Cresco Labs, a multistate cannabis operator based in Chicago, said it has secured up to $200 million in debt funding from a syndicate of lenders. The money is earmarked for: Expanding operations in Illinois, where it's based. Financing pending...
Nick Thomas
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Illinois social equity cannabis applicants laud licensing help from consultants, technology
Many marijuana industry watchers tout the social equity program in Illinois as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program's positive intent, it is still a sometimes...
Some marijuana firms turn to small investor opportunities in tight funding climate
In a move to address funding challenges, one California marijuana producer is turning to mom-and-pop investors.
Marijuana has its ‘fingers in everything’: Q&A with cannabis investor and ‘Big Short’ subject Danny Moses
Danny Moses is an adviser at New York-based cannabis investment group Merida Capital Partners and founder of Moses Ventures, a marijuana-focused investment fund in Connecticut.
New Colorado law boon for cannabis capital, but concerns remain for minority businesses
Colorado Gov. Jared Polis was lauded in May when he signed into law legislation allowing outside money to be invested in the state's cannabis industry. Since the law went into effect Nov. 1, outside capital has already begun flowing into Colorado marijuana businesses....
Cresco terminates VidaCann acquisition, highlighting cannabis industry’s focus on saving cash
Chicago-based multistate cannabis operator Cresco Labs said it is ending its agreement to buy Florida’s VidaCann, becoming the latest U.S. marijuana M&A deal to unravel and highlighting the steps companies are taking to navigate a rocky business environment.
Cresco Labs, Origin House revamp cannabis merger as value falls more than 50% and close delayed
Cresco Labs, a Chicago-based multistate cannabis operator, and Origin House are overhauling the terms of their merger announced earlier this year, as falling cannabis stock prices and other factors slashed the value of the transaction in half to approximately $400 million.
Marijuana company Vireo Health wagers on former Canopy co-CEO Linton to expand nationally
To help expand its national footprint, multistate marijuana company Vireo Health International has hired Bruce Linton, one of the biggest names in the cannabis industry and former leader of Canada’s Canopy Growth until his surprise firing in the summer.
Tight funding environment weighs on marijuana companies still seeking profit
Which came first? Poor paths to profitability for North American cannabis companies or limited funding for them to build their businesses? The reality: It's a bit of both. Funding opportunities for marijuana firms do exist, but investors are increasingly unlikely to...
Cresco Labs growing jobs in Illinois as adult-use marijuana looms
Chicago-based Cresco Labs is more than doubling its workforce in Illinois as the multistate operator prepares for the Jan. 1 launch of recreational cannabis sales in the state. The company, expected to close its acquisition of Canada-based...
Medicine Man Technologies looks beyond Colorado after nearly $300M buying spree
Medicine Man Technologies is undergoing a growth spurt of historic proportions, including visions for national and even international expansion that are a long way from the company’s humble beginnings.
Curaleaf amends Cura Partners marijuana deal; antitrust hurdle cleared
Curaleaf, a Massachusetts-based, multistate cannabis operator, is amending the terms of its pending acquisition of Cura Partners because of changing market conditions.
