Columbia Care, a New York-based multistate cannabis operator, reported revenue of $19.3 million for the second quarter ended June 30, up from $9.6 million in the same period last year. Net loss for the period was $33.7 million, compared with a...
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Canada’s TerrAscend looks to snap up US marijuana firm Ilera for up to $225M
TerrAscend, an Ontario, Canada-based vertically integrated cannabis company, agreed to acquire Ilera Healthcare, a Pennsylvania-based marijuana cultivator, processor and dispensary operator for up to $225 million (CA$297 million).
Cannex, 4Front complete cannabis merger; trading starts next week
An almost $500 million merger of a Canadian and a U.S. marijuana company closed, months later than originally planned. Vancouver, British Columbia-based Cannex Capital Holdings, a cannabis company with a cultivation and manufacturing presence in Washington state, and...
Harvest Health secures $225 million loan to boost marijuana expansion
Harvest Health & Recreation, a Phoenix-based multistate cannabis operator, secured up to a $225 million loan to help accelerate growth. The loan, to be structured in three $75 million tranches, is backed by Miami-based Torian Capital Partners.[include_post...
Antitrust issues weigh on US cannabis stocks, but is it enough to unravel deals?
The U.S. cannabis industry has seen billions of dollars of acquisitions in recent months, attracting scrutiny from federal trustbusters examining whether planned purchases could quash competition in the emerging marijuana industry. The U.S. Department of Justice's...
American public pension funds invest in cannabis through California-based REIT
More than a dozen public pension funds are investing in marijuana through a California real estate investment trust (REIT), a sign that institutional investors wielding billions of dollars in state funds are comfortable pumping money into the cannabis industry. The...
Ello Capital launches as marijuana-focused US investment bank
Los Angeles-based Ello Capital plans "one-stop" shopping as a marijuana-focused investment bank serving cannabis companies in the United States. The company said it is filling a need for an underserved clientele with few, if any, other cannabis-focused investment...
Arcview deal highlights increased institutional involvement in cannabis
The acquisition of Oakland, California-based The Arcview Group boasted a relatively small price tag, but the impact to the cannabis industry as a whole might be more substantial than the $7.7 million sum. The deal was structured as a Series A funding but was...
Curaleaf agrees to acquire marijuana giant Grassroots for $875 million
Massachusetts-based Curaleaf, a cannabis company with a market cap of about $3.6 billion, on Wednesday agreed to buy privately owned Grassroots Cannabis for $875 million in stock and cash.
Cannabis firm Arcview gets $7.7 million funding, new ownership
Dallas-based marijuana investment firm Cresco Capital Partners and another private equity group are taking control of The Arcview Group, an MJ investment company in Oakland, California.
Canadian marijuana firm Organigram reports improved quarterly revenues, net loss
Organigram, a Canadian cannabis producer that trades on a major U.S. exchange, reported net revenues of 24.8 million Canadian dollars ($18.6 million) for the fiscal third quarter ended May 31, up from CA$3.44 million in the same period last year. [include_post...
Jushi closes $63M Pennsylvania deal for medical cannabis dispensary space
Jushi Holdings, a Florida-based marijuana company, closed an agreement to acquire Pennsylvania-based Franklin Bioscience in a $63 million deal.
