Shareholders at both Acreage Holdings (CSE: ACRG.U) and Canopy Growth (NYSE: CGC; TSX: WEED) voted in favor of the planned $3.4 billion merger between two of the biggest North American cannabis companies.
Nick Thomas
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Surterra partners with Intrexon in $100 million licensing cannabinoid deal
Surterra Wellness, an Atlanta-based cannabis company with operations in Florida and Texas, announced it will partner with Hungary's Intrexon Corp. in a $100 million licensing deal aimed at biosynthetic cannabinoid production. Surterra would...
Cannabis firm High Times going to court over Culture Magazine acquisition
High Times Holding Corp., the cannabis media group currently trying to raise funds for a potential stock exchange listing, is being sued by Southland Publishing over the sale of the latter's Culture Magazine. Southland agreed for High Times to...
Merged cannabis firms MJ Freeway, MTech to begin trading on Nasdaq
Akerna, the newly formed marijuana company involving the merger of cannabis technology company MJ Freeway and MTech, a special purpose acquisition company, is to begin trading on the Nasdaq on June 18.
Dixie Brands to enter Oklahoma marijuana market through deal with Globus
Dixie Brands, a Denver-based consumer packaged goods company, said it is entering the Oklahoma medical cannabis market through a manufacturing and distribution agreement with Globus Holdings. Oklahoma marks the sixth state where Dixie has...
Marijuana, hemp side by side at MJBizConNEXT & Hemp Industry Daily Conference in New Orleans
The cannabis industry is in New Orleans this week for MJBizConNEXT with attendees having the option to specifically focus on either marijuana or hemp - or both, for that matter. That's because, for the first time, Marijuana Business Daily is hosting side-by-side...
Marijuana firm Planet 13 signals entry into California with $10M dispensary purchase
Planet 13, a Nevada cannabis company that operates what it calls the world’s largest dispensary, is entering the California market with a $10 million acquisition of a retail license and lease in the Orange County town of Santa Ana.
Cannabis oil firm PharmaCielo to buy Australia’s Creso Pharma for roughly $85M
Toronto-headquartered PharmaCielo agreed to purchase Creso Pharma, an Australian-traded cannabis oil producer, for 122 million Australian dollars ($85 million).
Medicine Man agrees to acquire Colorado’s largest outdoor marijuana grower, manufacturer
Denver-based Medicine Man Technologies agreed to purchase Colorado's largest outdoor cannabis grower as well as a local manufacturing and dispensary company, saying a new state investment law paved the way for the deals. Terms weren't disclosed. Medicine Man - a...
Corporate governance a concern for your cannabis firm? It can be an easy fix
The cannabis industry has a corporate governance problem. And it’s an issue that marijuana executives can ill afford to ignore.
This can be especially troublesome for execs at publicly traded firms, which risk alienating investors and consumers.
Lawsuit alleges cannabis packaging company KushCo misled investors
A group of shareholders filed a lawsuit against California-based KushCo, alleging that the company misled investors on the accounting behind a number of acquisitions, violating state and federal laws in the process. According to the court...
Green Growth eyes Florida medical marijuana market, nixes Arizona deal
Ohio-based medical marijuana company Green Growth Brands is moving into Florida through a $54.65 million agreement to acquire Spring Oaks Greenhouses, an MMJ company based in the state. The acquisition, expected to close in August, would allow...
