Roger Fillion

CBD beverage maker eyes global expansion via $85M purchase of Utah company

A Denver company that makes CBD drinks has agreed to acquire a Utah beverage company to increase its distribution might, especially in Asia. New Age Beverages Corp. (Nasdaq: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Here’s what you need to know: New Age will pay $75 million […]

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Wrigley chewing gum heir is new CEO of medical marijuana firm Surterra

Chewing gum billionaire William “Beau” Wrigley Jr. has been appointed CEO of medical marijuana company Surterra Wellness, a little more than two months after leading a $65 million funding round for the firm. Atlanta-based Surterra operates medical marijuana dispensaries and cultivation facilities in Florida as well as CBD dispensaries and grow operations in Texas. Wrigley is taking […]

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Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

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Canada’s Landmark Day: Country launches industrialized world’s first recreational cannabis market

Marijuana Business Daily reporters were on the ground in Canada, providing live coverage of the nation’s historic launch of its recreational cannabis market. Our staff filed updates throughout the day, providing you a front-row seat for the opening of recreational shops and to get insights on sales, challenges, successes and breaking news from the largest country […]

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Colorado cannabis biotech snags $10 million for expansion

Marijuana biotech firm Front Range Biosciences announced Thursday it secured $10 million in private funding to accelerate production in California, Canada and Colorado. The company, based in Lafayette, Colorado, said it plans to invest some of the money in investigating new strains of cannabis. Front Range Biosciences uses tissue-culture technology to make “plantlets” for both […]

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North Dakota recreational cannabis measure approved for ballot

Supporters of legalizing recreational marijuana in North Dakota have succeeded in bringing the matter to a public vote later this year. Proponents submitted more than the required 13,452 valid petition signatures to get a measure on the November general election ballot, Secretary of State Al Jaeger announced Monday. Supporters submitted 17,695 signatures last month, and […]

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Marijuana REIT investing $13 million in Michigan MMJ grow facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending $13 million to acquire and lease out a property in Michigan slated to be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock Exchange as IIPR, bought the property […]

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Oklahoma gov tells regulators to pull controversial medical marijuana rules

Oklahoma Gov. Mary Fallin has reversed herself and said health regulators should rescind controversial rules that threatened to curb the growth of the state’s new medical marijuana program. The State Health Board last week approved rules banning smokable flower and requiring dispensaries to have a pharmacist on staff. Fallin quickly signed off on the regulations. But […]

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GrowGeneration raises $10 million to bankroll cannabis-related acquisitions

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $10 million that it will use to purchase more businesses. The Denver company said in a news release it has more than $17 million in cash on its balance sheet and that it plans to “execute on multiple […]

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Arkansas justices to expedite medical marijuana case that halted MMJ program

The Arkansas Supreme Court has agreed to speed up its review of a ruling that has halted the issuance of the state’s first medical marijuana growing licenses. The high court set an expedited briefing schedule in an order this week, the Arkansas Democrat-Gazette reported. The final pleading is set to be submitted May 30. Arkansas appealed […]

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