Marijuana multistate operator Verano Holdings refinanced its existing $350 million credit facility from cannabis industry real estate lender Chicago Atlantic.
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DC visitors may buy medical marijuana without out-of-state registrations
Washington DC is now allowing visitors to buy medical marijuana without an out-of-state MMJ registration, a change that could increase business for dispensaries in the district.
Cannabis MSO Acreage borrows up to $50M more from AFC Gamma, Viridescent
Cannabis industry real estate lenders AFC Gamma and Viridescent Realty Trust amended their late 2021 loan agreement with multistate operator Acreage Holdings, lending up to $50 million more than the original $100 million loan.
Canadian marijuana company Flowr receives initial creditor protection order
Canadian marijuana cultivator The Flowr Corp. received an initial creditor protection order from a Canadian court as the Toronto-based company tries to conduct a sale and solicitation process and exit creditor protection “as a going concern.”
Sales of infused pre-rolls light up Canadian cannabis market
Sales of specialty pre-rolls infused with cannabis concentrates have blossomed in Canada’s maturing adult-use marijuana market as consumers embrace the high-potency, ready-to-smoke format.
Canada’s Yukon territory cedes cannabis retail sales to private sector
The government of one of Canada’s three remote northern territories has shut down its online cannabis retail website after four years in business, turning over adult-use sales to a handful of private-sector retailers.
Canadian companies piloting sustainable cannabis packaging service
A Canadian consultancy is piloting an environmentally friendly cannabis packaging service with an eye to reducing waste by reusing wholesale packaging many times instead of recycling or throwing it away.
Canadian marijuana retailer Fire & Flower raising CA$16M via key investor
Major Canadian cannabis store chain Fire & Flower is raising 16 million Canadian dollars ($11.7 million) from its key investor, gas station and convenience store giant Alimentation Couche-Tard.
Uber Eats, Leafly partner on cannabis store delivery orders in Toronto
Online marijuana platform Leafly has partnered with delivery service Uber Eats to offer cannabis delivery orders through the high-profile Uber Eats smartphone app in Toronto, the most-populous city in Canada.
Some claims dismissed in CBD startup lawsuit by Curaleaf exec, others
An Oregon judge dismissed some of the claims against cannabis entrepreneur Nitin Khanna in a legal battle involving Curaleaf Holdings Executive Chair Boris Jordan, but the court battle continues.
Ontario cannabis retail regulator warns stores against selling to illicit operators
The cannabis retail regulator in Ontario, Canada, is warning licensed retailers against selling their inventory to “unlicensed third parties upon the closure of the store.”
TerrAscend closes $45.5 million marijuana debt financing
Multistate marijuana company TerrAscend Corp. has taken a senior secured term loan from cannabis real estate lender Pelorus Equity Group for gross proceeds of $45.5 million.
