Choice Consolidation Corp. is winding up its business and backing away from any marijuana industry acquisitions, the industry special purpose acquisition corporation (SPAC).
Solomon Israel
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Canadian retailer Nova Cannabis to issue up to CA$20 million in shares
Canadian marijuana retail chain Nova Cannabis announced an at-the-market share offering to issue as much as 20 million Canadian dollars ($15.5 million) worth of shares over time.
Canadian adult-use cannabis sales grow slightly to nearly CA$376 million in May
Sales of legal adult-use cannabis in Canada totaled a record 375.8 million Canadian dollars ($292.1 million) in May, representing a 0.7% increase over April sales on an unadjusted basis, according to new data from Statistics Canada.
Biotech and hemp firm to raise $35 million in registered direct offering
Agriculture biotechnology firm 22nd Century Group has announced a registered direct offering of shares to raise expected gross proceeds of $35 million.
Canadian cannabis retailer High Tide sets CA$10 million public offering
Canadian adult-use cannabis retail giant High Tide announced a bought-deal public offering worth 10 million Canadian dollars ($7.7 million) as it waits for a pending non-dilutive financing deal to close.
How a Canadian cannabis nursery got nearly CA$2 million in federal funding
Saskatchewan cannabis nursery Mother Labs’ recent success securing 1.8 million Canadian dollars ($1.4 million) in federal funding shows how Canada’s cannabis industry can benefit from government financing at a time when capital is scarce.
Quebec cannabis retail strike continues with rotating closures at some stores
Quebec’s government-owned cannabis retail monopoly says some of its locations where workers are on strike will be occasionally closed this summer because of the labor action, one for an indefinite time.
Why Canadian cannabis retailer ShinyBud is buying pharmacies
Ontario, Canada, cannabis store chain ShinyBud is expanding its retail portfolio with a plan to acquire independent pharmacies and aspirations to synergize those pharmacies with its adult-use stores.
Proposed Pennsylvania law could ease marijuana banking in state
A proposed bill in Pennsylvania would shield from prosecution banks, credit unions, and insurance companies that do business with legal marijuana companies in the state.
Canadian cannabis retailer High Tide buying Choom stores for CA$5.1 million
Calgary-based adult-use marijuana retail chain High Tide announced a deal to acquire nine stores from Choom Holdings, including two in British Columbia, six in Alberta, and one in Ontario, amid a consolidation trend in Canadian cannabis retail.
Cannabis software firm Akerna closes $10 million public offering
Cannabis technology company Akerna closed a public offering of shares and share purchase warrants, raising gross proceeds of roughly $10 million for debt servicing and other other purposes.
Auxly sells cannabis cultivation facility in Nova Scotia, yielding CA$6 million
Canadian cannabis producer Auxly Cannabis Group sold its Auxly Annapolis indoor cultivation site in Kentville, Nova Scotia, for total proceeds of 6 million Canadian dollars ($4.6 million).
