Marijuana real estate company Innovative Industrial Properties (IIP) amended a lease on a cannabis cultivation and processing property in Danville, Pennsylvania, operated by Green Thumb Industries, yielding a $55 million reimbursement for GTI’s development of a new building.
The Canadian government still has no publicly projected launch date for its mandatory review of the country’s 2018 recreational cannabis legalization law, more than eight months after the reappraisal was due to begin.
Quebec’s government-owned Société québécoise du cannabis (SQDC) cannabis retail monopoly ratified an agreement in principle with a group of workers represented by one union, although a strike by workers represented by another union remains unresolved.
Cannabis multistate operator iAnthus Capital Holdings closed a previously announced restructuring and recapitalization deal, then disclosed $25 million in new financing via senior secured notes.
Canadian cannabis producer Organigram said it has reached a “proposed settlement” over a class action lawsuit regarding pesticide-contaminated medical marijuana that the company recalled in late 2016 and early 2017.
The state of New York has chosen “premier minority-led investment team” Social Equity Impact Ventures to manage its $200 million marijuana industry social equity investment fund.
Canadian cannabis company Sundial Growers said it signed a deal to put in a stalking horse bid to buy the assets of distressed Hexo Corp. subsidiary Zenabis Global, which filed for creditor protection last week.
Canadian marijuana insiders say a new federal “cannabis strategy table” bringing together industry leaders and government officials will be an opportunity to discuss key concerns such as excise taxes, marketing restrictions and THC limits on edibles and beverages.
Marijuana industry finance company Safe Harbor Financial is lending beyond its home state of Colorado, handing a $5 million loan to Massachusetts-based Solar Cannabis.
Aurora Cannabis has bought back roughly $20 million worth of convertible senior notes to reduce debt and “annual cash interest costs.”
Silver Spike Investment Corp. co-led a loan worth up to $170 million to privately held California marijuana grower, manufacturer and retailer Shryne Group.
Canadian marijuana producer Aurora Cannabis said it received gross proceeds of $172.5 million from a bought deal offering after the underwriters’ over-allotment option was fully exercised.
