Manitoba, Canada-based marijuana grower and retailer Delta 9 Cannabis closed a deal to acquire 17 stores in Alberta and arranged a private placement worth 10 million Canadian dollars ($8 million) from Sundial Growers.
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New Mexico cannabis firms prep for Texan shopping spree as adult-use sales launch
Cannabis businesses in eastern and southern New Mexico are counting on a stampede of Texans to supersize their sales when the state’s adult-use marijuana market launches Friday, but that opportunity might not last forever.
Arizona group plans marijuana-friendly Las Vegas hotel with $11.9M acquisition
A boutique hotel property near the Las Vegas Strip has been sold to an Arizona company with plans to renovate the property and turn it into a marijuana-friendly venue.
Cannabis manufacturer Valens raises $22.5 million in bought deal offering
Canadian cannabis product manufacturer The Valens Co. announced a bought deal offering worth $22.5 million (28.1 million Canadian dollars) with an over-allotment option.
Ontario white-label cannabis product deals allowed, retail regulator confirms
Cannabis retailers in Canada’s largest adult-use market will be allowed to contract with producers to create white-label and house-brand marijuana products, Ontario’s retail authority says.
In reversal, Ontario cannabis regulator to allow white-label retail deals
The cannabis retail regulator in Ontario, Canada, is set to reverse course on its recent decision to ban retailers from creating in-house brands and white-label products, MJBizDaily has learned.
Cresco Labs to buy rival marijuana MSO Columbia Care in $2 billion deal
Major multistate cannabis operators Cresco Labs and Columbia Care said Wednesday they have agreed to combine in a blockbuster deal worth roughly $2 billion, with Chicago-based Cresco set to acquire New York-headquartered Columbia.
Arkansas posts $21.1 million in February medical cannabis sales
February medical cannabis sales in Arkansas totaled $21.1 million, according to new data from the state.
Workers at Michigan cannabis retailer unionize with UFCW
Workers at Manistee, Michigan, cannabis store Authentic 231 unionized with the United Food and Commercial Workers (UFCW)Â with the support of parent company Left Coast Holdings.
Canadian cannabis retail sales shrank to CA$347.2 million in January
Canadian retail sales of regulated adult-use cannabis totaled 347.2 million Canadian dollars ($275.2 million) in January, according to new data from the country’s statistics authority.
Amid transformation push, marijuana producer Hexo posts CA$690.3M Q2 loss
Major Canadian marijuana producer Hexo Corp. posted a net loss of nearly 690.3 million Canadian dollars ($547 million) for the quarter ended Jan. 31, including write-downs worth CA$616 million.
‘Diamonds in the rough’: How to hire cannabis workers with criminal records
“Social equity” is the legal cannabis industry’s biggest buzzword these days, with governments and companies of all sizes paying homage to the idea that people most harmed by the war on drugs – particularly people of color – should be first in line to reap the economic benefits of legalization.
