Marijuana cultivator and product manufacturer Flora Growth acquired CBD brand JustCBD for $16 million plus 9.5 million privately issued shares.
Solomon Israel
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South Dakota adult-use cannabis bill faces ‘tough path’ in House, gov’s office
The South Dakota House Majority Leader says an adult-use cannabis legalization bill faces a “decently tough path going forward” in the state House of Representatives.
Canada’s cannabis legalization review running late, as industry hopes for reforms
More than three years after Canada legalized and regulated recreational cannabis, the country’s legalization law is overdue for a checkup.
A mandatory review of the 2018 legislation, which was supposed to have begun months ago, has not been formally launched, MJBizDaily has learned.
NM medical marijuana firms eligible for tax refund after court decision
New Mexico’s highest court declined to hear an appeal regarding whether medical marijuana producers are subject to the state’s gross receipts tax, meaning MMJ businesses in the state will be able to claim a significant tax break.
Cannabis firm Hexo to ‘refresh’ board after deal with activist shareholder
Embattled Canadian cannabis producer Hexo is reforming its board of directors after signing an agreement with an activist shareholder displeased with the company’s performance.
South Dakota recreational cannabis bill heads to state Senate vote
Another attempt to legalize recreational cannabis in South Dakota will go before the state Legislature next week.
Cannabis drink company Cann raises $27M, launches in Canada via Truss
Los Angeles-based cannabis beverage maker Cann raised $27 million in a Series A funding round and has launched its drinks in Ontario, Canada.
German marijuana distributor Cansativa raises $15M from Casa Verde, others
German cannabis distribution company Cansativa Group raised $15 million in a Series B financing round led by U.S. marijuana venture capital firm Casa Verde Capital.
Jones Soda buys Canadian firm, raises $11M in step toward cannabis drinks
Craft soda maker Jones Soda acquired a Canadian shell company and raised $11 million in concurrent financing as part of a move to develop cannabis-infused products.
Nevada marijuana producer Flower One signs loan for $10.1 million
Las Vegas-based marijuana producer Flower One announced proceeds of $10.1 million from a term loan with an unspecified existing shareholder and also modified previously existing debt as the company works to cut costs.
Marijuana operator Harborside closes first tranche of $77.3M debt financing
Oakland, California-based vertically integrated marijuana firm Harborside closed the first tranche of a $77.3 million debt financing deal.
Red White & Bloom acquires Michigan marijuana operator PharmaCo
Canada-based multistate operator Red White & Bloom Brands (RWB) closed its acquisition of PharmaCo, a Michigan marijuana company.
