FarmaceuticalRX, a medical cannabis producer with operations in Ohio and Pennsylvania, closed a $34 million loan from cannabis real estate financier Chicago Atlantic Real Estate Finance and other unspecified “institutional lenders.”
Solomon Israel
Solomon Israel's Latest Posts
World’s first in-airport cannabis store taxiing toward takeoff in Canada
The Prince George Airport in British Columbia is one step closer to hosting what reportedly would be the world’s first in-airport cannabis store.
Weedmaps Super Bowl TV ad for cannabis rejected by NBC, report says
A television commercial from cannabis e-commerce and advertising platform Weedmaps was rejected for Super Bowl airtime by the NFL championship game’s broadcaster, NBC-TV.
Maryland lawmakers launch new recreational cannabis legalization push
Legislators in Maryland have launched another attempt to legalize recreational cannabis, including social equity measures.
Marijuana MSO Columbia Care closes $185 million notes offering
Marijuana multistate company Columbia Care closed a private placement of senior notes worth $185 million.
Investor seeks to oust most of cannabis company Hexo’s board
An activist shareholder of Canadian cannabis producer Hexo Corp. is pushing to replace the majority of the company’s board, with an eye to “turning around the underachieving company’s disappointing performance.”
Montana recreational marijuana sales exceed $12.8 million in first month
Sales in Montana’s new adult-use marijuana market reached nearly $12.9 million in January, the first month of the program’s existence.
Cannabis REIT Innovative Industrial Properties to raise $300 million via notes offering
Cannabis real estate investment trust (REIT) Innovative Industrial Properties is launching a senior notes offering to raise an aggregate principal amount of $300 million.
Legal marijuana has added CA$43.5B to Canada’s GDP, report says
Canada’s regulated cannabis industry has contributed 43.5 billion Canadian dollars ($34.2 billion) to the country’s gross domestic product between recreational marijuana legalization in 2018 and 2021, according to a new report.
Marijuana MSO PharmaCann raises $39.5 million through upsized debt offering
Privately held marijuana multistate operator PharmaCann raised net proceeds of $39.5 million through an upsized offering of senior secured notes.
Canada’s retail marijuana sales decline to CA$353.7 million in November
Retail sales of legal adult-use marijuana dipped to 353.7 million Canadian dollars ($282.5 million) in November, a 2.9% decline from October’s monthly sales record.
Atlanta group poised to enter marijuana sector using REIT model
UC Asset, an Atlanta-based real estate investment group, announced its intent to acquire an indoor-outdoor medical marijuana property in Oklahoma City.
