Real estate investment trust Power REIT secured a debt financing facility worth $20 million from an unspecified “commercial federally regulated bank,” with room to borrow more in the future.
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Marijuana lender Chicago Atlantic boosts credit facility to $45 million
Marijuana industry lender Chicago Atlantic Real Estate Finance upsized a loan from two banks to $45 million.
Canadian recreational cannabis sales grow to CA$364.2 million in October
Regulated sales of recreational cannabis totaled 364.2 million Canadian dollars ($281.7 million) in October, a monthly record.
Planet 13 to acquire marijuana producer Next Green Wave for CA$91 million
Planet 13 Holdings, a Nevada-based marijuana company with operations in California, agreed to a deal worth roughly 91 million Canadian dollars ($70.3 million) to acquire indoor cannabis producer Next Green Wave Holdings.
Organigram acquires cannabis producer Laurentian Organic for at least CA$36M
Canadian cannabis producer Organigram Holdings acquired Quebec producer Laurentian Organic in a deal worth at least 36 million Canadian dollars ($27.8 million).
Marijuana MSO Acreage secures up to $150M loan from AFC Gamma, Viridescent
Two real estate lenders teamed up to lend $100 million to multistate cannabis operator Acreage Holdings, with an option for an additional $50 million.
How Canadian retailers choose from a growing array of cannabis products
Amid an ever-expanding constellation of cannabis products from a growing number of producers, retail product selection in Canada’s regulated recreational cannabis market has become a daunting task.
New Jersey opens doors to wave of adult-use marijuana applicants
New Jersey’s cannabis regulator says it’s tracking strong interest in new recreational marijuana license applications after opening up its online licensing platform this week.
Private-sector online cannabis sales, delivery coming to Alberta in March
Private-sector cannabis retailers in Alberta will take over online adult-use sales and delivery from a government-owned online store in March 2022, providing new opportunities to stores in the competitive Canadian market.
Cannabis firm Village Farms delisting from TSX, will remain on Nasdaq
North American produce and cannabis company Village Farms International is voluntarily delisting its shares from the Toronto Stock Exchange, the company said Tuesday.
California cannabis business Glass House borrowing up to $100 million
Vertically integrated California cannabis company Glass House Brands is borrowing up to $100 million to retrofit its recently acquired California greenhouse and more.
South Dakota voters disapprove of gov’s cannabis approach, poll shows
A slim majority of South Dakota voters disapprove of Republican Gov. Kristi Noem’s approach toward cannabis in the state, according to a recent poll.
