Vertically integrated cannabis company Item 9 Labs signed a deal to buy an unspecified licensed marijuana store in a Denver suburb for an undisclosed sum.
Solomon Israel
Solomon Israel's Latest Posts
Cannabis financier AFC Gamma to raise $100 million in new notes offering
Cannabis real estate lender AFC Gamma announced plans to raise $100 million through an upcoming debt offering.
Cannabis firm Agrify buys two Sinclair Scientific brands for at least $50 million
Ancillary cannabis business Agrify said it acquired two marijuana- and hemp-related equipment and services brands from Sinclair Scientific for at least $50 million.
Cannabis companies use social media, local news reports and email newsletters to reach customers
A cannabis store can be well-located, beautifully designed and staffed by experts selling the best products available, but without marketing and advertising to attract clientele, sales won’t reach their potential.
Marijuana real estate lender Pelorus closes $42.3 million notes offering
Pelorus Equity Group, a commercial real estate lender to marijuana companies, closed a $42.3 million private placement of senior unsecured notes from its real estate investment trust, Pelorus Fund. The notes bear a 7% interest rate and are due in 2026. [include_post...
Lessons from 1,200-plus Canadian retailers: Q&A with Thrive Cannabis exec Bubba Nicholson
Bubba Nicholson is on an epic cannabis adventure across the world's second-largest country, touring hundreds of licensed recreational marijuana stores in four Canadian provinces in a quest to build brand awareness and glean retail insights. Nicholson is vice president...
Canadian campaign seeks reduced cannabis excise taxes
A group of small- and medium-sized Canadian marijuana cultivators is calling on the federal government to reform its cannabis excise tax regime, seeking an end to a flat minimum per-gram tax and other tax adjustments based on a producer’s size.
Marijuana Company of America borrowing $10 million to expand
Los Angeles-based cannabis holding company Marijuana Company of America (MCOA) raised $10 million via an equity line of credit agreement with White Lion Capital.
Nevada cannabis cultivator Flower One raises $5 million in private placement
Nevada cannabis cultivator Flower One Holdings raised $5 million in the first tranche of a non-brokered private placement.
Challenges abound in New Jersey’s hot cannabis real estate market
Cannabis businesses entering New Jersey are facing a sizzling market for retail and industrial cannabis real estate ahead of the launch of recreational sales, forcing them to search aggressively for appropriate sites in limited areas, and pay premiums to secure them.
New Ohio SPAC raising $30.5 million for wellness acquisitions, including CBD
A new special purpose acquisition company (SPAC) started by Ohio marijuana industry players is raising money to acquire small wellness brands.
Cresco to acquire Cure Pennsylvania’s 3 cannabis dispensaries for $90 million
Chicago-based marijuana multistate operator Cresco Labs announced a $90 million cash-and-stock deal to acquire Bay, also known as Cure Pennsylvania, and its three medical cannabis dispensaries. Cresco did not specify how much of the acquisition would be paid for with...
