Canadian sales of legal adult-use marijuana continued a monthslong growth trend in July, increasing 6.2% over June to a record 338.9 million Canadian dollars ($267.8 million). June's sales total was adjusted upward slightly to CA$319.2...
Solomon Israel
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Michigan’s Skymint secures $78 million in financing, acquires cannabis retailer
Vertically integrated Michigan marijuana operator Skymint landed $78 million in funding while also acquiring 3Fifteen Cannabis, a retailer in the state, for an undisclosed sum.
Driven by Stem acquires Oregon marijuana business for $2.9 million
Marijuana multistate operator Driven by Stem acquired Oregon cannabis extraction company Artifact Extracts in a $2.925 million deal that includes two retail stores. The all-stock translation closed Sept. 17 with Oregon regulatory approvals granted, Stem said in a...
Canada’s biggest cannabis market, Ontario, reaches 1,000 legal stores
The Canadian province of Ontario, the country’s biggest market with a population of nearly 14.8 million people, now has at least 1,000 licensed cannabis stores.
Glass House closes $93M California marijuana greenhouse purchase
California marijuana and hemp company Glass House Brands finalized its acquisition of a Ventura County greenhouse facility for $93 million in cash – $25 million less cash than the original price – plus stock.
Cannabis food company gets initial creditor protection order in Canada
Plus Products, a marijuana and hemp foods company, received an initial creditor protection order from a Canadian court as it attempts to restructure its business.
AFC Gamma expands loan to marijuana MSO Nature’s Medicines by $30 million
Florida-based cannabis business real estate lender AFC Gamma loaned an additional $30 million to Arizona-headquartered multistate marijuana operator Devi Holdings, which does business as Nature’s Medicines.
Cannabis retailer High Tide announces white-label deals for shatter, gummies
Major Canadian cannabis retailer High Tide announced white-label partnerships with two different companies to produce cannabis products under High Tide's Cabana Cannabis Co. house brand. Under one agreement, federally licensed producer Heritage Cannabis will...
How Weedmaps’ parent, a cannabis SPAC, plans to grow: Q&A with WM Technology CEO Chris Beals
WM Technology went public in June after merging with special purpose acquisition company (SPAC) Silver Spike Acquisition Corp.
WM Technology now trades as MAPS on the Nasdaq exchange.
Valens, Entourage to make white-label CBD products for retailer Fire & Flower
Two Canadian cannabis businesses, The Valens Co. and Entourage Health Corp., announced they will produce white-label CBD products for major Canadian retail chain Fire & Flower.
Chided for diversity, Ohio gets female minority-led medical marijuana firm
A Black woman is believed to be the first minority female to open a vertically integrated medical marijuana company in Ohio, marking a step toward a more diverse cannabis industry in the state.
Completion of Acreage’s NJ marijuana grow delayed by hurricane damage
Acreage Holdings' under-construction cultivation facility in Sewell, New Jersey, suffered "extensive damage" from Hurricane Ida, the New York-based multistate marijuana company said. The facility "was nearing the completion of its construction," according to a Tuesday...
