Multistate marijuana operator PharmaCann has completed a private debt offering of $85 million worth of senior secured notes at a 12% interest rate.
Solomon Israel
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Canada’s High Tide buying US marijuana accessory retailer for $10M
High Tide, an Alberta-based cannabis retail chain that owns several cannabis accessory and CBD retailers outside of Canada, is acquiring U.S. online marijuana accessories retailer Daily High Club. Daily High Club shareholders will receive $10...
US tobacco firm Pyxus International sells Canadian cannabis subsidiaries
U.S. tobacco company Pyxus International has sold off its Canadian cannabis subsidiaries, according to a media report and court filings. North Carolina-based Pyxus announced in January that it was divesting its Canadian assets, which included...
Cannabis REIT AFC Gamma looks to raise at least $56 million
Florida-based marijuana industry real estate trust (REIT) AFC Gamma has priced an underwritten public offering to raise approximately $56.4 million before expenses. The offering includes 2.75 million common shares of AFC Gamma, priced at...
Court rejects Missouri’s residency requirement for cannabis companies
A federal judge in Missouri ruled in favor of a Pennsylvania investor who sued the state’s medical cannabis regulators over a residency requirement for MMJ business owners.
Cannabis firms Tilt, Ayr pay nearly $300,000 each in MA settlements
Marijuana companies Tilt Holdings and a subsidiary of Ayr Wellness are paying $275,000 and $295,000, respectively, to the Massachusetts Cannabis Control Commission (CCC) to settle separate allegations of regulatory infractions. Both settlements were approved June 17,...
Marijuana online firm Leafly seeks to raise up to $30M in securities offering
Leafly, an online marijuana guide and cannabis news website, is planning to raise up to $30 million in a securities offering. The offering includes securities such as debt, convertible debt and options to acquire securities, according to the Wednesday filing with the...
Freezable cannabis edible shows room for innovation in Canadian regulations
Canadian regulations requiring marijuana edibles to be shelf-stable - meaning they can't need refrigeration or freezing - might have seemed like a deathblow to any cannabis producer's dreams of creating a frozen cannabis confection. But a new product from Heritage...
Texas governor signs limited medical marijuana expansion bill into law
Texas Gov. Greg Abbott signed into law legislation that will slightly expand the state’s restrictive medical marijuana program to make MMJ available to additional patients and allow for marginally more THC in regulated medicinal cannabis products.
‘Considerable interest’ in Alberta survey on private-sector online cannabis sales
Alberta’s marijuana retailer regulator is consulting the industry regarding the possibility of online cannabis sales by private-sector stores as well as sales of non-cannabis items such as apparel.
Equity in cannabis: Q&A with Sumayyah Emeh-Edu, Canopy’s VP of diversity and inclusion
Sumayyah Emeh-Edu, the new vice president of diversity, equity and inclusion (DEI) at Canadian cannabis producer Canopy Growth Corp., says marijuana businesses trying to achieve equity can't rely on goodwill alone. Instead, inclusionary practices must be embedded into...
Power REIT buys Oklahoma cannabis facility, leases it to cultivator
Real estate investment trust Power REIT acquired a cannabis property in northeastern Oklahoma and signed a 20-year lease to rent the facility to a marijuana producer. According to a Friday news release, Power REIT is spending roughly $2.65...
