Marijuana hydroponics equipment and supplies company Hydrofarm Holdings Group struck a deal to acquire nutrient producer House & Garden for roughly $125 million. It's Hydrofarm's second acquisition this year. The Fairless,...
Solomon Israel
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Canadian cannabis sales rebound to almost CA$300 million in March
Canadian retail sales of regulated adult-use cannabis increased by 13.8% in March compared to February, rebounding from a decline during the previous month, according to the latest data from Statistics Canada. The March cannabis sales figures...
Cannabis REIT upsizes senior note offering to raise $300 million
Cannabis industry real estate investment trust Innovative Industrial Properties (IIP) said it upsized a previously announced private debt offering to raise $300 million. The senior notes from IIP's operating partnership carry an interest rate of 5.50% and mature on...
NM legal challenge targets medical marijuana purchase limits, plant counts
A New Mexico medical marijuana patient is challenging rules regarding purchase restrictions for consumers and plant-count limits for producers, an action that could bolster MMJ businesses.
MedMen raises $10M for new cannabis stores in Boston, San Francisco
Multistate marijuana company MedMen Enterprises has closed a non-brokered private placement worth $10 million that will be used “to drive” new store openings in Boston and San Francisco.
Curaleaf acquires Los Sueños for $67M, expands CO marijuana footprint
Massachusetts-based multistate marijuana operator Curaleaf Holdings plans to grow its footprint in the Colorado cannabis market by acquiring the cultivation and retail assets of Pueblo, Colorado-based Los Sueños Farms.
Canadian cannabis producer Hexo to enter US with Colorado facility
Hexo Corp. entered purchase and sale agreements for a 50,000-square-foot cannabis production facility in northern Colorado, marking a step forward for the Canadian producer’s U.S. ambitions.
Marijuana retail franchisers eye national franchises despite hurdles
From McDonald’s to Marriott, from Subway to Century 21, franchise businesses are as American as apple pie.
In the U.S. marijuana industry, however, retail franchising has yet to take off on a national scale.
Strict Nebraska medical cannabis bill stalls; ballot measure is next step
A restrictive medical cannabis bill met its demise in the Nebraska Legislature on Wednesday after state lawmakers failed to overcome a filibuster. The bill, sponsored by Nebraska Sen. Anna Wishart, would have legalized MMJ only for patients with 17 medical conditions...
Marijuana MSO Trulieve buying Harvest Health in $2.1 billion mega-deal
Florida-based Trulieve Cannabis announced an agreement to acquire Arizona-based Harvest Health & Recreation in an all-stock deal valued at about $2.1 billion and touted as the largest U.S. marijuana transaction to date.
Marijuana retailers use analytics, consumer feedback to fill shelves, dump low-selling inventory
The cannabis products lining your shelves might make or break the reputation of your marijuana retail store. Whether or not they sell could make or break your company’s bank account.
AFC Gamma lends $22M to Justice Cannabis for New Jersey operations
Marijuana industry real estate financier AFC Gamma announced a $22 million senior secured credit facility for Chicago-based multistate MJ company Justice Cannabis. Justice will use the credit facility to buy and complete construction on a 72,000-square-foot...
