Trulieve Cannabis completed a $6 million cash-and-stock acquisition of West Virginia medical marijuana operator Mountaineer Holding.
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Cannabis producer Sundial to buy retailer Inner Spirit for CA$131 million
Sundial Growers plans to acquire Inner Spirit Holdings, a major Canadian cannabis retailer and franchisor of Spiritleaf stores, in a deal worth 131 million Canadian dollars ($107 million) in cash and shares. The purchase involving the Alberta-based companies,...
Oregon, Illinois post record cannabis sales in April
The regulated marijuana markets in Oregon and Illinois reached new heights in April, according to monthly sales figures from state regulators. April sales in the mature Oregon market exceeded $110.5 million, according to new figures from the...
Cannabis MSO Green Thumb raises $217 million in debt at 7% interest rate
Multistate cannabis operator Green Thumb Industries raised $217 million worth of funding by issuing senior secured debt at an interest rate the company described as "industry-leading." Chicago-based Green Thumb said it would use the new funding to retire $105 million...
Ontario Cannabis Store’s new ‘craft’ designation could help small producers
A new "Craft Cannabis" designation launched by the government-owned Ontario Cannabis Store (OCS), the sole online retailer of legal adult-use products in the province, features specific criteria that define the often-vague notion of "craft" marijuana. The product...
Columbia Care acquires New York cannabis cultivation site for $42.5M
Multistate cannabis operator Columbia Care is spending $42.5 million in cash and stock to acquire a 34-acre cultivation site in its home state of New York.
Canadian cannabis firm Valens seeks Nasdaq listing
Canadian cannabis product manufacturer The Valens Co. announced its initial application to list shares on the Nasdaq exchange in the United States. As part of the Nasdaq listing plan, Valens will ask shareholders to approve a share consolidation at a May 25 meeting....
Canadian cannabis firm Fire & Flower reports CA$79 million annual net loss
Major Canadian cannabis store chain Fire & Flower Holdings has reported total revenue of 128.1 million Canadian dollars ($103 million) for its fiscal year ended Jan. 30, with an annual net loss of CA$79 million.
Thrive Cannabis launching Canada’s first farm-gate store in Ontario
Privately held producer Thrive Cannabis says an upcoming retail store at its indoor and outdoor production site in Jarvis, Ontario, will be the first farm-gate marijuana store in the province and, by extension, all of Canada.
Ontario overtakes Alberta to lead Canada in legal cannabis stores
Canada’s most populous province, Ontario, has finally surpassed Alberta in terms of the number of licensed cannabis stores that are open for business.
Arizona issues 13 new adult-use cannabis store licenses in rural counties
The Arizona Department of Health Services awarded 13 new adult-use cannabis retail licenses across eight rural counties, signaling further growth of the state’s new recreational cannabis market.
Quebec ban on selling cannabis ‘associated’ items contested in court
A cannabis accessory and lifestyle retailer in Quebec has taken the provincial government to court over a law that prevents it from selling many items associated with cannabis.
