Specialty real estate investment trust Power REIT, which has a portfolio that includes marijuana production facilities, raised $37 million through a rights offering that sold roughly 1.4 million shares at $26.50 per share. "The capital generated from the rights...
Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois. Government records show subsidiaries of both companies are the registered managers of a shell...
Canadian cannabis producer Canopy Growth said its business transformation is taking shape despite a net loss of 829.3 million Canadian dollars ($651 million) for the third quarter of its 2021 fiscal year. Among other new financial targets, the Smiths Falls,...
Wisconsin Gov. Tony Evers, a Democrat, proposed full marijuana legalization for the state in his 2021-23 biennial budget.
Canada's federal cannabis regulator, Health Canada, announced an upcoming public comment period regarding regulations that could result in new restrictions on flavors used in marijuana vape products. The proposed amendments to Canada's federal Cannabis Regulations...
Marijuana industry real estate investment trust Advanced Flower Capital, also known as AFC Gamma, is planning an initial public offering on the Nasdaq exchange that’s intended to raise approximately $91 million to $105 million.
Nevada marijuana company Planet 13 Holdings raised 69 million Canadian dollars ($53.9 million) on Tuesday in a bought deal public offering. According to a company news release, the money will be used for "potential acquisitions for purposes of retail, cultivation and...
Cannabis producer TerrAscend Canada has recalled more than 330,000 units of THC-infused gummies in relation to possible mold contamination.
Vertically integrated cannabis companies in Arizona’s fledgling recreational market are reporting long customer lines and robust sales after a lightning-quick market launch less than three months after voters approved adult-use legalization.
Agrify Corp., an ancillary marijuana business that produces hardware and software for indoor cannabis cultivators, priced an upcoming initial public share offering at $10 per share, or $54 million. Agrify shares will trade as AGFY on the...
Subversive Real Estate Acquisition REIT is combining with Israeli marijuana producer InterCure in a deal that values InterCure at $300 million and is intended to secure a Nasdaq listing for the combined company.
Multistate marijuana operator Harvest Health & Recreation on Monday closed a sale-leaseback transaction, selling a cultivation and processing facility in Alachua, Florida, to Innovative Industrial Properties for $23.8 million.
