Massachusetts-based multistate marijuana company Curaleaf Holdings is borrowing $50 million by way of a three-year secured revolving credit facility. The loan, announced Monday, will "be used to fund capital expenditures to support future...
Solomon Israel
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How Trichome Financial acquired and restructured troubled marijuana producer JWC
A recent acquisition and restructuring deal using Canadian insolvency law demonstrates that even struggling, deeply indebted marijuana producers can be revitalized, an important development at a time when many Canadian cannabis companies are floundering.
Canopy boosting Ontario presence with nine new Tokyo Smoke stores
Canopy Growth plans to open nine new cannabis stores in Ontario in January under its Tokyo Smoke brand, growing its retail presence in Canada’s largest adult-use marijuana market, the company announced Friday.
Cannabis producer WeedMD shutters Bowmanville, Ontario, facility
Canadian marijuana producer WeedMD is closing a facility in Bowmanville, Ontario, in order to centralize medical cannabis distribution at its site in Aylmer, Ontario. WeedMD "has offered relocation and severance packages, where applicable, to...
Cannabis MSO Curaleaf seeks to raise CA$275 million through share offering
Multistate cannabis operator Curaleaf Holdings priced a new offering of 16.5 million subordinate voting shares in a bid to raise 275.6 million Canadian dollars ($216.6 million).
Zenabis, in cannabis merger talks, calls out Sundial over alleged takeover try
Troubled Canadian marijuana company Zenabis Global said it has entered exclusive merger talks with "another significant licensed cannabis producer." Zenabis, based in Vancouver, British Columbia, said it wouldn't disclose further details. [include_post...
Maine medical cannabis rules would require track-and-trace for caregivers
Proposed rules for Maine’s medical cannabis program would require registered MMJ caregivers to use the state’s inventory tracking system.
Industry should crack down on labeling before it damages consumer perceptions, Whole Foods co-founder says
John Mackey knows all about building a fringe business into a thriving mainstream brand. The CEO and co-founder of Whole Foods Market saw an early opportunity in natural and organic foods, growing a small store in Austin, Texas, into a global natural foods leader that...
Aurora Cannabis breach exposes personal data of former, current workers
A data breach at Aurora Cannabis has exposed the personal information of an unknown number of the Canadian company's current and former employees, Marijuana Business Daily has learned. An email sent to a victim of the data breach cites a Dec. 25 "cybersecurity...
Rhode Island gets 45 applications for medical cannabis dispensary licenses
Rhode Island’s medical marijuana program received 45 applications for a lottery to operate six new dispensaries in the state, according to the state’s Office of Cannabis Regulation.
Cannabis firm Canopy Growth sues GW Pharma, claiming patent infringement
Canadian cannabis producer Canopy Growth Corp. is suing Britain’s GW Pharmaceuticals in U.S. federal court, alleging that GW is knowingly infringing upon Canopy’s intellectual property.
Cannabis workers in Pennsylvania ratify UFCW union contract
Employees at Pennsylvania cannabis company CannTech voted to ratify a union contract with the United Food and Commercial Workers International Union (UFCW) Local 1776.
