Canadian company Heritage Cannabis Holding Corp. struck an all-stock deal to acquire Premium 5, a producer of cannabis concentrates and vape products.
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Cannabis firms Canopy Growth, Canopy Rivers split; Rivers looks to US
Canopy Growth Corp.’s partly owned strategic investment subsidiary, Canopy Rivers, is selling some of its assets to the former and cutting ties with the company in a transaction worth nearly 300 million Canadian dollars ($232.2 million) that Rivers says will clear the path for new deals in the United States.
TerrAscend borrows $120M to make payments on marijuana acquisition
U.S. and Canadian marijuana operator TerrAscend borrowed $120 million from a syndicate of lenders to help finance earnout payments related to its acquisition of Ilera Healthcare in Pennsylvania.
Cannabis MSO Acreage appoints former top Pfizer executive as CEO
Multistate marijuana company Acreage Holdings Inc. has appointed Peter Caldini as chief executive officer.
Canadian cannabis sales pick up pace to CA$270 million in October
Canadian adult-use marijuana sales reached 270 million Canadian dollars ($211.7 million) in October as the pace of monthly sales growth accelerated to 5.1%. The monthly sales figures imply an annual run rate of roughly CA$3.24 billion for...
Ontario cannabis wholesaler hails ‘largest jump’ in legal market capture
Residents of Canada's biggest province by market size are buying more and more cannabis from the legal market, the Ontario Cannabis Store (OCS) says in a new quarterly report. Legal cannabis comprised 36.2% of all marijuana purchases in Ontario for the quarter...
Aphria and Tilray to merge, creating CA$5 billion global cannabis giant
Canadian cannabis companies Aphria and Tilray on Wednesday announced plans to merge, a transaction that would create a giant international marijuana firm with combined equity value of approximately 5 billion Canadian dollars ($3.9 billion).
Cannabis retailer Fire & Flower reports net loss on growing revenue
Fire & Flower Holdings Corp., a major Canadian marijuana retail chain, reported 33.1 million Canadian dollars ($26 million) in revenue for the quarter ended Oct. 31. The retailer's third-quarter income represents 15.8% revenue growth over...
Marijuana MSO Cresco Labs doubles loan size to $200 million
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and boosted the size of the debt funding to the maximum $200 million. The Chicago-based company secured an initial $100 million loan from a syndicate...
Marijuana businesses must perfect customer experience for coronavirus-spurred preorders
This spring, the coronavirus pandemic turned the traditional retail model on its head—and marijuana retailers and dispensaries were no exception.
Canada launches new cannabis consultations on beverages, labeling and research
Canada’s federal cannabis regulator is launching new consultations that signal future changes to marijuana possession equivalency limits, including higher possession caps for cannabis beverages.
Cannabis firm LeafLink raises $40 million to fund expansion
Cannabis wholesaling platform LeafLink announced new funding worth $40 million from a Series C investment round.
