Acreage Holdings, a multistate cannabis company based in New York, is planning to go public in Canada via a reverse takeover, becoming the latest U.S. marijuana business to get its shares listed north of the border through an RTO. Acreage is seeking to trade on the Canadian Securities Exchange after taking over Toronto-based Applied Inventions […]
Read MoreCanada Marijuana News
Medical marijuana firm raises $15M ahead of Australian Stock Exchange listing
An Australian medical marijuana company raised $20 million Australian dollars ($14.6 million) in its initial public offering and will begin trading Friday on the Australian Stock Exchange. Melbourne-based Althea Group will use the proceeds to fund a cannabis production facility, the Australian Associated Press reported. The company sold its shares for 20 Australian cents apiece, giving […]
Read More
Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 14, 2018)
This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week ended Sept. 14, 2018. Capital raises key takeaways: Multistate cannabis retailer Have a […]
Read More
Canadian cannabis firm Captor pays $6M to acquire a fourth California dispensary
Captor Capital, a vertically integrated Canadian marijuana company, acquired Chai Cannabis, a medical and recreational cannabis store in Santa Cruz, California, for roughly $6 million. The acquisition adds a fourth California retail shop to Captor’s investment portfolio, which includes two MedMen-branded dispensaries, according to a news release. Chai also possesses a license permitting cannabis delivery […]
Read More
Feds grant UC San Diego cannabis import license for product from Canada’s Tilray
In a rare move, the U.S. Drug Enforcement Administration approved the importation of marijuana extracts from Canada for a clinical trial, a decision that paves the way for additional research into the potential medical benefits of cannabis. New research into medical marijuana could persuade more U.S. physicians to recommend the drug, which could provide a boost […]
Read More
Leafly plans to delist unlicensed marijuana businesses in Canada
Leafly, one of the biggest marijuana retail listing sites in North America, will allow only licensed cannabis companies in Canada to list on its platforms once adult-use MJ becomes legal next month. Canadian regulations permit only licensed retailers and delivery services to advertise on technology platforms, Leafly said in a news release. Beginning Oct. 17, […]
Read More
Cannabis firm Tilray cuts ties with Namaste Technologies following pledge party
A reportedly racy shareholder party hosted by Namaste Technologies has cost the Toronto company its business ties with fast-growing cannabis producer Tilray.
Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste after a highly publicized “pledge party” the firm held for stockholders who promised not to sell company shares for 90 days.
Read More
Capitalizing on the CBD surge.