TerrAscend closes $45.5 million marijuana debt financing
Multistate marijuana company TerrAscend Corp. has taken a senior secured term loan from cannabis real estate lender Pelorus Equity Group for gross proceeds of $45.5 million.
Fewer than 10% of Canadian cannabis licensees exited market, government report shows
Just under 10% of federal cannabis license holders in Canada have exited the market since legalization in October 2018, according to new government data.
New Mexico cannabis sales top $39 million in September
Cannabis sales in New Mexico surpassed $39 million in September, with recreational marijuana accounting for $24 million of that total.
Marijuana financial restatements show industry still maturing, insiders say
The marijuana industry has an accounting problem, with a number of companies correcting errors in financial statements in recent years through restatements.
Tilray reports $66 million loss as cannabis sales decline
Cannabis and alcohol company Tilray Brands lost $65.8 million (90 million Canadian dollars) in the first quarter ended Aug. 30 as net revenue declined 9% year-over-year to $153.2 million.
Aurora Cannabis repurchases $23 million worth of debt
Canadian marijuana company Aurora Cannabis reduced its debt load by repurchasing roughly 31.3 million Canadian dollars ($23 million) worth of its convertible senior notes.
Is multistate cannabis operator Ascend Wellness up for sale?
Abner Kurtin, a former CEO of multistate cannabis operator Ascend Wellness Holdings, is no longer giving interviews since transitioning to the executive chair role only days before a battery charge was dropped against him late last month.
But in a statement sent to MJBizDaily via text, he made it clear that shareholder value is top of mind.
