Sales, Funding & Banking News

G FarmaBrands to distribute Julian Marley’s JuJu Royal in SoCal

G FarmaBrands is partnering with Julian Marley, son of the late legendary reggae musician Bob Marley, to distribute his cannabis brand JuJu Royal to recreational shops and medical marijuana dispensaries in Southern California under the state’s newly regulated MJ market. According to a news release, California-based G FarmaBrands – through its subsidiary Finka Distribution – distributes to […]

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Toronto marijuana software startup lands $2 million

Canadian seed-to-sale software company Trellis has raised $2 million in a funding round led by Case Verde Capital, the marijuana-focused venture capital firm run by a team that includes rapper Snoop Dogg. The Toronto-based software provider, which launched in 2014 and now has customers in California and Canada, said in a news release that it […]

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How to sell your marijuana business: Q&A with GRN Funds CEO Justin Costello

Valuating a cannabis business requires coming up with creative comparisons to established industries, such as tulips and wine. That’s the space Justin Costello operates in. The CEO of Seattle-based GRN Funds, he brings years of experience making deals in the investment banking sector and said he has completed 80-plus cannabis deals.

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Canadian marijuana firms raised $165.9M via debt instruments this year – and that’s just the start

By Matt Lamers

Canadian medical marijuana companies are starting to tap debt markets in a big way to fund their explosive growth, which until earlier this year had been financed almost entirely through stock offerings.

Cannabis companies raised $165.9 million via debt instruments – including convertible bonds, debentures and term loans – through August.

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Cannabis tech company Eaze raises whopping $27 million

Eaze, a canna-centric technology company in San Francisco, has raised $27 million in Series B financing. The raise was led by Bailey Capital, according to a news release, with additional funding by DCM Ventures, Kaya Ventures and FJ Labs. Eaze’s latest funding round brings the company’s total financing to $52 million, including a $13 million […]

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Tuatara invests $3.3 million in Colorado cannabis extracts firm

Tuatara Capital, a New York-based canna-centric investment private equity fund, has invested $3.3 million in marijuana extracts company Green Dot Labs. Boulder, Colorado-based Green Dot Labs initially had sought to raise $2.6 million in its Series A round, but Tuatara supplied all of the funding – and then some – a spokeswoman for the extracts […]

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Hawaii bans cash in medical marijuana dispensary sales

Hawaii said it will be the first state to require marijuana sales to be handled without cash, saying it wants to avoid robberies and other crimes involving dispensaries. Medical marijuana dispensaries in Hawaii won’t be allowed to accept cash beginning Oct. 1 and will require people to use a debit payment app instead. The app is already an option […]

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AmeriCann gets $10M raise for Massachusetts MMJ project

Denver-based AmeriCann announced that it has secured $10 million in equity financing to help finalize the build-out of a massive Massachusetts medical cannabis cultivation operation. The financing, from Mountain States Capital, will be mostly used on the company’s “flagship project,” a 1 million-square-foot multi-building MMJ cultivation and processing center in Freetown, 47 miles south of […]

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Washington state broker aims to sell bundle of 12 marijuana retailers for up to $70M

By Bart Schaneman A dozen marijuana retail businesses in Washington state are employing an unusual strategy on the mergers and acquisitions front: package their assets together for a combination sale. In a move that’s being described as “unprecedented,” Seattle-based investment bank GRN Funds is asking $60 million-$70 million for the 12 retail cannabis firms.

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Cannabis content site raises $4.1 million with NFL legend’s help

Marijuana content website Herb has raised $4.1 million in seed funding from a group of investors that includes Hall of Fame quarterback Joe Montana. Herb – which focuses on how-to video content along with news articles and other information – has roughly 5.3 million unique viewers monthly and gets about 200 million video views per […]

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