Sales, Funding & Banking News

Why financing is a key hurdle for California cannabis firms – and forcing some to the black market

California’s newly regulated marijuana market is the biggest in the world, but not everyone seeking to do business there can acquire the tools to even break in, let alone succeed. Many cannabis business owners are encountering a lack of funding opportunities, curbing their ability to thrive and forcing some to operate in the illicit market, […]

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Seattle-based GRN Funds to provide cannabis banking solutions in Florida

It looks as if Florida’s medical marijuana businesses may soon have a new banking option. Seattle-based GRN Funds is planning to provide banking services starting Aug. 16 to the Sunshine State’s medical marijuana treatment centers and ancillary marijuana businesses that successfully complete its application process, the investment bank’s CEO, Justin Costello, told Marijuana Business Daily. […]

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Cannabis boom or bust: How US firms could be affected by Canada’s adult-use market

It’s crunch time for Canada’s cannabis companies as they hustle to prepare for the October launch of the country’s legal recreational market. South of the border, everyone tied to the legal marijuana scene is watching closely to gauge whether this historic milestone might translate into an economic boom for U.S. firms as well. Tremendous opportunities […]

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Marijuana M&A activity spikes as some cannabis pioneers cash out

Merger and acquisition activity is accelerating across the cannabis industry as more companies land multimillion-dollar capital infusions and ink deals aimed at growing market share. The momentum is giving more company founders an opportunity to cash out at an attractive price – or leverage the deals to launch their next venture. The flurry of activity […]

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Cannabis firm Tilray outlines IPO terms ahead of listing on Nasdaq

Tilray, a Canadian marijuana company owned by Seattle private equity firm Privateer Holdings, unveiled the terms of a previously announced initial public offering. The British Columbia-based company, which filed for the IPO last month, plans to issue 9 million shares of its common stock priced between $14 and $16 (CA$18.40 and  CA$21) a share. The IPO […]

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