International Marijuana Business News

Medical cannabis firm Green Thumb raising $60 million in Canada to grow US footprint

Illinois-based Green Thumb Industries is planning to expand in New York and Ohio after it closes a $60 million stock-purchase deal through its Canadian-listed shares. Under the bought-deal transaction, a syndicate of underwriters will purchase 7.3 million Green Thumb shares for 11 Canadian dollars per share for gross proceeds of CA$80.3 million ($60 million), according […]

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Canada’s C21 Investments acquires Nevada cannabis business in deal topping $50M

Canada-based C21 Investments is expanding into the Nevada marijuana market through an acquisition of Silver State Relief and Silver State Cultivation, a deal that’s valued at more than $50 million. The investment, announced in a news release Monday, is the second move by C21 in what is expected to be a wave of Canadian acquisitions of […]

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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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