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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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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Caribbean nations consider paths to legalizing, regulating marijuana

Acknowledging the economic benefits of legalizing cannabis, Caribbean nations are looking toward reviewing marijuana’s status as an illicit drug and moving toward regulating it instead. Heads of state of the Caribbean Community (CARICOM) “have agreed that action should be taken at the national level to review marijuana’s current status with the view of reclassification,” with each country […]

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Alberta announces agreements with 13 Canadian marijuana cultivation firms

It was a busy day for the Alberta Gaming and Liquor Commission (AGLC), which announced Thursday it inked cannabis supply agreements with 13 cultivation firms. Alberta – which allows privately run cannabis retailers but will contain provincial control of cultivation – signed supply deals with: 7 Acres/The Supreme Cannabis Company ABCann Global Aphria Aurora Cannabis CannTrust […]

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