International Marijuana Business News

Aurora Sky cannabis facility’s price tag soars to CA$150 million

The cost to build Aurora Sky – one of the biggest cannabis facilities in Canada – has jumped to 150 million Canadian dollars ($115 million), Aurora Cannabis said in a regulatory filing released this week alongside its earnings report. That’s a substantial increase from May 2017, when the company estimated the cost of the project […]

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Weekly Deal Watch: Cannabis real estate a hot target for investment

Cannabis real estate is attracting early money from investors, as funds continue to “bet” on this part of newly legal markets. This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves.

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Marijuana retailer Green Growth Brands gets CA$85 million from upsized raise

Ohio-based cannabis retailer Green Growth Brands has raised 85 million Canadian dollars ($65.6 million) in a private placement – capital the firm will use to go public in Canada and expand internationally. The raise exceeded the firm’s initial target of CA$55 million. Increased investor interest fueled the boost, the company said Tuesday. Green Growth is […]

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Medical marijuana demand, imports continue to climb in Germany

While Germany is on track to become one of the largest federally legal medical marijuana markets in the world, a lack of publicly available data on consumption makes it difficult for companies to assess the actual market opportunities. Unlike Health Canada, German authorities don’t publish centralized statistical information of the number of patients or amount […]

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Multistate marijuana firm Acreage to go public in Canada via reverse takeover

Acreage Holdings, a multistate cannabis company based in New York, is planning to go public in Canada via a reverse takeover, becoming the latest U.S. marijuana business to get its shares listed north of the border through an RTO. Acreage is seeking to trade on the Canadian Securities Exchange after taking over Toronto-based Applied Inventions […]

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Northern Mariana Islands governor signs landmark adult-use cannabis law

A tiny group of islands in the western Pacific took its place in history Friday when the governor signed a bill to legalize recreational marijuana, making it the first U.S. territory to do so. Gov. Ralph D.L.G. Torres of the Northern Mariana Islands (CNMI) signed the bill, passed by the territory’s Congress earlier this year, but not […]

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Medical marijuana firm raises $15M ahead of Australian Stock Exchange listing

An Australian medical marijuana company raised $20 million Australian dollars ($14.6 million) in its initial public offering and will begin trading Friday on the Australian Stock Exchange. Melbourne-based Althea Group will use the proceeds to fund a cannabis production facility, the Australian Associated Press reported. The company sold its shares for 20 Australian cents apiece, giving […]

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Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 14, 2018)

This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week ended Sept. 14, 2018. Capital raises key takeaways:  Multistate cannabis retailer Have a […]

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Canadian cannabis firm Captor pays $6M to acquire a fourth California dispensary

Captor Capital, a vertically integrated Canadian marijuana company, acquired Chai Cannabis, a medical and recreational cannabis store in Santa Cruz, California, for roughly $6 million. The acquisition adds a fourth California retail shop to Captor’s investment portfolio, which includes two MedMen-branded dispensaries, according to a news release. Chai also possesses a license permitting cannabis delivery […]

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Feds grant UC San Diego cannabis import license for product from Canada’s Tilray

In a rare move, the U.S. Drug Enforcement Administration approved the importation of marijuana extracts from Canada for a clinical trial, a decision that paves the way for additional research into the potential medical benefits of cannabis. New research into medical marijuana could persuade more U.S. physicians to recommend the drug, which could provide a boost […]

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