POSaBit acquires Hypur’s marijuana e-commerce assets for up to $7.5 million
POSaBit Systems Corp. acquired marijuana e-commerce and compliance software assets from Hypur for as much as $7.5 million if certain benchmarks are hit.
Colorado Medical and Recreational Marijuana News
POSaBit Systems Corp. acquired marijuana e-commerce and compliance software assets from Hypur for as much as $7.5 million if certain benchmarks are hit.
Colorado-based marijuana finance company SHF Holdings, which does business as Safe Harbor Financial, agreed to settle its $64.7 million debt with Partner Colorado Credit Union.
Marijuana industry finance company Sweet Leaf Madison Capital closed a $100 million debt facility, which could be increased to $200 million.
Matthew Huron, the CEO of Colorado-based Good Chemistry Nurseries, bred his first original strains as head cultivator for Elmar Lins Compassionate Care Co-op, a San Francisco Bay Area cooperative he founded in 2000, after his father and his father’s partner were diagnosed with HIV/AIDS.
Technology company Forian said it is selling cannabis software provider BioTrack for $30 million in cash to Alleaves and exiting the marijuana industry to focus on health care.
Retail sales of legal marijuana in Colorado were worth slightly more than $139 million in December 2022, bringing the state’s medical and recreational sales total for the year to almost $1.8 billion – a significant drop from 2021’s record high.
Colorado is offering “free technical assistance and access to financing for cannabis cultivators” as part of a program to boost energy efficiency.