Marijuana MSO PharmaCann raises $39.5 million through upsized debt offering
Privately held marijuana multistate operator PharmaCann raised net proceeds of $39.5 million through an upsized offering of senior secured notes.
MJBizDaily’s most-read cannabis business stories of 2021
With an ongoing pandemic, a new president and Congress and five new state cannabis markets worth a collective $5 billion, 2021 has been a year like no other for the cannabis industry.
Here’s a look back at MJBizDaily’s 10 most-read cannabis business stories of 2021.
Marijuana REIT tops 100 properties with $72 million deal
Real estate investment trust Innovative Industrial Properties said it acquired a portfolio of 27 cannabis properties in Colorado, North Dakota and Pennsylvania for $72.7 million excluding transaction costs.
Pennsylvania’s review of vaporized medical cannabis products heats up
Controversy over a Pennsylvania review of medical marijuana vape products has mushroomed, with regulators warning that some products could be removed from the shelves, grower/processors contemplating legal action against the state and 630,000-plus patients in the dark about what to do.
Why Goodness Growth moved into Maryland cannabis market + attracting investors
In November, Goodness Growth Holdings (CSE: GDNS; OTCQX: GDNSF) closed its acquisition of Charm City, a medical cannabis dispensary in Baltimore.
Pennsylvania order targeting vaporized products upends cannabis market
In an unprecedented move, Pennsylvania medical marijuana regulators are ordering every licensed grower/processor to resubmit vaporized cannabis products that contain additives for another approval – a move that experts fear could cause serious product disruptions and financial losses.
How marijuana legalization could affect cost of debt
Hydrofarm Holdings Group (Nasdaq: HYFM) agreed to acquire Illinois-based Innovative Growers Equipment (IGE), a manufacturer of horticulture benches, racking and LED lighting systems, for a total consideration of $58 million.
