The annual MJBizCon that began Wednesday is again setting record numbers for attendance and exhibitors, mirroring the marijuana industry’s explosive growth and its bullish prospects after voters approved three new cannabis markets worth up to $2 billion. Roughly 25,000 marijuana industry professionals, investors and entrepreneurs are expected to attend the three-day conference at the Las […]
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MTech, MJ Freeway name their merged marijuana company ‘Akerna’
Denver cannabis technology business MJ Freeway and MTech Acquisition, a special-purpose acquisition firm, said their new holding company set to list on the Nasdaq will be named Akerna once their merger is completed. In a news release, Scott Sozio, CEO of MTech (Nasdaq: MTEC), said the name Akerna – with “kern” at its center – has two meanings, both […]
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Marijuana investor insights: Q&A with venture capitalist Codie Sanchez
Of all the choices cannabis investors make as they consider where to place their bets, few are more important than the deals they turn down, according to Codie Sanchez, a partner at early stage investment funds CS Ventures and Magma Partners. “In investing, you have to say no to 100 times more deals than you […]
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US cannabis retailer Green Growth Brands inks CA$30.5 million raise
Ohio-based marijuana retailer Green Growth Brands raised 30.5 million Canadian dollars ($23.2 million) in a private placement ahead of the firm’s planned trading debut in Canada later this month. The raise follows a CA$85 million private placement inked in September and brings Green Growth’s total raises to more than CA$140 million. The firm plans to use the […]
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MedMen pens $33 million deal to expand its reach in Arizona cannabis market
Los Angeles-based MedMen inked a $33 million deal to acquire an Arizona-based vertically integrated marijuana firm. The cash and stock deal will give MedMen a controlling interest in cannabis cultivator, producer and retailer Kannaboost Technology and CSI Solutions – referred to collectively as Level Up. Here are the basics behind the deal: MedMen expands its […]
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Marijuana firm Cresco Labs expands in Arizona, Illinois
Just weeks after closing a $100 million capital raise, Chicago-based Cresco Labs is growing again – this time through acquisitions in Arizona and Illinois. The multistate cannabis firm announced that it has acquired Arizona Facilities Supply, which provides management services to Encanto Green Cross Dispensary. Encanto is licensed to cultivate, process and dispense medical marijuana […]
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Marijuana firm Curaleaf makes stock trading debut in Canada with $4B valuation
Massachusetts-based Curaleaf made its trading debut on the Canadian Securities Exchange on Monday after a $400 million private placement. The multistate cannabis firm raised almost three times its initial offering target of $150 million, giving the company a valuation of $4 billion. Curaleaf, which changed its name in August from PalliaTech, is listed on the […]
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Marijuana company 4Front completes $31 million raise to fund acquisitions, expansion
Multistate cannabis operator 4Front Holdings, which plans to go public in Canada, raised $31 million in a private placement of equity securities – more than double the initial offering of $15 million, according to a news release from the company. Phoenix-based 4Front plans to use the proceeds to invest in “top-tier talent,” acquisitions and the […]
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Weekly Deal Watch: Cannabis firms hustle to expand, raise capital to support growth
Strong distribution networks are critical for future growth in the U.S. cannabis market – and firms are willing to invest in growing their networks.
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Canadian acquisition company to purchase five US cannabis firms
Toronto-based Cannabis Strategies Acquisition Corp. (CSAC) has inked a deal to acquire five U.S. cannabis firms, with plans to combine the operations. CSAC – a special purpose acquisition company that is listed in Canada (CSA/A:CN) – will pay a total of 99 million Canadian dollars ($76 million) in cash for the five companies, with plans to […]
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Canadian marijuana producer Aphria aims to list on the New York Stock Exchange
Aphria, one of Canada’s largest cannabis producers, has filed documents with U.S. securities regulators signaling its intent to list its shares on the New York Stock Exchange. If approved, the Ontario-based company will join a growing list of Canadian cannabis firms turning to the top U.S. exchanges to tap the globe’s largest pool of institutional […]
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Former PM Mulroney: ‘Others will follow’ Canada’s lead on cannabis
Former Prime Minister Brian Mulroney says other countries will follow Canada’s lead on cannabis legalization, but it will take time. On the same day Canada legalized marijuana for recreational use, Mulroney announced his intention to join the board of Acreage Holdings – one of the largest marijuana companies in the United States. Mulroney – prime […]
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10 Killer Technologies. Innovation is sweeping every sector of the cannabis industry.