Marijuana Stocks & Publicly Traded Cannabis Companies

American public pension funds invest in cannabis through California-based REIT

More than a dozen public pension funds are investing in marijuana through a California real estate investment trust (REIT), a sign that institutional investors wielding billions of dollars in state funds are comfortable pumping money into the cannabis industry. The public pension funds for government employees represent a broad range of states – from California, […]

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Ionic Brands buys Zoots cannabis edibles firm for $11 million

Ionic Brands paid $11 million for longtime marijuana edibles maker Natural Extractions, which does business as Zoots Premium Cannabis Infused Edibles. As part of the stock and cash deal involving two Washington state companies, Zoots’ owners receive $855,000 in cash and more than 9.6 million shares in Ionic Brands, according to a news release. Ionic, with […]

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Ello Capital launches as marijuana-focused US investment bank

Los Angeles-based Ello Capital plans “one-stop” shopping as a marijuana-focused investment bank serving cannabis companies in the United States. The company said it is filling a need for an underserved clientele with few, if any, other cannabis-focused investment banks currently operating in the U.S. It’s more common for investment banking firms, such as U.S.-based Cowen […]

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Former MedMen executives join high-profile marijuana companies

Two more MedMen executives have left the California-based company for other cannabis industry jobs: Toronto-based Flower One Holdings announced that Kellen O’Keefe, ex-MedMen senior vice president of business development, joined its team as chief strategy officer. Meanwhile, Acreage Holdings, a New York-based multistate operator, announced it hired MedMen’s former senior vice president of technology, Alfred Miranda, as its […]

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Arcview deal highlights increased institutional involvement in cannabis

The acquisition of Oakland, California-based The Arcview Group boasted a relatively small price tag, but the impact to the cannabis industry as a whole might be more substantial than the $7.7 million sum. The deal was structured as a Series A funding but was effectively a takeover by the main investors, Trivergance and Cresco Capital […]

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Curaleaf agrees to acquire marijuana giant Grassroots for $875 million

Massachusetts-based Curaleaf, a cannabis company with a market cap of about $3.6 billion, on Wednesday agreed to buy privately owned Grassroots Cannabis for $875 million in stock and cash. Curaleaf said the transaction – $75 million of it is in cash, the rest in stock – “solidifies” its position as the world’s largest marijuana company in […]

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Canadian marijuana firm Organigram reports improved quarterly revenues, net loss

Organigram, a Canadian cannabis producer that trades on a major U.S. exchange, reported net revenues of 24.8 million Canadian dollars ($18.6 million) for the fiscal third quarter ended May 31, up from CA$3.44 million in the same period last year. Net loss for the quarter for the New Brunswick-based company was CA$10.2 million, compared with […]

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Jushi closes $63 million Pennsylvania deal for medical cannabis dispensary space

Jushi, a Florida-based marijuana company, closed an agreement to acquire Pennsylvania-based Franklin Bioscience in a $63 million deal. The purchase price for Franklin, which holds licenses for up to 12 medical marijuana dispensaries in Pennsylvania, is a combination of cash, debt and stock. Jushi entered into various acquisition agreements since it started trading on Canada’s […]

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Green Growth acquires multistate marijuana firm Moxie in $310 million deal

Green Growth Brands, a cannabis company based in Ohio, agreed to pay $310 million in stock for multistate operator Moxie. Moxie is based in Long Beach, California, but sells both recreational and medical cannabis products from 250 retail outlets and dispensaries in five states. Green Growth, which is headquartered in Columbus but largely focuses on […]

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