Ancillary Marijuana Companies News

Marijuana group 4Front secures $50 million loan to help build facilities

Phoenix-based 4Front Holdings, a vertically integrated cannabis group, has secured a $50 million loan to help it build cultivation and production facilities connected with the company’s expected merger with Cannex Capital. The deal with Vancouver, British Columbia-based Cannex is awaiting final approval from U.S. antitrust authorities. The resulting combined entity is to be named 4Front […]

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US DOJ: Cannabis staffing firm employee cannot file for bankruptcy

The U.S. Justice Department said an Oregon woman who works for a marijuana staffing agency can’t use bankruptcy protection because of her firm’s cannabis ties. The Wall Street Journal reported the department’s decision is part of the DOJ’s larger policy to impose the federal marijuana ban on individuals whose income is connected to the cannabis […]

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Health Canada: No ‘advance notice’ for new infused marijuana products allowed

Companies hoping to bypass or shorten the “60-day rule” requirement to notify Canadian regulators of new cannabis products will be out of luck, according to the country’s regulatory body. That’s going to give businesses more time to build up inventory and establish sales infrastructure – heading off some of the bottlenecks and distribution problems Canada saw […]

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Multistate cannabis operator Vertical closes $58 million Series A funding round

Los Angeles-based Vertical Companies – a vertically integrated multistate cannabis firm – closed a $58 million Series A funding to build out the company’s footprint and bring its brands to market. The company originally targeted a $20 million funding but boosted that to $35 million in late 2018 because of investor demand. The $35 million […]

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CEO of company bought by PepsiCo invests in, joins board of cannabis tech firm Seedo

The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]

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Ancillary marijuana companies hit by declining economies pivot to emerging MJ markets

Tumbling wholesale cannabis prices in some markets are devastating plant-touching operators and generating negative fallout for ancillary companies that provide services and products to those businesses. In order for supplementary companies such as accountants, consultants and security firms to continue to grow and maintain healthy revenue streams, some owners are looking to emerging cannabis markets […]

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