Ancillary Marijuana Companies

Ancillary cannabis firms Helix TCS and BioTrackTHC close merger

A deal announced in March to merge two of the bigger ancillary cannabis companies in the United States closed Friday, with Colorado-based Helix TCS acquiring Florida-based BioTrackTHC. Though terms of the deal were not disclosed, BioTrack shareholders will own 48% of Helix TCS, according to financial documents filed with the Securities and Exchange Commission in […]

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Marijuana REIT to invest $18.5M in Massachusetts cultivation facility

Innovative Industrial Properties, a San Diego real estate investment trust (REIT) serving the medical marijuana industry, is spending $18.5 million to acquire and lease out a property near Boston that will be used as an MMJ cultivation and processing facility. Innovative Industrial Properties, which trades on the New York Stock Exchange as IIPR, bought the […]

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Ancillary marijuana firm Kush Bottles to open Las Vegas distribution facility

Kush Bottles, a marijuana products distributor, is opening a distribution facility in Las Vegas to serve cannabis companies and consumers in the state’s booming recreational and medical markets. Tourism and organic growth in the Las Vegas market means some MJ businesses have difficulty predicting packaging and supply needs, the California company’s CEO, Nick Kovacevich, said in […]

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Lawsuit alleges California cannabis tech firm Eaze broke US law with marketing solicitations

One of the biggest facilitators of marijuana deliveries in California faces a possible class-action lawsuit that one Bay Area attorney says could threaten the company’s existence. Farrah Williams, of San Diego, filed suit against San Francisco-based Eaze Solutions on May 2, alleging the delivery business violated federal law by spamming her and other customers with unsolicited text-message […]

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Four marijuana firms to form multinational company, continuing industry consolidation

Consolidation continued in the cannabis industry Tuesday, with four major marijuana businesses from the United States and Canada merging to launch a multinational company with combined revenue forecast to total more than $200 million next year.

Operating under the name TILT Holdings, the new companies will include the combined operations of Baker Technologies, Sea Hunter, Briteside and Santa Veritas Therapeutics, according to a news release.

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GrowGeneration raises $10 million to bankroll cannabis-related acquisitions

GrowGeneration, a multistate operator of retail hydroponic and organic gardening stores serving marijuana growers, said it raised $10 million that it will use to purchase more businesses. The Denver company said in a news release it has more than $17 million in cash on its balance sheet and that it plans to “execute on multiple […]

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Exclusive: US marijuana sales may reach $10 billion this year, $22 billion by 2022

Retail sales of medical and recreational cannabis in the United States are expected to hit $8 billion-$10 billion this year – a nearly 50% increase from 2017 – and rise as high as $22 billion by 2022. That’s according to exclusive projections from the 2018 edition of the Marijuana Business Factbook released Wednesday at the […]

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Marijuana industry trade group to launch in Massachusetts

When it launches this month, the Massachusetts Cannabis Business Association aims to focus on issues that marijuana industry stakeholders can unite around, rather than issues that divide them. The trade group, scheduled to launch May 15, was conceived by Boston law firm Smith, Costello and Crawford, according to The Boston Globe. The Massachusetts Cannabis Business Association […]

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Marijuana Business Daily wins award for women-led companies

Marijuana Business Daily on Thursday was anointed one of the nation’s fastest-growing women-owned companies, underscoring the role of females in cannabis and the industry’s growing acceptance within mainstream circles. Marijuana Business Daily President and CEO Cassandra Farrington accepted the prize for the No. 9 spot on the list during the Women Presidents’ Organization’s 11th annual awards […]

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