M&A, capital raises, share prices, major expansions and financial analysis
Canadian cannabis producer Canopy Growth Corp. entered into subscription agreements with institutional investors in a private placement offering for gross proceeds of approximately $25 million (33.8 million Canadian dollars).
New York-based marijuana multistate operator Columbia Care entered into subscription agreements with institutional investors to raise $25 million (33.8 million Canadian dollars) in a private placement.
Canadian cannabis retailer High Tide reported positive free cash flow of 4.1 million Canadian dollars ($3 million) for its third fiscal quarter of 2023, an important milestone as financing becomes harder to come by in the marijuana industry.
Struggling Canadian cannabis producer Canopy Growth Corp. is ceasing funding of its BioSteel subsidiary and plans to conduct a court-supervised sale of the brand and its property, the Ontario-based company said Thursday.
In a few short months at the helm, Tilt Holdings interim CEO Tim Conder has initiated significant cost reductions and reevaluated brand partnerships – including cutting ties with some social equity brands – while shifting focus to the cannabis company’s vape hardware business.
The former owner of a Michigan marijuana store could serve up to nine years in prison after he was found guilty by a federal court of evading income taxes and obstructing the IRS.
Hemp-CBD products company Charlotte’s Web Holdings has appointed Bill Morachnick as chief executive and board director, replacing Jacques Tortoroli, who resigned as CEO and from the company’s board.
