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Finance

M&A, capital raises, share prices, major expansions and financial analysis

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Cannabis tech company GrowerIQ wins CA$1 million government grant

By MJBizDaily Staff · September 21, 2023
Cannabis technology company GrowerIQ received a grant worth 1.08 million Canadian dollars ($790,000) to enhance its cannabis tracking system and broaden its reach as a global player in the industry. Read More

Vermont marijuana entrepreneur sues MSO Slang for fraud in merger deal

By MJBizDaily Staff · September 20, 2023

Senate cannabis banking bill unveiled with key vote expected next week

By Chris Roberts · September 20, 2023

New marijuana ETF hits the market based on rescheduling hopes

By MJBizDaily Staff · September 20, 2023

Marijuana operator Columbia Care rebrands as The Cannabist Co.

By MJBizDaily Staff · September 19, 2023

Canadian cannabis producer Canopy Growth raising $25 million

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).

September 18, 2023
Image of a pile of Canadian 100 dollar bills

Marijuana MSO Columbia Care raises $25 million in private placement

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.

September 18, 2023
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Cannabis retailer High Tide reports small loss, positive free cash flow

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.

September 15, 2023
Image of cannabis buds in the middle of Canadian cash

Cannabis producer Canopy’s subsidiary BioSteel enters ‘hibernation’ ahead of planned sale

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.

September 14, 2023
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Cannabis MSO Tilt shifts strategy, cuts costs under new leadership: Q&A with interim CEO Tim Conder

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.

September 14, 2023
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Michigan marijuana store owner convicted of federal tax evasion

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.

September 13, 2023
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Hemp-CBD firm Charlotte’s Web replaces CEO after shareholder group’s revolt

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.

September 13, 2023
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Latest News

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All U.S. Briefs Cultivation Edibles & Infused Extraction Manufacturing Medical & Recreational Packaging & Labeling Pennsylvania Retail Testing 

PA advances bill allowing marijuana growers, processors to sell direct

September 22, 2023 Chris Casacchia
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All U.S. Briefs Cultivation Legal Manufacturing Medical & Recreational Minnesota Recreational Retail 

Erin DuPree hired as 1st chief regulator for Minnesota’s cannabis industry

September 22, 2023 Solomon Israel
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All U.S. Briefs Legal Marijuana banking Medical & Recreational 

Republican marijuana banking sponsors introduce bill to halt MJ rescheduling

September 22, 2023September 22, 2023 Chris Roberts
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All U.S. Legal Manufacturing Medical & Recreational Missouri News by State Retail 

Widespread product recall upends Missouri’s cannabis industry

September 22, 2023September 21, 2023 Chris Casacchia
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Briefs Cultivation Legal Medical & Recreational News by State Recreational Retail Rhode Island 

Judge orders Rhode Island grower to halt marijuana sales amid allegations

September 21, 2023 Chris Casacchia
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