M&A, capital raises, share prices, major expansions and financial analysis
Cannabis industry real estate investment trust Innovative Industrial Properties (IIP) announced a $40 million acquisition and leaseback deal for a Tilt Holdings marijuana production facility in Taunton, Massachusetts.
U.S. Rep. Earl Blumenauer expressed optimism Monday about the odds of cannabis banking reform finally being passed by the full Congress, citing growing bipartisan support and the increased risk of violent attacks on state-legal marijuana businesses that handle cash.
Struggling cannabis producer Aurora Cannabis reported a net loss of 1 billion Canadian dollars ($770 million) for the three months ended March 31 on plunging sales of adult-use products, bringing its loss this year to CA$1.1 billion.
Marijuana industry real estate lender Chicago Atlantic Real Estate Finance increased the size of its revolving credit facility by $20 million to $65 million.
Typically, marijuana M&A and funding move in the same direction – but not this year.
Here is a closer look at this apparent disconnect.
Vertically integrated California cannabis company Glass House Brands is acquiring three retail locations in the state from Natural Healing Center (NHC) in a deal worth more than $22.6 million.
Main Street needs to understand what Wall Street is actually talking about.
So today, I’ll explain two terms often in the cannabis news: REIT and SPAC.
