Ayr Wellness is selling 4 marijuana stores in Illinois
Ayr Wellness has signed a letter of intent to sell its four marijuana stores in Illinois because the company doesn’t have the scale to compete over the long term.
Cannabis producer Organigram closes final tranche of CA$124.6M funding
Canadian cannabis producer Organigram Holdings closed on the final of three tranches of an overall investment of 124.6 million Canadian dollars (roughly $87 million) from a wholly owned subsidiary of British American Tobacco.
Marijuana finance company Safe Harbor modifies debt to increase cash flow
Marijuana industry finance company SHF Holdings, Safe Harbor Financial, has modified its debt with Partner Colorado Credit Union.
MariMed closes $11 million acquisition of Delaware marijuana company
Massachusetts-based marijuana multistate operator MariMed has closed on its $11 million acquisition of First State Compassion Center in Delaware.
Green Thumb CEO has dire outlook on federal marijuana reform prospects
Green Thumb Industries CEO Ben Kovler offered a bleak outlook on national marijuana reform and sharp criticism of federal agencies under the Trump administration during a recent earnings call.
MediPharm to sell British Columbia cannabis facility to Rubicon for $4.5M
Canadian cannabis company MediPharm Labs Corp. plans to sell its facility in Hope, British Columbia, to Rubicon Organics for $4.5 million in cash.
Massachusetts cannabis retailer owes more than $420,000 in state taxes
A Massachusetts cannabis retailer challenging the levy of millions of dollars in municipal “community impact fees” owes the state more than $400,000 in sales taxes.
