Marijuana lender Sweet Leaf Madison Capital closes $100 million debt facility
Marijuana industry finance company Sweet Leaf Madison Capital closed a $100 million debt facility, which could be increased to $200 million.
Canadian marijuana retail chain Nova reports reduced net loss for 2022
Nova Cannabis, the Canadian marijuana retailer behind the Value Buds discount chain, reported a net loss of 11.2 million Canadian dollars ($8.2 million) for its 2022 fiscal year, an improvement from a $20.6 million net loss in 2021.
Marijuana tech firm Leafly pivots from news journalism to consumer content
Seattle-based cannabis e-commerce site Leafly Holdings is pivoting away from reporting on the marijuana industry and will instead focus on providing consumer-oriented content such as information about products.
Cannabis retailer Fire & Flower ends year with CA$89 million loss
Toronto-based cannabis retailer Fire & Flower ended its 2022 fiscal year with a loss of 89.5 million Canadian dollars ($66 million), according to financial and operational results released Tuesday.
Aurora Cannabis warned by Nasdaq about low stock price
Aurora Cannabis has been notified by the Nasdaq that it does not meet the stock exchange’s listing standards after its stock price fell below the $1 minimum bid price requirement for 30 days in a row.
2nd lawsuit filed against cannabis REIT Innovative Industrial Properties
Legal woes are piling on for Innovative Industrial Properties, as another shareholder has accused the cannabis-focused real estate investment trust of misleading investors about its due diligence on a key California-based marijuana company.
Marijuana MSO TerrAscend could list on Toronto Stock Exchange by summer
Marijuana multistate operator TerrAscend Corp. could become the first U.S. plant-touching company to list on the Toronto Stock Exchange by this summer if the restructuring plan it shared with shareholders and analysts wins TSX approval.
