Cannabis REIT NewLake expands credit facility from $30 million to $90 million
NewLake Capital Partners, a cannabis industry real estate investment trust (REIT), expanded its five-year revolving credit facility by $60 million to $90 million.
Nevada cannabis producer Flower One extends maturity date for $6M in debt
Nevada cannabis cultivator producer company Flower One Holdings amended the terms of a short-term debt agreement to extend the maturity date to the end of this year.
Marijuana MSO Verano to restate financials from five previous quarters
Marijuana multistate operator Verano Holdings said it must restate five quarterly financial statements dating back to March 31, 2021, and that all of its disclosures and investor presentations since then “should therefore no longer be relied upon.”
Longtime California cannabis company reaches tax payment deal with IRS
StateHouse Holdings, formerly known as Harborside, agreed to a payment plan with the IRS to settle a $22 million federal tax bill.
Canadian cannabis company Tilray posts $434 million net loss for 2022
Canadian cannabis and alcohol company Tilray Brands posted a $457.8 million net loss for its fourth quarter and a $434 million net loss for its 2022 fiscal year.
Why a well-crafted mission statement is vital to your cannabis company
While every organization has a mission, not so many recognize its value and fewer articulate it.
Hawthorne buys Flowr’s cannabis research facility for CA$16 million
Hawthorne Canada completed the purchase of The Flowr Corp.’s Kelowna research and development facility for 15.9 million Canadian dollars ($12.4 million), the companies announced Wednesday.
