Marijuana MSO Standard Wellness secures $14M credit line to refinance debt
Marijuana multistate operator Standard Wellness Holdings has received a $14 million senior secured credit line from Advanced Flower Capital to refinance existing debt.
What’s causing the decline in M&A activity in the cannabis industry?
Mergers and acquisitions in the cannabis industry in 2024 totaled $1.169 billion, a decrease of $579 million – or 33% – from the $1.749 billion of industry M&A the previous year, according to Viridian Capital Advisors.
Marijuana sales-tax challenge heads to Missouri Supreme Court
A Missouri lawsuit challenging double taxation by local and county municipalities on marijuana sales will be heard by the state Supreme Court.
Marijuana company involved in Missouri’s huge recall loses final license appeal
Missouri marijuana processor Delta Extraction has lost its final appeal, resulting in the termination of its business license after its role in a massive 2023 product recall.
Marijuana MSO Vireo Growth raises $81M in oversubscribed funding round
Cannabis multistate operator Vireo Growth raised $6 million more than it hoped for in a private placement offering that closed Dec. 30.
Keef Brands bubbles to top of competitive cannabis beverage sector
Colorado-based Keef Brands has more than 70 SKUs – including gummies, oils and vapes – but carbonated sodas account for about 80% of the company’s sales.
Marijuana MSO Vireo Growth secures $75 million funding, acquires 4 companies
Marijuana multistate operator Vireo Growth has received $75 million in equity financing and acquired four single-state operators as well as a delivery and analytics platform.
