Marijuana MSO Ascend Wellness borrows additional $36.5 million
Marijuana multistate operator Ascend Wellness Holdings tacked on $36.5 million of additional borrowing to its existing senior secured credit facility.
Can DEA-backed cannabis growers strike gold via drug development?
The cannabis industry hit a possible milestone in March when Bright Green Corp., a Florida company with “conditional” approval from the U.S. Drug Enforcement Administration to grow marijuana for research purposes, applied to list on the Nasdaq stock exchange.
But the move also highlights the lofty – some say unrealistic – financial ambitions of such companies.
Several states still in play to legalize marijuana through legislatures
More than a half-dozen states remain in play to potentially legalize medical or recreational marijuana through their legislatures this year, with much of the activity focused along the East Coast.
Florida CBD franchiser SunFlora used deceptive trade practices, lawsuit claims
CBD product manufacturer and franchiser SunFlora has been accused of deceptive trade practices by several business partners in Pennsylvania, according to a new lawsuit filed against the company in federal court.
Pennsylvania’s massive marijuana vape recall spurs two lawsuits
Two lawsuits have been filed over Pennsylvania’s immense medical marijuana vape cartridge recall ordered in February by the state health department.
Cresco’s marijuana asset sales could hit $500 million after Columbia Care deal, analysts say
Cresco Labs is expected to sell off $250 million-$500 million worth of marijuana cultivation and retail licenses largely to meet state license limits as part of its planned $2 billion acquisition of rival Columbia Care.
Cresco Labs to buy rival marijuana MSO Columbia Care in $2 billion deal
Major multistate cannabis operators Cresco Labs and Columbia Care said Wednesday they have agreed to combine in a blockbuster deal worth roughly $2 billion, with Chicago-based Cresco set to acquire New York-headquartered Columbia.
