Florida-based marijuana multistate operator Trulieve Cannabis closed on two commercial loans in December worth gross proceeds of $90.4 million, including a five-year arrangement for $71.5 million and a 10-year loan worth $18.9 million.
Heritage Cannabis Holdings Corp. is raising up to $20 million from Obsidian Global Partners by way of an equity line of credit agreement in which Obsidian will purchase shares of the Canadian marijuana company in private placements over time – when Heritage wants it to.
Mississippi signed a five-year agreement in which Texas-based Tyler Technologies will provide a platform to help state regulators process medical cannabis business applications and assorted registrations.
West Virginia’s potential $40 million medical marijuana program finally is set to launch Friday with the opening of the state’s first dispensary by multistate giant Trulieve Cannabis.
