The $2.1 million, approved by the state’s Controlling Board, is needed to cover legal costs from lawsuits brought by companies denied medical marijuana cultivators’ licenses.
More details on the loan and the lawsuits can be found here.
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Investor Intelligence
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Comp Tables as of Feb. 24, 2020: Multiples compress
February 25, 2020Florida Cannabis Market Update: Smokable form share gains
February 25, 2020 -
Catalyst Calendar: Feb. 24, 2020
February 24, 2020MDCL unveils team + upcoming plans, secured real estate loans versus sale-leasebacks & debunking bombastic claims
February 21, 2020Colorado Cannabis Market Update: Slowing growth is no cause for concern
February 21, 2020 -
2020 Cannabis Investing Outlook
February 19, 2020Comp Tables as of Feb. 18, 2020: Multiples rise as estimates decline
February 18, 2020Nevada Cannabis Market Update: State sales data through Nov. 2019
February 18, 2020 -
What do Acreage’s moves to leverage international brand rights mean for Canopy & Constellation?
February 18, 2020Florida Cannabis Market Update: Trulieve’s THC share offsets CBD losses
February 17, 2020Catalyst Calendar Feb. 17, 2020
February 17, 2020
News Briefs
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Marijuana information firm Leafly closes Germany operation
February 21, 2020Alberta cannabis cultivators eligible for agriculture grants
February 20, 2020Peru sells out of medical cannabis
February 20, 2020Canadian beer sales continue slide in face of rising cannabis sector
February 18, 2020New Zealand hosts medical cannabis workshops for industry, aboriginal stakeholders
February 17, 2020Canadian cannabis firm Canopy sees stock soar on revenue growth
February 14, 2020Canadian cannabis company Invictus granted creditor protection
February 13, 2020 -
Aurora Cannabis reports steep loss, production drop and higher costs
February 13, 2020Berlin-based Sanity raises $22 million in Europe’s ‘largest cannabis financing round’
February 11, 2020Ontario weighs cannabis consumption lounges, special-occasion permits
February 10, 2020Public comment period opens for Trinidad and Tobago’s cannabis law
February 4, 2020Aurora to resume medical cannabis sales in Germany
February 3, 2020 -
Australia expedites review of medical cannabis product Epidiolex
January 30, 2020Australia to wrap up CBD review by March
January 29, 2020Cannabis-focused mutual fund, ETF to close
January 28, 2020New Zealand’s adult-use cannabis referendum is set for September
January 28, 2020TerrAscend ends $33.5M acquisition of Nevada marijuana properties
January 27, 2020
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