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Deal Watch: Cannabis M&A deals slow in September

The breakneck pace of completed mergers and acquisitions in the marijuana industry may be coming to an end.

News October 11
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Who’s shooting for – and missing – the moon?

With the massive guide-down miss by Hexo and The Green Organic Dutchman's backing away from 2020 guidance, we are witnessing a resetting of especially aggressive revenue-growth expectations in the cannabis…

News October 11
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Bloom Farms, Cura Partners settle marijuana lawsuit

California-based cannabis company Bloom Farms settled a defamation lawsuit filed by Oregon’s Cura Partners for an undisclosed sum.

News October 11
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Cannabis company Hexo’s stock craters on bad news

Days after Hexo's CFO resigned, the marijuana company announced a huge miss to fiscal fourth-quarter revenue and withdrew its 2020 revenue guidance.

News October 11
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Final draft of Mexico’s bill to legalize cannabis expected Oct. 17, senator says

The Mexican Senate’s parliamentary commissions of justice, health and legislative study had a special joint meeting to provide updates on the upcoming legalization of marijuana. During the meeting, Senator Julio Ramón Menchaca…

News October 11
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Nevada governor forms marijuana task force to attack corruption

Nevada Gov. Steve Sisolak on Friday announced he is creating a multi-agency task force to “root out corruption or criminal influences” in the state’s legal cannabis market, spurred by federal…

News October 11
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‘It’s confounding’: Former Nova Scotia premier wants Ottawa to fix cannabis banking problems

Former Nova Scotia Premier Darrell Dexter is calling on the federal government to address banking issues stymieing legal marijuana businesses across Canada. Almost one year into adult-use legalization, cannabis entrepreneurs and…

News October 11
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Hexo’s terrible, no good, very bad week

Days after Hexo's CFO resigned, the company announced a huge miss to fiscal fourth-quarter revenue and withdrew its 2020 revenue guidance.

News October 11
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55 finalists announced for inaugural MJBizDaily Awards honoring cannabis companies, executives

Cultivator of the Year. Regional Game Changer. Community Impact. These are just some of the categories for which the editorial team of Marijuana Business Daily vetted more than 670 entries…

News October 11
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