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US marijuana MSO Curaleaf plots $272 million hostile takeover of Aurora Cannabis
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CannTrust shipped unlicensed medical cannabis overseas
Beleaguered cannabis grower CannTrust shipped some unlicensed medical cannabis overseas, the Ontario company told Marijuana Business Daily, adding an international dimension to the Canadian company's regulatory woes.
News July 9
MJBizDaily opens nominations for inaugural Cannabis Industry Awards
Marijuana Business Daily is launching its inaugural MJBizDaily Awards to be held during MJBizCon Week (Dec. 7-13) in Las Vegas and has opened the nomination process to recognize the top businesses,…
News July 9
Marijuana company KushCo reports higher revenues, wider losses
KushCo Holdings, a California-based provider of ancillary products and services for the cannabis industry, on Tuesday reported revenues of $41.5 million for its fiscal third quarter, a 221.5% jump from…
News July 9
Surterra taps new CFO from Kellogg, continuing cannabis hiring trend
Surterra Wellness, a fast-growing marijuana company based in Atlanta, on Tuesday announced it hired a highly paid executive from the Kellogg Co. as chief financial officer. Fareed Khan, the latest…
News July 9
Green Growth acquires multistate marijuana firm Moxie in $310 million deal
Green Growth Brands, a cannabis company based in Ohio, agreed to pay $310 million in stock for multistate operator Moxie.
News July 9
Why the quality of earnings is critical in cannabis M&A
Since most businesses are purchased as a multiple of earnings (expressed as earnings before interest, taxes, depreciation and amortization, or EBITDA), the seller has substantial motivation to get those earnings…
News July 9
Metrics that Matter: Not All Earnings are Equal in Cannabis
The focus on earnings is a normal function of everyday operations for any successful business. However, since every dollar added to EBITDA can bring back a substantial return in valuation…
News July 9
Chart: Diversification enhances profitability of marijuana product manufacturers – to an extent
Makers of cannabis products are more likely to turn a profit if they offer merchandise across multiple categories - but that profitability declines if a manufacturer produces too many types…
News July 9
Canadian marijuana firm Sundial, California’s KushCo seek Nasdaq listings
Sundial Growers, a Canadian cannabis company, and California-based KushCo Holdings have applied to be listed on the Nasdaq.
News July 8
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