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Weekly Deal Watch: Busiest week of the year for publicly traded cannabis M&A
With 11 deals closed, last week was the busiest so far this year for M&A deals involving publicly traded cannabis companies.
News April 11
Oregon lawmakers reject plan to restrict recreational cannabis supply
The Oregon Senate shot down a plan to limit the state’s supply of legal, adult-use marijuana, which would have benefited cannabis companies with an established foothold in the state. The…
News April 10
Cannabis M&A fever spreading to Europe with HolyWeed deal
Toronto-based marijuana company MPX International has agreed to purchase all outstanding shares of Swiss CBD maker HolyWorld SA in an all-stock transaction worth 13 million Canadian dollars ($10 million). HolyWorld…
News April 10
Canadian cannabis extracts industry set to ‘explode this fall’
The marijuana extraction sector in Canada is still in “the early innings” and poised for significant growth after the federal government legalizes concentrates and edibles later this year, according to…
News April 10
MI House panel OKs bill to close unlicensed medical marijuana dispensaries
Some Michigan lawmakers want to close unlicensed medical cannabis dispensaries once and for all and are pushing legislation for those businesses to get permitted or shut their doors by June…
News April 10
Attorney General Barr: US law protecting state-legal marijuana trumps current situation
U.S. Attorney General William Barr might be warming to the idea of a federal law that protects state-legal cannabis programs, a development that could provide a notable boost to federal…
News April 10
Harvest Health to buy CannaPharmacy, expand cannabis operations
Phoenix-based Harvest Health & Recreation agreed to acquire CannaPharmacy, a vertically integrated marijuana company operating in four Northeastern states. Terms were not disclosed, and a Harvest spokesman confirmed the deal…
News April 10
California statewide marijuana delivery survives assembly bill vote, but cities’ lawsuit still a threat
At a packed hearing Tuesday, a California legislative committee killed a measure aimed at overturning a controversial policy that allows licensed cannabis companies to deliver product anywhere in the state.…
News April 10
Marijuana packaging group KushCo to restate financial results, report fiscal Q2 2019
KushCo Holdings, a California-based cannabis packaging company, said it is restating its results from both fiscal 2018 and 2017 to reflect accounting errors stemming from previous acquisitions. The result is…
News April 9
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