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California marijuana grower Canndescent closes $10M raise to boost output
Canndescent, a major California cultivation company, has closed a $10 million Series B offering to finance the launch of new products and expand its production capacity by some eightfold. The…
News January 25
Maricann plans to acquire Swiss hemp grower for 8 million Swiss francs
Ontario-based Maricann plans to acquire a hemp farm in Switzerland for 8 million Swiss francs ($8.5 million), making the Canadian medical marijuana producer the latest to seek a toehold in the…
News January 25
Privateer sets milestone for US marijuana industry with $100 million raise
Seattle-based Privateer Holdings, which has long been setting benchmarks for capital raises in the marijuana sector, has established a new standard – and demonstrated that at least some deep-pocketed investors…
News January 25
Nevada shuts down fourth marijuana testing lab
Citing a "zero-tolerance policy," Nevada regulators have suspended the licenses of four of the state's nine testing labs since July.
News January 24
Canadian marijuana company nets CA$10M through crowdfunding effort
A Canadian cannabis company has upped the amount of money it raised through a new crowdfunding method aimed at smaller investors, bringing in over 60% than initially reported.
News January 24
California cannabis farmers sue state over loophole allowing multiple licenses
The California Growers Association has filed a lawsuit against the state’s Department of Food and Agriculture for allowing companies to own multiple licenses and operate major grows. According to The…
News January 24
Aurora, CanniMed agree to CA$1.2B merger, creating one of world’s largest marijuana companies
A hostile takeover attempt turned friendly Wednesday when two of Canada’s largest marijuana producers agreed to bury the hatchet and combine their operations to become one of the world's largest…
News January 24
Canopy aims to have recreational marijuana outlets open in Canada by summer
Canopy Growth has become the first major licensed producer of medical marijuana in Canada to announce plans for its own stand-alone retail recreational cannabis outlets. The Smiths Falls-based company aims…
News January 24Medical cannabis laws led to 15% drop in alcohol sales, study shows
With the rise of medical marijuana in the United States, alcohol businesses have taken a hit. And the two very well may be correlated, according to a new study. The…
News January 24
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