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Week in Review: CannTrust considers its options, Cresco rebrands, Harvest’s cannabis regulatory tumult & more

Published August 2, 2019 | By Marijuana Business Daily staff

Troubled CannTrust hires an adviser to explore a possible sale, Cresco rebrands its dispensaries, Harvest Health & Recreation hits some regulatory snags in Pennsylvania and Ohio – and more of the week’s top marijuana business news. Amid turbulence, CannTrust seeks ‘strategic alternatives’ To cap off a rough-and-tumble month for Canadian marijuana producer CannTrust Holdings, the company’s board […]

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California’s enforcement efforts against illicit marijuana market having a so-so impact for legal businesses

Published August 1, 2019 | By John Schroyer

Raids, arrests, seizures and fines have caught the attention of the California cannabis industry in recent months, as the state’s legal marijuana market continues to grapple with financial challenges caused by business lost to the state’s enormous number of illicit MJ companies. How big a hit to the bottom line are licensed marijuana firms taking […]

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Deal Watch: Hemp, infused products and devices see notable gains in M&A activity

Published August 1, 2019

While overall merger and acquisition investment in the North American cannabis industry has been far outpacing that of 2018, several sectors have posted notable increases so far this year.

Three sectors – hemp, infused products and extracts, and consumption devices – have seen M&A activity values at $1.42 billion this year.

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Antitrust issues weigh on US cannabis stocks, but is it enough to unravel deals?

Published July 31, 2019 | By Nick Thomas

The U.S. cannabis industry has seen billions of dollars of acquisitions in recent months, attracting scrutiny from federal trustbusters examining whether planned purchases could quash competition in the emerging marijuana industry. The U.S. Department of Justice’s review of the deals – including those involving Chicago-based Cresco Labs (CSE: CL; OTC: CRLBF) and Arizona-based Harvest Health & Recreation (CSE: HARV; OTC: […]

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Chart: Cannabis investors shift from loan financing to equity investment

Published July 30, 2019 | By Maggie Cowee

Cannabis investors are changing their investment strategy in a bid to capture higher returns, shifting away from extending loans to companies in favor of investing in their shares. As the perceived risk of investing in the cannabis industry recedes, investors see more upside from investing in cannabis companies’ stock and are less interested in loan […]

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Week in Review: US Congress mulls milestone cannabis bills, on-premise MJ edibles moves in Alaska & more

Published July 26, 2019 | By Marijuana Business Daily staff

A milestone U.S. marijuana reform bill is introduced in Congress, experts suggest cannabis banking changes at the federal level remain a long shot, Alaska’s capital city approves an ordinance permitting customers to consume cannabis edibles inside licensed retail establishments – and more of the week’s top marijuana business news. Key member of U.S. House introduces sweeping cannabis […]

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CannTrust chaos continues with ousting of CEO, chairman resignation

Published July 25, 2019 | By Matt Lamers

Ontario, Canada-based licensed producer CannTrust fired its chief executive, Peter Aceto, “with cause” Thursday amid an ongoing scandal involving unlicensed cannabis cultivation that has enveloped the marijuana industry in Canada for weeks. The company also demanded, and received, the resignation of its longtime chairman, Eric Paul. “The investigation into the company’s noncompliance with Health Canada regulations […]

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