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Cannabis awards are going mainstream. But does a win mean a sales boost?
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AFC Gamma raising $100 million to finance loans to cannabis companies
AFC Gamma priced an offering of $100 million aggregate senior notes to qualified institutional investors, the West Palm Beach, Florida-based company said Friday.
News October 29
New Frontier to acquire Skylight Health marijuana division for $8.6 million
Washington DC-based analytics firm New Frontier Data said Friday that it's agreed to acquire the marijuana division of Canadian company Skylight Health Group for $8.6 million in cash.
News October 29
2 more Illinois companies sue state over cannabis licensing process
Two companies applying for marijuana business licenses in Illinois have filed a lawsuit against the state cannabis regulator, claiming the lottery system for awarding marijuana business permits is unconstitutional, biased…
News October 29
Rhode Island issues five new medical marijuana dispensary licenses
Rhode Island officials on Friday awarded five new medical marijuana dispensary licenses to business owners through a lottery.
News October 29
Hexo’s cannabis loss improves to CA$114M, but auditor sounds warning
Canadian cannabis producer Hexo Corp.’s net loss improved to 113.6 million Canadian dollars ($92 million) in its fiscal year ended July 31, 2021, on record adult-use marijuana revenue and growing…
News October 29
‘Wunderkind’ CEO of Neptune cannabis firm granted CA$69 million in compensation over 2 years
Neptune Wellness Solutions, a Quebec-based health and wellness company involved in the cannabis industry, paid CEO Michael Cammarata almost 70 million Canadian dollars ($56.7 million) in mostly noncash compensation in…
News October 29
Marijuana companies turn to training, sommelier-like roles to stem employee turnover
Fine restaurants employ sommeliers who can tell diners just the right bottle to pair with, say, roast duck or pasta. Enter the marijuana industry’s newbie equivalent: the “ganjier,” who, like…
News October 29
Company challenges seizure of marijuana cash proceeds in Kansas
A Pennsylvania cash management company is asking a federal court to give back nearly $166,000 after law enforcement seized the money in Kansas from medical marijuana sales in Missouri.
News October 28
Nugs parent reaches deal to buy part of California cannabis cultivation facility
Los Angeles-based cultivator Cannabis Strategic Ventures signed a memorandum of understanding with Devine Solutions to purchase 10% of an indoor cannabis cultivation facility in Sacramento, California.
News October 28
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