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Cannabis M&A activity intensifies as investor sentiment brightens since November election

Cannabis mergers and acquisitions are heating up, with more than $600 million worth of deals announced on Tuesday alone – and that’s on top of additional transactions unveiled since the U.S. presidential election last month. New York-based multistate marijuana operator Columbia Care on Tuesday announced a definitive agreement to acquire privately held Green Leaf Medical […]

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Uruguay completes another large export of high-THC flower to Portugal

Uruguay-based Fotmer completed another large export of high-THC flower to Portugal at the end of November, according to Uruguayan customs records viewed by Marijuana Business Daily. The company declared two exports, each with a value of almost $1.3 million, on Nov. 24 and Nov. 25, respectively. The new shipments are further proof that exporting flower […]

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Zenabis selling cannabis facility for half original asking price

Vancouver, British Columbia-based Zenabis Global reached a conditional agreement for the sale of its facility in Delta, B.C., for what appears to be half the original listing price. The conditional deal comes as large Canadian marijuana producers look to unload indoor and greenhouse cultivation properties to reel in industrywide excess supply. The gross purchase price […]

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Week in Review: Vermont OKs adult-use marijuana, Maine sales begin, WHO plan questioned & more

Vermont became the 11th state in the U.S. to fully legalize marijuana for adult use when Republican Gov. Phil Scott let a bill to allow recreational sales become law without his signature. MJBizDaily takeaway: Setting aside the governor’s half-hearted support, the cannabis industry can be content that Scott didn’t veto the bill the way former […]

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Aphria joins crowded German cannabis flower market; sales to start in ‘weeks’

Canadian cannabis producer Aphria is joining the increasingly competitive German medical marijuana flower market. The company said this week it completed its first shipment of dried flower to its wholly owned German subsidiary, CC Pharma GmbH. Hendrik Knopp, managing director of Aphria Germany, told Marijuana Business Daily the company expects to have products available for […]

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