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Cannabis firm iAnthus receives demand for debt repayment
Multistate cannabis operator iAnthus Capital Holdings received a demand for repayment on a secured debenture issuance as well as a notice of intention to enforce security under Canadian bankruptcy law.
News June 23
Prosecutor: AG Barr ordered politically motivated probes of marijuana mergers
A federal prosecutor will testify before members of the U.S. House of Representatives on Wednesday that U.S. Attorney General William Barr ordered “politically motivated” reviews of 10 marijuana business mergers.…
News June 23
Initial closing of $61.5 Harvest-High Times cannabis retail deal completed
Multistate operator and vertically integrated marijuana company Harvest Health & Recreation finalized a deal to sell eight California retail stores to Los Angeles-based High Times Holding. Under terms of the…
News June 23
Aurora Cannabis to close five facilities, lay off 700 staff as part of restructuring
Aurora Cannabis is shutting down five smaller production facilities and cutting roughly 700 employees as part of a corporate transformation plan over its next two quarters, with the goal of…
News June 23
Ontario cannabis market surpasses 100 retail store authorizations
Canada’s largest market for adult-use cannabis products saw its 100th retail store authorization this month, Alcohol and Gaming Commission of Ontario records show, though not all the stores are open…
News June 23
Australia reviewing ‘unlawful’ medical cannabis advertising
The regulatory body for therapeutic goods in Australia is reviewing complaints involving the noncompliant advertising of medical cannabis products. The Therapeutic Goods Administration (TGA) says it “has written to a…
News June 23
Chart: Tepid adult-use cannabis sales in Massachusetts for first week of reopening
Recreational marijuana stores reopened in Massachusetts in late May after a state-mandated, two-month shutdown in response to the coronavirus, but sales during the first week were lukewarm. Retailers across the…
News June 23
Oregon mulls banning additives in marijuana vaping products
The Oregon Liquor Control Commission, which regulates marijuana in the state, took its first step toward adopting rules that would ban non-cannabis additives from inhalable products containing THC, though MJ-derived…
News June 22
Curaleaf amends deal to acquire cannabis multistate operator Grassroots
Vertically integrated cannabis company Curaleaf Holdings revised its deal to acquire privately owned multistate operator Grassroots Cannabis. The stock and cash transaction was originally announced in July 2019 with a…
News June 22
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