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NYSE aims to boot CannTrust after concluding cannabis producer ‘no longer suitable for listing’

The New York Stock Exchange's regulatory enforcement arm has initiated the delisting process for CannTrust after concluding the Canadian cannabis producer "is no longer suitable for listing."

News March 31
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Comp tables as of March 30, 2020: Multiples expand as US estimates decline

These comp tables provide a benchmark for private investors to evaluate existing and future investments, a way for companies to judge their own valuations for current and future capital raises…

News March 31
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L.A. cannabis licensing audit finds flawed process, no corruption

The marijuana business licensing round in Los Angeles last September was "confusing and prone to human error," but city regulators did not bungle the process to the point that applicants…

News March 31
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Is MedMen’s restructuring through equitized debt a template for the industry?

MedMen Enterprises is undergoing a slow-motion restructuring of its capital structure and operations in public view as its lenders, led by Gotham Green Partners, equitized the company's credit facility into something resembling…

News March 31
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New York adult-use marijuana legalization appears stalled

Recreational cannabis legalization in New York likely will be shelved for now because of the coronavirus crisis, but experts expect the legislation to be back in play later this year.…

News March 31
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Two Iowa medical cannabis dispensaries close

Two medical marijuana dispensaries in Iowa permanently closed their doors.

News March 31
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Recreational cannabis sales in three key markets still falling after initial coronavirus-related spike

Despite a couple of temporary sales spikes in recent weeks, adult-use cannabis sales in California, Colorado and Washington state are all suffering from the economic fallout surrounding the coronavirus pandemic.…

News March 31
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Colorado marijuana retailers get OK to resume in-store sales

Colorado regulators delivered good news to the state’s recreational cannabis store operators: They can resume selling their products inside their storefronts. The state Marijuana Enforcement Division (MED) bulletin informing cannabis businesses they…

News March 31
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Florida Cannabis Market Update: Stockpiling for coronavirus?

Florida cannabis total milligrams sold declined week-over-week, but we believe that is a product of panic buying because of coronavirus concerns.

News March 31
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