acreage holdings

Acreage to buy Nevada cannabis company Deep Roots for $120 million

On the same day it announced it was being acquired by Canada’s Canopy Growth in a groundbreaking deal, New York-based marijuana firm Acreage Holdings unveiled it is buying Deep Roots, a vertically integrated cannabis company based in Nevada. The $120 million deal was secured through Acreage subsidiary High Street Capital Partners. Once all its current […]

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Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes […]

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Reports: Canopy Growth to buy Acreage Holdings, creating North American cannabis giant

Get more in-depth analysis of this deal – and others in the cannabis industry – with an Investor Intelligence subscription. Canada’s Canopy Growth is close to a deal to acquire New York-based marijuana multistate operator Acreage Holdings, multiple sources, including CNBC and Bloomberg, reported Wednesday. If true, it would be the first cross-border deal involving a Canadian marijuana licensed […]

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MA regulators investigate licensing limits of cannabis firms Acreage, Sea Hunter

Massachusetts regulators are scrutinizing whether cannabis companies Acreage Holdings and Sea Hunter Therapeutics violated state limits on how many marijuana business licenses a single entity can own, according to The Boston Globe. News of the investigation comes on the heels of a report from the newspaper that questioned whether the two companies controlled an excess […]

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Medical cannabis sales kick off in North Dakota

North Dakota’s first medical marijuana dispensary opened for business Friday in a Fargo mini-mall, but potential customer numbers remain relatively low. The state began accepting applications in October from residents for medical marijuana cards, but only 122 people were certified as of this week, according to state regulators. North Dakota expects that number to climb […]

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Craft cannabis firm Flow Kana closes record $125 million funding round

California-based marijuana producer and distributor Flow Kana closed a $125 million funding round – which appears to be the largest private funding round for a cannabis company in the United States. The previous record was held by the $119 million raise that Acreage Holdings closed in July 2018. Flow Kana’s latest funding round was led by Gotham […]

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Chart: US-affiliated medical cannabis firms led fundraising on Canadian Securities Exchange in 2018

U.S.-affiliated medical cannabis companies dominated Canadian Securities Exchange (CSE) fundraising in 2018, raising nearly $2 billion through 50 equity-related deals. As of December 2018, 47% of the 124 cannabis-related companies trading on the CSE were based in the United States or had U.S. assets or interests. Cannabis-related companies in the life sciences sector – which […]

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Chart: Multistate cannabis operators rapidly expanding into new markets

The fragmented, state-by-state nature of the marijuana industry historically has been dominated by small, local players, but larger, publicly traded companies with multistate operations are becoming an increasingly prevalent force. Rapid consolidation and expansion among cannabis companies dominated 2018 with more than 300 mergers and acquisitions and a rash of reverse takeovers that allowed U.S. […]

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Slideshow: 2018 US Cannabis Business Year in Review

2018 marked the historic legalization of recreational marijuana in Canada, the end of hemp prohibition in the United States and huge wins on Election Day for state-legal cannabis and medical marijuana initiatives across the U.S.

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Acreage inks $160 million acquisition of Oregon cannabis firm

Acreage Holdings has inked a $160 million deal to acquire Form Factory, a Portland, Oregon-based marijuana infused edibles manufacturer and distributor. The all-stock deal will boost Acreage’s footprint from 18 to 19 states and position the firm as a multistate consumer packaged goods firm, said George Allen, president of the New York-based company (CSE: ACRG.U). […]

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