curaleaf

European cannabis producer raises $20 million

Published December 21, 2020

Emmac Life Sciences, a European vertically integrated cannabis producer, said it raised 15 million pounds ($20 million) via an issue of convertible loan notes. The Dec. 16 issue “saw strong support from existing shareholders, with Measure 8 Venture Partners, Emmac’s largest existing cash investor, leading the round with a significant investment,” according to a news […]

Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner

Published November 25, 2020 | By Jeff Smith

Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.

Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Published November 12, 2020 | By Jeff Smith

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]

Chart showing marijuana sales, especially the flower category, growing in Nevada

Nevada marijuana market regains footing after strict COVID-19 restrictions, fewer tourists

Published October 29, 2020 | By Bart Schaneman

Nevada’s recreational marijuana sales have largely recovered, having slumped in the spring from some of the strictest coronavirus shutdown measures in the nation and dwindling numbers of tourists visiting Las Vegas. Industry officials link the rebound to robust demand from local residents and improved business practices that arose as a necessity during the shutdown, including […]

Drop in political funding by MPP illustrates shift toward marijuana trade groups, MSOs

Published October 26, 2020 | By John Schroyer

The Marijuana Policy Project has long been a leader in funding cannabis reform at the state and federal levels, but the current election season demonstrates that MPP’s role is shifting in a significant way – toward a more collaborative position with industry trade associations and large MJ companies. That’s clear just by looking at the […]

Impending adult-use marijuana program will test ‘made in Vermont’ ethos

Published October 14, 2020 | By Jeff Smith

Vermont’s new recreational cannabis program is projected to generate roughly $250 million in annual sales by the middle of the decade, but homegrown companies might find themselves pitted against larger out-of-state businesses. Three medical cannabis businesses – including multistate operators Curaleaf and iAnthus Capital Holdings – are poised to take advantage of a five-month head […]

Adult-use marijuana legalization in New Jersey expected to ignite domino effect

Published September 28, 2020 | By Jeff Smith

Billions of dollars in business opportunities are riding on whether New Jersey residents legalize a recreational cannabis market in November. A recreational marijuana industry in New Jersey itself – with a population of nearly 9 million people – would reach $850 million-$950 million in sales a year by 2024, according to a Marijuana Business Daily […]

Curaleaf rises to the top of US marijuana industry with footprint covering about two dozen states

Published August 26, 2020 | By Jeff Smith

Massachusetts-based Curaleaf has become one of the largest multistate cannabis operators in the United States by adopting a broad-market approach – with scores of cultivation, processing and dispensary facilities now stretching across 23 states. The diversified approach comes at a time when other multistate operators have retrenched and refocused operations, in part to conserve cash […]

US marijuana companies outperform Canada’s to erase discount in second-quarter earnings season

Published August 19, 2020 | By Michael Regan

The stocks of U.S.-focused operators have rallied while Canada-focused operators have underperformed in the second-quarter earnings season, closing the valuation gap on enterprise value-to-2021 sales. The rally in the United States bodes well for the thawing of the capital markets for U.S. operators – at least for those that can show strong and profitable revenue […]

Final medical marijuana dispensary opens in Connecticut

Published July 27, 2020

Connecticut’s 18th and final medical cannabis dispensary opened its doors in a steadily growing market that exceeds $125 million in annual sales. Herbology opened Thursday in Groton, according to The Day in New London. The dispensary’s owner, Chicago-based Grassroots Cannabis, saw its acquisition by Massachusetts-based Curaleaf recently finalized. The Connecticut dispensaries are enjoying increasing demand […]

Week in Review: Nevada’s tough cannabis compliance, Arizona’s fight over adult-use legalization, FDA’s CBD guidance & more

Published July 25, 2020 | By Bart Schaneman

Nevada regulators came down hard on marijuana business CWNevada for a number of violations, stripping the company of 14 licenses for such issues as not paying taxes or complying with the state’s seed-to-sale tracking system. MJBizDaily takeaway: This severe punishment not only sent a harsh message to the owners of CWNevada but also to the […]

Investment firm sues for $11.7 million in connection to marijuana merger

Published July 24, 2020

A California investment firm claims it is owed $11.7 million in consulting fees for introducing the predecessor of Massachusetts marijuana multistate operator Curaleaf to an Oregon vape oil company. Beverly Hills, California-based Arcadian Capital argues in a federal court lawsuit that it is owed 3% of Curaleaf’s recent $390 million acquisition of Portland-based Cura Partners, […]