curaleaf

Pennsylvania approves four firms to grow cannabis for research

Published February 25, 2020

Four more medical marijuana companies – including multistate operator Curaleaf – have been approved by Pennsylvania regulators to grow MMJ that state universities can use for research. Curaleaf, which is based in Massachusetts but seeking a license to sell medical marijuana in Pennsylvania, is contracted to grow MMJ for the Perelman School of Medicine at the […]

Chart: New York’s medical marijuana program grows, but future business opportunity hinges on adult-use legalization

Published February 18, 2020 | By Maggie Cowee

While New York’s medical cannabis patient registry increased by more than 23,000 in 2019, growth has slowed significantly because of various market factors leading to a low consumer participation rate. Less than 1% of New York residents have signed on as medical marijuana patients, due in part to restrictions on cannabis product forms and limited […]

Large US cannabis companies look to debt funding versus equity and sale-leaseback deals

Published February 12, 2020 | By Nick Thomas

Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those for real estate sale-leaseback deals. Multistate operators Curaleaf, headquartered in Massachusetts, and Cresco Labs, based in Chicago, have led the way by announcing debt raises […]

New cannabis investing opportunities: Interview with Jeff Schultz, Navy Capital

Published February 1, 2020

Jeff Schultz is a partner and general counsel at New York-based investment firm Navy Capital. The company has approximately $200 million invested in the cannabis industry across about 40 different companies. About 90% of those are in the United States, with more than half being plant-touching businesses. The rest of the $200 million is split […]

Oregon marijuana firm Cura hit with record fine as sale closing nears

Published January 31, 2020

Cura Cannabis, one of Oregon’s largest marijuana companies, agreed to pay a record $110,000 penalty to the state.

Chart: Florida sales of smokable marijuana topped 22,000 pounds in less than six months

Published January 21, 2020 | By Maggie Cowee

Medical cannabis patients in Florida have embraced the addition of smokable products to their purchasing options, with more than 22,000 pounds of the product sold in less than six months. By comparison, that figure is more than three times the quantity of all medical marijuana sold in Ohio during the first 12 months of sales in […]

Multistate marijuana firm Curaleaf raises $275 million in debt

Published December 20, 2019

Curaleaf, a Massachusetts-based multistate marijuana operator, secured $275 million in debt from a syndicate of lenders. It’s believed to be the largest amount of debt ever raised in the U.S. marijuana industry. The company plans to use the money to refinance existing debt, fund previously announced acquisition expenses and capital expenditures and for general corporate […]

Week in Review: USDA issues hemp rules, Mexican recreational cannabis vote delayed, spring rollout for Michigan’s rec market & more

Published November 1, 2019 | By Marijuana Business Daily staff

The U.S. Department of Agriculture (USDA) unveils its hotly anticipated hemp regulations, Mexico’s bid to legalize recreational marijuana is delayed, sales of adult-use MJ in Michigan won’t begin until March or April at the earliest – and more of the week’s top cannabis business news. USDA rolls out hemp rules The USDA released 160 pages of […]

Curaleaf amends Cura Partners marijuana deal; antitrust hurdle cleared

Published October 30, 2019

Curaleaf, a Massachusetts-based, multistate cannabis operator, is amending the terms of its pending acquisition of Cura Partners because of changing market conditions. Curaleaf, which initially announced the proposed deal in May for an estimated price of almost $1 billion, will now issue 55 million of its shares instead of the original 95.6 million shares in the […]

Antitrust cloud lifting on cannabis M&A deals, but will some be renegotiated – or even abandoned?

Published October 24, 2019 | By Nick Thomas

The antitrust cloud hanging over several large mergers and acquisitions in the U.S. marijuana industry appears to be lifting, but its effects continue to linger and could remain a factor if the deals ultimately are renegotiated or even scrapped in a difficult funding environment. In recent weeks, a number of marijuana companies have announced that […]

Bloom Farms, Cura Partners settle marijuana lawsuit

Published October 11, 2019

California-based cannabis company Bloom Farms settled a defamation lawsuit filed by Oregon’s Cura Partners for an undisclosed sum. Neither company would disclose details of the settlement of the case filed in January in Alameda County Superior Court in California, according to multiple news reports. Cura claimed in the suit that Bloom, an industry rival, had […]

Florida’s medical cannabis industry has only one truly dominant player

Published September 11, 2019 | By Jeff Smith

Florida’s medical marijuana market is often described by industry watchers as an oligopoly – dominated by a few vertically integrated operators. But it isn’t. The reality is that the roughly half-billion-dollar market is dominated by one player – Florida-based Trulieve, which is capturing nearly 50% of all sales. No other company comes close. Experts say […]