iAnthus

New York medical cannabis company sells for $18 million in cash, stock

The latest sale of a New York state medical marijuana business license is now a done deal. iAnthus Capital Holdings on Thursday completed the acquisition of Citiva Medical, one of 10 MMJ licensees in New York, for roughly $18 million, according to a news release. New York-based iAnthus paid $3.6 million in cash plus $14.4 […]

Read More

US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

Read More

Canadian marijuana companies opening wallets to tap California market

A handful of Canadian marijuana companies are already knee-deep in California, deploying millions of dollars in cultivation facilities, retail outlets and branded products to establish a footprint in the world’s largest marijuana market. Executives at the companies – whose shares trade on the Canadian Securities Exchange (CSE) – said they hope to capitalize on: Access to […]

Read More

Canadian-listed marijuana company buys Florida MMJ license holder for $48M

A New York-based marijuana investment company used cash and its Canadian-listed shares to fund a $48 million acquisition of a licensed medical marijuana business in Florida. iAnthus Capital Holdings, an investor in U.S. marijuana businesses, bought Florida’s GrowHealthy Holdings for $30.5 million in stock and $17.5 million in cash. GrowHealthy and its affiliate, McCrory’s Sunny Hill […]

Read More

Canadian cannabis companies with US operations must disclose risks

An exchange in Canada dominated by marijuana stocks has asked listed companies with U.S. operations to publicly detail any risks they face after Attorney General Jeff Sessions’ decision to scrap protections for state-legal cannabis businesses. Richard Carleton, chief executive officer of the Canadian Securities Exchange, told Marijuana Business Daily that the exchange contacted all CSE-listed companies with […]

Read More

Uncertainty over TMX stock listing rules weighs on some Canadian marijuana companies

By Matt Lamers A lack of clarity over regulations governing Canadian marijuana stock listings with exposure in the United States has had an impact on how some of the nation’s MJ companies do business. Industry executives said the uncertainty has affected everything from innovation and employment to capital deployment and business relationships.

Read More