Why Hexo is buying 48North Cannabis for CA$50 million: Q&A with CEO St. Louis
Hexo Corp. is buying competitor 48North Cannabis Corp. in an all-stock deal worth approximately 50 million Canadian dollars…
News May 17
Latest In: Finance
Marijuana REIT to invest $67.8 million in Pennsylvania facility
Innovative Industrial Properties (IIP) and Atlanta-based multistate marijuana operator Parallel have struck another sale-leaseback deal. The San Diego-based…
News May 14
Canadian cannabis producer Hexo to enter US with Colorado facility
Hexo Corp. entered purchase and sale agreements for a 50,000-square-foot cannabis production facility in northern Colorado, marking a…
News May 14
Colorado’s first-quarter retail marijuana sales up 28% from 2020
Recreational and medical marijuana retailers in Colorado continue to break sales records. According to the latest data from the…
News May 12
Blockbuster Trulieve-Harvest deal could revive cannabis megamergers
After several months of smaller, more focused transactions, Florida-based Trulieve’s $2.1 billion deal to acquire Harvest Health &…
News May 11
Marijuana producer Pure Sunfarms reports small quarterly sales growth
Canadian marijuana producer Pure Sunfarms reported a small increase in net sales in the January-March quarter compared to…
News May 11
Verano nets $100 million in upsized loan to support cannabis moves
Illinois-based Verano Holdings entered into an amended $130 million loan agreement that provides the multistate cannabis operator an…
News May 11
Cannabis firm Tilray reports $341 million net loss in last stand-alone quarter
Tilray’s recreational and medical cannabis revenue plunged in the final quarter before its merger with Aphria went into…
News May 11
Cannabis firm Cronos’ CEO gets CA$12 million-plus in partial-year pay
Canadian cannabis producer Cronos Group paid CEO Kurt Schmidt more than $10 million (12.2 million Canadian dollars) in…
News May 10
Cannabis M&A surges in hot Pennsylvania market with $400 million in deals
Merger and acquisition activity is sizzling in Pennsylvania, with more than $400 million worth of deals announced since…
News May 10
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