Cannabis producer Hexo reports CA$1.1 billion loss for year
Quebec-based cannabis producer Hexo Corp. reported a net loss of 102.4 million Canadian dollars ($75 million) for its…
News November 1
Latest In: Finance
Cannabis financier SHF Holdings buys fintech firm Abaca for $30 million
Colorado-based cannabis-focused finance company SHF Holdings said it is spending $30 million in a cash-and-stock deal to acquire…
News October 31
Toronto exchange OK with Canopy’s US cannabis plan despite Nasdaq objection
The chief executive of the Toronto Stock Exchange has suggested that Canopy Growth's proposed structure to speed its…
News October 28
Marijuana MSO Verano refinances $350 million credit facility
Marijuana multistate operator Verano Holdings refinanced its existing $350 million credit facility from cannabis industry real estate lender…
News October 27
Hemp product manufacturer Bloomios acquires gummy maker for $23.5 million
California-based Bloomios, a white-label and private-label hemp product manufacturer, acquired gummy maker Infusionz for $23.5 million.
News October 27
Cannabis producer Cronos fined CA$1.3 million by Ontario securities regulator
Canadian cannabis producer Cronos Group has been slapped with sanctions, including an administrative penalty of 1.3 million Canadian…
News October 27
Debt financing eclipses equity in US marijuana cultivation and retail fundings
Capital raises in the U.S. marijuana industry are down nearly 65% this year versus 2021, but lower stock…
News October 27
Nasdaq objects to Canopy plan to consolidate US cannabis revenue
The Nasdaq stock exchange objects to Canopy Growth’s plan to eventually consolidate the financial results of Canopy USA,…
News October 26
Ex-CBD executive lied about Walmart, military deals to boost stock, SEC says
A former CEO of a publicly traded CBD beverage company lied to investors and the public about distribution…
News October 26
Cannabis MSO Acreage borrows up to $50M more from AFC Gamma, Viridescent
Cannabis industry real estate lenders AFC Gamma and Viridescent Realty Trust amended their late 2021 loan agreement with…
News October 26
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