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Latest In: Finance

cannabis business funding cannabis business loans marijuana loans Needham Bank XS Financial
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Marijuana financier XS Financial signs $24 million line of credit

Marijuana industry finance company XS Financial has taken out a $24 million line of credit.

News August 19
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Ascend cancels MedMen New York cannabis acquisition

Multistate cannabis company Ascend Wellness Holdings called off its tumultuous acquisition of MedMen Enterprises' New York operation, citing…

News August 18
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Marijuana retailer High Tide signs downsized CA$19 million credit facility

Canadian cannabis retail chain High Tide secured a credit facility worth 19 million Canadian dollars ($14.7 million) from…

News August 18
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Don’t let commoditization in the cannabis industry get you down

These are wonderful times for economists to fret about recession and for doomsayers to point at slowdowns, consolidation…

News August 17
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Cannabis advertising company Weedmaps lays off 10% of staff

California-based cannabis advertising giant Weedmaps said it has laid off about 10% of its workers because of a…

News August 16
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Greenlane to sell off marijuana packaging division in wake of merger

Ancillary cannabis company Greenlane Holdings plans to sell its marijuana packaging division after merging with KushCo in 2021.

News August 16
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New Jersey adult-use cannabis sales reach nearly $80M in 2nd fiscal quarter

New Jersey adult-use cannabis businesses recorded nearly $79.7 million in total sales between April 21 and June 30…

News August 15
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Curaleaf takes 55% stake in German cannabis company for 19.7 million euros

U.S. marijuana multistate operator Curaleaf Holdings signed a deal to acquire a 55% stake in German medical cannabis…

News August 11
Ceres Acquisition GreenWave Advisors Matt Karnes Parallel surterra wellness TradeInvest Asset Management William “Beau” Wrigley Jr. “Scooter” Braun
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Marijuana MSO Parallel faces financial hurdles after $1.9B SPAC deal collapses

William "Beau" Wrigley Jr. and his Parallel marijuana company face litigation over a failed merger with Scooter Braun's…

News August 8
BioSteel Canopy Growth Corp.
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Canopy reports CA$2.1 billion loss on massive cannabis unit impairments

Canopy Growth Corp. reported the worst quarterly loss in its history as the company’s "value" cannabis sales declined…

News August 5
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