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
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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
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
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 tech firm MassRoots entering metal-recycling business via $14M deal
Cannabis-centric social media platform MassRoots said it’s broadening its business model through the acquisition of a metal-recycling company…
News May 7
AFC Gamma lends $22M to Justice Cannabis for New Jersey operations
Marijuana industry real estate financier AFC Gamma announced a $22 million senior secured credit facility for Chicago-based multistate…
News May 7
Credit Suisse reportedly halts US cannabis stock transactions
Global investment banking firm Credit Suisse Group reportedly has told customers in recent months that it has decided…
News May 6
Cannabis producer Sundial to buy retailer Inner Spirit for CA$131 million
Sundial Growers plans to acquire Inner Spirit Holdings, a major Canadian cannabis retailer and franchisor of Spiritleaf stores,…
News May 5
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