A large Canadian pension manager unloaded some cannabis investments over the past couple years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission…
Cannabis Industry & Marijuana Business Briefs
Missouri pushes back deadline for medical cannabis businesses to open
Missouri regulators have extended the deadline for the state’s medical marijuana companies to open after the bulk of them failed to meet the one-year operating cutoff.
Missouri pushes back deadline for medical cannabis businesses to open is a post from…
Marijuana MSO Verano raises CA$100 million, announces Arizona acquisition
Chicago-based multistate marijuana firm Verano Holdings raised slightly more than $100 million Canadian dollars ($79.7 million) through a bought deal private placement of special warrants. Underwriters led by Beacon Securities and Canaccord Genuity agr…
Two Missouri medical cannabis applicants win permits after court battle
A pair of medical cannabis license applicants in Missouri will be able to do business in the state after winning a protracted court battle. The Missouri Administrative Hearing Commission awarded Heya Kirksville and Heya Excello medical cannabis cultiva…
Canadian marijuana firm Canopy Growth files $2 billion shelf prospectus
Canadian marijuana producer Canopy Growth filed a preliminary short-form base shelf prospectus enabling the company to raise up to $2 billion (2.5 billion Canadian dollars) in one or more series or issuances of securities over a 25-month period. It sig…
Aurora says its Danish cannabis has reached German pharmacies
A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first time – a milestone years in the making. The German distribution comes before the products…
Marijuana packaging firm KushCo raises $40 million in direct stock offering
California-based marijuana company KushCo Holdings said it expects to net about $40 million from the sale of securities in a direct offering to investors. The provider of packaging and other ancillary products to the cannabis industry said it will use …
Cannabis MSO Green Thumb Industries raises $56 million in US share sale
Chicago-based multistate cannabis operator Green Thumb Industries raised roughly $56 million from selling shares in the United States. Green Thumb (GTI) accepted offers to purchase 1.6 million subordinate voting shares for $35.50 per share. The sale is…
Virginia OKs smokable flower in move that could spur medical marijuana sales
Virginia lawmakers overwhelmingly passed legislation that would allow smokable marijuana flower sales later this year, a reform that will dramatically boost sales in the state’s nascent medical cannabis market. Flower sales often account for roughly 50…
Attorney general nominee Garland signals friendlier marijuana stance
The U.S. marijuana industry will likely have a friendlier attorney general if President Joe Biden’s pick, Merrick Garland, is confirmed as the head of the Department of Justice – based on comments the federal judge made Monday during his co…