Chicago-based multistate cannabis operator Cresco Labs priced an overnight marketed share offering, designed to raise roughly $125 million, at 16 Canadian dollars ($12.56) per share. The offering of Cresco’s Canadian subordinate voting shares was…
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Marijuana MSO Cresco inks $213M all-stock deal to expand into Florida
Marijuana multistate operator Cresco Labs entered a definitive agreement to acquire Bluma Wellness for $213 million in an all-stock transaction in a move to expand into Florida’s fast-growing medical cannabis market. Bluma, under its operating su…
New York’s Gov. Cuomo Wants Marijuana Legalization In 2021
New York’s Gov. Cuomo Wants Marijuana Legalization In 2021
Under the Governor’s proposal, a new Office of Cannabis Management would be created to oversee the new adult-use program.
The post New York’s Gov. Cuomo Wants Marijuana Legalization…
New York’s Gov. Cuomo Wants Marijuana Legalization In 2021
New York’s Gov. Cuomo Wants Marijuana Legalization In 2021
Under the Governor’s proposal, a new Office of Cannabis Management would be created to oversee the new adult-use program.
The post New York’s Gov. Cuomo Wants Marijuana Legalization…
How the Georgia Runoffs Could Shape Cannabis Reform
How the Georgia Runoffs Could Shape Cannabis Reform
The races’ results are expected to impact an array of Biden policy initiatives, including cannabis reform.
The post How the Georgia Runoffs Could Shape Cannabis Reform appeared first on The Fresh Toa…
Coronavirus Spike Creates Risk For Cannabis MSOs
Coronavirus Spike Creates Risk For Cannabis MSOs
Large-scale dispensary shutdowns could completely derail the Biden-elect momentum from November, so MSO investors should continue to monitor the situation closely.
The post Coronavirus Spike Creates Risk…
Marijuana MSO Cresco Labs doubles loan size to $200 million
Multistate marijuana operator Cresco Labs has extended the maturity of a senior secured loan and boosted the size of the debt funding to the maximum $200 million. The Chicago-based company secured an initial $100 million loan from a syndicate of lender…
Cannabis Investment Boom: Its Existence Is Up For Debate, Say Industry Insiders
Cannabis Investment Boom: Its Existence Is Up For Debate, Say Industry Insiders
The market’s varied views cast a layer of uncertainty every investor must assess before taking the plunge.
The post Cannabis Investment Boom: Its Existence Is Up For Debat…
Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner
Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Growing markets lift multista…
Drop in political funding by MPP illustrates shift toward marijuana trade groups, MSOs
The Marijuana Policy Project has long been a leader in funding cannabis reform at the state and federal levels, but the current election season demonstrates that MPP’s role is shifting in a significant way – toward a more collaborative posi…