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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…

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Illinois-based marijuana MSOs teaming up on two stores, report says

Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois. Government records show subsidiaries of both companies are the registered manage…

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Cannabis MSO Green Thumb nets $100M through initial US stock sale

Cannabis multistate operator Green Thumb Industries said it accepted an offer to sell $100 million of stock to a single institutional investor as part of a previously announced securities offering in the United States – a first for the company. C…

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Marijuana legalization momentum unstoppable, industry leaders say

The “green wave” of marijuana legalization will continue to spread across the United States in wake of the clean sweep of ballot initiative victories on Election Day, industry stakeholders said Thursday.
Marijuana legalization momentum unstoppable, ind…

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Marijuana MSO Green Thumb faces trademark lawsuit over edibles brand

Chicago-based multistate marijuana operator Green Thumb Industries (GTI) is being sued over its “Incredibles” cannabis edibles brand by Edible Arrangements, a franchisor of stores that sell bouquet-shaped fruit baskets. Edible Arrangements …