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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 …

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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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Cannabis firm Agrify prices share offering to raise $75 million

Ancillary cannabis company Agrify priced an underwritten public offering to raise $75 million, less than a month after raising $54 million in an initial public offering. The Massachusetts-based developer of indoor agriculture technology will sell rough…

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JW Asset, ex-athlete launch $100M fund for marijuana minority businesses

New York fund manager JW Asset Management is teaming up with former NBA All-Star Chris Webber to launch a planned $100 million private equity fund that will invest in underrepresented marijuana entrepreneurs. A spokeswoman said $100 million is the fund…

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Oklahoma medical marijuana sales surpass $800 million for 2020

Medical marijuana sales in Oklahoma reached more than $800 million for 2020, more than twice that of 2019.
Oklahoma medical marijuana sales surpass $800 million for 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness new…

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Cannabis MSO Jushi eyes Virginia market after $58 million raise

Multistate marijuana operator Jushi Holdings closed a deal to raise $58.8 million with plans to acquire a marijuana operation in Virginia for $20 million.
Cannabis MSO Jushi eyes Virginia market after $58 million raise is a post from: Marijuana Busines…

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Aurora reports lower sales of adult-use cannabis

Aurora Cannabis sold less adult-use marijuana in its second quarter of 2021 compared to the previous quarter, but that was partially offset by growing revenue from its medical business, the Alberta-based company reported Thursday. Recreational cannabis…

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Credit union innovator to head new cannabis bank

Cannabis banking-compliance innovator Sundie Seefried is transitioning from her broader role as CEO of a Colorado credit union to a sole focus on cannabis issues. Seefried is stepping down from her longtime position as chief executive of Partner Colora…

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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…