New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn “Jay-Z” Carter in a role to foster social equity in the industry.
Can…
Marijuana Sales, Funding & Banking News
Cannabis SPAC acquires Caliva and Left Coast Ventures, hires Jay-Z
New York-based Subversive Capital Acquisition Corp., a special-purpose acquisition company, said it has acquired two California cannabis companies and hired rapper and producer Shawn “Jay-Z” Carter in a role to foster social equity in the industry.
Can…
Marijuana firm Vireo files prospectus to issue up to $200 million in securities
Minneapolis-based Vireo Health International said it has filed a preliminary prospectus in Canada to sell as much as 260 million Canadian dollars ($200 million) in securities if and when market opportunities permit. Such a shelf offering doesn’t mean a…
Marijuana operator Harvest settles dispute over Washington state assets
Multistate marijuana operator Harvest Health & Recreation said it has settled litigation in connection with the Washington state portion of an $85.8 million deal the company announced last March to buy the Seattle-based Have a Heart retail group. T…
Harvest Health sells Arkansas medical marijuana operation for $25 million
Multistate marijuana operator Harvest Health & Recreation said it has completed the sale of its Arkansas medical marijuana operations for $25 million, a move to allow the company to focus on markets such as Arizona. Arizona-based Harvest Health sai…
Pennsylvania medical cannabis operator raises $22M for expansion
Pennsylvania-based Organic Remedies plans to build out a 240,000-square-foot cultivation and processing facility in the state and three additional medical marijuana dispensaries thanks to a $22 million raise. The financing reflects how capital continue…
Private multistate marijuana giants Verano and AltMed to merge, creating 14-state operator
On Thursday, Nov. 12, get insights on cannabis investing and what the post-election investment climate looks like during MJBizCon’s Passholder Days. Marijuana multistate operator Verano Holdings on Wednesday announced a definitive agreement to acquire …
Ohio medical cannabis businesses are now on the market to highest bidders
Ohio medical cannabis businesses have begun changing hands, particularly now that a year-long waiting period for the sale of dispensaries has expired. According to the Cleveland Business Journal, at least eight licensed businesses have been purchased a…
Copperstate Farms expands its marijuana operations in Arizona
Copperstate Farms Management is expanding its footprint in Arizona through an agreement to acquire control of two licensed medical marijuana dispensaries in North Scottsdale and Tempe. The dispensaries, Level Up, were formerly the property of Los Angel…
Massachusetts recreational marijuana sales top $1B despite COVID closures
Recreational cannabis retailers in Massachusetts surpassed $1 billion in gross sales two years after the market began operating.
Massachusetts recreational marijuana sales top $1B despite COVID closures is a post from: Marijuana Business Daily: Financi…