A recent acquisition and restructuring deal using Canadian insolvency law demonstrates that even struggling, deeply indebted marijuana producers can be revitalized, an important development at a time when many Canadian cannabis companies are flounderin…
Marijuana Sales, Funding & Banking News
Columbia Care to acquire San Diego marijuana retailer for $15 million
New York-based multistate marijuana operator Columbia Care announced Thursday it struck a deal to acquire Southern California cannabis dispensary The Healing Center San Diego for approximately $15 million.
Columbia Care to acquire San Diego marijuana r…
Want to sell your marijuana business? Here’s how to get it ready for sale
Acquisitions remain a key strategy for companies looking to enter or expand their reach within the marijuana s industry, but sellers must be ready to seize such opportunities.
Want to sell your marijuana business? Here’s how to get it ready for s…
Illinois on pace to surpass $1 billion in cannabis sales for 2020
Despite 2020’s major challenges, cannabis businesses in Illinois are expected to post sales totaling more than $1 billion for the year. And 2020 was only the first year of operation for the state’s legal recreational cannabis program.
Illinois on pace …
SPACs pump hundreds of millions of dollars into US cannabis industry through acquisitions
Two cannabis special purpose acquisition companies (SPACs), Silver Spike Acquisition Corp. and Subversive Capital Acquisition Corp., recently announced deals worth more than $2 billion, while two other SPACs have an additional $280 million that must be…
Marijuana investor Casa Verde Capital closes $100 million funding round
Casa Verde Capital, a California-based marijuana investment fund launched by rapper Snoop Dogg, finalized a $100 million raise. This raise and a recent surge in M&A activity are signs of renewed investor interest in the marijuana industry. The fund…
Cannabis M&A activity intensifies as investor sentiment brightens since November election
Cannabis mergers and acquisitions are heating up, with more than $600 million worth of deals announced on Tuesday alone – and that’s on top of additional transactions unveiled since the U.S. presidential election last month. New York-based …
Cannabis MSO 4Front nets $33 million from sale-leaseback deal
Cannabis multistate operator 4Front Ventures said it has completed a sale-leaseback of cultivation and production facilities in Massachusetts and Washington state, generating $33 million to pay down debt and for general purposes. The deal is just the l…
Red White & Bloom borrows $60 million to buy Illinois marijuana grow facility
Toronto-based multistate cannabis company Red White & Bloom Brands (RWB) will purchase Illinois-based medical and recreational cultivation facility Cannabis Capital Partners Inc. for $32.5 million after borrowing $60 million.
Red White & Bloo…
Marijuana firm Verano plans to go public at reported $2.9 billion valuation
Multistate marijuana company Verano Holdings intends to go public on the Canadian Securities Exchange at a value of nearly $2.9 billion through a reverse takeover (RTO) of an existing, publicly held company, according to reports. The move comes only a …