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…
Marijuana Sales, Funding & Banking News
How passage of the SAFE Banking Act could impact cannabis businesses
The SAFE Banking Act is nearing the finish line in the U.S. Congress, and many expect it to become law sometime in the near future. The main question is when.
How passage of the SAFE Banking Act could impact cannabis businesses is a post from: Marijuan…
Colorado retail cannabis sales already eclipsing record-setting 2019
Colorado’s cannabis retailers set the record for single-year sales, surpassing 2019 numbers, and that’s with only 10 months counted.
Colorado retail cannabis sales already eclipsing record-setting 2019 is a post from: Marijuana Business Daily: Financia…
Marijuana MSO Ayr Strategies increases capital raise to $110 million
Multistate marijuana operator Ayr Strategies announced that it has increased a $75 million debt offering to $110 million because of strong demand. The funding reflects a further loosening of capital markets for marijuana companies with operations in hi…
Cannabis grow firm seeks to raise $125 million in stock offering
GrowGeneration Corp., a cannabis cultivation company that owns a chain of hydroponic garden centers, intends to raise an additional $125 million through a secondary stock offering to fuel expansion, according to a filing with the U.S. Securities and Ex…
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…
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…