Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by Gotham Green Partners. That facility and other debt amendments announced at the same time will dilute the va…
Marijuana Stocks & Publicly Traded Cannabis Companies
Vireo closes $4 million purchase of Nevada cannabis production facilities
Cannabis multistate operator Vireo Health said it has finally closed on a 2018 deal valued at $4 million to purchase four Nevada marijuana production licenses. According to a news release, the permits are only for cultivation and manufacturing and won&…
California marijuana firm Harborside, co-founder Steve DeAngelo cut ties
One of the most high-profile marijuana businessmen in the industry, Harborside co-founder Steve DeAngelo, is no longer formally affiliated with the Oakland, California, company he helped start in 2006. Neither Harborside nor DeAngelo gave any specific …
As more marijuana firms go public, feds urge SPACs to beef up disclosures
U.S. securities regulators are urging special purpose acquisition companies, or SPACs, to strengthen disclosures related to potential conflicts of interest, compensation incentives and other critical information for investors. The guidance this week fr…
MPX, iAnthus tangle in NJ court as adult-use marijuana launch draws near
A judge issued a preliminary ruling in favor of a New Jersey medical marijuana company in its legal tangle with New York-based multistate operator iAnthus. MPX NJ, which received one of only 12 vertical MMJ licenses in the state, sued iAnthus last week…
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…
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 …
Schwazze acquires six Colorado cannabis stores for $37 million
Schwazze, a Denver-based cannabis company, on Monday said it acquired six retail outlets from Colorado competitor Star Buds in a cash and stock deal worth $37.1 million. The deal announced Monday was a partial step toward completing a $118 million acqu…
Marijuana MSO MedMen fights to turn around finances, but challenges linger
Financially strapped MedMen Enterprises is showing modest improvement, raising the possibility that the California-based multistate marijuana operator has hit bottom and is beginning to benefit from its restructuring and turnaround plan. But huge chall…
Cannabis MSO Acreage names former top Pfizer executive as CEO
Multistate marijuana company Acreage Holdings Inc. has appointed Peter Caldini as chief executive officer.
Cannabis MSO Acreage names former top Pfizer executive as CEO is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news…