Employees at Pennsylvania cannabis company CannTech voted to ratify a union contract with the United Food and Commercial Workers International Union (UFCW) Local 1776. A union news release issued Wednesday did not specify the number of CannTech employe…
Pennsylvania Medical Cannabis Business & Marijuana Legal News
TerrAscend borrows $120M to make payments on marijuana acquisition
U.S. and Canadian marijuana operator TerrAscend borrowed $120 million from a syndicate of lenders to help finance earn-out payments related to its acquisition of Ilera Healthcare in Pennsylvania. The financing, announced Dec. 18, is senior secured debt…
Ayr borrows $75 million to fund marijuana acquisitions, finish facilities
Multistate marijuana operator Ayr Strategies announced a $75 million secured loan intended to fund acquisitions and complete facilities in Arizona, Ohio and Pennsylvania. Ayr, which is based in New York with offices in Toronto, said Friday that the sen…
Pennsylvania medical marijuana research venture gets OK from state
Pennsylvania regulators gave the green light to a company that intends to delve into medical marijuana research, potentially opening the door for much more industry product development. Organic Remedies has been cleared by the state health department t…
Growing markets lift multistate cannabis operator earnings as many MSOs turn the corner
Publicly traded multistate cannabis operators generally enjoyed robust third-quarter financial performances, bolstered by sizzling sales growth during the coronavirus pandemic and a focus on state markets that are growing.
Growing markets lift multista…
Cannabis MSO Jushi plans $50 million expansion in Pennsylvania
Fast-growing multistate cannabis operator Jushi Holdings said it will invest $50 million to expand its Pennsylvania cultivation and processing facility to meet increasing market demand. The Florida-based MSO plans to expand the facility in Scranton fro…
$6 billion question: Which states are likely to legalize recreational marijuana in 2021?
Recreational marijuana legalization victories at the ballot box in Arizona and New Jersey this month have set the table for adult-use legalization in a handful of nearby states in 2021 – with more than $6 billion in business opportunities possibly up f…
Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles
Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. Marijuana multistate operators are well-positioned to th…
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…
Cannabis operator TerrAscend signals profit, rising revenue for third quarter
North American cannabis operator TerrAscend expects to report a profit and strong revenue growth for its third quarter.
Cannabis operator TerrAscend signals profit, rising revenue for third quarter is a post from: Marijuana Business Daily: Financial, …