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…
Recreational Marijuana News
Canopy boosting Ontario presence with nine new Tokyo Smoke stores
Canopy Growth plans to open nine new cannabis stores in Ontario in January under its Tokyo Smoke brand, growing its retail presence in Canada’s largest adult-use marijuana market, the company announced Friday. Canopy currently has 13 Tokyo Smoke …
Cannabis producer WeedMD shutters Bowmanville, Ontario facility
Canadian marijuana producer WeedMD is closing a facility in Bowmanville, Ontario in order to centralize medical cannabis distribution at its Aylmer, Ontario site. WeedMD “has offered relocation and severance packages, where applicable, to about 2…
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…
Cannabis MSO Curaleaf seeks to raise CA$275 million through share offering
Multistate cannabis operator Curaleaf Holdings priced a new offering of 16.5 million subordinate voting shares in a bid to raise 275.6 million Canadian dollars ($216.6 million). The share offering was announced after markets closed Wednesday, with Cura…
Oregon regulators recall contaminated cannabis extracts, flower
Oregon state cannabis regulators are recalling recreational cannabis products for pesticide contamination.
Oregon regulators recall contaminated cannabis extracts, flower is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness ne…
L.A. marijuana businesses seek hearings over expired city permits
A small band of the roughly 57 companies whose marijuana business permits expired on New Year’s Eve filed a lawsuit asking a California state judge to order Los Angeles officials to conduct an appeals process or at least a hearing over their lice…
Zenabis, in merger talks, calls out Sundial over alleged takeover attempt
Troubled cannabis producer Zenabis Global Inc. says it has entered exclusive merger talks with “another significant licensed cannabis producer.” Zenabis said it wouldn’t disclose further details. Zenabis’ announcement in a Wedne…
7 regulatory-related factors for marijuana companies to consider in a debt transaction
2020 saw several high-profile debt transactions in the cannabis industry, with major companies raising hundreds of millions of dollars through such financings.
7 regulatory-related factors for marijuana companies to consider in a debt transaction is a …
South Dakota attorneys warned against working with marijuana companies
The State Bar of South Dakota ethics committee warned attorneys in the state against taking cannabis businesses as clients, which could discourage lawyers from working with the industry there.
South Dakota attorneys warned against working with marijuan…