alcohol All U.S. Bill Newlands Briefs Canada/International Canopy Canopy Growth Corp. Canopy USA Constellation Constellation Brands David Klein finance New York recreational stocks

Constellation Brands converts shares in cannabis operator Canopy, departs board

Beverage alcohol company Constellation Brands has converted its shares in Canadian cannabis company Canopy Growth Corp. into new exchangeable shares.
Constellation Brands converts shares in cannabis operator Canopy, departs board is a post from: MJBizD…

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Cannabis tech company Agrify to be acquired by Nature’s Miracle

Cannabis production technology company Agrify Corp. is being acquired by controlled environment agriculture tech firm Nature’s Miracle Holding in a deal that values Agrify’s equity at roughly $6.3 million.
Cannabis tech company Agrify to be acquired by…

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Canopy stockholders OK share structure for US marijuana holding company

Shareholders of Canadian cannabis company Canopy Growth Corp. have voted in favor of a new exchangeable share structure meant to enable Canopy’s planned entry into the American marijuana market via a U.S.-domiciled holding company, Canopy USA.
Canopy s…

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Marijuana firm Village Farms regains Nasdaq compliance; Weedmaps loses it

Marijuana company Village Farms International is back in compliance with Nasdaq rules; Weedmaps parent company WM Technology is noncompliant.
Marijuana firm Village Farms regains Nasdaq compliance; Weedmaps loses it is a post from: MJBizDaily: Financia…

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Tilray lowers expectations for 2024, eyes Canada tax savings

Tilray lowers expectations for 2024, eyes Canada tax savings is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Marijuana ETF shutting down not long after launch

Marijuana sector exchange traded fund Subversive Cannabis ETF will close down as of March 28, only half a year after launching.
Marijuana ETF shutting down not long after launch is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for …

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Cresco posts $180 million full-year net loss as it looks to new cannabis markets

Cresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse.
Cresco posts $180 million full-year net loss as it looks to new cannabis markets is a po…

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Israel’s IMC looks to spin out, sell cannabis unit in pivot to biotech sector

IM Cannabis Corp. is proposing a reverse merger with Israeli biotechnology firm Kadimastem in which it would spin out – and potentially sell – its existing medical marijuana operations in Israel and Germany.
Israel’s IMC looks to spin out, sell c…

Briefs Canada cultivation finance IM Cannabis Corp. international israel Kadimastem Legal Middle East stocks

Israel’s IMC looks to spin out, sell cannabis unit in pivot to biotech sector

IM Cannabis Corp. is proposing a reverse merger with Israeli biotechnology firm Kadimastem in which it would spin out – and potentially sell – its existing medical marijuana operations in Israel and Germany.
Israel’s IMC looks to spin out, sell c…

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‘Much more stable’ marijuana landscape in 2024, CEO of NewLake REIT says

This year is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.
‘Much more stab…