TerrAscend Corp. is the latest marijuana multistate operator to announce a plan to stop paying taxes owed under Section 280E of the Internal Revenue Code, and an executive hinted at the company’s legal basis for doing so.
TerrAscend expects $26 million…
TerrAscend
Canopy Growth, others formed JV ‘solely’ to pump marijuana stock, refiled CA$500 million lawsuit alleges
A high-stakes lawsuit that Canopy Growth and other Ontario, Canada, cannabis companies had hoped would disappear along with their ill-fated PharmHouse joint venture has been revived and refiled. The new lawsuit seeks 500 million Canadian dollars ($394 …
TerrAscend Canada cannabis gummy recall affects over 330,000 units
Cannabis producer TerrAscend Canada has recalled more than 330,000 units of THC-infused gummies in relation to possible mold contamination. The recall of TerrAscend’s Haven St.-brand Rise No. 570 Wild Berry THC Infused Gummies was initially annou…
Cannabis firms Canopy Growth, Canopy Rivers split; Rivers looks to US
Canopy Growth Corp.’s partly owned strategic investment subsidiary, Canopy Rivers, is selling some of its assets to the former and cutting ties with the company in a transaction worth nearly 300 million Canadian dollars ($232.2 million) that Rive…
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…
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 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, …