Arizona Medical Cannabis Business & Marijuana Legal News cannabis acquisitions Cannabis Industry & Marijuana Business Briefs Illinois Medical Cannabis Business & Marijuana Legal News Marijuana Sales, Funding & Banking News Pennsylvania Medical Cannabis Business & Marijuana Legal News United States Cannabis Industry & Marijuana Business News Verano Holdings

Cannabis MSO Verano to expand in 3 states via deals exceeding $100M

Cannabis multistate operator Verano Holdings announced agreements to acquire a total of nine operating retail outlets or licenses in Arizona, Illinois and Pennsylvania for nearly $100 million in cash and tens of millions of dollars more in stock. The t…

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Marijuana MSO Verano raises CA$100 million, announces Arizona acquisition

Chicago-based multistate marijuana firm Verano Holdings raised slightly more than $100 million Canadian dollars ($79.7 million) through a bought deal private placement of special warrants. Underwriters led by Beacon Securities and Canaccord Genuity agr…

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Illinois-based marijuana MSOs teaming up on two stores, report says

Competing multistate marijuana companies Green Thumb Industries and Verano Holdings have quietly joined forces to operate two dispensaries in their home state of Illinois. Government records show subsidiaries of both companies are the registered manage…

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Cannabis MSO Verano announces $100M subscription receipt financing

Multistate cannabis operator Verano Holdings raised $100 million in subscription receipt financing in connection with a reverse-takeover deal that will see the company go public on the Canadian Securities Exchange. The Chicago-based firm, which current…

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Marijuana firm Verano plans to go public at reported $2.9 billion valuation

Multistate marijuana company Verano Holdings intends to go public on the Canadian Securities Exchange at a value of nearly $2.9 billion through a reverse takeover (RTO) of an existing, publicly held company, according to reports. The move comes only a …