Harvest closes $34.6M Florida sale-leaseback deal with marijuana REIT
Multistate marijuana operator Harvest Health & Recreation on Monday closed a sale-leaseback transaction, selling a cultivation and processing facility in Alachua, Florida, […]
Category: Cannabis Industry & Marijuana Business Briefs
Analyst warns of closures, consolidation amid Canadian cannabis glut
The Canadian cannabis industry should brace for more facility closures, bankruptcies and consolidation amid a worsening oversupply situation, Jefferies analyst Owen Bennett […]
First Big Tobacco marijuana player exits marijuana, hemp after bankruptcy
The first Big Tobacco company to make a foray into the marijuana and hemp industries is exiting both sectors in a bid to […]
Aurora Cannabis raising $125 million with eye on reducing debt
Aurora Cannabis is raising $125 million via a stock-purchase deal to finance general corporate activities, which might include “opportunistically reducing debt,” the […]
Dutch recreational cannabis experiment advances after court appeal rejected
A Dutch judge rejected on Thursday a request to annul the results of a lottery process used to select cultivators for the […]
Pyxus International divesting Canadian cannabis subsidiaries
U.S. tobacco firm Pyxus International is divesting its Canadian cannabis subsidiaries, with plans to sell off the companies and “focus on its […]
Latest Canadian cannabis recalls include melting vape pens, moldy bud
Canadian cannabis products recalled in January include defective all-in-one vape pens from Hexo Corp. as well as moldy marijuana from Saskatchewan processor […]
Czech medical cannabis sales surge, but market remains small
The Czech market for medical cannabis flower quadrupled last year compared to 2019, according to data published by the State Agency for […]
Keegan Peterson, founder/CEO of marijuana tech firm Wurk, dies at 33
Marijuana industry executive Keegan Peterson, who founded Denver HR tech company Wurk, has died at 33. Keegan Peterson, founder/CEO of marijuana tech […]
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 […]