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 […]
Category: Marijuana Sales, Funding & Banking News
Cannabis sales records smashed or set in 2020, and insiders expect the gains to continue
The COVID-19 outbreak that began about a year ago has proved devastating for many mainstream industries – including airlines and restaurants, for […]
California trade group offers marijuana banking services through credit union
The California Cannabis Industry Association (CCIA) on Tuesday unveiled a new partnership with North Bay Credit Union under which CCIA-member marijuana companies […]
Strong demand drives up Oregon’s wholesale cannabis prices in 2020
Increased consumer demand for cannabis in Oregon helped push wholesale prices in the state out of a three-year slump caused by overproduction. […]
Marijuana MSO Cresco inks $213M all-stock deal to expand into Florida
Marijuana multistate operator Cresco Labs entered a definitive agreement to acquire Bluma Wellness for $213 million in an all-stock transaction in a […]
Cannabis MSO MedMen raises $10M to aid financial-turnaround effort
Multistate cannabis operator MedMen Enterprises said Tuesday it raised $10 million in capital by amending a senior secured debt facility led by […]
Marijuana MSO Curaleaf borrows $50 million via 3-year credit facility
Massachusetts-based multistate marijuana company Curaleaf Holdings is borrowing $50 million by way of a three-year secured revolving credit facility. The loan, announced […]
Want to sell your marijuana business? Here’s how to get it ready for sale
Acquisitions remain a key strategy for companies looking to enter or expand their reach within the marijuana s industry, but sellers must […]
Oregon marijuana sales reach record $1 billion-plus in 2020
Recreational cannabis sales exceeded $1 billion in Oregon last year, coinciding with the coronavirus pandemic outbreak and mirroring record-high sales in other […]
How Trichome Financial acquired and restructured troubled marijuana producer JWC
A recent acquisition and restructuring deal using Canadian insolvency law demonstrates that even struggling, deeply indebted marijuana producers can be revitalized, an […]