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Canadian cannabis retail chain High Tide secured a credit facility worth 19 million Canadian dollars ($14.7 million) from Alberta credit union ConnectFirst. The nondilutive financing was originally going...
Multistate cannabis operator Ascend Wellness Holdings called off its tumultuous acquisition of MedMen Enterprises’ New York operation, citing concerns over the state of the company’s assets. Ascend CEO...
California-based cannabis advertising giant Weedmaps said it has laid off about 10% of its workers because of a widespread slowdown in the U.S. marijuana market. “Given...
Ancillary cannabis company Greenlane Holdings plans to sell its marijuana packaging division. Greenlane intends to invest proceeds from any sale “in the company’s consumer brands business,” the...
New Jersey adult-use cannabis businesses recorded nearly $79.7 million in total sales between April 21 and June 30 of the state’s second fiscal quarter. The sales information was...
U.S. marijuana multistate operator Curaleaf Holdings signed a deal to acquire a 55% stake in German medical cannabis producer and distributor Four 20 Pharma. Curaleaf’s strategic partnership with...
In February 2021, chewing gum heir William “Beau” Wrigley Jr. and his Parallel marijuana company seemed on the verge of completing a $1.9 billion deal to go public...
Canopy Growth Corp. reported the worst quarterly loss in its history as the company’s “value” cannabis sales declined as part of its business transition to “premium”...
Scotts Miracle-Gro’s Hawthorne unit took another big hit in the company’s fiscal quarter ended July 2 because of continued oversupply in the softening marijuana industry. The Ohio-based lawn...
NewLake Capital Partners, a cannabis industry real estate investment trust (REIT), expanded its five-year revolving credit facility by $60 million to $90 million. The Connecticut-based company announced the...
