Cannabis Deals News

02:14pm ET09/17/2024
Tilray Brands agreed to acquire from DDH a promissory note for $23.8 million payable by 1974568 Ontario Limited.
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12:25pm ET09/16/2024
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), the owner of RISE Dispensaries, announced on Monday a $50 million share repurchase program.The company's board of directors gave the green light to the repurchase program which authorizes, under a normal course issuer bid, the repurchase of up to 10,573,860 of its subordinate voting shares from time to time over the next 12 months.The repurchase program will commence on Sept. 23, 2024, and expire on Sept. 22, 2025. Green Thumb's previous repurchase program expired on Sept. 10, 2024, under which the company repurchased 6.5 million shares for $73.3 million.
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12:19pm ET09/13/2024
"This transaction not only ensures that CannMart is in capable hands but also allows Lifeist to sharpen its focus on our core mission of transforming human wellness," Lifeist CEO Meni Morim said.
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12:15pm ET09/13/2024
Tilray Brands acquires Atwater Brewery from Molson Coors, expanding reach in Great Lakes region and strengthening position in craft beer industry.
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02:24pm ET09/12/2024
Vertically-integrated multi-state cannabis company Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) announced on Thursday it's acquiring a Las Vegas-based cannabis dispensary.The company's wholly-owned subsidiary MM Development Company, Inc. has entered into an asset purchase agreement under which Planet 13 will acquire all assets required to operate a 3,158-square-foot Nevada dispensary.The acquisition deal also includes cannabis and non-cannabis inventory and other items along with a medical and recreational license from Exhale Brands Nevada LLC. In return, Planet 13 agreed to pay $6.9 million plus the value of the cannabis inventory. The sum is comprised of $4 million in cash payable at the time of closing and $2.9 million - plus the value of the cannabis inventory at closing - payable in the form of a secured promissory note due a year from closing an
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02:09pm ET09/12/2024
Zuanic & Associates explains how AFCG secures favorable lending terms due to limited capital access for cannabis operators.
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01:57pm ET09/12/2024
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), the owner of RISE Dispensaries announced on Thursday it has closed on a $150 million 5-year syndicated credit facility led by Valley National Bank, the principal subsidiary of Valley National Bancorp. What Happened: The notes have a maturity date of Sept. 11, 2029 and will bear interest from the date of issue at a secured overnight financing rate (SOFR) + 500 basis points, payable quarterly.The company said the transaction did not involve the issuance of any Green Thumb equity to any of the participating banks.
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