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MassRoots Cannabis Media Company Issues Update on Acquisition of Empire Services
Wednesday, May 12, 2021 - 1:37pm | 332Read More...Cannabis media company MassRoots, Inc. (OTC: MSRT) is pawing its way toward acquiring Empire Services, Inc. The Norfolk, Virginia-based company announced last week that it's looking to purchase all of Empire's equity for $14 million in a primarily stock-based transaction. MassRoots said...
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Shield Finance Acquires $780k To Deliver DeFi Insurance Aggregation
Tuesday, May 11, 2021 - 10:23am | 483Read More...As the demand for insurance products for a highly volatile DeFi market grows, Shield Finance is introducing DeFi insurance aggregation via a forthcoming IDO after closing its recent private funding round from top private investors and venture capital funds. Innovative Platform Designed To Protect...
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Billion Dollar Trulieve-Harvest Cannabis Merge, Harvest's Positive Q1 Earnings
Monday, May 10, 2021 - 1:05pm | 546Read More...Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) is purchasing Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF) for roughly $2.1 billion. The move follows Trulieve's recent $6 million purchase of Mountaineer Holding LLC, a West Virginia-based vertically integrated seed-to-sale...
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Walmart Health Acquires Telehealth Provider MeMD
Friday, May 7, 2021 - 10:48am | 319Read More...Walmart Health, a subsidiary of Walmart Inc. (NYSE: WMT), has acquired the Phoenix-headquartered telehealth provider MeMD for an undisclosed sum. What Happened: Founded in 2010 by Dr. John Shufeldt, MeMD’s platform enables medical and mental health visits to five million members...
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DSV Panalpina Buys Agility's Logistics Unit For $4.1B
Tuesday, April 27, 2021 - 12:29pm | 757Read More...DSV Panalpina (DSV.C.DX) announced Tuesday it will acquire the logistics arm of Kuwait-based Agility Public Warehousing (AGLT.KW) for $4.1 billion (1.23 billion KWD). The deal will make it the third-largest freight forwarder globally. Agility's stand-alone Global Integrated Logistics (GIL) unit is...
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General Cannabis To Purchase Trees For $39.5M; Changes Name, Strengthens Retail Footprint
Thursday, April 22, 2021 - 4:21pm | 420Read More...General Cannabis Corp (OTCQB: CANN) is poised to acquire cannabis retailer Trees. Transaction Details: The Colorado-based company agreed to purchase Trees for roughly $39.5 million, with 13% of the sum to be paid in cash over the next two years. The remaining 87% of the purchase price will be paid...
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Cannabis Co. Verano Expands In Pennsylvania With $207M Acquisition Of Cultivation, Research And Retail Assetts
Thursday, April 22, 2021 - 1:47pm | 384Read More...Verano Holdings Corp. (CSE:VRNO) (OTCQX: VRNOF) is expanding its cultivation and retail footprint in Pennsylvania. The Chicago-based company opted to acquire all of the issued and outstanding equity interests in Agri-Kind, LLC, and Agronomed Holdings Inc. for $66 million in cash, $49.5 million in...
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GrowGeneration Expands In Michigan, Acquires Downriver Hydro
Tuesday, April 20, 2021 - 11:55am | 460Read More...GrowGeneration Corp. (NASDAQ: GRWG) has acquired Michigan-based Downriver Hydroponics. The deal details weren't disclosed. The indoor garden supply center in Wayne County was founded in 2011. Its annual revenues amount to roughly $10 million. The move follows GrowGen's purchase of 55...
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Jushi Enters Massachusetts, Purchasing Nature's Remedy For $110M
Monday, April 19, 2021 - 12:23pm | 421Read More...Vertically integrated, multi-state cannabis company Jushi Holdings Inc. (CSE:JUSH) (OTCMKTS: JUSHF) is purchasing Nature's Remedy for $110 million. The Boca Raton, Florida-based company agreed to acquire Nature's Remedy of Massachusetts, Inc. and its affiliates. Under the terms of the...
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Cresco Closes Bluma $213M Acquisition, Debuts In Florida Medical Cannabis Market
Thursday, April 15, 2021 - 12:38pm | 434Read More...Vertically integrated cannabis company Cresco Labs (CSE:CL) (OTCQX: CRLBF) has taken over Bluma Wellness Inc. (CSE:BWEL) (OTCQX: BMWLF) in an all-stock transaction. The Chicago-based company announced Wednesday it has closed the previously announced deal to purchase the cannabis retailer for $213...
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Canopy Growth Launches Vert, A Quebec Cannabis Brand
Wednesday, April 14, 2021 - 12:40pm | 299Read More...Canadian cannabis giant Canopy Growth Corporation (TSX:WEED) (NASDAQ: CGC) has introduced its first Quebec-exclusive brand, dubbed Vert. The brand's initial two strains are Green Cush, which is sativa-dominant, and an indica-dominant Sour Kush. They come in dried flower and pre-rolled joint...
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Cannabis Co. Verano Posts Strong 2020 Financials, Expects To Close Accretive Acquisitions In 2021
Thursday, April 8, 2021 - 12:15pm | 445Read More...Verano Holdings Corp. (CSE:VRNO) (OTCQX: VRNOF) reported Thursday its revenue amounted to $355 million in fiscal 2020, representing a 196% year-over-year increase. On an unadjusted basis and not including the impact of biological assets, gross profit was $224 million. It accounted for 63% of 2020...
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Curaleaf To Enter Europe After Closing $310M EMMAC Acquisition, $130M Financing
Wednesday, April 7, 2021 - 11:35am | 427Read More...Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX: CURLF) has purchased EMMAC Life Sciences The Wakefield, Massachusetts-based company said Wednesday it has completed the previously announced acquisition of one of the largest cannabis companies in Europe. Transaction Details: Under the deal, Curaleaf...
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Cannabis Tech Company Akerna Acquires Viridian Sciences
Tuesday, April 6, 2021 - 12:57pm | 329Read More...Cannabis-oriented compliance technology provider, Akerna (NASDAQ: KERN) has acquired Viridian Sciences. The Denver-based company said Tuesday it has closed the previously announced acquisition of the cannabis business software firm built on SAP Business One in an all-stock transaction. However, the...
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Canndoc To Purchase Better Holdings, 50% Of Cann Pharmaceutical For $35M
Monday, April 5, 2021 - 5:21pm | 333Read More...InterCure LTd. (TASE: INCR), doing business as Canndoc, is poised to acquire medical cannabis brand Better Holdings. The Israeli cannabis company inked a letter of intent to purchase 100% of Cann Pharmaceutical Ltd.'s shares, including Better’s Israel-based operations and 50% of Cann'...
