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MedMen's New York Subsidiary Gets $73M From Ascend Wellness To Repay Debt
Friday, February 26, 2021 - 12:05pm | 250Read More...MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) confirmed Friday its subsidiary in New York will obtain a $73 million investment from Ascend Wellness Holdings LLC, a multi-state cannabis operator. “We believe the proposed transaction will bring fresh capital and a new perspective to New...
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Cronos Group Posts Earnings Report, Rolls Out 'Happy Dance' At ULTA Beauty Stores
Friday, February 26, 2021 - 12:00pm | 482Read More...Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) released Friday its fourth quarter and full-year 2020 financial results with a yearly net loss of $75 million, compared to a net income of $1.1 million in 2019. Full Year Results Consolidated net revenue for the full year reached $46.72 million —...
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Exclusive: Cannabis Fund Rainbow Realty Raises $47M, Including $10M From CrowdStreet
Friday, February 26, 2021 - 8:00am | 379Read More...Rainbow Realty Group (RRG), a real estate investment firm focused on the U.S. cannabis industry, has completed a $47 million fundraise, Benzinga has learned. Of that total, $10 million was raised from nearly 200 individual investors via CrowdStreet, a real estate investing online...
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Indus Holdings Buys Lowell Herb And Hacienda Assets For $39M, Confirms Name Change
Thursday, February 25, 2021 - 2:19pm | 525Read More...Indus Holdings Inc. (OTCQX: INDXF) will buy Lowell Herb Co., a California-based organic cannabis brand, in a $39 million cash and stock deal. The Salinas, California-focused cannabis company confirmed Thursday it will acquire all of the Lowell Herb and Lowell Smokes brands, including...
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MJ Holdings To Buy Cultivation And Production Licenses For 'The Farm'
Thursday, February 25, 2021 - 12:51pm | 328Read More...MJ Holdings Inc. (PINK: MJNE) agreed to buy two cultivation and two production licenses, and transfer the proper licenses to its land. A provider of management and consulting services to cannabis enterprises previously signed a letter of intent in regards to licenses purchase and has now progressed...
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PharmaCann Opens New Verilife Dispensary In Illinois
Thursday, February 25, 2021 - 12:41pm | 229Read More...Cannabis company PharmaCann Inc. will open a new Verilife retail store on Feb. 27. The new store — located in Rosemont's Parkway Bank Park Entertainment District — is the company’s fifth Verilife dispensary in Illinois. Other Verilife dispensaries in the Prairie...
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Regulatory Update: Alabama, New York, New Mexico, Arizona, Morocco
Thursday, February 25, 2021 - 12:21pm | 1000Read More...Alabama Legalizes Medical Marijuana Alabama has legalized medical marijuana. The state’s Senate approved the bill, sponsored by Sen. Tim Melson, in a 21-8 vote on Wednesday. The bill was approved by the state’s Senate committee earlier this month and sent to the full floor for review....
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Premium: NBA Legend Chris Webber's $100M PE Fund Offers 'A Seat At The Table'
Wednesday, February 24, 2021 - 6:07am | 512Read More...On the heels of launching a $100 million private equity cannabis fund, five-time NBA All-Star Chris Webber and JW Asset Management head Jason Wild spoke to Benzinga to discuss the importance of their endeavor as well as what's to come in cannabis and beyond. Scroll down to watch the ...
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Former Eaze Chief Pleads Guilty In Case Involving Cannabis Credit Card Payments
Tuesday, February 23, 2021 - 5:30pm | 227Read More...Former Eaze Technologies Inc. CEO Jim Patterson has pleaded guilty to one count of conspiracy to commit bank fraud. Patterson attempted to deceive banks into processing more than $100 million worth of credit and debit payments for cannabis-related purchases, according to Law360. A trial is...
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GrowGeneration Buys San Diego Hydroponics & Organics, Amasses 55 Garden Centers
Tuesday, February 23, 2021 - 1:47pm | 338Read More...GrowGeneration Corp. (NASDAQ: GRWG) bought San Diego Hydroponics & Organics, a four-store chain of organic, hydroponic and aquaponics garden centers in San Diego, California. The acquisition price wasn’t disclosed. GrowGen is getting closer to reaching its goal of running a total of 55...
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Cannabis Regulatory Update: Virginia, North Dakota, South Dakota Timeline
Tuesday, February 23, 2021 - 1:38pm | 623Read More...Virginia Says Yes To Smokable Cannabis Flower Sales Lawmakers in Virginia voted for the legislation that enables the sale of smokable cannabis flower. (h/t Marijuana Business Daily) This should help advance the sales in the market, as flower sales usually stand for 50% of market sales. Considering...
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This Cannabis ETF Focused Only On Domestic Securities Has Surpassed $1B In AUM
Tuesday, February 23, 2021 - 12:18pm | 352Read More..."There's a lot of excitement surrounding the cannabis investment space right now and for a variety of a reasons," Dan Ahrens says. Ahrens is the portfolio manager AdvisorShare Pure US Cannabis ETF (NYSEARCA: MSOS), the first U.S.-listed ETF that concentrates only on...
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Gaard Labs Launches Several Lines Of CBD Products In The Big Apple
Tuesday, February 23, 2021 - 11:48am | 254Read More...Cannabinoid company Gaard Labs confirmed on Wednesday the launch of several CBD product lines. "As a Manhattan native, it's a privilege to launch our brand from New York City," Steven Levy, Co-founder of Gaard Labs stated. The New York City-based company partnered...
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Harvest Health & Recreation Continues Divestiture Spree, Sells North Dakota Assets
Monday, February 22, 2021 - 2:20pm | 288Read More...Cannabis company Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF) has finalized another divestiture of its dispensary assets, this time in North Dakota. The medical marijuana dispensaries, one in Williston, the other in Bismarck, were sold for...
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International Cannabis Update: Germany Record Imports, Thailand Encourages Cultivation, Norway Drug Decriminalization
Monday, February 22, 2021 - 2:07pm | 683Read More...Germany Imports Record Volume Of Cannabis Flower During the last quarter of 2020, Germany has imported the record amounts of cannabis flower (on a quarterly basis) or 3,264 kilograms. (h/t Prohibition Partners) For the full 2020, the country has brought in 9,249 kilograms, experiencing a 36% year-...
