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Cannabis Regulatory Update: New York, Pennsylvania, New Mexico, SAFE Banking Act, COVID Stimulus Package
Friday, March 19, 2021 - 3:07pm | 1666Cuomo Examines Cannabis Home Growing, Social Equity Funding New York Governor Andrew Cuomo may have agreed upon two provisions of submitted legislation in regards to home growing and social equity funding, reports Marijuana Moment. Senate Finance Committee Chairwoman Liz Krueger said she is...
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Family-Run Nightshade Farm Seeks Strategic Partner As MSOs Scoop Up NY Cannabis Licenses
Friday, March 19, 2021 - 10:26am | 1015As New York gets closer to launching a recreational cannabis program, it's proving to be fertile ground for large multi-state operators (MSOs) like Curaleaf (OTCQX: CURLF), Green Thumb Industries (OTCQX: GTBIF), and Columbia Care (OTCQX: CCHWF). These companies are...
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NewLake Capital Partners Merges With GreenAcreage Real Estate
Thursday, March 18, 2021 - 12:41pm | 355Cannabis-focused investment vehicles, NewLake Capital Partners Inc. and GreenAcreage Real Estate Corp., confirmed its merger and creation of the combined company NewLake Capital Partners, Inc. With more than $325 million in assets, over $110 million in cash, and a diversified portfolio of 24...
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MedMen CEO Says 'Future Has Never Been Brighter' On Heels Of $16M Private Placement Deal
Thursday, March 18, 2021 - 11:59am | 315MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) raised CA$20 million ($16.05 million) by selling units at a price of CA$0.40 per unit. The cannabis retailer plans to use the raised money to advance its operations in Florida. At the moment, MedMen owns 16 leased dispensary locations with four...
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4Cable TV International Buys Colombian Cannabis Company Green Bros S.A.S. For $50K
Wednesday, March 17, 2021 - 11:42am | 348Media company 4Cable TV International Inc. (PINK: CATV) has acquired cannabis company Green Bros S.A.S. in an all-stock deal valued at $50,000. Under the deal, 4Cable will compensate the acquisition with its Series B shares worth around $50,000. Medellín, Colombia-based...
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GrowGen Enters Massachusetts With 7th Acquisition In 2021
Wednesday, March 17, 2021 - 11:14am | 448GrowGeneration Corp. (NASDAQ: GRWG) confirmed Wednesday its 7th acquisition for this year – Aquarius Hydroponics, a garden supply center with hydroponics equipment, lighting, and nutrients. The terms of the deal weren’t disclosed. Agawam, Massachusetts-based Aquarius Hydroponics was...
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Eaze Expands Across Michigan, Teams Up With Detroit Lions' Calvin Johnson And Rob Sims
Tuesday, March 16, 2021 - 4:20pm | 334Cannabis delivery company Eaze now offers flower by Pimitiv, a cannabis company co-founded by NFL stars and Detroit Lions alumni Calvin Johnson and Rob Sims. “Primitiv’s mission is to promote cannabis’ incredible health benefits, especially as a pain relief...
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American Cannabis Company To Acquire Colorado-Based Retailer Naturaleaf For $2.2M
Tuesday, March 16, 2021 - 4:02pm | 371American Cannabis Company Inc. (OTCQB: AMMJ) agreed to buy Colorado-based medical cannabis retailer Naturaleaf for roughly $2.2 million plus the issuance of 3 million shares. The acquisition includes all of Naturaleaf’s assets and operations, including Medihemp ...
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GrowGeneration Buys 55 Hydroponics On The Heels Of Char Coir Acquisition
Tuesday, March 16, 2021 - 1:26pm | 356GrowGeneration Corp. (NASDAQ: GRWG) agreed to buy a hydroponic and organic fertilizer store, 55 Hydroponics. The deal details weren’t disclosed. The news comes on the heels of GrowGen’s acquisition of Char Coir, a professional grade growing medium made from 100% coconut fiber...
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Flowr Raises $15.9M Via Bought Deal Offering Lead By Cantor Fitzgerald Canada
Tuesday, March 16, 2021 - 1:19pm | 228Cannabis company The Flowr Corp. (PINK: FLWPF) raised a total of $15.9 million by selling units. Under the bought deal offering, the Toronto-based company issued 31.13 million units with a price of 51 cents per unit. Cantor Fitzgerald Canada Corp. was the only bookrunner and the lead...
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Hero Technologies Continues To Expand Footprint, Buys Colorado Property For Cannabis Cultivation
Monday, March 15, 2021 - 4:12pm | 266Hero Technologies (PINK: HENC) announced Monday it will buy 40 acres of land in Moffat, Colorado for cannabis operations. The news comes one week after Hero announced the launching of a subsidiary — MassCannabis LLC — which will handle its acquisition initiatives in...
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Planet 13, Curaleaf Launch Select 'Shop-In-Shop' Experience At Las Vegas Dispensary
Monday, March 15, 2021 - 12:49pm | 314Cannabis company Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) has teamed up with Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) to present cannabis oil brand Select at the company’s Las Vegas SuperStore. Select was acquired by Curaleaf in February 2020....
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GrowGeneration Continues Acquisition Spree, Buys Char Coir
Monday, March 15, 2021 - 12:26pm | 433GrowGeneration Corp. (NASDAQ: GRWG) agreed to acquire Char Coir, a professional grade growing medium made from 100% coconut fiber, for an undisclosed price. Char Coir’s products are labeled as 100% biodegradable and compostable, providing a more durable solution compared to rockwool. GrowGen...
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Aurora Cannabis Puts Incomplete Greenhouse On The Auction Block
Friday, March 12, 2021 - 2:24pm | 383Aurora Cannabis (NASDAQ: ACB) is looking to sell one of its cannabis cultivation greenhouses, according to Marijuana Business Daily. The Canadian cannabis giant hasn’t set the sale price. However, it is “open to a broad range of potential transaction structures and...
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Power REIT Buys Another Property In Colorado For Cannabis Operations
Friday, March 12, 2021 - 1:35pm | 388Real estate investment trust Power REIT (NYSE-AMEX: PW) has bought a 2.2-acre parcel in Crowley County, Colorado via its subsidiary PropCo. The property has a favorable geographical position for both greenhouse growing and business operations, being suited in the southern part...