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US cannabis market provides greenfield for digital payment startups
Startups worth watching Payment startups are tapping the cannabis industry with solutions aimed at digitizing the historically cash-dependent sector. CanPay. The Colorado-based startup’s app lets customers at more than 800 cannabis dispensaries make Automated Clearing...
Cansativa Group grabs capital as Germany readies for recreational cannabis market
Calvin Broadus, a.k.a. Snoop Dogg, rocked the stage at Sunday’s Super Bowl, and now his Casa Verde Capital team is pumping new funds into Frankfurt-based Cansativa Group, touted as the “largest medical cannabis distributor” in Germany. (Image...
When Cannabis Businesses face financial distress
After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved in) is...
Cannabis-Focused Finance Company Altmore BDC Announces Proposed Initial Public Offering
Cannabis-focused finance company Altmore BDC, Inc. announced the filing of a registration statement on Form N-2 related to an initial public offering of 6.67 million shares of its common stock. The price range for this offering is currently $14.50 to $15.50 per share...
Top Financial Regulator Says Marijuana Sector Has Bright Future
In an interview with PBC conference, Rodney Hood, a financial regulator and board member National Credit Union Administration (“NCUA”), said that the marijuana sector has a bright future once it is fully legalized and infrastructure is set in place. During the...
Canadian marijuana producer CannTrust applies for NYSE listing
CannTrust Holdings Inc. said Tuesday that it has applied to list its shares on the New York Stock Exchange, following other large Canadian cannabis companies that list in the U.S. but operate in Canada. CannTrust stock was down 4% in morning trading, as the ETFMG...
4Front Ventures Announces $22 Million US of New Funding
Company announces binding agreement for the sale of its Assets in Pennsylvania and Maryland netting over $18 million the U.S. in cash Company secures $4 million U.S. through private placement Transactions enable the Company to reach cash flow positive in 2020 4Front...
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