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Fintech Partnership Will Offer Lending and Financial Services to Cannabis Operators
Bespoke Financial, the first Fintech lender in the country providing debt financing to cannabis companies, today announced its strategic partnership with PayQwick, the cannabis industry’s most comprehensive treasury and financial services platform. The partnership...
This Upcoming Marijuana Merger Could Generate Great Returns for Investors
Consolidation in the cannabis industry is inevitable. As long as marijuana remains federally illegal in the U.S. and cannabis companies need to expand via acquisition to penetrate more states, marijuana businesses will continue to join forces. One deal that investors...
Cannabis software firm Akerna inks $17 million acquisition
Denver-based cannabis technology company Akerna signed an agreement to acquire a marijuana business management software firm for $17 million in cash and stock. Akerna will pay $4 million in cash and $13 million in stock to acquire 365 Cannabis with a potential earnout...
Marijuana MSOs post strong quarterly results, but investors tepid
All 10 of the largest publicly held marijuana multistate operators posted double-digit revenue growth in the quarter ended June 30, but stock prices remained weak as investors grow impatient with the slow pace of federal marijuana legalization efforts. Four of the...
Cannabis companies’ ‘green rush’ goes up in smoke
After legalization in Canada, the big push into Europe has failed to take root. The main issue in Europe is regulation – still a major stumbling block for all cannabis players. In Germany, medical cannabis is legal. In Denmark, tough restrictions on manufacturing and...
Greek Cannabis Cultivator Waiting For Regulator’s Approval Before A SPAC London Listing
Hellenic Dynamics is aiming to become the first medical cannabis cultivator to list on the London Stock Exchange. Early last month UK SPAC Plc, an AIM-listed cash shell, announced it had acquired 100% of Hellenic and was aiming for listing on the Standard segment of...
Forian Raises $24 Million in Convertible Note Offering
Forian Inc. , a provider of technology, analytics, and data science-driven solutions for the healthcare and cannabis industries, today announced the following: Convertible Notes Offering The Company has entered into a convertible note purchase agreement (the “Note...
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