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Local cannabis firm seeks creditor protection amid ‘critical cash shortage’
A Southwestern Ontario pot producer that bills itself as Canada’s first female-focused cannabis company filed for creditor protection as it faces a “critical cash shortage.” Article content An Ontario court has approved a request by Eve and Co., a licensed cannabis...
Number Of Banks Working With Marijuana Businesses Stabilizes Following Multi-Quarter Decline
The number of banks and credit unions that report working with marijuana businesses remained stable over the last quarter, according to recently published federal data. For the last three quarters of 2020, those numbers had been consistently declining—due partly to...
Aurora Cannabis Company Delivers Record Breaking 8 Million in Cannabis Product to Israel
Canadian cannabis producer Aurora Cannabis Inc. announced on July 15 that it officially delivered one of the largest shipments of cannabis to Israel to date. The company completed a record-breaking delivery defined as “nearly C$8 million”—one of the company’s largest...
Organigram Launches Cannabis Innovators Panel
Organigram Holdings Inc, the parent company of Organigram Inc., a leading producer of cannabis, announced the launch of the Cannabis Innovators Panel, a cannabis consumer panel offering real-time insights into consumer preferences, usage occasions, and future...
AFC Gamma Leads $15.5 Million Debt Deal for Maryland Cannabis Cultivator Evermore
AFC Gamma, Inc. (NASDAQ:AFCG) (“AFC”), a commercial real estate finance company that provides loans to operators in the cannabis industry, today announced that it, along with an affiliate, has provided a credit facility of $15.5 million to The Evermore Cannabis...
New Listing Proposals Could Exclude Cannabis Startups From The London Stock Exchange
Proposals to set a minimum valuation level for companies looking to list on the London Stock Exchange could limit the number of cannabis entrants to the market. A new consultation paper from the Financial Conduct Authority recommends that only companies valued at £50m...
Cannabis REIT Aventine Property Group Raises $100 Million From Single Investor
Aventine Property Group, Inc. (“Aventine” or the “Company“), one of the largest internally managed REITs serving the legal adult- and medical-use cannabis industry, announced today it has completed a private offering of $100 million aggregate principal amount of 8.00%...
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