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Entity structure considerations for MSOs
Multi-state operators may need to weave a complex web when it comes to corporate structure. Operators entering new jurisdictions must consider many factors, the most significant being tax exposure, licensing restrictions, and potential exit scenarios as they determine...
Red Light Holland, Creso Pharma Merge To Form HighBrid Lab
Cannabis company Creso Pharma Limited is merging with psychedelic treatment company Red Light Holland Corp. to create The HighBrid Lab. The transaction is a reverse takeover of Red Light Holland by Creso Pharma giving Red Light shareholders a 29% premium for their...
The Parent Company Announces The Peakz Company as Second Social Equity Investment
TPCO Holding Co., California’s leading vertically integrated cannabis company, is pleased to announce that it has selected The Peakz Company (“Peakz”), an Oakland-based cannabis brand founded by Jessie Grundy, as the Company’s second social equity corporate venture...
European Cannabis Company Sanity Group Raises $44.2 Million
Berlin-based cannabis start-up Sanity Group announced today it has closed a $44.2M USD Series A financing round with new investment led by Swiss venture capital firm Redalpine along with US-based Navy Capital and SOJE Capital. GMPVC also participated in the round....
Cronos Group Pays $110.4 Million for Option to Acquire 10.5% of Private MSO PharmaCann
Cronos Group Inc. and PharmaCann Inc. (“PharmaCann”), one of the largest vertically integrated cannabis companies in the United States, today announced that they have entered into an agreement under which a wholly-owned subsidiary of Cronos Group has purchased an...
Fiore Cannabis to Acquire California Cannabis Delivery Firm in $1.2 Million Transaction to Strengthen Market Focus
Fiore Cannabis Ltd, a licensed multi-state cannabis cultivator, producer, and retailer, today announced it has signed a Letter of Intent to purchase California Patients Club (“CPC”), a cannabis delivery company operating in the state of California, for US$1.2 million...
These Marijuana Stocks Are Building More Momentum In June
Currently in June marijuana stocks are still building more momentum. Which has been much needed after the last 12 weeks of trading. However, even as parts of the sector start to recover there is still time to find good marijuana stocks to buy. In the last 3 months...
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