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New Mexico cannabis industry divided over market saturation fears
Budtenders Sebastian Torrez left, and Hannah Renick sell products to customers at the Ultra Health cannabis dispensary at 7401 Menaul NE. (Roberto E. Rosales/Journal) Arizona had about 73 adult-use dispensaries licensed when recreational sales began at the start of...
Tilray & Aphria Announce Closing of Transaction That Creates the “New” Tilray – a Global Cannabis Leader
Tilray, Inc. (“Tilray”) and Aphria Inc. (“Aphria”) today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray (the “Company”), brings...
High Tide to Acquire 80% of CBD Retailer for $20.6 Million
High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of consumption accessories, is pleased to announce that it is taking another step towards solidifying itself as a major player within the U.S. e-commerce marketplace...
SOL Global Reports C$244 Million Investment Gains in Q1
SOL Global Investments Corp. provided its investors with unaudited financials for the first quarter ended February 28, 2021, and a general operational update concerning the Company’s assets and investments. Total gain from investments totaled $244 million for the...
Columbia Care Brings Scale to New York Cannabis Program Through Acquisition of One of the Largest Operating Greenhouse Sites on East Coast
Columbia Care Inc. announced today it has acquired a 34-acre cultivation site in eastern Long Island, New York. The Company’s first harvest and sales from this property for the state’s medical-marijuana program are expected in Q4 2021, pending regulatory approvals....
AIM Invests US$5.5 Million in European Cannabis Space
An American investment company has made its first move into the European cannabis space. On Monday, New York-based Altitude Investment Management announced a US$5.5 million investment into Switzerland-based cannabidiol (CBD) company KannaSwiss. The privately-held...
Ascend Wellness Raises $80 Million in IPO
Ascend Wellness Holdings, Inc. (“AWH”), a multi-state, vertically integrated cannabis operator, today announced the pricing of its initial public offering of 10,000,000 shares of its Class A common stock at a public offering price per share of USD $8.00, for total...
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