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Aurora Cannabis To Acquire TerraFarma (Thrive Cannabis) In $38 Million Deal
Canadian cannabis company Aurora Cannabis expands its recreational portfolio by announcing the acquisition of TerraFarma Inc., a parent company of Thrive Cannabis, an Ontario-based vertically integrated cannabis company. Toronto-based TerraFarma Inc. acquired 100% of...
Cannabis lender Bespoke Financial raises $8M from Casa Verde Capital and Sweat Equity Ventures
Cannabis financing company Bespoke Financial today announced it raised $8 million in a Series A financing round. Through this round, the company brought new, key investors into its corner as it fights to bring financing solutions to companies in the cannabis space....
How Smaller LPs Can Succeed as Canada’s Cannabis Market Consolidates
Canopy Growth moved to acquire Supreme Cannabis earlier this month, paying a substantial 66% premium to the prior day’s close. The company cited Supreme’s premium brands and its success in the adult-use market as motivation for the C$435 million all-stock deal. Our...
NBA stars John Wall, Carmelo Anthony invest in cannabis company LEUNE
National Basketball Association stars John Wall and Carmelo Anthony are new investors in a cannabis company. The pair helped California-based LEUNE raise roughly $5 million in a round that includes NBA agent Rich Paul, entertainer La Anthony, music manager Anthony...
Ikänik Farms Completes Cooperative Agreement with SGS Colombia SAS, Developing International Cannabis Certification
Ikänik Farms, Inc. announced that Pideka SAS, a wholly-owned subsidiary of Ikänik Farms, has successfully completed its cooperative agreement with SGS Colombia SAS (“SGS”) to design, initiate, develop, and implement a normative standard for the international...
SPAC Allows You to Invest Booming Israeli Cannabis Market
Today, Canada's cannabis companies are the only ones that trade on U.S. exchanges, but their businesses have struggled amid rampant oversupply. While U.S. cannabis companies are performing much better financially than their Canadian counterparts, their business is...
Why Investment Cannabis Tech Is at Its Highest Level Since 2019
People used cannabis in large numbers during the height of the lockdowns caused by the pandemic. Investors, including big-name celebrities and well-known venture capital funds, are banking on that trend to continue as the pandemic lessens its hold on the country. The...
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