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Don’t Expect More Cannabis Funds, Says Portfolio Manager
A portfolio manager doesn’t expect to see additional marijuana-centered funds due to lack of demand. Nawan Butt, portfolio manager with Purpose Investment, told the Investing News Network (INN) despite the success of managed funds with a direct focal point in pot...
SPAC Mania: The Biggest Cannabis Boom Is Yet To Come
The cannabis industry is still riddled with ambiguity, high taxation, and onerous rules that make profitability elusive and allow illegal sales to proliferate. In a truly global world, it will be impossible to ignore an illicit market. We will treat the regulation of...
Bluma Wellness Announces Shareholder Approval for Proposed Plan of Arrangement with Cresco Labs
Bluma Wellness Inc. announced that shareholders of the Company approved all resolutions brought before them at the Company’s Special Meeting of Shareholders held today, including the special resolution to approve the acquisition of the Company by Cresco Labs Inc....
Marijuana real estate merger creates firm worth $435 million in assets, cash
NewLake Capital Partners and real estate investment trust (REIT) GreenAcreage closed a merger that creates a massive marijuana real estate company. The combined company boasts more than $325 million in assets and $110 million-plus in cash as it pursues further...
Cannabis Mortgage REIT AFC Gamma Raises $119 Million in NASDAQ IPO
AFC Gamma, Inc. (“AFC Gamma”), a commercial real estate finance company that provides loans to operators in the cannabis industry, today announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a public offering price of $19.00...
Who’s Next For The LSE – And Are We Seeing A European Cannabis Bubble?
With a flurry of activity on the exchanges in the last month, the question on the lips of many is which cannabis company is next for the London Stock Exchange? Following their February flotations MGC Pharmaceuticals, Kanabo, and Cellular Goods have risen by over 300%,...
Organigram CEO: BAT Deal Not Just a Strategic Investment
After securing a key relationship with a top tobacco maker, CEO Greg Engel says Organigram Holdings is ready to pursue the US cannabis market. Last Thursday, the Canadian cannabis producer made headlines by confirming a C$221 million strategic investment from British...
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