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CannTrust Completes CAD $17 million Financing, Exits CCAA
CannTrust Holdings Inc. (the “Company”) (unlisted) today announced that its subsidiary, CannTrust Equity Inc. (“CannTrust Equity”), has completed its previously announced financing for aggregate cash proceeds of approximately CAD $17 million, as approved by the...
US Cannabis Prepares for M&A in Anticipation of Legal Changes
Multi-state operators (MSOs) have come a long way from their early days, and this year potential M&A among MSOs is receiving more attention from a hungry investor base looking for exposure to the US market. The Investing News Network (INN) spoke with a collection...
Canopy Growth Shares Slump After C$1.3 Billion Loss
Canopy Growth’s share prices dropped sharply during late trading hours on Wednesday after the company revealed a net loss of almost C$1.3 billion in its Q1 report of its fiscal 2020 year. Shares of the company in Toronto opened at C$38.30 on Thursday (August 15), down...
Hedge Fund MMCap Sues For Receivership of Sol Global’s Mega Millions in Verano Stock
The CEO of Sol Global Investments, Andy Defrancesco, and his ex-wife Catherine Defrancesco, have been named as defendants in a conspiracy scheme involving the stock of a hot cannabis IPO, Verano, that went public this month. The lawsuit involves half a billion dollars...
Australian Firms To Try & Access Euro Market On The Cheap
Aussie cannabis firms go capital-light as they roll into Europe Tread light and invest light we get that but there’s also the element of standard Australian approach of trying to get something for nothing. A handful of small, young Australian firms are taking a chance...
Fragrant Prosperity Expands Investment Target to Medical Cannabis CBD
Fragrant Prosperity announced it would expand its investment horizon to include the medicinal cannabis and CBD Wellness sectors. The company said it would continue to focus on the financial services sector, which was its original focus when it listed on the London...
Wrigley-Led Cannabis MSO Parallel to Go Public Via SPAC Valued at $1.9 Billion
Parallel, one of the largest privately-held multi-state cannabis operators in the United States (U.S.) and Ceres Acquisition Corp. (“Ceres”) a special purpose acquisition corporation (SPAC), today announced they have entered into a definitive business combination...
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