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Cannabis Banking: All Businesses are Marijuana Related Businesses
Over eight years ago, the Financial Crimes Enforcement Network published the FinCen Memorandum of February 14, 2014 (“FinCen Memo”). FinCen is a Bureau within the U.S. Department of Treasury. Its mission is to combat money laundering and financial crimes....
Institutional Investors Provide Equity Commitment to Cannabis Operator C21 Investments
C21 Investments Inc., a leading vertically integrated cannabis company, today announced the principal amount of the Company’s senior secured note held by CEO Sonny Newman (“Newman Note”) has been restructured for repayment over a 30-month term. The Company has also...
AusCann To Acquire CannPal
Australian medical cannabis company AusCann has announced its intention to acquire CannPal Animal Therapeutics. After emerging from a trading halt that began last Friday, AusCann said on Monday it had entered into a scheme implementation deed to acquire 100% of...
Fincanna Increases Private Placement to 5Million
FinCanna Capital Corp. (“FinCanna”) (CSE:CALI) a royalty company for the U.S. licensed medical cannabis industry, is pleased to announce following higher than anticipated demand the Company has increased the size of its previously announced non-brokered private...
New Zealand-Based Medicinal Cannabis Company Phytotecnia raises over $300,000 Days
Phytotecnia, a New Zealand-based medicinal cannabis company, launched its equity crowdfunding campaign publicly through PledgeMe on Monday. The investment raised more than $300,000 privately days prior to the launch. Founded in 2019, Phytotecnia was created by Irene...
Aurora Cannabis’ dip into capital market after stock rally ‘shrewd’
Underwriters for Aurora Cannabis’ previously announced overnight public offering have agreed to purchase roughly 20 million units at $7.50 apiece, the Alberta company said this week, a move that would net the company $142.4 million. If the over-allotment option is...
Private multistate marijuana giants Verano and AltMed to merge, creating 14-state operator
On Wednesday, Marijuana multistate operator Verano Holdings announced a definitive agreement to acquire Florida-based Alternative Medical Enterprises (AltMed) for an undisclosed price, creating one of the largest cannabis companies in the U.S. with 44 retail locations...
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