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Cann Raises $27 Million In Funding
Infused beverage company and celebrity favorite Cann announced a $27 million Series A funding round coming from fresh institutional capital as well as existing investors like Imaginary Ventures who added to its original investment. Cann was launched in 2019 and raised...
Israeli medical cannabis company signs deal to export to UK market
Israeli medical cannabis company Tikun Olam CannBit Pharmaceuticals announced it has signed a memorandum of understanding for cooperation with the British company ITH Pharmaceuticals. The deal revolves around the supply of CBD oil and other medical cannabis products...
Asset sales, market growth might boost cannabis multistate operator finances
According to reports publicly traded multistate marijuana operators appear to be in better financial health than they were at the beginning of 2020. However, many have shed operations in potentially lucrative markets to bolster their balance sheets. MSOs are...
US Pot Market Worth US$41 Billion by 2028 if Legal, Says Barclays
A new report from bank Barclays projects the US marijuana market would have a value of US$28 billion if it was legal today. Also, the reports predict the marijuana market potential to grow to US$41 billion on a pre-tax basis by 2028. Barclays analysts shared a note...
Medicinal cannabis firm Rua Bioscience opens $20 million offer ahead of listing
Medicinal cannabis company, Rua Bioscience announced it is seeking up to $20 million from investors. The announcement comes ahead of a sharemarket listing later in October. Rua Bioscience was founded in 2016 as a subsidiary of Hikurangi Enterprises, which aims to...
Bragar Eagel & Squire, P.C. Announces Class Action Lawsuit Has Been Filed Against Aurora Cannabis
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announced a class action lawsuit has been filed in the United States District Court for the District of New Jersey. The lawsuit was on behalf of investors that Purchased Aurora...
Schwazze backs out of deal to acquire marijuana R&D firm MedPharm
Denver-based Schwazze said it has terminated its planned acquisition of MedPharm, a medical marijuana company in the same city that landed Colorado’s first cannabis research and development license. Schwazze announced earlier this year it had moved forward on numerous...
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