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When Cannabis Businesses face financial distress
After another rollercoaster of a year, I’m reflecting back on some of the insights my partners and I shared with the Cannabis Industry throughout the COVID-19 pandemic. One area that we’ve continued to monitor (and have recently become directly involved in) is...
Investor buzz around cannabis stocks with new treatments
Australia's fledgling medicinal cannabis sector has been blazing ahead with research projects in the face of the COVID-19 pandemic and now popular investors are looking for winners. A cohort of ASX-listed small-cap cannabis stocks was buoyed earlier this month because...
SPACs offer marijuana companies a source of funding – and a way to go public
A recent rise in cannabis special purpose acquisition companies – also known as SPACs – is providing private marijuana and hemp companies an unprecedented opportunity to raise money and go public. “Cannabis SPAC IPOs (initial public offerings) raised more than $2.6...
WeedMD Taps Labor Union Pension Fund for $30 Million Credit Facility at 15% Interest Rate
WeedMD, a federally-licensed producer and distributor of cannabis, announced they have entered into a binding term sheet for a credit facility (“Credit Facility”) with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada (“LPF”). Company officials say...
UK – London-based manager aims to raise Europe’s biggest cannabis fund
Europe has a small market for investing in cannabis. However, many insiders believe the market is showing signs of life, with a new London-based investment firm. The firm is focusing on wealthy individuals hoping to raise the region’s biggest dedicated fund....
High Times may have lost two California cannabis retail leases from Harvest deal
Los Angeles-based High Times Holding has reportedly lost the leases on both San Francisco marijuana properties that were a key part of a much-vaunted $80 million retail acquisition. The deal was announced in April with the Arizona multistate operator Harvest Health...
Canadian marijuana company Aurora ends fiscal year with CA$3.3B loss
Canadian marijuana producer Aurora Cannabis reported a net loss of more than 1.8 billion Canadian dollars ($1.4 billion) for its fourth quarter. Aurora ended its 2020 fiscal year with a CA$3.3 billion loss. The quarterly loss includes a previously signaled CA$1.6...
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Monday - Friday: 8:00 AM - 5:00 PM