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Cannabis-Focused Finance Company Altmore BDC Announces Proposed Initial Public Offering
Cannabis-focused finance company Altmore BDC, Inc. announced the filing of a registration statement on Form N-2 related to an initial public offering of 6.67 million shares of its common stock. The price range for this offering is currently $14.50 to $15.50 per share...
Lineage Invests in Pennsylvania
Lineage Grow Company Ltd announced it has entered an agreement with a Pennsylvania-based medical marijuana company to finance the Permit Fee associated with the Investee’s Grower/Processor application. Lineage has provided the Investee with USD $200,000 to finance the...
Sugarbud Announces Supply Agreement with Alberta Gaming, Liquor & Cannabis
Sugarbud Craft Growers Corp. (“Sugarbud”) announced it has signed a definitive supply agreement with Alberta Gaming, Liquor & Cannabis (“AGLC“). The agreement allows for the sale and distribution of Sugarbud’s Craft Cannabis Collection to private cannabis...
INVESTING FOR THE FUTURE FinCanna Flagship Investment, CTI Reaches First $1M USD in Cannabis Extraction Revenue
FinCanna Capital Corp, a royalty company for the U.S. licensed medical cannabis industry, announced today it's first investment, Cultivation Technologies Inc., has achieved US$1 million in cumulative revenue since January 2018. Additionally, FinCanna announced...
MJ, The World’s Largest Cannabis ETF, Declares Quarterly Dividend of 6.42%
SUMMIT, N.J.–(BUSINESS WIRE)–ETFMG, leading thematic ETF issuer behind the first U.S. and world’s largest cannabis ETF, MJ has declared an $8,226,000 quarterly dividend, which equates to $0.18 cents per share. According to financial reports, investors in MJ received a...
Canadian cannabis events firm Lift & Co. files for bankruptcy
Lift & Co. Corp., Toronto-based cannabis events and marketing firm, announced they have filed for bankruptcy. Lift said it had been “negotiating a significant equity investment in its events division by a global strategic investor” before the COVID-19 pandemic...
Britain’s financial watchdog sets out rules for cannabis listings
On Friday, Britain’s markets watchdog opened the door to cannabis company listings by releasing to the public how it would navigate laws to prevent pocketing proceeds from criminal use of the drug. The Financial Conduct Authority set out its “approach” to...
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