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Top Financial Regulator Says Marijuana Sector Has Bright Future
In an interview with PBC conference, Rodney Hood, a financial regulator and board member National Credit Union Administration (“NCUA”), said that the marijuana sector has a bright future once it is fully legalized and infrastructure is set in place. During the...
Canopy Rivers’ cannabis joint venture PharmHouse gets creditor protection
PharmHouse Inc., a Canadian cannabis joint venture partly owned by venture capital firm Canopy Rivers, has received an initial court order granting creditor protection while the company explores restructuring. According to a company press release, “The lawsuit alleges...
Trulieve Raises C$100.45 Million Selling Shares at C$24.50
Trulieve Cannabis Corp. (“Trulieve”) a leading and top-performing cannabis company in the United States, announced today it has entered into an agreement with Canaccord Genuity Corp. (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on an...
Multistate cannabis operator Holistic Industries raises $35 million
Holistic Industries, a Maryland-based multistate cannabis operator, announced it raised $35 million in debt financing to fund cultivation and processing build-outs. The funding round was led by Virginia-based specialty financing company Altmore Capital. Holistic is a...
Livingstone Introduces Sharp Capital Advisors To Support Cannabis Businesses
Livingstone Partners introduced a new affiliate focused exclusively on the cannabis industry. The new affiliate is called Sharp Capital Advisors and is set to provide industry transaction advice, the Chicago-based company noted Tuesday. Livingstone’s co-founder and...
Terrace Global Announces Closing of $15 Million Financing
Terrace Global Inc. (“Terrace Global”) announced today it has closed the previously announced non-brokered private placement (the “Private Placement”) of 120,000,000 subscription receipts (the “Subscription Receipts”) at an issue price of $0.125 per Subscription...
Canadian Retailer Fire & Flower Q2 Revenue Increases 24% Sequentially to $28.6 Million
Fire & Flower announced second-quarter 2020 financial results showed that quarterly revenue was up 158% to $28.6 million. According to financial reports, the company generated revenue of $28.6 million including sales of $23.4 million in the Retail channel, $4.3...
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