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Banking Activity Increases In States That Legalize Marijuana, Study Finds
While marijuana businesses often struggle to find banks that are willing to take them on as clients due to risks caused by the ongoing federal prohibition of cannabis, a new study found that banking activity actually increases in states that legalize marijuana. The...
Marijuana Co. of America to buy 20% stake in NPE, to form Viva Buds JV for cannabis delivery
On Wednesday, Marijuana Co. of America Inc. (MCOA) announced the company’s intent to buy a 20% stake in Natural Plant Extract of California (NPE). The distributor firm and NPE plan to establish a joint venture operating a cannabis delivery service named Viva Buds....
Canopy reports CA$128 million loss as recreational cannabis revenue falls
Canopy Growth Corp., Canadian cannabis reported a net loss of more than 128 million Canadian dollars ($95.7 million) in the first quarter of its fiscal year. However, its total revenue improved slightly on a quarterly basis as the company maintains its corporate...
Maple Leaf Green World Inc. Engages Emerging Equities Inc. as its Strategic Financial Advisor in Connection and a Non-Brokered Private Placement
Maple Leaf Green World to announced it has entered into an agreement with Emerging Equities Inc. (“EEI”) of Calgary/ Pending the financial agreement, EEI will evaluate various funding alternatives for the Company including potential private placements and debt funding...
This Cannabis Industry Lender Plans to Deploy $200M by the End of 2021
Chicago Atlantic Group, a strategic capital provider is working to create a successful debt brand in the cannabis space. The company was founded 18 months ago and now the direct lender has committed more than $60 million in loans. The principal John Mazarakis spoke...
Can Aurora Cannabis Stock Rebound in 2020?
Aurora Cannabis has been a favorite of investors because of the rate at which Aurora expanded after Canada legalized medical cannabis in October 2018. However, the company experienced a dismal 2019 due to spending money on expansions and acquisitions without paying...
Tight capital markets – worsened by COVID-19 – derail Schwazze’s cannabis acquisitions
Although COVID-19 has improved the long-term investment case for the marijuana industry as many states governments deemed it “essential,” at the same time the epidemic has made capital markets for cannabis more skittish. A declining stock price along with promising...
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