Constellation Brands has signed a deal to invest $5-billion in Canopy Growth Corp. to increase its stake in the marijuana company to 38 per cent and make it its exclusive global cannabis partner. Under the agreement, Constellation, a global producer of beer, wine and spirits, will acquire 104.5 million Canopy shares at a price of […]
Banking, Finance & Real Estate
Is This the Solution to the Marijuana Banking Problem?
There are many aspects of the marijuana banking problem that are a long way from being solved. One of the biggest problems is payment processing – getting money from consumers’ hands to marijuana businesses’ bank accounts. In June of this year, both the Senate Appropriations Committee and the House Appropriations Committee voted to block marijuana […]
U.S. Marijuana Companies Go Public in Canada
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen. So last month, the company with $20 million in revenue from pot shops in seven states turned its gaze north and went […]
MedMen Completes Strategic Investment in Lowell Herb Co.
PRESS RELEASE Lowell Smokes sold in 250 top dispensaries across California LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) and The Hacienda Company announced today that MedMen has completed a strategic investment in The Hacienda Company, which owns Lowell Herb Co. (“Lowell”), a California-based cannabis brand known for its pack […]
Canadian Marijuana Firm Tilray Valued At $1.4 Billion Ahead Of Its Thursday IPO
Tilray Inc., Canadian marijuana producer and processor, will IPO on Thursday, June 19. At a price range of $14 to $16 per share, the company plans to raise up to $144 million and has an expected market cap of ~$1.4 billion. At the midpoint of its price range, TLRY currently earns an unattractive rating. Tilray looks […]
Tilray Announces Pricing of Initial Public Offering
PRESS RELEASE NANAIMO, BRITISH COLUMBIA –Tilray, Inc., a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, today announced the pricing of its initial public offering of 9,000,000 shares of Class 2 common stock. 6,524,000 shares of Class 2 common stock will be offered in the United States and certain other countries except Canada at a price to […]
Professional Hockey Players Invest in Cannabis-Based Medical Solution
PRESS RELEASE GAVIN Hockey Wealth Specialists Aligns With NY-Based CB1 Capital Management TORONTO and NEW YORK, July 12, 2018 (GLOBE NEWSWIRE) — GAVIN Hockey Wealth Specialists, a wealth management and advisory firm for NHL athletes is teaming up with CB1 Capital Management, LLC. CB1 invests in the supply chain of cannabinoid-based wellness solutions, products and […]
Tilray Inc. Launches Initial Public Offering
PRESS RELEASE Tilray Inc., a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, today announced that it has launched an initial public offering (IPO) of its Class 2 common stock pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the “SEC”). Tilray has applied to list […]
Senators Vote To Block Marijuana Banking Amendment
A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks. In a 21 – 10 vote, the Senate Appropriations Committee tabled an amendment on Thursday that would have shielded financial institutions that open accounts for cannabis businesses that are complying with state laws from being punished by federal regulatory authorities. Current […]
Tilray Inc. Announces Filing of a U.S. Registration Statement and Application for Proposed IPO on Nasdaq
PRESS RELEASE Company has also filed a Canadian Preliminary Prospectus for Proposed IPO, in order to qualify the offering of securities in Canada and to ensure purchasers in Canada are not subject to resale restrictions NANAIMO, BRITISH COLUMBIA – Tilray Inc., a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, today announced the filing of a registration statement with […]
