As a follow-up to the story CBE posted on April 11, 2018, “The Largest Cannabis Industry IPO to Date: Cannabis Strategies Acquisition Corporation (CSAC)” , CSAC issued the following press release this past Thursday. PRESS RELEASE Highlights of the Transaction CSAC has executed agreements to acquire 5 existing companies to create an anchor portfolio (the “Anchor […]
Banking, Finance & Real Estate
Pot stocks rally after Canopy Growth buys US hemp researcher to help it grow marijuana better
Marijuana stocks rally after one of Canada’s biggest cannabis companies announces it has agreed to acquire a U.S.-based hemp company. Marijuana stocks rallied Monday after one of the largest Canadian cannabis companies announced that it has agreed to acquire a U.S.-based hemp company. Canopy Growth told investors its purchase of Evergreen, Colorado-based ebbu will “complement […]
Banking Evolution
The cannabis industry is evolving rapidly and so should your perception of banking. I recently attended the Second Annual State of the Cannabis Industry Conference, in Massachusetts. The event was organized by the cannabis law practice of Burns & Levinson and by Viridian Capital Advisors, a financial advisory firm dedicated to the cannabis industry, with […]
Chicago marijuana company Cresco set to go public in Canada, raise funds for expansion here
Medical marijuana company Cresco Labs is moving forward with a plan to go public in Canada, a step that will give it access to additional funds to grow its business in Illinois and nationwide. Cresco announced Wednesday that it entered into a reverse takeover agreement with Randsburg International Gold Corp. that will result in a […]
TGOD Advances International Expansion Through Joint Venture Entering Latin America
PRESS RELEASE The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce it has entered into a strategic joint venture with LLACA Grupo Empresarial to create a 50/50 owned company to enter the medicinal cannabis market in Mexico. With this partnership, TGOD continues the expansion of its international portfolio, […]
No. 1 Wall Street pot analyst says the marijuana market will be much bigger than she first thought
The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. “With cannabis, you’re talking about this massive step change in terms of the addressable market,” Vivien Azer said on CNBC’s “Squawk Box” Wednesday. “You’re bringing […]
Tilray® Strengthens Presence in Latin America with Acquisition of Alef Biotechnology
PRESS RELEASE NANAIMO, British Columbia and SANTIAGO, Chile – Tilray, Inc. (NASDAQ: TLRY), a global leader in cannabis research and production, today announced that it has completed an acquisition of its existing import and distribution partner Alef Biotechnology SpA (“Alef”). The acquisition will allow Tilray to import, produce and distribute Tilray branded medical cannabis products […]
This Lab Raised $10 Million To Expand Cannabis And Hemp Cloning Production
Industrial scale production has dominated store shelves for decades. Now that formula is being adopted by the cannabis industry. For Front Range Biosciences (FRB), mass propagation of crops starts in the lab, where consumer cannabis is selectively cultivated and sold to licensed growers. Today, the agricultural biotech startup, which works with coffee strains and industrial hemp clones as […]
Foreign Investment In California’s Marijuana Market: What You Need To Know Now
By HILARY BRICKEN It appears the federal government is taking a wait-and-see approach to foreign ownership of state cannabis businesses Our California cannabis business have been getting tons of interest and questions lately about foreign investment into California’s booming cannabis industry. As would be expected, much of this interest in foreign direct investment is coming from […]
TGOD Announces C$75 Million Bought Deal
PRESS RELEASE The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing […]
Cannabis, Congress and Courage: Why Banks aren’t Banking Marijuana Businesses
By Jim Richards In January 2018, Attorney General Sessions “revoked Obama-era guidance that had effectuated a hands-off approach to state-legalized cannabis businesses.” This quote from an online National Law Journal article (see https://www.law.com/nationallawjournal/2018/09/11/feds-should-be-banging-the-drum-the-loudest-for-cannabis-industry-banking/?slreturn=20180812164053) and others like it, have been used by both (all?) sides of the marijuana argument currently embroiling America. But what, exactly, did […]
Have a Heart Completes $25 Million Series A Financing
PRESS RELEASE Continued retail license wins attract smart capital to fuel aggressive growth SEATTLE–(BUSINESS WIRE)–Seattle-based cannabis retailer Have a Heart has closed the largest private financing for a pure-play U.S. retail cannabis company to date. The $25 million series A round was led by private, accredited investors with significant cannabis and technology industry experience. “Our […]
Unique Program to Track and Trace Dollars in CA Could Pave the Way for a Banking Solution in the US
State and local governments vary greatly in their ability to attract and compensate regulatory personnel that bring institutional knowledge and experience to regulate the nascent Cannabis Industry in their respective spheres of influence. Think about it, the challenge for any state or local government is to find and afford people with the experience and the […]
Cannabis Industry and your financial team
By Jacques Santucci The cannabis industry is evolving rapidly and so is your organization. Having a great business plan and running that business are two very different things. And your success depends on your team, particularly your financial team. One important point to understand when hiring your financial team is the difference between a bookkeeper, […]
Green Thumb Industries (GTI) Announces Revenue up 291% in Second Quarter 2018
PRESS RELEASE Market Expansion and Disciplined Capital Allocation Lay Foundation for Continued Growth Chicago and Vancouver, August 28, 2018 — Green Thumb Industries Inc. (“GTI” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a national cannabis consumer packaged goods company and owner-operator of the high growth national retail chain RISETM Dispensaries, today reported its financial results for […]
Tilray, Inc. Reports Second Quarter 2018 Earnings
PRESS RELEASE NANAIMO, BRITISH COLUMBIA – Tilray, Inc., (“Tilray” or the “Company”) (NASDAQ: TLRY) a global pioneer in cannabis production and distribution, today reported financial results for second quarter and six months ended June 30, 2018. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. “We are very pleased with […]
SEC vs. Tilray: What regulators wanted to know about the largest U.S. pot IPO
Tilray removed entire CEO letter from IPO filing, according to SEC documents As the largest pot IPO in the U.S. was on deck earlier this year, the Securities and Exchange Commission sought to cut down on Tilray Inc.’s soaring rhetoric and add disclosures about the side effects of weed, according to SEC documents made public […]
Pro-Pot Florida Candidate Says Wells Fargo Shut Her Account
A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo & Co. closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system. Nikki Fried, a Democrat running for state agricultural commissioner, said the bank […]
