PRESS RELEASE CHICAGO–(BUSINESS WIRE)–Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (“Cresco” or the “Company”) one of the largest vertically integrated multistate cannabis operators in the United States, today released its unaudited financial results for the fourth quarter and full year ended December 31, 2018. All financial information presented in this release is in U.S. dollars, […]
Banking, Finance & Real Estate
Cannabis Prices
By Jacques Santucci The industry is maturing and so should your understanding of profitability. We recently read a post from cannabis accounting firm Bridgewest outlining industry trends that are causing prices of fall, narrowing cultivation margins1. They point out that as new legal markets come online, an inflow of new cultivation businesses is crowding a once profitable […]
The Cannabis Industry Moves Closer to SAFE Banking
By Matthew Zandi The House Financial Services Committee recently voted in approval of legislation intended to increase the cannabis industry’s access to banking, and that’s huge. With a 45 to 15 vote that followed several days of debate and amendment considerations, the legislation advances to the full body of Congress. While action on the floor has […]
5 Key Factors to Consider Before Making a Cannabis Acquisition
With talk of a looming recession, many analysts predict that during a downturn there will be a short list of growth industries that can deliver a healthy return on investment. Cannabis is near the top of that list. In fact, spending on legal cannabis in the U.S. is expected to increase from the current $12.9 […]
Canopy Growth Is Near a Deal to Acquire Acreage Holdings
Acquisition would mark first major cross-border pot deal Canopy Growth Corp. is nearing a deal to buy Acreage Holdings Inc. in what would be the first major cross-border cannabis merger, according to people familiar with the matter. The purchase could be announced as soon as this week, said the people, who asked not to be identified […]
Innovative Industrial Properties Acquires California Property Portfolio and Enters into Long-Term Leases with Licensed Operator
PRESS RELEASE Acquisition Represents IIP’s Second Investment in California, Expanding Footprint to 18 Properties in 11 States SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of […]
Marketing a Cannabis Company for Sale, Part 5
Part 5: Due Diligence In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert, walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Part 5: Due Diligence,” is part five of a five-part series. Completing the first four phases of marketing your cannabis company […]
Real Estate: The Key to Entering the California Cannabis Market
By Laurie Holcomb A lot has been written about the massive California cannabis industry and the challenges of entering what has been described as the largest market in the world. From locating a property within the designated cannabis zone, to working with various municipalities, to licensing, there are many hurdles to overcome… yet little has been […]
Harvest Health & Recreation Extends Breadth & Depth of Dominant U.S. Footprint with Acquisitions in Four East Coast States
PRESS RELEASE New assets and licenses in New Jersey, Pennsylvania, Maryland and Delaware extend Harvest’s unrivaled national U.S. presence allowing up to 213 facilities in 17 states and territories. Harvest to quickly bring leading brands/product lines, logistics and infrastructure from Falcon, CBx Enterprises and Verano to eastern retail and wholesale markets. Move comes as a […]
6 Ways Cannabis Companies Can Maximize Their Sale Price
Explosive growth in M&A activity Consolidation is a natural phase of any industry lifecycle, and cannabis is no different. As legal cannabis continues its rapid growth, the market is beginning a new phase of consolidation. There are many players now eyeing the cannabis market, including highly capitalized companies in traditional industries looking to enter the […]
Harvest Health & Recreation Announces Private Placement of US$500 Million of Convertible Debentures
PRESS RELEASE Funding to Fuel Vision to Become one of the Most Valuable Cannabis Companies in the World April 4, 2019—VANCOUVER—Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest and deepest footprints in the U.S., today announced that it has entered into an engagement agreement for […]
Cresco Lab to Acquire Origin House In Largest-Ever Company Acquisition In The Cannabis Sector
PRESS RELEASE SOLIDIFIES A LEADING POSITION IN CALIFORNIA, THE WORLD’S LARGEST REGULATED CANNABIS MARKET CREATES A CANNABIS INDUSTRY POWERHOUSE – COMBINED ENTITY WILL HAVE THE LEADING DISTRIBUTION FOOTPRINT IN NORTH AMERICA ADDITION OF CALIFORNIAN BRANDS AND EXPERTISE TO SUPPORT CONTINUED GLOBAL EXPANSION April 1, 2019 – CHICAGO, IL & OTTAWA, CANADA – Cresco Labs Inc. […]
US House Committee Passes First-Ever Marijuana Banking Bill
The bill, approved by the House Committee on Financial Services, is a top priority for a marijuana industry largely shut out of mainstream banking. U.S. House Democrats on Thursday advanced legislation to give cannabis businesses greater access to banking, approving protections for financial institutions for the first time in six years of legislative attempts. The […]
You can’t own more than 3 pot shops, but these companies are testing the limit — and bragging about it
First in a series. Robert Leidy, scion of a wealthy Palm Beach family, struck a serious pose that night before officials in the small town of Athol. In a dark suit and tie, he fixed his gaze on a careful script. There was no mention of the deep-pocketed investors backing him or the fishing yacht […]
MedMen Announces US$250 Million Investment From Gotham Green Partners
PRESS RELEASE LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) (“MedMen” or the “Company”), is pleased to announce that it has signed a binding term sheet for a senior secured convertible credit facility of up to US$250,000,000 (the “Facility”) from funds managed by Gotham Green Partners (“GGP” or the “Investor”), an investor in the […]
Key marijuana banking vote set for next week in Congress
A U.S. House committee vote scheduled for Tuesday could advance a bill to get cannabis industry cash off the streets and into bank accounts. Called the Secure and Fair Enforcement Banking Act, the measure would allow banks to service those cannabis companies that comply with state laws. The vote is likely to come on March […]
Why Your Delinquent Cannabis Related Accounts Require Swift Action
As the cannabis market has started to slowly transition from COD to companies extending trade credit, slow paying and non-paying customers are bound to appear. And, when you start extending trade credit you will have an account receivable and when your accounts receivable starts to become past due or what is commonly referred to as […]
Sunday Goods Appoints Former Cowen Director of Cannabis Investment Banking, Mina Guiahi, to Head of Capital Markets and M&A
PRESS RELEASE Mina Brings Extensive Experience in Investment Banking, Capital Markets and Portfolio Management Across Consumer and Cannabis Brands LOS ANGELES–(BUSINESS WIRE)–Sunday Goods, the first true, modern vertically-integrated direct-to-consumer cannabis lifestyle brand, announced the appointment of Mina Guiahi as head of capital markets and mergers and acquisitions (M&A), effective immediately. Mina, a former director in […]
