LLC Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Entity structure considerations for MSOs

April 4, 2022
Dave McManus
Accounting, Multiple State Operators, Taxes
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Multi-state operators may need to weave a complex web when it comes to corporate structure. Operators entering new jurisdictions must consider many factors, the most significant being tax exposure, licensing restrictions, and potential exit scenarios as they determine which entity…

Cannabis Taxation: C Corp, S Corp, LLC, LLP, Partnership, Nonprofit, or Something Else for Your Cannabis Business?

By Jonathan Bench, Attorney at Harris Bricken One of the most fundamental questions facing any businessperson in the cannabis industry and every other industry is: “What type of business entity should I use?” This is such a loaded question that…

Business Law: Amending LLC and Partnership Agreements Protect Against the New IRS Audit Rules

For those of you with business partnerships (including LLCs taxed as partnerships) filing an IRS Form 1065 U.S. Return of Partnership Income, this blog contains important news for you. Treasury Regulations implementing the centralized partnership audit regime under the Bipartisan…

C-BeyondHealth, LLC Partners With Next Frontier Biosciences To Bring Advanced Cannabinoid Formulations To The Medicinal Cannabis Market

PRESS RELEASE Innovative Formulations and Delivery Methods Designed for Improved Administration Offer Patients Better and Safer Options GOLDEN, COLORADO, March 27, 2019— C-BeyondHealth, LLC and Next Frontier Biosciences are working together to bring patients a premium line of medicinal cannabinoid-based…

Harvest Health & Recreation to Acquire Verano, Creating One of the Largest U.S. Multi-State Cannabis Operators

March 11, 2019
Press Release
Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE One of the Largest U.S. cannabis consolidations in history will give Harvest the right to operate up to 200 facilities across 16 states and territories Brings together geographically complementary, market-leading MSOs focused on quality, sound operations and value…

4Front Strengthens Platform with Acquisitions in Massachusetts and Arizona

Press Release The acquisitions of Healthy Pharms and Greens Goddess increase 4Front’s national footprint and position it well in the Massachusetts and Arizona markets PHOENIX – Feb. 26, 2019 – 4Front Holdings, LLC (“4Front”), a leading retail and brand development…

Medical marijuana grows hope in Cotton Plant

February 24, 2019
AggregatedNews
Arkansas
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COTTON PLANT, Ark. - Patients in Arkansas are still not able to buy medical marijuana. But, there is a cultivation facility that is actively growing the plant. Bold Team, LLC has set up shop in the Woodruff County town of…

The Lean, Mean and Green Harvest Health & Recreation Machine

December 19, 2018
Rob Meagher
Company Stories, Multiple State Operators, News & Insights, Spotlight
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By Rob Meagher CBE recently had the opportunity to meet with Jason Vedadi, Chairman of Harvest Health & Recreation (CSE: HARV) and Steve White, CEO. This is a story about two driven men, with complimentary skill sets and a shared vision, who…

Essence Cannabis Dispensary Awarded Record Number of New Licenses in the State of Nevada

PRESS RELEASE LAS VEGAS, Nev. – December 11, 2018 – Essence, Las Vegas’ largest marijuana dispensary and cultivation operation, is pleased to announce it was awarded a record number of new dispensary licenses in the state of Nevada, one of…

4Front and Cannex Capital Announce Transformational Business Combination to Create Operations-Focused Industry Leader

November 26, 2018
Press Release
Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE Cannex’s proven large-scale cultivation and manufacturing leadership combined with 4Front’s retail platform, business development and executive team will create a multi-state vertically integrated powerhouse Vancouver, BC and Phoenix, AZ, November 26, 2018 – Cannex Capital Holdings Inc. (“Cannex” or…

Applied Inventions Management Corp. Announces Completion of its Continuance to British Columbia and Name Change and Completion of Subscription Receipt Financing

November 19, 2018
Press Release
Banking, Finance & Real Estate, Press Releases
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PRESS RELEASE TORONTO and NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (the “Company”), formerly Applied Inventions Management Corp., and High Street Capital Partners, LLC (d/b/a Acreage Holdings) (“Acreage”) are pleased to announce that, further to their…

Cresco Labs Expands Arizona Footprint With Acquisition of Cultivation, Processing and Dispensary Assets

PRESS RELEASE Cultivation Footprint Now Approaching 1,000,000 Square Feet (Chicago, IL) – October 29, 2018 – Cresco Labs, one of the largest multi-state vertically integrated cannabis operators in the United States, today announced its acquisition of licenses and assets in…

4Front Raises $31M In Oversubscribed Funding Round

October 25, 2018
Press Release
Banking, Finance & Real Estate, Cannabis Investments, Press Releases
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PRESS RELEASE PHOENIX, Oct. 25, 2018 -- 4Front Holdings, LLC ("4Front"), a leading U.S. cannabis retail and brand development company, is pleased to announce that it has completed a private placement of equity securities for gross proceeds of approximately $31 million (the "Offering"). Due…

Cannabis Strategies Acquisition Corp. Announces Proposed Qualifying Transaction

October 20, 2018
Press Release
Banking, Finance & Real Estate, Company Stories, Press Releases
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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…

Multi-State Cannabis Company Green Thumb Industries (GTI) to Begin Trading on the Canadian Securities Exchange June 13 Under Ticker Symbol “GTII”

PRESS RELEASE Capital Allocation, Strategic Growth and Shareholder Value Remain Top Priorities Chicago, June 12, 2018 (GLOBE NEWSWIRE) -- Green Thumb Industries (“GTI”), a multi-state cannabis cultivator, dispensary operator and consumer packaged goods company that produces and distributes a portfolio…

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