Marijuana Stocks & Publicly Traded Cannabis Companies

Large US cannabis companies look to debt funding versus equity and sale-leaseback deals

Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those for real estate sale-leaseback deals. Multistate operators Curaleaf, headquartered in Massachusetts, and Cresco Labs, based in Chicago, have led the way by announcing debt raises […]

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Acreage secures $100 million in debt to fund marijuana growth

Acreage Holdings, a New York-based multistate operator, on Friday said it had?secured a credit facility of up to $100 million with an institutional lender. In addition, the company has agreed to a separate $50 million loan as collateral to the credit facility. Part of that $50 million is funded by Acreage CEO Kevin Murphy. The […]

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Cannabis-focused mutual fund, ETF to close

The Evolve Funds Group, a Canadian fund manager with more than 630 million Canadian dollars ($478 million) under management, on Tuesday said it?will shutter?a small, poorly performing cannabis mutual fund and an even smaller exchange-traded fund (ETF) that also invests solely in marijuana companies. Evolve attributed the closing to the “volatile” nature of the marijuana […]

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Why cannabis businesses are hiring former politicians and regulators to move the industry’s lobbying efforts ahead

Marijuana businesses are increasingly bringing on former national and state politicians and regulators to help them navigate the ever-changing landscape surrounding cannabis legislation and related lobbying efforts as they look to move the industry forward. Earlier this month, for example, Maryland-based?Green Leaf Medical announced it hired?Joy Strand, a former executive director of the state’s Medical […]

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Week in Review: IL adult-use marijuana stores face shortages, Michigan early recreational MJ sales near $6.5M, Harvest pivots on deals & more

After the Jan. 1 launch, some Illinois adult-use cannabis retailers have?cut off customers temporarily?to conserve inventory,?recreational marijuana sales in Michigan hit almost $6.5 million in first month,?Harvest Health & Recreation looks to terminate an acquisition –?and more of the week’s top MJ business news. Huge rec sales in Illinois lead to some shop closures The […]

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Some marijuana firms turn to small investor opportunities in tight funding climate

Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]

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Multistate cannabis operator MedMen reveals another round of layoffs

Vertically integrated marijuana company MedMen, one of the most high-profile cannabis retailers in the U.S., announced more layoffs on Wednesday. “This week, the company provided layoff notices to an additional 20% of its corporate-level employees,” MedMen said in a news release. “In total, over the past 30 days, the company has strategically reduced its corporate […]

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New York Stock Exchange warns cannabis producer CannTrust its listing in danger

CannTrust Holdings said the New York Stock Exchange has notified the Canadian marijuana producer that its stock price had fallen below the $1-a-share threshold required to continue trading on the Big Board. The Vaughan, Ontario-based company said in a news release it has six months to regain compliance. In the meantime, CannTrust’s stock, which trades […]

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