Latest News

Vicaa launches website offering range of high quality growing media for medical cannabis

February 24th, 2021To: Dept: Media Copy to: From: Vicaa Dept: Marketing Date: February 16, 2021 New: Vicaa.us – the website for specialized growing media for medical cannabis & hemp Sustainable growing solutions On February 11, 2021, Vicaa launched its new website. Vicaa.us offers a broad portfolio of sustainable growing media for the medical cannabis […]

Canadian pension fund unloads some cannabis shares, adds Aphria

February 24th, 2021A large Canadian pension manager unloaded some marijuana investments over the past couple of years while raising its holdings in licensed producers Aphria and Aurora Cannabis, according to regulatory filings with the U.S. Securities and Exchange Commission. Public Sector Pension Investment Board (PSP) filings show that the pension manager did not shy away from adding […]

Missouri pushes back deadline for medical cannabis businesses to open

February 24th, 2021Missouri regulators have extended the deadline for the state’s medical marijuana companies to open after the bulk of them failed to meet the one-year operating cutoff. Missouri pushes back deadline for medical cannabis businesses to open is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Marijuana MSO Verano raises CA$100 million, announces Arizona acquisition

February 24th, 2021Chicago-based multistate marijuana firm Verano Holdings raised slightly more than $100 million Canadian dollars ($79.7 million) through a bought deal private placement of special warrants. Underwriters led by Beacon Securities and Canaccord Genuity agreed to purchase 3.5 million special warrants at a price of CA$28.50 per warrant, with an option to purchase up to CA$15 million […]

Two Missouri medical cannabis applicants win permits after court battle

February 24th, 2021A pair of medical cannabis license applicants in Missouri will be able to do business in the state after winning a protracted court battle. The Missouri Administrative Hearing Commission awarded Heya Kirksville and Heya Excello medical cannabis cultivation licenses more than a year after the state rejected their applications, the St. Louis Post-Dispatch reported. Heya […]

Canadian marijuana firm Canopy Growth files $2 billion shelf prospectus

February 23rd, 2021Canadian marijuana producer Canopy Growth filed a preliminary short-form base shelf prospectus enabling the company to raise up to $2 billion (2.5 billion Canadian dollars) in one or more series or issuances of securities over a 25-month period. It is believed to be the largest shelf prospectus by a cannabis company. The move also signals […]

Aurora says its Danish cannabis has reached German pharmacies

February 23rd, 2021A subsidiary of Canada’s Aurora Cannabis says its “made in Denmark” medical cannabis products have reached some Germany pharmacies for the first time – a milestone that was years in the making. The German distribution comes before the products have been cleared by authorities for sale in Denmark, where the medicine is produced. It’s the […]

Marijuana packaging firm KushCo raises $40 million in direct stock offering

February 23rd, 2021California-based marijuana company KushCo Holdings said it expects to net about $40 million from the sale of securities in a direct offering to investors. The provider of packaging and other ancillary products to the cannabis industry said it will use the proceeds to pay down its debt and for working capital, product development, acquisitions and […]

Cannabis MSO Green Thumb Industries raises $56 million in US share sale

February 23rd, 2021Chicago-based multistate cannabis operator Green Thumb Industries raised roughly $56 million from selling shares in the United States. Green Thumb (GTI) accepted offers to purchase 1.6 million subordinate voting shares for $35.50 per share. The sale is expected to close Feb. 23. The capital raise follows another funding earlier this month, when GTI sold $100 […]

Genetic editing offers marijuana and hemp companies a way to improve plant strains

February 23rd, 2021The development of new genetic-editing technology offers cannabis companies a cost-effective way to make specific changes to marijuana and hemp plants – such as more disease resistance – without creating a genetically modified organism (GMO). The technology, known as Crispr-Cas9, will allow the cannabis industry to build new, improved plants that promise to introduce hardiness […]

Virginia OKs smokable flower in move that could spur medical marijuana sales

February 22nd, 2021Virginia lawmakers overwhelmingly passed legislation that would allow smokable marijuana flower sales later this year, a reform that will dramatically boost sales in the state’s nascent medical cannabis market. Flower sales often account for roughly 50% of market sales. Gov. Ralph Northam has supported marijuana, including urging adult-use legalization, so he’s expected to sign the […]

Wrigley chewing gum heir to take cannabis MSO Parallel public via $1.9 billion deal

February 22nd, 2021Chewing gum heir William “Beau” Wrigley Jr., the CEO of Atlanta-based Parallel, struck a mammoth deal with an entertainment mogul to take the cannabis multistate operator public through a transaction that values the company at $1.9 billion. Ceres Acquisition Corp. – a special purpose acquisition company (SPAC) co-founded by Scott “Scooter” Braun – will buy […]