7) Agrify Corporation (NASDAQ:AGFY)
AGFY announced the $50 million acquisition of both Precision Extraction Solutions and Cascade Sciences on October 4. Both of these acquisitions are of companies focused on the most attractive areas of the supply chain: extraction, post-processing, and testing equipment.
8) Akerna Corp. (NASDAQ:KERN)
Akerna, a cannabis ERP software company, acquired 365 Cannabis at a price tag of $17 million on Monday, October 4. Through this acquisition, Akerna is now able to offer a Microsoft ERP that is cannabis compliant covering a huge number of aspects of the cannabis market including cultivation, production, compliance, distribution, and more.
Akerna signed a securities purchase agreement for a $20 million convertible debt financing with existing institutional investors who hold the cannabis company’s currently outstanding convertible notes. The purpose of this agreement is to secure capital needed for ongoing growth initiatives and is expected to produce approximately $14.6 million.
10) Canopy Growth Corporation (NASDAQ:CGC)
More drinks activity this time with CGC: Karma Water with plans to launch Karma CBD water, a new brand line of CBD beverages. According to Tara Rozalowsky of Canopy Growth, “This collaboration
pairs Canopy Growth’s best in class CBD distillate with Karma’s innovative push cap technology, instantly infusing cannabinoids into pristine water and guarding against the natural deterioration that occurs in shelf-stable pre-mixed beverages.”