Capital

Vangst Secures $19M to Help Cannabis Industry Hire Workers

LOS ANGELES–Vangst has raised a $19 million Series B led by Level One Fund, with support from investors including Lerer Hippeau, Colle Capital and Casa Verde Capital. Based in Denver, the company offers a recruitment platform intended to help cannabis companies hire full-time employees and on-demand gig workers. See the details here on Pitchbook.

January 14th, 2022|

GrowGeneration Provides Fourth Quarter and Full Year Updated Outlook with 2021 Annual Revenues

DENVER- GrowGeneration Corp. (NASDAQ: GRWG), a chain of specialty hydroponic and organic garden centers, today announced revised full-year 2021 revenue expectations of $420 million to $422 million, versus $193 million for 2020, an increase of 118%.  The fourth quarter revenue expectation is between $88 million to $90 million. Same-store-sales for 2021 is expected to grow ...

January 14th, 2022|

Viola Closes $13 Million Bridge Round

LOS ANGELES–Viola, the leading Black-owned multinational cannabis brand, rooted in building equity within the space, announced the closing of a $13 million equity funding round.  DelMorgan & Co., an internationally recognized investment banking firm headquartered in Santa Monica, California, acted as an exclusive strategic transaction advisor to Viola in connection with the transaction. This latest ...

January 12th, 2022|

Tilray, Inc. Reports Second Quarter Fiscal Year 2022 Financial Results, Changes Name

NEW YORK–Tilray reported Monday its financial results for the second fiscal quarter ended November 30, 2021, with net revenue of $155 million, up by around 20% from $129 million in the same period year ago and down from $168 million in the first fiscal quarter. The Canadian marijuana giant also announced a new parent name, Tilray Brands, Inc., reflecting the company’s ...

January 10th, 2022|

CannTrust Throws In the Towel, Warns of ‘Orderly Wind-Down’

VAUGHAN, ONTARIO–CannTrust Holdings Inc. (unlisted) today announced that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization dated July 7, 2021  has been implemented. The implementation of the CCAA Plan follows its approval by the Ontario Superior Court of Justice on July 16, 2021 and the approval of the US class action settlement by the United ...

January 7th, 2022|

MariMed Announces Agreement to Acquire Kind Therapeutics in Maryland

NORWOOD, Mass.-- MariMed Inc. (OTCQX: MRMD), a leading multi-state cannabis operator focused on improving lives every day, today announced that it has entered into a definitive agreement to acquire Kind Therapeutics U.S.A., LLC, a leading vertically integrated cannabis business in Maryland. The transaction is subject to customary closing conditions, including regulatory approvals. The transaction will ...

January 5th, 2022|

Curaleaf Buys Arizona-based Bloom Dispensaries For $211 Million

WAKEFIELD, Mass.– Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF), a leading company in cannabis, today announced that it has entered into a definitive agreement to acquire Bloom Dispensaries, a vertically integrated, single state cannabis operator in Arizona in an all cash transaction valued at approximately US$211 million. The Transaction is expected to close in January 2022, subject ...

December 28th, 2021|

WhiteHawk Capital Partners Provides $100 Million Loan Facility to Glass House Brands

LOS ANGELES, December 21, 2021 – WhiteHawk Capital Partners, LP, a private credit investment manager, announced it has entered into an agreement with Glass House Brands, Inc. (NEO: GLAS.AU) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF) to provide a $100 million senior term loan facility. The facility will support the construction and retrofit program of Glass ...

December 22nd, 2021|

PharmaCielo Announces $15.0 Million Non-Brokered Private Placement of Debenture Units

TORONTO and RIONEGRO, Colombia - PharmaCielo Ltd. (TSXV: PCLO) (OTCQX: PCLOF), the Canadian parent of Colombia's premier cultivator and producer of medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., announced that it has plans to issue up to 15,000 debenture units in a non-brokered private placement. The Units will be issued at a price of $1,000 ...

December 22nd, 2021|

Planet 13 to Acquire Next Green Wave Holdings

LAS VEGAS, NV–Planet 13 Holdings Inc. (CSE:PLTH)(OTCQX:PLNHF) and Next Green Wave Holdings Inc. (CSE:NGW)(OTCQX:NXGWF) announced that they have entered into a definitive arrangement agreement pursuant to which Planet 13 will acquire all of the issued and outstanding common shares of NGW, by way of a court approved plan of arrangement, for total consideration of approximately ...

December 21st, 2021|

KEY Investment Partners Announces $30 Million Final Close of Cannabis-Focused Venture Fund

DENVER - KEY Investment Partners LLC announced the closing of its cannabis-focused venture fund with approximately $30 million in aggregate capital commitments. KEY Investment Partners provides strategic capital to high-growth companies that are well positioned to develop the infrastructure of the cannabis industry. Leveraging KEY's extensive network, cannabis industry expertise, and over 40 years of ...

December 21st, 2021|

Glass Pharms agree funding for Carbon Negative medical cannabis cultivation facility

LONDON - Glass Pharms have agreed Heads of Terms with infrastructure investment fund to provide up to £22.5m in financing to build the first dedicated medical cannabis cultivation facility that will be carbon negative by design. A cultivation facility that is Carbon Negative by design Glass Pharms is building an advanced 2.5 hectare greenhouse facility ...

December 20th, 2021|

The Valens Company Secures CAD$40 Million Term Loan

KELOWNA, BC - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), a manufacturer of cannabis products, announces that it has entered into a secured non-revolving term loan with 2361380 Ontario Limited , a private institutional lender, for an aggregate principal amount up to CAD$40 million. The Loan will accrue interest at a rate of 10% ...

December 17th, 2021|

Tetra Pharm Technologies closes a €2 million Seed Round to expand its operations and initiate clinical trial

COPENHAGEN, Denmark -  Tetra Pharm Technologies, a Danish Biotech company, secured €2M in its first round of funding led by Leafy Tunnel, a cannabis and psychedelics specialist European VC fund and other notable investors including Enexis, a Stockholm-based cannabis investment company. Tetra Pharm Technologies, with production facilities in Copenhagen, develops and commercializes cannabinoid-based medicines to ...

December 16th, 2021|

HEXO Reports First Quarter 2022 Results and Launches New Strategic Plan, “The Path Forward”

GATINEAU– HEXO Corp (TSX: HEXO; NASDAQ: HEXO), a Canadian producer of cannabis products, today reported its financial results for the fiscal quarter ended October 31, 2021 (Q1’22), and announced “The Path Forward”, a new strategic plan and position it to capitalize on international opportunities. The plan utilizes HEXO’s current assets, including its recent acquisitions to ...

December 14th, 2021|

Glass House Brands Secures US$100 Million Senior Secured Term Loan

LONG BEACH, Calif. and TORONTO - Glass House Brands Inc. (NEO: GLAS.A.U) (NEO: GLAS.WT.U) (OTCQX: GLASF) (OTCQX: GHBWF), announced that it has entered into a senior secured term loan agreement with a U.S.-based private credit investment fund for up to US$100 million, with an initial draw of US$50 million. The Initial Term Loan has a ...

December 13th, 2021|

Entheon Biomedical Provides Update on Clinical and Preclinical DMT Programs

VANCOUVER, B.C.– Entheon Biomedical Corp. (CSE: ENBI) (OTCQB: ENTBF) (FSE: 1XU1), a biotechnology company focused on developing psychedelic medicines to treat addiction, is pleased to provide an update on its upcoming human trial, EBRX-101 and on nonclinical DMT initiatives. Clinical Trial Update The Company announced on November 24th, that GMP DMT drug product has shipped ...

December 6th, 2021|

Red White & Bloom Provides Q3 2021 Financial Results: Revenue Increased $6 Million Over Q3 2020

TORONTO– Red White & Bloom Brands Inc. (CSE: RWB and OTCQX: RWBYF), a multi-state cannabis operator and house of premium brands, announces 2021 third quarter financial results highlighted by a 93% increase in third quarter year over year revenue. All figures are reported in Canadian dollars (CAD) unless otherwise noted. “In the third quarter, we made ...

December 1st, 2021|

Bespoke Financial Raises $125 Million to Expand Lending Capacity, Fund the Growth of the Cannabis Industry

LOS ANGELES– Bespoke Financial, the nation’s first cannabis-focused fintech lending platform, announced today the closing of a $125 million credit facility. This infusion of capital from institutional investment funds is a strong show of confidence in cannabis debt financing as well as in Bespoke Financial’s approach to working with these businesses. The company has effectively ...

December 1st, 2021|

Cannara Biotech Inc. upsizes CIBC Credit Facility to $22 Million

MONTREAL - Cannara Biotech Inc. (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), an integrated producer of premium-grade cannabis and derivative products with two cultivation facilities based in Québec spanning over 1,650,000 sq. ft., announced the refinancing and upsizing of its current bank credit facility to $22 million from $5.4 million with the primary use of additional ...

December 1st, 2021|

Harborside Announce Merger with Urbn Leaf and Loudpack Creating A Major New Cannabis Company

OAKLAND–Harborside Inc. (CSE: HBOR), (OTCQX: HBORF) a California-focused, cannabis enterprise, announced it has entered into definitive agreements to acquire UL Holdings Inc.,  a top California cannabis retailer with a dominant position in Southern California, and  LPF JV Corporation, a leading manufacturer, cultivator and distributor of award-winning cannabis brands in California. Following completion of the Transactions, Harborside is expected ...

November 30th, 2021|
  • Headset

Cannabis Market Research Company Headset Completes $8.6M of Financing

SEATTLE–Headset, the provider of data and analytics to the cannabis industry, announced today that it has raised $3M of new capital led by Althea, a private equity investment firm. Other participating investors are Poseidon Investment Management, a leading investor in the legal cannabis and hemp industries and WGD Capital, L.P., a cannabis focused venture fund. As ...

November 30th, 2021|
  • Albert Labs (CSE: ABRT) Receive Conditional Approval for CSE Listing

Albert Labs (CSE: ABRT) Receive Conditional Approval for CSE Listing

VANCOUVER, BC - Albert Labs, today announced that it has received conditional approval for the listing of its common shares on the Canadian Securities Exchange in coordination with its previously announced transaction with ME Resource Corp. Subject to final CSE approval, the Common Shares of the Company are expected to commence trading on the CSE under the ...

November 29th, 2021|
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