Capital

  • Neptune Wellness Solutions Inc., Cannabis Assets

Neptune Announces Closing of Debt Financing

LAVAL, QC - Neptune Wellness Solutions Inc. (NASDAQ: NEPT), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced that it has closed on a senior secured notes financing for gross proceeds of $4,000,000 USD with CCUR Holdings, Inc. and Symbolic Logic, Inc. Additionally, Notes in an aggregate principal amount equal ...

January 13th, 2023|

Organigram Achieves CA$5.3 Million Quarterly Profit

TORONTO--Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), a licensed producer of cannabis, announced its results for the first quarter ended November 30, 2022. “Our first quarter of fiscal 2023 demonstrates the success of our expansion at Moncton and continuing productivity improvements in fiscal 2022,” said Beena Goldenberg, Chief Executive Officer. “In the quarter, we achieved ...

January 12th, 2023|
  • Tilray Brands

Tilray Brands Reports Second Quarter Fiscal Year 2023 Financial Results

LEAMINGTON, Ontario and NEW YORK - Tilray Brands, Inc. (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today reported financial results for the second fiscal quarter ended November 30, 2022. All financial information in this press release is ...

January 9th, 2023|
  • Jushi Holdings Inc.

Jushi Holdings Inc. Announces Closing of US$69 Million Debt Financing

BOCA RATON, Fla. - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), a multi-state cannabis operator, today announced the closing of its previously announced private offering of approximately US$69 million aggregate principal amount of its 12% second lien notes and detached warrants to purchase up to approximately 16 million of the Company’s subordinate voting shares at ...

December 8th, 2022|

Glass House Brands Announces the Final Closing of the Series B Preferred Stock Offering, Fully Subscribed at $50M

LONG BEACH, CA and TORONTO, Dec. 6, 2022 Glass House Brands Inc. today announced the closing of the third and final tranche of the previously announced non-brokered private placement (the "Offering") of Series B Preferred Stock, face value $1,000 per share of GH Group, Inc. ("GH Group"), a subsidiary of the Company. The final closing ...

December 7th, 2022|
  • Aurora Cannabis

Aurora Cannabis Repurchases ~$103 Million Principal Amount of Convertible Notes

EDMONTON, AB - Aurora Cannabis Inc.(NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $102.5 million (US$76.1 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of $99.4 million (US$73.8 million) in cash. Following the ...

December 5th, 2022|

Numinus Wellness Inc. Reports Q4 2022 and Annual Results

Q4 2022 revenues grew 643% year-over-year to $4.2 million Q4 2022 gross margin grew to 31.5%, generated $1.3 million of gross profit Completed acquisition of Novamind, positioning Numinus as a leading, integrated mental healthcare company providing psychedelic-assisted therapies Ended quarter with cash position of $33.0 million All financial results are reported in Canadian dollars unless otherwise stated. VANCOUVER, BC, Nov. ...

December 2nd, 2022|
  • TerrAscend

TerrAscend Reduces Outstanding Debt by US$30 Million

TORONTO - TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), a North American cannabis operator, announced that its subsidiary, WDB Holding MI, Inc. (DE), and all subsidiaries of TerrAscend, refinanced the existing senior secured term loan of $55.0 million previously announced on November 22, 2021 (the "Michigan Loan"), pursuant to an amendment. The Amendment provides for a ...

November 30th, 2022|
  • Neptune Wellness Solutions Inc., Cannabis Assets

Neptune Revises Revenue Range to US$11.5 -$ 12.5 Million

LAVAL, QC - Neptune Wellness Solutions Inc. (NASDAQ: NEPT) today announced a revision to its previously announced revenue range on November 15, 2022 for the fiscal second quarter 2023 from US$12.5 to $13.5 million to US$11.5 million to $12.5 million. Approximately 70% of second quarter revenues were from Sprout, representing a double digit increase compared ...

November 23rd, 2022|
  • Charlotte's Web Holdings, Inc.

Charlotte’s Web Announces US$56.8 Million Investment from BAT

DENVER - (TSX: CWEB) (OTCQX: CWBHF) Charlotte's Web Holdings, Inc. announced a US$56.8 million investment from a subsidiary of BAT (LSE: BATS) and (NYSE: BTI), which provides the Company with incremental capital to fund growth initiatives, including the Company's expanding portfolio of botanical wellness products. BAT's Investment has been made via a convertible debenture in ...

November 15th, 2022|
  • Jushi Holdings Inc.

Jushi Holdings Inc. Reports Preliminary Third Quarter 2022 Financial Results

BOCA RATON, Fla. - Jushi Holdings Inc. (CSE: JUSH) (OTCQX: JUSHF), announced certain preliminary financial results for the quarter that ended September 30, 2022. The Company also announced that it is in the process of completing its interim asset impairment assessment and expects to record a non-cash, indefinite-lived asset impairment charge in the range of ...

November 14th, 2022|
  • Verano Holdings Corp.

Verano Announces Third Quarter 2022 Financial Results

CHICAGO - Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), a multi-state cannabis company, announced its financial results for the third quarter that ended September 30, 2022, which were prepared in accordance with U.S. Generally Accepted Accounting Principles. Comparable numbers for the third quarter that ended September 30, 2021 were also prepared in accordance with U.S. ...

November 14th, 2022|

Powering Possibilities With Sean ‘Diddy’ Combs

CALGARY, AB, Nov.  2022.  Sean "Diddy" Combs announced today that he has agreed to purchase the planned divestiture of assets in New York, Illinois, and Massachusetts from Cresco Labs Inc. and Columbia Care Inc. This historic transaction will create the first minority-owned, vertically integrated multi-state cannabis operator. ATB Financial is acting as Financial Advisor to ...

November 6th, 2022|
  • Verano Holdings Corp.

Verano Refinances $350 Million Credit Facility with Significant Optionality to Bolster Strategic Growth Plans

CHICAGO - Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), a multi-state cannabis company, today announced it has entered into a credit agreement to refinance its existing $350 million credit facility, extending the maturity date to October 30, 2026. The refinanced indebtedness bears interest at a floating rate based on the prime rate, with a current ...

October 27th, 2022|
  • Financial Result, CBD Skin Care Market,

The Valens Company Reports Third Quarter Fiscal 2022 Financial Results

KELOWNA, BC - The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS), a manufacturer of cannabis products, is pleased to report its third quarter fiscal year 2022 financial results for the period ended August 31, 2022. "Our third quarter results clearly show that we are executing on the most important initiative in this environment which is ...

October 13th, 2022|
  • Aurora Cannabis

Aurora Cannabis Repurchases US$23 Million Principal Amount of Convertible Notes

EDMONTON, AB - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that it has repurchased an aggregate of approximately $31.3 million (US$23.0 million) principal amount of its convertible senior notes at a total cost, including accrued interest, of $29.8 million (US$21.8 million) in cash. The ...

October 7th, 2022|

Cannabis Stocks Surge as Biden Overhauls U.S. Cannabis Policy

NEW YORK - Following President Joe Biden's executive decision to change U.S. policy on cannabis, the White House today announced it is pardoning all prior federal offenses for simple cannabis possession. Consequently, shares of cannabis growers and sellers with U.S.-listed companies rose sharply in Thursday trading. Two well-known cannabis retailers with U.S.-listed stock, Tilray Brands ...

October 6th, 2022|

IM Cannabis Closes Second Tranche of Non-Brokered Private Placement of Common Shares

TORONTO and GLIL YAM, Israel, Oct. 5, 2022   IM Cannabis Corp. a medical and adult-use recreational cannabis company with operations in Israel, Canada, and Germany, announce that it has closed the second tranche of its non-brokered private placement, as described in its press release of August 19, 2022, of 1,112,504 common shares of the Company at a price of USD$0.50 per Common Share for aggregate proceeds ...

October 5th, 2022|
  • Aurora Cannabis

Aurora Cannabis Delisted From Toronto Stock Exchange

TORONTO: According to the most recent quarterly review made public by S&P Dow Jones Indices, Aurora Cannabis, based in Edmonton, Alberta, has been eliminated from the S&P/TSX Composite Index. The main indicator for Canadian firms that are listed on the Toronto Stock Exchange is the S&P/TSX Composite. According to a news release from S&P Dow ...

September 22nd, 2022|
  • Aurora Cannabis

Aurora Cannabis Announces Fiscal 2022 Fourth Quarter and Full Year Results

EDMONTON, AB - Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced its financial and operational results for the fourth quarter and fiscal year ended June 30, 2022. "We continue to enhance the long-term value of our differentiated global cannabis business by quickly identifying highly profitable ...

September 20th, 2022|

Cannabis Market worth $82.3 billion by 2027 – Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 15, 2022 The Cannabis Market size is estimated to be valued at USD 27.7 billion in 2022 and is projected to reach USD 82.3 billion by 2027, recording a CAGR of 24.3% in terms of value from 2022 to 2027, according to a new report by MarketsandMarkets™. The medical segment sees demand for treating anxiety and pain management Medical segment also ...

September 15th, 2022|

Glass House Brands Closes Morro Bay Natural Healing Center Dispensary Acquisition

LONG BEACH, CA and TORONTO, Sept. 15, 2022  Glass House Brands Inc. today announced that all local regulatory approvals have been granted for Glass House's acquisition of the Natural Healing Center (NHC) dispensary located in Morro Bay, California, and that the transaction has officially closed. Consolidation of the financial results of the Morro Bay store ...

September 15th, 2022|

Cannabis Seeds Market to Accrue $6.5 Bn, Globally, by 2031 at 18.4% CAGR: Allied Market Research

PORTLAND, Ore., Sept. 9, 2022  Allied Market Research recently published a report, titled, "Cannabis Seeds Market by Nature (Organic, Conventional), by Type (Feminized seeds, Regular seeds, Autoflowering seeds), by Distribution Channel (Specialty stores, Wholesalers and distributors, Online sales channel): Global Opportunity Analysis and Industry Forecast, 2021-2031." As per the report, the global cannabis seeds industry was ...

September 9th, 2022|

Vertically Integrated Cannabis Company, The Nirvana Group, Expands into New Mexico

ALBUQUERQUE, N.M., Sept. 7, 2022  The Nirvana Group is joining New Mexico's surging licensed cannabis market: The Nirvana Group, premier seed to sale cannabis company founded in Tulsa, OK, will make its debut this fall, opening a 30,000-square-foot manufacturing facility in Albuquerque with a targeted opened by end of September to produce house and partner brands, including innovative ...

September 7th, 2022|
  • Halo Collective Inc,

Halo Collective and Alpha Blue Ocean Agree to Early Termination of Loan and Convertible Debentures Agreements

TORONTO - Halo Collective Inc. (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) announced that it has entered into a termination agreement mutually agreed with Global Tech Opportunities 6, an investment fund managed by Alpha Blue Ocean, pursuant to which, among other things, the Company and GTO have agreed to effect amendments to certain previously issued convertible ...

September 7th, 2022|
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