Capital
Aurora Cannabis Saves $2.6 Million in Interest Payments Through Repurchase of Convertible Senior Notes
LOS ANGELES-- Canadian cannabis company Aurora Cannabis Inc. has announced that it has repurchased approximately $46.6 million (US$34.3 million) worth of its convertible senior notes. The ...
New York Bill Advances to Cover Medical Cannabis Under State-Funded Insurance Programs
NEW YORK-- New York state lawmakers are pushing forward with a measure that could bring significant relief to patients seeking medical cannabis treatment. The proposed bill, ...
Canopy Growth Corp. Ordered to Pay C$15 Million in Arbitration Ruling
LOS ANGELES-- Canopy Growth Corp., a major player in the cannabis industry based in Canada, has been hit with a C$15 million penalty by an arbitration ...
Michigan Recreational Cannabis Prices Rise as Fewer Plants Being Grown and Enforcement Steps Up
MICHIGAN-- The price of recreational cannabis in Michigan has increased for the first time since dispensaries began selling in December 2019. According to the Michigan Cannabis ...
IGC Pharmaceuticals, Inc. Announces Name Change to Better Reflect Strategic Focus
LOS ANGELES-- Maryland-based pharmaceutical company, India Globalization Capital, Inc. (NYSE American: IGC), is changing its name to IGC Pharma, Inc., (dba IGC) effective March 30, 2023, ...
Ascend Wellness Holdings Expands But Still Struggles To Turn a Profit
NEW YORK-- Ascend Wellness Holdings Inc., a New York-based cannabis company, expanded its footprint significantly in 2022 by opening four new stores in three states, transitioning ...
Experts Warn of Ripple Effects for Cannabis Industry Following Silicon Valley Bank’s Failure
LOS ANGELES- Silicon Valley Bank’s unexpected collapse last Friday is sending ripples of concern through the cannabis finance industry, as experts warn that even if the ...
Cannabis firms turn to Republic for fundraising under crowdfunding scrutiny
LOS ANGELES-- Republic, a relatively new source of lower-level direct investing for businesses, has become a popular platform for cannabis companies seeking capital. At least 18 ...
Nalu Bio Raises $12 Million in Series A Funding Round to Scale Production of Synthetic Cannabinoids
SAN FRANCISCO-- A based producer of synthetic cannabinoids, Nalu Bio, announced on Tuesday that it had raised $12 million in a Series A funding round, led ...
RIV Capital CEO Departs, Revenue Shows Slight Improvement in Q3 2022, and Company Looks to Unlock Intrinsic Value
LOS ANGELES-- Canadian cannabis investment company RIV Capital announced on Tuesday that CEO Mark Sims was leaving the company with immediate effect. The departure came as ...
Green Thumb Industries Generates $1B in Revenue for 2022, Posts Profit Despite Q4 Losses
LOS ANGELES-- Green Thumb Industries Inc. a cannabis producer and retailer in the US, announced that it hit $1 billion in revenue for 2022, a year ...
RIV Capital and Hawthorne settle disputes with JW Asset Management over Etain acquisition
LOS ANGELES--RIV Capital Inc. has reached a settlement with JW Asset Management LLC (JWAM) over a dispute related to its acquisition of New York-based medical cannabis ...
