News
Vireo Growth to Acquire Nevada-Based C21 Investments
MINNEAPOLIS – In a move that underscores ongoing efforts by larger players to strengthen their positions in key state markets, Vireo Growth Inc. and C21 Investments Inc. have entered into a definitive arrangement agreement. The all-stock transaction would see Vireo acquire C21, adding retail and production assets in Nevada to Vireo’s existing operations. Vireo Growth, ...
Viridian Reports a Substantial Increase in Cannabis M&A Deals
LOS ANGELES – Merger and acquisition (M&A) activity in the legal Cannabis sector posted a notable year-over-year increase in Q1 2026, according to the Q1 2026 Cannabis Deal Tracker Report published by Viridian Capital Advisors, the New York-based investment bank and data services firm that has tracked Cannabis capital markets transactions since 2015. Operators Shift ...
Cannabis B2B Gets a Credit Layer: FundCanna Plugs BNPL Into Apex Trading
SAN DIEGO – FundCanna, the largest dedicated provider of working capital to operators in the regulated Cannabis industry, announced a strategic partnership with Apex Trading, one of the fastest-growing B2B marketplaces in Cannabis. The deal brings embedded financing into a wholesale platform that has grown well beyond startup ambit. Through the integration, FundCanna's ReadyPaid™ Buy ...
Aurora Cannabis Reports FY and Fiscal Q4 2026 Financial Results
EDMONTON – Aurora Cannabis Inc. reported its financial and operational results for the fourth quarter and fiscal year ending March 31, 2026. For the full fiscal year, net revenue rose 11% to CA$321 million, exceeding the top end of Aurora's own guided range by CA$8 million. The company achieved record annual global medical Cannabis net ...
Optimi Ships Psilocybin to the UK for Phase 2 Trial
VANCOUVER – Optimi Health Corp. announced it has completed its first export of naturally derived psilocybin to the United Kingdom, with the material earmarked for a planned Phase 2 clinical trial whose partner and therapeutic indication have not yet been disclosed. The shipment includes psilocybin biomass and finished 5mg capsules – the same formulation currently ...
Glass House Brands Opens New Equity Window With $100M ATM Program
LONG BEACHㆍTORONTO – Glass House Brands filed a new short form base shelf prospectus with securities regulators across all Canadian provinces and territories, replacing an earlier version that was due to expire on June 17. Alongside that filing, the company launched an updated at-the-market (ATM) distribution program, allowing GHB to sell up to $100 million ...
Global CBD Isolate Market Set to Nearly Triple by 2033
LEWES – The global market for CBD isolate, the purified form of cannabidiol that contains no THC or other cannabinoids, stands out for its versatility in product formulation. According to the latest analysis by Verified Market Research, the sector, valued at $3.2 billion in 2025, is expected to reach $9.2 billion by 2033, expanding at ...
Seed Junky Genetics Enters European Medical Cannabis Markets
LOS ANGELES – Seed Junky Genetics, the Cannabis genetics and intellectual property (IP) company, announced a licensing partnership with Green Success Group to enter the European medical Cannabis market, with a coordinated launch across Germany and the United Kingdom. The deal marks Seed Junky's first formal entry into regulated European markets. The brand, led by ...
Trulieve Announces Share Buyback Program
TALLAHASSEE – Trulieve Cannabis Corp. announced that its Board of Directors has authorized a share repurchase program, allowing the company to buy back up to the lesser of $50 million in aggregate value or 8,495,038 subordinate voting shares, representing 5% of issued and outstanding subordinate voting shares as of June 8, 2026, over a 12-month ...
Michigan Cannabis Wholesale Tax Falls Short of Early Expectations
LANSING – State officials hoped the 24% wholesale tax on adult-use Cannabis, which took effect January 1, would deliver steady money for road repairs. Initial collections tell a different story. The tax generated nearly $34 million through the end of April, according to the Michigan Treasury Department's monthly financial report. That figure covers the first ...
Village Farms Launches Cultivation at Its Second Dutch Facility
GRONINGEN – Village Farms International, Inc. recently announced the commencement of cultivation at its Phase II cultivation and processing facility in Groningen, the Netherlands, after receiving all required regulatory approvals. The Groningen facility aims to hit full production capacity by early 2027, boosting the company's maximum annual production capacity in the Netherlands to around 10 ...
Cresco Labs Secures $50M Revolving Credit Facility
CHICAGO – Cresco Labs Inc. announced the closing of a credit agreement with Needham Bank, giving the company access to a $50 million revolving credit facility. The facility carries a fixed interest rate of 7.99% and remains available through August 2030. Borrowings under the facility can be used to fund growth initiatives, acquisitions, and general ...
FundCanna: Institutional Money (Finally) Finds Cannabis
LOS ANGELES – For years, Cannabis operators have built real businesses without access to the financial infrastructure that real businesses normally rely on. That may finally be starting to change. A San Diego-based Cannabis lender has secured a major new credit facility from a global institutional investment firm, in a deal that underscores a slow ...
Cross-Border Deals Now Define Cannabis M&A
LOS ANGELES – The global Cannabis industry has entered a new phase, one where the most influential deals are no longer being struck in North America, but across continents. The month of June kicked off with a transaction that will be studied for years to come. Two Australian operators, one with roots in clinical Cannabis ...
Week in Review: Cannabis & Psychedelics Industry Highlights
LOS ANGELES – Highly Capitalized Network-HCN tracked meaningful steps in operational strengthening, capital readiness, and program performance across the Cannabis and Psychedelics sectors during the past two weeks. The capital markets finally spoke, and they said consolidation. Two of the largest U.S. Сannabis companies moved simultaneously to restructure their share counts ahead of anticipated listings ...
Trulieve Approved to Uplist to NYSE in Historic Milestone for U.S. Cannabis Industry
TALLAHASSEE, Fla. — June 5, 2026 — In a landmark moment for the U.S. Cannabis industry, Trulieve Cannabis Corp. announced today that it has received approval to list its subordinate voting shares on the New York Stock Exchange (NYSE), becoming one of the first major U.S. Cannabis operators to secure a listing on a premier ...
Psilocybin Shows Promise in Treating Cocaine Addiction
BIRMINGHAM – For the first time, a peer-reviewed, randomized clinical trial showed that psilocybin significantly reduced cocaine use when combined with structured psychotherapy. The findings, published in JAMA Network Open by researchers at the University of Alabama at Birmingham, are drawing attention across addiction medicine for a simple reason: No medications have ever been proven ...
Lawmakers Press IRS for Clear Tax Rules on State-Legal Cannabis Operations
WASHINGTON – Rep. Steven Horsford (D) and Rep. Steve Cohen (D) led a letter to Treasury Secretary Scott Bessent and IRS Chief Executive Officer Frank Bisignano, urging the administration to provide clear, timely guidance for state-legal Cannabis businesses. The lawmakers' request comes weeks after the Treasury Department and the IRS announced they would provide guidance ...
FundCanna Launches Free Dispensary Inventory Calculator
SAN DIEGO – Cash flow has always been the structural fault line running beneath Cannabis retail. Operators juggle compressed margins, limited banking access, and pricing pressure from a market that hasn't stopped softening. Yet, one of the most common drains on working capital (excess inventory) rarely shows up as a line item until an operator ...
Young Japanese Are Turning to Cannabis at Record Rates
TOKYO – The numbers released by Japan's National Police Agency (NPA) are striking by any measure. Japanese police investigated a record 6,832 individuals in Cannabis-related cases in 2025, up 754 from the previous year. The figure more than doubled from 2017, when it stood at 3,008. More telling than the total, though, is who those ...
Kentucky Governor Expands Medical Cannabis Eligibility
FRANKFORT – Kentucky Gov. Andy Beshear signed an executive order directing the state's Office of Medical Cannabis to issue emergency regulations adding 15 new qualifying conditions to the program, more than doubling the original list established under the 2023 law (SB 47) that first legalized medical Cannabis in the Commonwealth. Under that statute, only six ...
Abstrax Earns Spot on Fast Company’s Most Innovative Companies List
IRVINE – Abstrax, the botanical flavor science company that built its foundation on essential oils and Cannabis terpene research, has been named to Fast Company's 2026 list of the World's Most Innovative Companies, placing fifth in the Manufacturing category among 720 honorees across 59 sectors and regions. Founded in California in 2017, Abstrax began with ...
AYR Wellness Hands Off Three More States to Arboretum
MIAMI – AYR Wellness Inc. has completed the transfer of its Cannabis operations in Florida, New Jersey, and Nevada to wholly-owned subsidiaries of Arboretum Bidco LLC, the entity established by its senior secured noteholders to receive the company's core assets under a restructuring support agreement that has been unfolding since the summer of 2025. The ...
Vireo Growth Initiates Share Consolidation
MINNEAPOLIS – Vireo Growth Inc. continues to adjust its capital structure as it integrates recent acquisitions and positions itself among larger players in the U.S. Сannabis market. The company announced it will consolidate its multiple voting shares, subordinate voting shares, and super voting shares at a 30-for-1 ratio. The move takes effect at market open ...
Verano Consolidates Shares Ahead of U.S. Exchange Listing
CHICAGO – Verano Holdings Corp. announced that its Board of Directors has approved a 1-for-5 reverse stock split of the company's common stock, with the consolidation expected to take effect on or about June 11, 2026. The company believes the ratio of one post-consolidation share for each five pre-consolidation shares will advance Verano on its ...
