Cannabis Financing

Weed-Infused Innovator Jones Soda Upsizes Its Private Placement To $5M
Ascend Wellness Cannabis Co. Closes $235M Private Placement Of Senior Secured Notes, Refinances Existing Term Loan
U.S. Inflation Drop Paves Way For Federal Reserve Rate Cuts: Will Cannabis Stocks Benefit?
Ascend Wellness Cannabis Co. Closes $235M Private Placement Of Senior Secured Notes, Refinances Existing Term Loan
U.S. Inflation Drop Paves Way For Federal Reserve Rate Cuts: Will Cannabis Stocks Benefit?
Cannabis Tech Co. Lucid Secures $1.4M In New Capital To Ramp Up Operations
Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go

Cannabis Financing Recent News

Acreage Announces $10M Private Placement Of Units Ahead Of Acquisition By Canopy
Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) announced on Wednesday it's seeking to secure $10 million in finding.The New York-based company said in a press release that it has entered into subscription agreements with certain institutional investors to issue units by way of a brokered private placement for $833.33 per unit.
Cannabis Co. C21 Investments Secures Funding For $3.5M Acquisition Of Nevada's Deep Roots Harvest
C21 Investments announced on Monday the closing of its non-brokered private placement offering of its convertible debenture units.Under the deal, the company issued a total of 4,000 convertible debenture units at CA$1,000 ($731.375) per convertible debenture unit for aggregate gross proceeds of CA$4 million.Each convertible debenture unit offered under the private placement is comprised of one convertible debenture of the company in the principal amount of CA$1,000 convertible into the company's common shares and 1,000 detachable common share purchase warrants, with each warrant exercisable into one common share at CA$0.55 per share for 30 months from the issue date of the convertible debenture units.
Credit Check: What Does DEA Rescheduling Mean For Cannabis Credit Ratings? Big Companies' Risk-Return Profiles
The recent decision by the DEA to reschedule cannabis to Schedule III has triggered notable volatility in the market valuations of multi-state operators (MSOs).
Canopy Growth Announces Financing Deal Including Roughly $50M Of New Gross Proceeds
Canopy Growth Corporation has entered into an exchange and subscription agreement with a single institutional investor under which the Smiths Falls, Ontario-based company is expected to receive gross proceeds of roughly $50 million and exchange approximately CA$27.5 million ($20 million) of existing debt maturing in September 2025 for a new senior unsecured convertible debenture of the company maturing five years following the day of issuance. Under the terms of the deal, the investor will acquire a convertible debenture in an aggregate principal amount equal to CA$96,358,375 on closing.
Cannabis REIT Chicago Atlantic Closes $20M Facility With Massachusetts Weed Co. That Plans To Expand In These Key Markets
Massachusetts-based integrated cannabis operator Nova Farms has received a $20 million loan facility from Chicago Atlantic Real Estate Finance. Nova Farms manages a Massachusetts cultivation farm, seven retail brands, and five full-service dispensaries across the Bay State, Maine, and New Jersey. It was among the first businesses to secure licenses in Massachusetts upon the state's legalization of recreational cannabis back in 2016. Chicago Atlantic's capital investment is expected to back Nova Farms' efforts to expand its footprint of dispensaries in key states, namely New Jersey and Connecticut.
How To Secure Dividends And Returns In Marijuana Real Estate: Analysis Reveals Stock With Potential
New Lake Capital Partners (OTC: NLCP) has emerged as a key player, capitalizing on the industry's expansion and the increasing need for capital among multi-state operators (MSOs).
Hydroponics Giant Announces $6M Share Repurchase Program, CEO Says Understanding 'Where Every Nickel Goes' Is Vital For Business Growth
Beginning on April 1, the share repurchase program, will continue for up to one year, allowing for repurchases to be made in the open market. Darren Lampert, the company's co-founder and CEO, explained what the move means for GrowGen. "Today's announcement of our share repurchase program further underscores our conviction in the strength of our underlying business and our view that GrowGen shares remain undervalued," Lampert said. "This program acts as one pillar of our shareholder value creation strategy as we continue to evaluate all potential uses for our strong balance sheet, including reinvesting in our brands, strategic acquisitions, and stock repurchases to enhance long-term shareholder value."
Marijuana Vape-Tech Company Doing Business With Celebs Announces $12.3M Public Share Offering
spire Technology Inc., a maker of e-cigarettes and cannabis vaping products, announced on Friday the pricing of a public offering of 2.05 million shares of common stock for $6 per share for gross proceeds of $12.3 million. The Los Angeles-based company said in a press release the closing of the offering is expected to take place on or about Tuesday, March 26. Ispire said it plans to use the net proceeds of the offering in connection with the establishment and operation of its manufacturing facility in Malaysia, the funding of its joint venture with Touch Point Worldwide Inc., which is doing business as Berify and Chemular Inc., and for working capital and general corporate purposes, including research and development.
Las Vegas Cannabis Powerhouse Planet 13's $11.3M Infusion To Fuel Florida Expansion And More
Planet 13 announced the pricing of its underwritten public offering, aiming to raise around $11.3 million through the sale of 18.75 million units at $0.60 per unit. Each unit includes a share of common stock and a warrant, with additional options for the underwriters to purchase more shares and warrants. The company plans to utilize the funds for general corporate purposes and expansion in states like Nevada, Florida, and Illinois. In a move towards expansion, Planet 13 had previously acquired VidaCann, aiming to strengthen its presence in Florida's competitive cannabis market. Looking ahead to 2024, the company is focused on preparing for potential adult-use legalization in Florida and increasing operating efficiency for growth and profitability. Planet 13 reported positive fourth-quarter results, with improved adjusted EBITDA and a reduced net loss compared to the previous year.
Latin American Cannabis Co. Blueberries Medical Wraps Up 2023 With Multi-Million Dollar Private Placement Deal
Blueberries Medical, a Latin American licensed producer of medicinal cannabis and cannabis-derived products, has announced a non-brokered private placement, to raise approximately CA$1.9m ($1.4m). The company announced the sale of 180,716,00 common shares at CA$0.011 per share. The net proceeds from the sale will be used to repay existing debt and for general corporate and working capital purposes. The offering was led by Terraflos, a Latin American company founded and controlled by Facundo Garreton, who serves as Blueberries' chairman, CEO, and director. Terraflos is exploring opportunities in Argentina, Mexico, and Brazil and plans to expand into those markets in the near future.
Vancouver Cannabis Co's $2.3M In Private Placement Deal Paves Way For More International Expansion
Christina Lake Cannabis Corp. (CSE: CLC) (OTCQB: CLCFF) (FRANKFURT: CLB) has closed the first tranche of a non-brokered private placement of secured convertible promissory notes in the principal amount of CA$3.19 million ($2.35 million).
Insider Tips: Engaging And Retaining Your Cannabis Workforce Amid Financial Hardships
Restricted industry capital calls for new considerations on fundamental topics such as innovative frameworks for the relationship between employers and employees.
Cannabis Commerical Lender Bespoke Financial Raises $8M From Snoop Dogg's Casa Verde Capital, Sweat Equity Ventures, Others
Cannabis-focused commercial lender, Bespoke Financial, confirmed Monday it has completed an $8 million Series A funding round, co-led by Snoop Dogg’s Casa Verde Capital and Sweat Equity Ventures.