Cannabis Financing

The U.S. Cannabis Strategy No One's Talking About: Inside Canopy's $300M Plan
Selling Weed Is Like A Sneaker Drop: Running Out Isn't A Problem For This Company
Marijuana Growing Solution Provider Agrify Gets $20M Boost From Green Thumb To Power Up Cannabis Tech And New Leadership
Selling Weed Is Like A Sneaker Drop: Running Out Isn't A Problem For This Company
Marijuana Growing Solution Provider Agrify Gets $20M Boost From Green Thumb To Power Up Cannabis Tech And New Leadership
Marijuana Company LEEF Brands Consolidates Shares, Launches $1.8M Private Placement To Fuel Expansion
Asset Scramble: Body & Mind Secures $2.3M To Drive Cannabis Growth In Illinois And New Jersey

Cannabis Financing Recent News

Cannabis Debt Looms For These Weed Giants: Here's How Some Tackled Their Financial Challenges
That said, Green Market Report's Debra Borchardt took a closer look at how she called it "a tsunami of debt headed straight for the cannabis industry," or approximately $1.83 billion of the debt that's due by 2026 that many public marijuana operators opted for earlier as they lacked much-needed capital.Curaleaf Holdings, Inc. (OTC: CURLF), Cresco Labs (OTC: CRLBF), Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) and Verano Holdings (OTCQX: VRNOF) are about to face substantial debt maturities in 2026. Ascend Wellness, Green Thumb and Terrascend dealt with thier respective debts, at least for now.
EXCLUSIVE: Tracking Every Cannabis Deal Is 'A Lot Of Fun,' Says Financial Expert Behind Essential Investor Tool
For the first time in three years, there was an increase in capital raises in the cannabis sector. That's according to Frank Colombo, managing director of data analytics and investment banking at Viridian Capital Advisors.
Cannabis-Focused Commercial Mortgage REIT Exceeds $100M In New Originations With $41M Credit Facility For Maryland Marijuana Operator
AFC Gamma, Inc. (NASDAQ: AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland.The West Palm Beach, Florida-based company's move represents its second transaction with Story of Maryland, LLC.Daniel Neville, CEO of AFC said that the company hasexceeded its 2024 goal of $100 million in new originations. He called Story MD "a great example of the Cannabis 3.0 lending opportunities."
IM Cannabis' $1.6M Non-Brokered Private Placement Offering, Here's What Investors Need To Know
Medical cannabis company with operations in Israel and Germany, IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC), intends to undertake a non-brokered private placement offering of up to $1,613,000 through the sale of roughly 625,000 units. What Happened: Each unit will be comprised of one share and one share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price equal to a 50% premium to the offering price before the second anniversary of the closing date. The company plans to close the offering in one or more tranches. It will be led by the company's management team, including Oren Shuster, CEO and chairman of the board of directors and Shmulik Arbel, a director of the company.  
Tilray Acquires $23.8M Promissory Note In Deal With Double Diamond On Heels Of Brewery Acquisition
Tilray Brands agreed to acquire from DDH a promissory note for $23.8 million payable by 1974568 Ontario Limited.
Cannabis Giant Green Thumb Confirms $50M Share Repurchase Program, CEO Open To M&A And 'Unique Investments'
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), the owner of RISE Dispensaries, announced on Monday a $50 million share repurchase program.The company's board of directors gave the green light to the repurchase program which authorizes, under a normal course issuer bid, the repurchase of up to 10,573,860 of its subordinate voting shares from time to time over the next 12 months.The repurchase program will commence on Sept. 23, 2024, and expire on Sept. 22, 2025. Green Thumb's previous repurchase program expired on Sept. 10, 2024, under which the company repurchased 6.5 million shares for $73.3 million.
Cannabis Giant Green Thumb Secures $150M Credit Facility, 'Strengthens Our Already Clean Balance Sheet'
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), the owner of RISE Dispensaries announced on Thursday it has closed on a $150 million 5-year syndicated credit facility led by Valley National Bank, the principal subsidiary of Valley National Bancorp. What Happened: The notes have a maturity date of Sept. 11, 2029 and will bear interest from the date of issue at a secured overnight financing rate (SOFR) + 500 basis points, payable quarterly.The company said the transaction did not involve the issuance of any Green Thumb equity to any of the participating banks.
Tobacco Giant Invests $30.8M In Cannabis Company: BAT Private Placement Second Of Three Tranches
Cannabis producer Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has closed the second of three tranches of the previously announced CA$124,559,674 ($92.3 million) follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc, (NYSE: BTI) on Tuesday. Under the second tranche closing, the investor acquired Organigram's 4,429,740 common shares and 8,463,435 Class A preferred shares at CA$3.2203 per share, for gross proceeds of $30.8 million. The company said on Tuesday that the remaining 12,893,175 shares subscribed for are due to be issued at the per-share price in the final tranche on or around February 28, 2025.
Avicanna Secures Nearly $2M In Private Placement Deal Amid US Patent Win For Cannabinoid Topical Formula
Avicanna Inc. (TSX: AVCN) (OTCQX: AVCNF) (FSE: 0NN) announced on Thursday that it has closed a non-brokered private placement offering of its 6,620,692 ‎‎units at $0.30 per unit for aggregate gross proceed of $1,986,207. The news comes on the heels of the company's announcement that the United States Patent and Trademark Office (USPTO) has issued U.S. Patent No. US 20230025693A1, covering the company's deep penetrating topical cannabinoid composition and methods for treating musculoskeletal inflammation and pain.
Making Money In Weed: Three Cannabis Operators Get Millions To Expand In Florida, Missouri & Georgia
AFC Gamma, Inc. (NASDAQ: AFCG) announced on Monday that it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC and Sunburn Cannabis. he West Palm Beach, Florida-based company also committed an additional $5.5 million under the expansion of BeLeaf Medical, LLC's facility and holds the entire $26.1 million expanded credit facility. AFC said it has committed an additional $1.8 million under the expansion of Sunburn's credit facility and holds the entire $36.5 million expanded credit facility.
Canadian Cannabis Retail Giant High Tide Announces Closing Of $10.8M In Subordinated Debt Facility
High Tide Inc. (NASDAQ: HITI) (TSXV: HITI) (FSE: 2LYA) announced the initial closing of its previously disclosed subordinated debt facility of $1,000 principal subordinate secured debentures of the company for aggregate gross proceeds of CA$15 million ($10.8 million) for CA$900 per debenture, under subscription agreements with arm's length institutional credit providers.
Out Of Pocket: Which U.S. Cannabis Company Owes The Most Money In 2024?
In a recent report, Pablo Zuanic, senior analyst at Zuanic & Associates, analyzes the debt maturities of over 20 multi-state operators (MSOs) in the cannabis industry. This comprehensive review follows Ascend Wellness's significant $200 million debt refinancing.
TerrAscend Cannabis Wraps Up $140M Debt Financing, 'No Other Material Debt Maturing' Until 2027, Says Exec Chairman
North American cannabis company TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) announced on Friday that together with certain entities that are consolidated by the company, it has closed on a senior secured term loan for gross proceeds of $140 million from funds managed by FocusGrowth Asset Management, LP. The loan includes an initial draw of $114 million in gross proceeds by certain of the company's consolidated entities in Pennsylvania, Maryland and California, with a second draw of $26 million in gross proceeds expected in September 2024 by the company's consolidated entities in Michigan. The loan carries an interest rate of 12.75%, maturing in August 2028, while containing no prepayment penalties, and is guaranteed by the company and TerrAscend USA, Inc. No warrants were issued as part of the loan.
Weed Drinks Maker Jones Soda Closes Second Tranche Of Private Placement Offering, One More To Go Ahead Of Q2 Earnings Report
Jones Soda Co. ( CSE: JSDA) (OTCQB: JSDA) has closed the second tranche of its previously announced private placement offering of its units for aggregate gross proceeds of $640,000. The Seattle-based company closed the first tranche of a previously announced private placement offering of its units for aggregate gross proceeds of $3,013,960 on Monday. Jones Soda plans to use the funds to support growth and for general corporate purposes
Weed Drinks Maker Jones Soda Closes First Tranche Of Private Placement Offering, Here's Where The Money Would Go
Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) announced on Monday that it has closed the first tranche of its previously announced private placement offering of its units, for aggregate gross proceeds of $3,013,960. The offering is composed of one common share in the capital of the company and one‐half of one detachable share purchase warrant. The weed-infused innovator first announced a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million earlier in July, only to increase the size of its private placement shortly after. According to a July 11 press release, Jones Soda said it will issue up to 10,000,000 units of the company for $0.40 per unit, for aggregate gross proceeds of $4 million.
Weed-Infused Innovator Jones Soda Upsizes Its Private Placement To $5M
Jones Soda Co. (CSE: JSDA) (QTCQB: JSDA) announced on Thursday that it has upsized its private placement of units.The Seattle-based company first announced a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million last week, only to increase the size of its private placement shortly after. According to a July 11 press release, Jones Soda said it will issue up to 10,000,000 units of the company for $0.40 per unit, for aggregate gross proceeds of $4 million. The company now intends to issue up to a maximum of 12,500,000 of its units for $0.40 per unit, for aggregate gross proceeds of up to $5 million, according to Thursday's press release.
Ascend Wellness Cannabis Co. Closes $235M Private Placement Of Senior Secured Notes, Refinances Existing Term Loan
New York-headquartered cannabis company Ascend Wellness Holdings, Inc. (CSE: AAWH-U.CN) (OTCQX: AAWH) said on Thursday that it has closed its previously announced private placement of $235 million of 12.75% senior secured notes due 2029. The company said in a press release the notes were issued at a price of 94.75% of face value. The notes - which mature on July 16, 2029 - are senior secured obligations of the company and bear interest at a rate of 12.75% per annum, payable semi-annually in arrears until their maturity date, unless earlier redeemed or repurchased by their terms.
U.S. Inflation Drop Paves Way For Federal Reserve Rate Cuts: Will Cannabis Stocks Benefit?
The recent drop in U.S. inflation has sparked discussions about potential interest rate cuts by the U.S. Federal Reserve Bank. As inflation cools, investors are reconsidering their portfolios, with cannabis stocks emerging as a potential opportunity.
Cannabis Tech Co. Lucid Secures $1.4M In New Capital To Ramp Up Operations
Cannabis tech company Lucid Green has secured $1.4 million in financing. The company plans to utilize the new capital raise to support growth and expansion into new markets."Securing $1.4 million marks a key moment in our journey," Larry Levy, CEO of Lucid Green, said. "Year to date, we're experiencing exceptional growth, averaging 10-15% growth month over month. This funding drives us towards profitability and ubiquity in the markets we operate in."The move follows the company's $10 million Series B funding round in 2022 led by Gron Ventures, with participation by Gotham Green Partners. That money fueled Lucid Green's growth as it ramped up its client list to 400 cannabis brands nationwide and found its inventory tracking platform for more than 80 million products useful.
Cannabis Company 4Front Announces Broker Offering Of Up To $3.6M In Units, Here's Where The Money Will Go
4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) announced on Thursday it seeks to secure roughly CA$5 million ($3.65 million) in financing. The Phoenix, Arizona-based company said that it has entered into an agreement with Eight Capital, as lead agent and sole book-runner, on behalf of a syndicate of agents to be formed, to act as agents on a "best efforts" basis to sell up to 47,620,000 of its units at CA$0.105 per unit for gross proceeds of up to CA$5,000,100.The company said it plans to utilize the net proceeds of the offering to buy equipment, inventory, cultivation inputs, and additional retail licenses and complete the buildout of its new retail locations.
Simply Solventless To Acquire CannMart As It Seeks To Expand Into Hydrocarbon Cannabis Concentrates
Simply Solventless Concentrates Ltd. (TSXV: HASH) is acquiring Lifeist Wellness Inc.'s (TSXV: LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF) subsidiary CannMart Inc.The Calgary, Alberta-based company said on Wednesday that it has entered into a services agreement regarding the operations of CannMart and a share purchase agreement with Lifeist Wellness Inc. to acquire all of the shares of CannMart.
Canopy Growth Announces $250M At-The-Market Equity Program
Canopy Growth Corporation (NASDAQ: CGC) announced on Thursday that it has established an at-the-market equity program under which it can issue and sell up to $250 million worth of its common shares from treasury from time to time in concurrent public offerings in the United States and Canada.The Canadian cannabis giant said that any of its common shares sold in the ATM program will be sold in transactions made directly on the Nasdaq or the TSX or on any other available U.S. or Canadian trading market. Canopy will set the volume and timing of sales under the program, with the common shares being distributed at market prices prevailing at the time of each sale or certain other prices.
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.

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