Cannabis Company News

Verano Borrows $120 Million at 8.5%

Verano Upsizes Credit Agreement to US$250 Million at 8.50% With an Additional US$100 Million Option Adds substantial, non-dilutive capital to the Company’s balance sheet, further buttressing its strong cash...
- October 20th, 2021 at 8:53 am

HEXO CEO Departs

HEXO Announces Strategic Executive Changes OTTAWA, Oct. 18, 2021 (GLOBE NEWSWIRE) — HEXO Corp. (“HEXO” or the “Company”) (TSX: HEXO; NASDAQ: HEXO) today announced the departure of Sebastien St-Louis,...
- October 18th, 2021 at 7:36 am

California Cannabis Company Claybourne Raises $17.5 Million

Claybourne Co. Announces $17.5 Million Over-Subscribed Capital Raise RIVERSIDE, CA, October 15, 2021 — Claybourne Industries Inc. (“Claybourne Co.”) one of California’s leading cannabis brands by retail sales, today...
- October 15th, 2021 at 12:13 pm

Cresco to Acquire Pennsylvania Operator Laurel Harvest for $80 Million

Cresco Labs to Expand Leadership in Pennsylvania Through Acquisition of Vertically Integrated Operator, Laurel Harvest CHICAGO, October 14, 2021–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically...
- October 14th, 2021 at 8:00 am

Valens Q3 Revenue Increases 16% to C$21 Million

The Valens Company Reports Financial Results for The Third Quarter of Fiscal 2021 Provincial sales net revenue increased 20.0% quarter over quarter supported by a 76.5% quarter over quarter...
- October 13th, 2021 at 5:56 pm

Sundial to Acquire Alcanna for $346 Million in Stock

  Sundial Growers to Acquire Alcanna Inc. CALGARY, AB, Oct. 7, 2021 /PRNewswire/ – Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) is pleased to announce today that...
- October 7th, 2021 at 6:17 pm

Tilray Cannabis Revenue Increases 38% to $70 million in Q1

Tilray, Inc. Reports First Quarter Fiscal Year 2022 Financial Results Net Revenue and Gross Profit Increased 43% and 46%, Respectively, for Largest Global Cannabis Cultivator 10th Consecutive Quarter of...
- October 7th, 2021 at 7:33 am

Curaleaf Closes $67 Million Acquisition of Colorado Outdoor Cultivator

Curaleaf Completes Acquisition of Los Sueños Expands Colorado Outdoor Cultivation Capacity with 66 acres in 2nd Largest U.S. Cannabis Market Acquisition Completes Curaleaf’s Vertical Integration and Bolsters State’s Biomass Production WAKEFIELD,...
- October 4th, 2021 at 8:57 am