Cannabis Company News

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

AYR Wellness Closes $80 Million Pennsylvania Acquisition

Ayr Wellness Closes Acquisitions of PA Natural Medicine, LLC; Provides Update on Warrant Acceleration Adds Three Dispensaries to Ayr’s PA Footprint MIAMI, Oct. 04, 2021 (GLOBE NEWSWIRE) — Ayr...
- October 4th, 2021 at 8:44 am

Global Cannabis Stock Index Declines 21% in Q3

The Global Cannabis Stock Index fell for the seventh consecutive month, declining 12.6% to 45.02: The index, which was down 21.2% in Q3, had 44 qualifying members during the month following the...
- October 1st, 2021 at 10:57 am

Trulieve Completes Harvest Health & Recreation Acquisition

Trulieve Completes Acquisition of Harvest Health & Recreation Inc. Creating the Largest and Most Profitable U.S. Cannabis Operator Combined Company Platform Poised for Accelerated Growth Industry Leading Footprint in...
- October 1st, 2021 at 7:07 am

Cresco Labs to Move Away From Third-Party Distribution in California

Cresco Labs Shifts to Owned-Brand Distribution in California to Increase Profitability, Reduces Third Party Distribution CHICAGO, September 30, 2021–(BUSINESS WIRE)– Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the...
- September 30th, 2021 at 6:30 pm

Trulieve to Borrow $350 Million at 8% for 5 Years

Trulieve Announces $350 Million Private Placement of 8% Senior Secured Notes Leverages Industry Leading Balance Sheet to Provide for Retirement of Certain Harvest Health & Recreation Debt Upon Completion...
- September 30th, 2021 at 5:08 pm

American Cannabis Operator Index Declines 2.7% in September

The American Cannabis Operator Index fell for the seventh straight month after having scored five straight monthly gains, declining 2.7% to 54.47: During Q3, the index lost 22.8%. After gaining 45.7%...
- September 30th, 2021 at 4:33 pm