Cannabis Company News

Ascend Wellness Borrows $210 Million at 9.5% for Four Years

Ascend Wellness Holdings Announces US$210 Million Senior Debt Financing Four-Year Term Bears Interest at 9.5% Refinances Existing Debt Lowering Cost of Capital Strengthens Balance Sheet to Support Investment Towards...
- August 30th, 2021 at 7:28 am

Planet 13 Triples Revenue in Q2 to $32.8 Million

Planet 13 Announces Q2 2021 Financial Results Q2 2021 Revenue of $32.8 million, up 205% compared to Q2, 2020 Q2 2021 Adjusted EBITDA of $7.2 million All figures are...
- August 26th, 2021 at 4:48 pm

SOL Global Invests $20 Million in Michigan Cannabis Operator

SOL Global Jumps Into Michigan Cannabis Market with $20 Million Investment In Common C Holdings LP TORONTO, August 24, 2021–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company”)...
- August 24th, 2021 at 8:40 am

HEXO Corp Raises $140 Million Selling Units at $2.95

HEXO Corp. Announces US$140 Million Public Offering OTTAWA, Aug. 20, 2021 (GLOBE NEWSWIRE) — HEXO Corp (“HEXO” or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced the pricing of...
- August 20th, 2021 at 9:13 am

TerrAscend Q2 Revenue Increases 72% to $58.7 Million

TerrAscend Reports Second Quarter Net Sales of $58.7 Million, Adjusted EBITDA1 of $24.3 Million and Adjusted EBITDA1 Margin of 41% Signs agreements to be the sole cultivator and manufacturer...
- August 19th, 2021 at 8:08 am

MedMen to Raise $100 Million Selling Units at $0.24

MedMen Announces Backstopped US$100M Equity Investment Led by Serruya Private Equity to Fund Expansion and Transform Balance Sheet LOS ANGELES, August 17, 2021–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the...
- August 17th, 2021 at 4:42 pm

Glass House Brands Q2 Revenue Increases 62% to $18.7 Million

Glass House Brands Reports Second Quarter 2021 Financial Results –Net Revenue Increased 62% Year-over-Year –Generates Sustained Positive Adjusted EBITDA –Conference Call to be Held August 17, 2021 at 8:00...
- August 16th, 2021 at 9:46 pm

Lowell Farms Q2 Revenue Increases 53% to $15.2 Million

Lowell Farms Inc. Announces Record Revenues and Record Cultivation Output for the Second Quarter Lowell Reports 37% sequential growth in revenue driven by large cultivation yields advances and strong...
- August 16th, 2021 at 5:31 pm

4Front Q2 Revenue Increases 114% to $27.1 Million

4Front Ventures Reports Second Quarter 2021 Financial Results and Provides Business Update Systemwide Pro Forma Revenue1 of $34.4 million compared to $31.4 million in Q1 2021, an increase of 85% year over year and...
- August 16th, 2021 at 4:47 pm