Virginia adult-use cannabis law isn’t even a year old, but changes are likely afoot. Much has changed in the commonwealth since then-Gov. Ralph Northam signed a bill making Virginia the first state in the south to legalize recreational cannabis. Virginia Republicans now control one-half of the legislature, and have... Read more
4Front Ventures Corp. Further Strengthens Massachusetts Footprint, Closes Accretive Acquisition of New England Cannabis Corporation Significantly expands strategic position and broadens market penetration in important limited-license state of Massachusetts Acquisition expected to be immediately accretive to the Company’s 2022 EBITDA Fully operational, technologically advanced, 55,000 sq. ft. cultivation facility... Read more
Delta 9 Announces Commitment Letter for $32 Million Non-Dilutive Credit Facility WINNIPEG, Manitoba, Feb. 01, 2022 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”) today announced that it has entered into a binding commitment letter (the “Commitment Letter”) with connectFirst Credit... Read more
Ohio’s secretary of state announced last week that cannabis activists had collected enough signatures to force lawmakers to consider a proposal to legalize recreational cannabis. The Campaign to Regulate Marijuana Like Alcohol collected more than 136,000 verified signatures from registered voters, according to the office of Ohio Secretary of... Read more
An armored vehicle company claims that officers from the San Bernardino County Sheriff’s Department and Federal Bureau of Investigation (FBI) stole legally obtained cash from drivers and clients. Empyreal Logistics, a company that transports money for dispensaries and other companies, filed a civil suit in the United States District... Read more
The National Football League (NFL) is taking another step forward by awarding funds to two cannabis research initiatives focused on the effectiveness of cannabis as a treatment for pain management. The NFL announced in a press release on February 1 that it would be presenting $1 million to two... Read more
ScottsMiracle-Gro Announces First Quarter Results; Increases Full-Year Sales Outlook for U.S. Consumer Segment Restructuring of Hawthorne manufacturing footprint announced in effort to drive efficiencies and improve competitive position by reducing costs of LED lighting units MARYSVILLE, Ohio, Feb. 01, 2022 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG),... Read more
Verano to Enter Coveted New York, Minnesota and New Mexico Markets with Proposed Acquisition of Goodness Growth Holdings Proposed acquisition expected to further national geographic expansion by adding New York and New Mexico markets ahead of both states’ transition to adult-use; securing one of two vertically-integrated licenses in Minnesota;... Read more
Innovative Industrial Properties Announces Launch of $300 Million Senior Notes Offering SAN DIEGO-February 01, 2022-(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership, IIP Operating Partnership, LP (the “Operating Partnership”), has commenced a public offering, subject to market and other conditions, of $300... Read more
The Global Cannabis Stock Index fell for the 11th consecutive month, declining 12.9% to 28.62: The index, which was down 27% in Q4, had 38 qualifying members during the month. After increasing 5.2% in 2020, it fell 26.0% in 2021 to 32.85. It has declined 69.1% from its 2021 closing high of... Read more
