Columbia Care Announces Execution of Definitive Agreement for Sale-Leaseback with NewLake Capital Increasing Liquidity By $35 Million First sale-leaseback initiated by Columbia Care will close before year end 2019 and includes six of 15 properties Inaugural program sets precedent for subsequent sale-leasebacks involving additional properties expected to be announced... Read more
MedMen Strengthens Balance Sheet, Provides Updated Guidance and Enhances Corporate Governance Executes new financing that will result in US$37 million in proceeds through new equity and additional debt Agrees to amend maturity date for the Company’s US$78 million term loan from October 2020 to January 2022 Enhances corporate governance... Read more
Pete Lee is switching to his earbuds when we connect by phone. He’s Ubering from LAX to his apartment in Los Angeles after a stint in his “second home” of New York. Despite the airport traffic, Pete is incredibly happy. And not just because he’s opening for Zooey Deschanel’s... Read more
Vapes, especially portable handheld vapes, have exploded in popularity over recent years. And that includes among teens. As a result, high schools in different parts of the country are starting to take measures to crack down on vaping on school grounds. The most recent example of this comes out... Read more
The year couldn’t end without a holiday retail faux pas from a free-wheeling mega-chain with recurrent issues with third party sellers, now could it? The extremely ugly piece of clothing in question is a red, white, and blue sweater showing Santa Claus sitting at a coffee table with a... Read more
The first ‘provisioning centers’ retailing recreational cannabis in Michigan rang up more than $1.6 million in sales in just the first week of business, according to data from state regulators. With only five shops open the week that legal recreational sales began in the state, adults purchased nearly $1.63... Read more
TerrAscend Announces Proposed US$20 million Non-Brokered Private Placement Indicative Lead Orders of Approximately US$15 million TORONTO, Dec. 10, 2019 /CNW/ – TerrAscend Corp. (CSE:TER) (“TerrAscend” or the “Company”) today announced that the Company intends to complete a non-brokered private placement (the “Private Placement”) to raise approximately US$20 million through the issuance of approximately 10,775,000... Read more
Cannabis edibles company Bhang announced on Wednesday that interim president Jamie Pearson has been promoted to president and CEO of the company. In her new role, Pearson will oversee the firm’s day-to-day management and strategic initiatives. She is replacing CEO Scott Van Rixel, who has stepped down from the... Read more
If you’re out and about in Seattle, Portland, or San Francisco, you’ll probably have more luck scoring a toke than bumming a smoke. That’s according to fresh market research data from Nielsen, which measured the ubiquity of marijuana and nicotine in various United States metropolitan areas. The data, which... Read more
Mississippi voters may see an initiative to legalize medical marijuana on the ballot in November 2020, pending a review of petition signatures that could qualify the measure for the general election. Recently, a group supporting the initiative constitutional amendment, Mississippians for Compassionate Care, delivered petitions with more than 105,000... Read more
