Pelorus Equity Group Closes Second and Final Tranche of US$77.3M Debt Financing with Harborside Completion of $35M Second Tranche Follows Close of StateHouse Holdings Transaction NEWPORT BEACH, Calif., April 11, 2022 (GLOBE NEWSWIRE) — Pelorus Equity Group (“Pelorus” or “the Company”), the leading provider of value-add bridge commercial real estate loans... Read more
Social Equity in California Cannabis Needs to be more than a Political Photo-opportunity
By Richard P. Ormond Starting in the 1930s when the modern era of drug enforcement laws was launched, communities of color were disproportionally caught in the crosshairs of the criminal-justice system in the United States, with prison populations looking nothing like a true cross-section of society. It is no... Read more
With COVID cases in decline, the tourism industry, including Airbnb, is well on its way to thriving once more. Cannabis tourism in particular is ramping up as well, thanks to the continuing increase in the number of states that are either working on, or rolling out, their recreational and/or... Read more
Harborside Inc. Completes Acquisition of Loudpack to Form One of the Largest Vertically Integrated Cannabis Enterprises in California
“This is an important milestone,” said Ed Schmults, Chief Executive Officer of Harborside. “By combining the businesses of Harborside, Sublime, Urbn Leaf and Loudpack, we established a true leader in California’s cannabis industry with a strong platform for growth. The Loudpack team, led by CEO Marc Ravner, has built a tremendous business that... Read more
Equity Member Spotlight: Modesto Cannabis Collective
NCIA’s editorial department continues the Member Spotlight series by highlighting our Social Equity Scholarship Recipients as part of our Diversity, Equity, and Inclusion Program. Participants are gaining first-hand access to regulators in key markets to get insight on the industry, tips for raising capital, and advice on how to access and utilize... Read more
Planet 13 Announces Q4 and Full Year 2021 Financial Results Q4 2021 revenue of $29.9 million, up 48% compared to Q4 2020 Q4 2021 net loss of $5.1 million, compared to net loss of $18.2 million in Q4 2020 Q4 2021 Adjusted EBITDA1 of $1.9 million Full year 2021... Read more
U.S. House Reps. Nancy Mace, a Republican from South Carolina, and Barbara Lee, a Democrat from California, introduced a resolution on Friday “instructing the United Nations to deschedule cannabis from Schedule 1 of the Single Convention on Narcotic Drugs of 1961, and treat cannabis as a commodity similar to... Read more
Cannabis farmers in California are burdened with high taxes, but Sonoma County farmers will have some relief at the local level by slashing cultivation taxes nearly in half. The County of Sonoma Board of Supervisors announced in a March 17 press release that they recently agreed to amend the... Read more
Novato approves new round of cannabis business applicants

Novato’s second round of prospective cannabis business owners received unanimous approval from the City Council.

The post Novato approves new round of cannabis business applicants appeared first on The Cannifornian.

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Glass House Brands Reports Fourth Quarter and Full Year 2021 Financial Results 2021 Net Revenue Increased 44% Year-over-Year All Licenses for Phase I Retrofit of SoCal Cultivation Facility Received, with First Harvest Expected During Q3 2022 Conference Call to be Held March 17, 2022 at 8:00 a.m. ET LONG... Read more
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