Cannabis financing

For the first time in three years, capital raises in the cannabis sector increased, according to Frank Colombo, managing director of data analytics and investment banking at Viridian Capital Advisors. Colombo provided an overview of capital raising trends in the space on Tuesday at the Benzinga...

AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has committed and funded $41 million to a senior secured credit facility a vertically integrated cannabis operator in Maryland. The Florida-based company's move represents its second transaction with Story of Maryland, LLC. Daniel Neville,...

Medical cannabis company with operations in Israel and Germany, IM Cannabis Corp. (NASDAQ:IMCC) (CSE:IMCC), intends to undertake a non-brokered private placement offering of up to $1,613,000 through the sale of roughly 625,000 units. What Happened: Each unit will be comprised of one share and one...

Tilray Brands, Inc. (NASDAQ:TLRY) agreed to acquire a promissory note from Ontario-based Double Diamond Holdings Ltd (DDH) for $23.8 million, according to a regulatory filing. DDH is a joint venture with Aphria Inc., Tilray's direct and wholly-owned subsidiary, in Aphria Diamond. In return, Tilray...

Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), the owner of RISE Dispensaries, announced a $50 million share repurchase program on Monday. What Happened: The company's board of directors approved the repurchase of up to 10,573,860 of its subordinate voting shares from time to time over the...

Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), the owner of RISE Dispensaries announced on Thursday it has closed on a $150 million 5-year syndicated credit facility led by Valley National Bank, the principal subsidiary of Valley National Bancorp. What Happened: The notes have a maturity...

Cannabis producer Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) has closed the second of three tranches of the previously announced CA$124,559,674 ($92.3 million) follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc, (NYSE:BTI...

Avicanna Inc. (TSX:AVCN) (OTCQX:AVCNF) (FSE: 0NN) announced on Thursday that it has closed a non-brokered private placement offering of its 6,620,692 ‎‎units at $0.30 per unit for aggregate gross proceeds of $1,986,207. The news comes on the heels of the company's announcement that the United...

AFC Gamma, Inc. (NASDAQ:AFCG) announced on Monday that it has closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC and Sunburn Cannabis. What Happened & Why It Matters AFC said it has committed $11...

High Tide Inc. (NASDAQ:HITI) (TSXV:HITI) (FSE: 2LYA) announced the initial closing of its previously disclosed subordinated debt facility of $1,000 principal subordinate secured debentures of the company for aggregate gross proceeds of CA$15 million ($10.8 million) for CA$900 per debenture, under...

In a recent report, Pablo Zuanic, senior analyst at Zuanic & Associates, analyzes the debt maturities of over 20 multi-state operators (MSOs) in the cannabis industry. This comprehensive review follows Ascend Wellness's significant $200 million debt refinancing. Ascend Wellness Holdings (...

TerrAscend Corp. (TSX:TSND) (OTCQX:TSNDF) announced on Friday that together with certain entities that are consolidated by the company, it has closed on a senior secured term loan for gross proceeds of $140 million from funds managed by FocusGrowth Asset Management, LP. Read Also: Cannabis Company...

Jones Soda Co. (CSE:JSDA) (OTCQB:JSDA) has closed the second tranche of its previously announced private placement offering of its units for aggregate gross proceeds of $640,000. What Happened The offering is composed of one common share in the company's capital and one‐half of one detachable share...

Jones Soda Co. (CSE:JSDA) (OTCQB:JSDA) announced on Monday that it has closed the first tranche of a previously announced private placement offering of its units for aggregate gross proceeds of $3,013,960. What Happened The offering is composed of one common share in the capital of the company and...

Jones Soda Co. (CSE: JSDA) (QTCQB: JSDA) announced on Thursday that it has upsized its private placement of units. The Seattle-based company first announced a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million last week, only to...