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EXCLUSIVE: Tracking Every Cannabis Deal Is 'A Lot Of Fun,' Says Financial Expert Behind Essential Investor Tool
Friday, October 11, 2024 - 3:17pm | 654For 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...
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Cannabis-Focused Commercial Mortgage REIT Exceeds $100M In New Originations With $41M Credit Facility For Maryland Marijuana Operator
Monday, October 7, 2024 - 2:14pm | 487AFC 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,...
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IM Cannabis' $1.6M Non-Brokered Private Placement Offering, Here's What Investors Need To Know
Friday, October 4, 2024 - 1:09pm | 614Medical 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...
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Tilray Acquires $23.8M Promissory Note In Deal With Double Diamond On Heels Of Brewery Acquisition
Tuesday, September 17, 2024 - 10:14am | 521Tilray 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...
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Cannabis Giant Green Thumb Confirms $50M Share Repurchase Program, CEO Open To M&A And 'Unique Investments'
Monday, September 16, 2024 - 8:25am | 492Green 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...
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Cannabis Giant Green Thumb Secures $150M Credit Facility, 'Strengthens Our Already Clean Balance Sheet'
Thursday, September 12, 2024 - 9:57am | 710Green 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...
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Tobacco Giant Invests $30.8M In Cannabis Company: BAT Private Placement Second Of Three Tranches
Tuesday, September 3, 2024 - 10:07am | 659Cannabis 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...
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Avicanna Secures Nearly $2M In Private Placement Deal Amid US Patent Win For Cannabinoid Topical Formula
Thursday, August 29, 2024 - 11:06am | 532Avicanna 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...
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Making Money In Weed: Three Cannabis Operators Get Millions To Expand In Florida, Missouri & Georgia
Monday, August 19, 2024 - 9:51am | 611AFC 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...
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Canadian Cannabis Retail Giant High Tide Announces Closing Of $10.8M In Subordinated Debt Facility
Monday, August 5, 2024 - 9:36am | 563High 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...
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Out Of Pocket: Which U.S. Cannabis Company Owes The Most Money In 2024?
Friday, August 2, 2024 - 11:17am | 801In 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 (...
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TerrAscend Cannabis Wraps Up $140M Debt Financing, 'No Other Material Debt Maturing' Until 2027, Says Exec Chairman
Friday, August 2, 2024 - 10:44am | 414TerrAscend 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...
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Weed Drinks Maker Jones Soda Closes Second Tranche Of Private Placement Offering, One More To Go Ahead Of Q2 Earnings Report
Thursday, August 1, 2024 - 12:40pm | 503Jones 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...
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Weed Drinks Maker Jones Soda Closes First Tranche Of Private Placement Offering, Here's Where The Money Would Go
Monday, July 29, 2024 - 12:29pm | 459Jones 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...
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Weed-Infused Innovator Jones Soda Upsizes Its Private Placement To $5M
Thursday, July 18, 2024 - 10:11am | 503Jones 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...