Cannabis M&A

As the formal review process for rescheduling cannabis unfolds, industry players are closely watching its potential to transform the sector. With the DEA hearing delayed until early 2025 and a possible Trump presidency adding uncertainty, cannabis businesses are preparing for what rescheduling to...

Canopy Growth Corporation‘s (NASDAQ:CGC) strategy for capturing the U.S. cannabis market was the focal point of a recent fireside chat hosted by Zuanic & Associates. CEO David Klein and CFO Judy Hong provided insights into Canopy USA's (CUSA) growth strategy, financial projections and its...

Highsman, the cannabis brand founded by former NFL running back and Heisman Trophy winner Ricky Williams, has merged with Frozen Fields, a North Carolina-based hemp company and its sister entity Abundant Labs. The merger establishes Top Seed Inc. as the parent company while maintaining the Highsman...

Cannabis giants Village Farms, Green Thumb, and Jushi Holdings show distinct strategies for navigating a challenging landscape.  In the latest cannabis market analysis from Beacon Securities, three major multi-state operators (MSOs) Village Farms, Green Thumb Industries, and Jushi Holdings...

Papa & Barkley, a well-known cannabis wellness brand in California, has merged into Mammoth Distribution, one of the state's leading distributors. The companies announced the merger Wednesday in a joint press release. This marks a significant consolidation within California's cannabis industry...

Vangst, cannabis industry’s leading hiring platform, announced Tuesday its acquisition of GreenForce, a temporary staffing agency operating in Oregon and Arizona. This move, effective immediately, positions Vangst for further expansion both regionally and nationally, marking its second major...

Acreage Holdings, Inc. (OTC:ACRHF), a multi-state operator of cannabis cultivation and retailing facilities, announced its Q2 2024 earnings on Wednesday, revealing a mixed financial landscape marked by strategic expansions yet shadowed by a significant net loss and a revenue dip, down 33% year-over...

Senior analyst Pablo Zuanic hosted a fireside chat Monday evening with  Jon Levine, CEO of MariMed Inc. (OTC: MRMD) who outlined the company's operations, growth strategies and financial outlook. The discussion provided insights into MariMed's performance in key...

Verano Holdings Corp. (OTCQX:VRNOF) announced Monday that it wiil acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC:CBSTF) (FSE: 3LP). The acquisition, strategic to expanding its national footprint, includes one of Cannabist’s Virginia licenses, along...

In a recent episode of Benzinga's Cannabis Insider, Jordan Tritt, CEO of The Panther Group and a veteran in the cannabis investment realm, shed light on the complexities of mergers and acquisitions (M&A) and the impending impact of federal cannabis reform. “The industry as a whole is...

In a recent episode of Benzinga's Cannabis Insider podcast, Cam Horan, managing partner of Highway 33 Capital Advisory shared an optimistic outlook for the cannabis industry, particularly highlighting the potential for substantial growth and recovery in 2024.  “We’re very excited about...

Open Book Extracts (OBX), a cannabinoid product manufacturer, has inked a term sheet to acquire Nucl3o, a processor of high-purity cannabinoid isolates, Benzinga Cannabis has learned exclusively. This acquisition marks a significant move in the cannabinoid industry, as it combines OBX's large-...

Exploring the cannabis industry's transition from the early green rush to a phase of recessionary thinking, industry veteran Laura A. Bianchi of cannabis-focused law firm Bianchi & Brandt spotlights the end of unleashed growth and the resurgence of small and midsize businesses (...

Medicine Man Technologies, Inc., operating as Schwazze, (OTCQX: SHWZ) (NEO: SHWZ), announced on Monday that it has acquired certain assets of Sucellus, LLC, pursuant to which the company will manage Everest Apothecary, Inc., a New Mexico not-for-profit corporation. The Denver-based company said the...

The popular press notion that 2022 has been a disastrous M&A year in U.S. Cannabis is not the case. The graph breaks U.S. Cannabis M&A into deal size categories. Taken from the top: Green represents transactions over $500M, Brown indicates $100M-$500M deals, Blue depicts $25M-$100M deals,...