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Cannabis MSOS 2023 Debt Cliff Concerns Overblown—Most Debt Matures In 2024 & Beyond
Tuesday, April 4, 2023 - 11:47am | 682There’s been some talk about potential ‘debt cliff’ concerns facing U.S. cannabis multi-state operators (MSOs) in 2023. The theory goes that publicly-traded companies struggling on the capital markets, and with cash balances contracting due to continuing net losses (with few...
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Analyst: How Do Virginia's Delayed Cannabis Sales Impact Important Deals For These Three MSOs?
Monday, March 6, 2023 - 11:47am | 749Virginia is approaching its second anniversary of legalizing recreational cannabis without a framework for legal sales as yet established. A recent decision by GOP-controlled House members to strike down a push to legalize and set a framework in 2024 delayed initial plans. Cantor...
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Ten Multistate Cannabis Companies Owe $500M To The IRS, Says A New Report
Tuesday, September 27, 2022 - 5:52pm | 1287An analysis of financial filings by Green Market Report showed that ten publicly traded multistate cannabis companies are carrying over $500 million in federal tax debts. The Multi-state operators (MSOs) are Acreage Holdings Inc. (OTC: ACRDF), Ascend Wellness Inc. (OTCQX: AAWH) (CSE...
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Cannabis M&A: How MSOs Evaluate Brands To Acquire
Wednesday, January 12, 2022 - 12:37pm | 359This article was originally published on WeedWeek and appears here with permission. More than ever before, in 2021 a growing number of brands could claim a national presence. But as MSOs expand and make acquisitions they have targeted licenses and operational capabilities far more than the names...
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Family-Run Nightshade Farm Seeks Strategic Partner As MSOs Scoop Up NY Cannabis Licenses
Friday, March 19, 2021 - 10:26am | 1015As New York gets closer to launching a recreational cannabis program, it's proving to be fertile ground for large multi-state operators (MSOs) like Curaleaf (OTCQX: CURLF), Green Thumb Industries (OTCQX: GTBIF), and Columbia Care (OTCQX: CCHWF). These companies are...
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Harvest Health & Recreation Buys Verano Holdings In $850M All-Stock Deal
Monday, March 11, 2019 - 3:41pm | 427Vertically integrated cannabis company Harvest Health & Recreation Inc (OTC: HRVSF) said Monday it will acquire Chicago-based peer Verano Holdings in an all-stock deal worth $850 million. This is the second acquisition announced by Harvest Health & Recreation in the last month. Verano,...