Canadian company Canopy Growth recently signed a $3.4 billion agreement to acquire the US medical cannabis firm Acreage Holdings. Although the deal is still contingent on stockholder agreement with a vote in June and regulatory approval by both...
Business
Big Shakeup at MedMen as Top Executives Quit
MedMen Enterprises continues to face challenges with the resignation of the chief operating officer and general counsel in April. More shakeups in management continue for the cannabis retailer based in Culver City, California. Problems also...
Cannabis One Continues National Growth with Acquisition of Nevada-based Company
Cannabis One announced it will acquire Nevada-based cultivation, manufacturing, and brand house Evergreen Organix for $24.6 million once approval is received from the Nevada State regulators. The strategy of this acquisition is to give Cannabis...
Canadian Cannabis Pipeline Remains Clogged with Regulation
When cannabis was legalized in Canada, businesses and the Canadian government anticipated a considerable windfall. Consumers clamored for the product while growers and retailers planned to meet those demands. However, serious problems have arisen...
Cannabis Companies Embrace Intelligent Automation
According to Cannabis Tech, the cannabis industry is incorporating automation. Integrating this new technological advancement can shape the continuing success of cannabis commerce and trade. Intelligent automation is defined by Forbes as “a more...
Luxury Retail Embraces Cannabis
Cannabis transforms into luxury with elevated products, contemporary tools, and stylish clothing. Cannabis Now will launch an upscale retail experience on April 19 featuring cannabis and hemp in a 2,800-square-foot space in Beverly Hills. The...
Drugstore Chains to Sell CBD Products
The largest drugstore chain in the United States, CVS Health Corp. has announced that the retailer will sell CBD products. While questions about legality in the US continue, CVS will carry the product line of US cannabis retailer Curaleaf...
Big Business Gobbling up Smaller Cannabis Enterprises
The cannabis industry is hotter than ever, with new deals announced almost every day and merger and acquisition activity at an all-time high. Shockwaves reverberated in the cannabis space when Curaleaf Holdings announced its acquisition of Acres...
Largest Acquisition in Cannabis To Date Combines 2 US Companies
It was recently announced that Harvest Health & Recreation, a vertically integrated cannabis company with one of the largest footprints in the US, acquired Verano Holdings. The two companies merging will expand its reach across the country...
Canadian Cannabis Company, Ascent, Granted Creditor Protection
The profit and revenue from the cannabis industry continues to grow with the latest figures from states such as Oklahoma ($7.2 million in sales in February). But Canadian cannabis company Ascent Industries is facing financial trouble. Oklahoma...
