Benzinga

MARCH 6, 2023

Virginia is approaching its second anniversary of legalizing recreational cannabis without a framework for legal sales as yet established. The Analyst Zuanic said on Friday that considering the delays in place, he doesn’t see recreational cannabis sales happening anytime soon in Virginia.

Marketability 52

Marketability 52

Law 360 M&A

FEBRUARY 1, 2023

An acquisition agreement between Canadian cannabis company InterCure Ltd. and Israeli medical cannabis operator Cann Pharmaceutical Ltd. automatically terminated Tuesday due to disagreements between the parties and the deal's failure to meet closing conditions, InterCure said.

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Benzinga

OCTOBER 16, 2023

(CSE: VEXT) (OTCQX: VEXTF ) said on Monday that it has reached an agreement pending a regulatory review period on an asset purchase agreement, together with other definitive agreements with Big Perm's Dispensary Ohio, LLC and members thereof, to acquire two cannabis dispensaries in Ohio. million in cash in return.

Compliance 59

Compliance Marketability 59

Benzinga

APRIL 22, 2024

Cannabis giant Curaleaf Holdings, Inc. (TSX: TSX: CURA ) (OTCQX: CURLF ) is closing its previously announced acquisition of Northern Green Canada, a vertically integrated Canadian licensed cannabis producer focused primarily on expanding in the international market through its EU-GMP certification.

Marketability 118

Marketability 118

Benzinga

APRIL 12, 2024

Cannabis industry's leading hiring platform Vangst has acquired CannabizTemp, the temporary staffing division of CannabizTeam. What Happened The company said on Friday the acquisition was 50% cash and 50% stock and is the first acquisition in the cannabis human resources (HR) space.

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Benzinga

APRIL 10, 2024

TSXV: PCLO ) (OTCQX: PCLOF ) revealed its plans to acquire cannabis operations in Thailand. What Happened On Wednesday, the Canadian parent of Colombia’s premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., PharmaCielo Ltd.

Marketability 69

Marketability Finance 69

Benzinga

OCTOBER 17, 2022

CSE:GDNS) (OTCQX: GDNSF ) of its intentions to ditch a deal to acquire the Canadian cannabis producer, Goodness Growth revealed a plan to commence legal proceedings against Verano. The two cannabis companies initially entered into a $413 million deal in February. Just days after Verano Holdings Corp.

Marketability 52

Marketability 52

Benzinga

APRIL 25, 2024

Nevada’s cannabis sector is undergoing notable transformations as Deep Roots Harvest, a key player in the state’s cannabis market, announces its acquisition of The Source assets, further solidifying its position in the industry. million deal. .’s million deal. In March, C21 Investments Inc.’s

Marketability 52

Marketability 52

Law 360 M&A

MAY 2, 2022

Cannabis marketing firm Springbig said Monday it's amending the terms of its previously announced go-public deal with blank-check company Tuatara, reducing the size of the combined company to an enterprise value of $275 million.

Enterprise Value 40

Enterprise Value Marketability 40

Benzinga

MARCH 15, 2024

Cannabis retail giant High Tide Inc. The deal, an arm’s length transaction, is expected to close in the coming weeks. In addition, Queen of Bud's founder and CEO, Ashley Newman, will take the role of global brand ambassador, as part of the deal. The consideration for the assets acquired will be $1 million.

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Benzinga

APRIL 5, 2024

Cannabis sales and distribution platform Petalfast announced on Thursday the acquisition of the sales and distribution subsidiary of Arizona-based Flow Distribution. Founded in 2017, Flow has been operating from Phoenix as a cannabis cultivator, manufacturer and distributor. The terms of the deal.

Marketability 52

Marketability 52

Benzinga

MARCH 19, 2024

(TSX: CURA ) (OTCQX: CURLF ) announced Tuesday that it has signed a deal to acquire Northern Green Canada (NGC). NGC is a Canadian licensed cannabis producer focused on expanding in the international market via its EU-GMP certification.

Marketability 69

Marketability 69

Law 360 M&A

NOVEMBER 4, 2022

From rap mogul to entrepreneur, now Sean "Diddy" Combs will enter the realm of cannabis as he prepares to spend up to $185 million to buy assets in three states from operators Cresco Labs and Columbia Care so the companies can clear the way to complete their merger, according to a Friday announcement.

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Benzinga

SEPTEMBER 7, 2022

Green Check Verified (GCV), a leading fintech provider of compliant cannabis solutions and services to financial institutions, announced deal terms, to acquire PayQwick , which has been servicing underbanked cannabis businesses with payments and lending since 2015. The deal was unanimously approved by both boards.

Banking 98

Banking Marketability 98

Benzinga

APRIL 10, 2023

Shares of Tilray Inc (NASDAQ: TLRY ) are trading near flat in Monday's after-hours session after the company reported third-quarter financial results — and an acquisition. Here’s what investors need to know. By The Numbers: Tilray reported third-quarter revenues of $145.6 million, which missed the average analyst estimate of $202.47

Marketability 98

Marketability 98

Benzinga

APRIL 29, 2023

Robert Hoban , co-chair of the Cannabis Industry Group , highlighted the importance of due diligence in the rapidly expanding cannabis market. "By getting an established due diligence checklist, I can evaluate my company, I can see where I stand when I go approach the outside world for a capital raise," he said.

Equity 98

Equity Marketability 98

National Law Review M&A

JULY 25, 2023

Proposed deal is reportedly tied to Philip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients. MJBizDaily reported, tobacco companies invested significant amounts in cannabis in 2018

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Law 360 M&A

FEBRUARY 24, 2023

is suing cannabis company Cura Partners Inc. Hallmark Specialty Insurance Co. and several of its executives in Oregon federal court, saying its insurance policy does not cover an underlying suit over the sale of one of its subsidiaries to Curaleaf.

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Benzinga

JULY 10, 2022

The deal has been called “transformational” as it will create one of the largest multistate marijuana operators in the United States, combining wholesale, retail and operations in the nation's largest and fastest-growing cannabis markets. Full story available on Benzinga.com.

Marketability 98

Marketability 98

Benzinga

NOVEMBER 29, 2022

Cantor Fitzgerald's Pablo Zuanic has crunched Q3 earnings numbers for two cannabis MSOs following Auxly Cannabis Group Inc. 's billion deal was announced in March and is expected to give Cresco the largest annualized Pro-forma revenue in cannabis at over $1.3 's (OTCQX: CCHWF ) quarterly performance reports.

Marketability 98

Marketability 98

Law 360 M&A

FEBRUARY 8, 2024

Aurora Cannabis Inc. million), in a cash and stock deal that the Canadian pot company said makes it the "largest global medical cannabis company operating in nationally legal markets."

Enterprise Value 40

Enterprise Value Equity Marketability 40

Law 360 M&A

AUGUST 29, 2022

Canadian cannabis giant Aurora has struck a deal to buy a controlling interest in flower and vegetable grower Bevo Agtech Inc. for $45 million.

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Benzinga

OCTOBER 24, 2023

Dama Financial , a provider of access to banking and payment solutions for the cannabis industry, has agreed to acquire Candid AI - a digital e-commerce platform that makes personal product recommendations. The move comes on the heels of the acquisition of GrowFlow, a seed-to-sale software platform.

Banking 64

Banking Marketability 64

Law 360 M&A

AUGUST 14, 2023

A cannabis investment firm's founders are looking to dodge paying nearly $13 million for an agreement allowing another cannabis venture to license Bob Marley's name, saying it flushed any obligation they have to that bill after agreeing to a $39.9 million settlement on a shareholder derivative lawsuit.

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Benzinga

JANUARY 16, 2024

What Happened Under the deal, RWB (PV) Canada Inc., a wholly owned subsidiary of RWB, acquired the intellectual property assets of Aleafia Health and subscribed for shares in the capital of each of Emblem Cannabis Corporation, Canabo Medical Corporation and Aleafia Retail Inc. As part of the deal, RWB also acquired a 9.4%

Finance 64

Finance 64

Benzinga

AUGUST 18, 2023

Truss Beverage is a joint venture between Molson Coors and HEXO Corp affiliates, which Tilray acquired in June, solidifying its position as Canada's top cannabis company with a 44% market share boost. " Simon delivered the keynote speech at the Benzinga Cannabis Capital Conference in Miami last April.

Equity 52

Equity Marketability 52

Benzinga

JULY 2, 2023

Cannabis companies Cresco Labs (OTC: CRLBF ) and Columbia Care (OTC: CCHWF ) will not be able to finalize their proposed multibillion-dollar merger due to regulatory hurdles. The Chicago-based companies failed to meet the June 30 deadline set in their agreement.

Marketability 52

Marketability 52

Law 360 M&A

MAY 25, 2023

An arbitrator must settle a dispute between a pair of Washington cannabis companies over a soured asset-purchase deal that involved trade secrets, a state appeals court said Thursday, ruling that the enforceability of a contract with an agreement to arbitrate is a question for the arbitrator, not the court.

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Benzinga

MARCH 2, 2023

(OTCQB: ZDPY ) has acquired an investment property in Pleasant Ridge, Michigan and entered into a long-term, absolute-net lease agreement with NOXX Cannabis to operate a retail dispensary. This deal has given us the chance to add a strong, established operator in a desirable market, while diversifying our portfolio.

Marketability 98

Marketability 98

Law 360 M&A

AUGUST 23, 2022

Two publicly traded cannabis companies in Canada say they are combining to create one vertically integrated platform.

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Benzinga

DECEMBER 20, 2022

Applied UV develops and acquires infection prevention and control technology in the healthcare, commercial & public venues, food transportation/storage, cannabis, and education vertical markets. The restricted share part of the deal consideration was based on a price per share. Full story available on Benzinga.com.

Technology 98

Technology Marketability 98

Benzinga

DECEMBER 6, 2022

Meanwhile, other Canadian cannabis retailers struggled to gain market share and "are all fading away," Grover explains. See Also: Cannabis Companies Struggle, Lay Off Employees To Control Costs. We expect to develop one of the largest cannabis [brick and mortar] store portfolios in the U.S. And given our access to U.S.

EBITDA 97

EBITDA Marketability Finance 97

Benzinga

MAY 29, 2023

The agreement signifies Avicanna's acquisition of assets of Shoppers' medical cannabis business , in a deal set to finalize on July 31, 2023.

Marketability 52

Marketability 52

Law 360 M&A

OCTOBER 31, 2022

Cannabis financial services business Safe Harbor Financial has announced Monday that it has agreed to purchase cannabis banking payment platform Rockview Digital Solutions Inc., also known as Abaca, for $30 million.

Banking 40

Banking 40

Law 360 M&A

APRIL 12, 2022

Cannabis company Hexo Corp. announced Tuesday that rival cannabis giant Tilray Brands Inc. has agreed to buy the remaining $193 million of Hexo's debt in a deal guided by Norton Rose Fulbright Canada LLP and DLA Piper.

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Law 360 M&A

NOVEMBER 13, 2023

A cannabis company seller's representative has sued Curaleaf Inc. in Delaware Chancery Court, seeking damages over its alleged failure to justify a unilateral $13 million post-deal price cut to a more than $85 million merger agreement.

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Law 360 M&A

MARCH 31, 2022

As recent court refusals to enforce cannabis-related contracts pose a potential negative impact on M&A activity and other industry deals, cannabis investors and businesses should expressly opt for arbitration over litigation in their contracts, say attorneys at K&L Gates.

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