Safe Harbor, a financial technology company specializing in banking services for the marijuana industry, reported that average client deposits reached $119.3 million at the end …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
Texas Records Reveal Trulieve Planning at Least 10 Medical Marijuana Dispensaries Across Nine Cities
Trulieve Cannabis Corp.’s planned expansion into Texas is considerably larger than previously reported, with state records identifying at least 10 proposed medical marijuana dispensary locations …
Aurora Cannabis Completes Major Expansion of German Facility, More Than Doubling Expected Annual Marijuana Flower Production
Aurora Cannabis has completed a multimillion-dollar expansion of its medical marijuana cultivation and manufacturing facility in Leuna, Germany, with the company expecting the investment to …
Aurora Urges Shareholders to Take No Action on Curaleaf’s Revised $5-Per-Share Hostile Bid
Aurora Cannabis is urging shareholders to take no action on Curaleaf Holdings’ revised hostile takeover bid while a special committee conducts a formal review of …
Trulieve Repays $65 Million Mortgage Early, Reducing Outstanding Debt to About $225 Million
Trulieve Cannabis Corp. announced Wednesday that it has fully repaid approximately $65 million in mortgage debt secured by a marijuana cultivation facility in Jefferson County, …
Curaleaf Files Formal Update Increasing Offer to Acquire Aurora Cannabis
Curaleaf Holdings has formally filed an update to its offer to acquire Aurora Cannabis, following through on an announced increase in the proposed purchase price …
Curaleaf Raises Aurora Cannabis Takeover Bid 25% to $5 Per Share
Curaleaf Holdings has increased its takeover offer for Aurora Cannabis by 25%, raising the implied consideration to US$5 per Aurora share as it continues its …
Curaleaf’s Liquid Medical Marijuana Inhaler Becomes First of Its Kind Registered in Australia
Curaleaf International says its liquid medical marijuana inhalation device has become the first of its kind to receive regulatory approval in Australia, following its inclusion …
SEC Charges Mississippi Medical Marijuana Business Owner With Misappropriating $1.94 Million From Investors
The U.S. Securities and Exchange Commission (SEC) has charged the majority owner of a Mississippi medical marijuana company with allegedly misappropriating approximately $1.94 million in …
Marijuana Banking Company Safe Harbor Announces 1-for-12 Reverse Stock Split Effective September 30
Safe Harbor Financial, a financial services company serving the marijuana and hemp industries, has announced a 1-for-12 reverse stock split effective today, September 30. The …
