High Tide Inc. announced today that it has entered into a definitive agreement to acquire four established retail cannabis stores in Ontario from J. Supply Holdings Inc., which operates as Northern Helm, while also securing credit approval for C$40 million in new senior secured credit facilities. The acquisition, valued at $7.74 million, would add stores …
Category: Cannabis Business
Cannabis business news covering company earnings, acquisitions, store openings, market trends, investments and major industry developments.
Trulieve Announces $50 Million Share Repurchase Program
Trulieve Cannabis Corp. announced today that its Board of Directors has authorized a share repurchase program allowing the company to buy back up to $50 million worth of its subordinate voting shares. Under the program, Trulieve may repurchase up to the lesser of $50 million in aggregate value or 8,495,038 subordinate voting shares, which represents …
TerrAscend Schedules Shareholder Vote for Potential U.S. Uplisting, Chairman Says It’s “No Longer a Question of If”
TerrAscend Corp. has scheduled a special meeting of shareholders as the company prepares for a potential uplisting to a major U.S. stock exchange. The company announced today that it has filed notice to hold the special meeting on August 24, with shareholders set to vote on a proposed consolidation of TerrAscend’s common shares. The record …
Curaleaf Reverse Stock Split to Take Effect Friday
Curaleaf Holdings confirmed today that its previously announced 1-for-3 reverse stock split will take effect on Friday, reducing the number of outstanding subordinate voting shares by roughly two-thirds while keeping the company’s trading symbols unchanged. The company, one of the largest marijuana operators in the U.S. and international markets, said its subordinate voting shares will …
Aurora Expands Veteran-Focused Marijuana Program Across Canada
Aurora Cannabis says it has expanded its support for veteran-focused organizations across Canada through its Strains for Heroes program, which directs a portion of product profits to groups serving veterans and their families. The Canadian medical marijuana company announced today that 5% of net profits from Strains for Heroes products are donated annually to veteran-focused …
Verano Approves 1-for-5 Reverse Stock Split Ahead of Potential U.S. Exchange Listing
Verano Holdings Corp. has approved a 1-for-5 reverse stock split as the multistate marijuana operator prepares for a potential listing on a major U.S. stock exchange. The company announced today that its board of directors approved the reverse stock split, which is expected to take effect on or around June 11. Under the plan, every …
Curaleaf Announces 1-for-3 Reverse Stock Split Ahead of Potential U.S. Stock Exchange Uplisting
Curaleaf Holdings announced Tuesday that it will conduct a 1-for-3 reverse stock split as part of its effort to prepare for a potential uplisting to a major U.S. stock exchange. The company says the reverse split is being done in consultation with major U.S. exchanges and is expected to take effect on or about June …
FundCanna Secures Up to $60 Million Credit Facility to Expand Marijuana Industry Lending
FundCanna has secured a senior credit facility of up to $60 million, a move the company says will expand its ability to provide funding to marijuana operators and supply-chain businesses at a time when the industry continues to face limited access to traditional financing. The San Diego-based company said the facility comes from a global …
Aurora Granted Canadian Plant Breeders’ Rights for Two Proprietary Cannabis Cultivars
Aurora Cannabis has been granted Plant Breeders’ Rights in Canada for two proprietary cannabis cultivars developed through the company’s internal breeding program. The rights cover SOT20R07-007, known as Farm Gas, and SOT20R07-005, known as Driftwood Diesel. Both were developed at Aurora Coast, the company’s research and development facility in Comox, British Columbia. Plant Breeders’ Rights …
Trulieve Announces Proposed Domestication from British Columbia to Delaware
Trulieve Cannabis Corp. announced today that it plans to ask shareholders to approve a move that would shift the company’s corporate home from British Columbia, Canada, to Delaware, a change the company says would better align its structure with its U.S.-based operations. The Florida-based marijuana operator announced today that it will pursue a proposed plan …
