Day: January 25, 2018 (Page 2)

On:

Canndescent, a major California cultivation company, has closed a $10 million Series B offering to finance the launch of new products and expand its production capacity by some eightfold. The lead investors in the raise are Floret Ventures, a San Francisco-based consultancy and investment firm, and Altitude Investment Partners in NewContinue Reading

On:

Attorney General Jeff Sessions hasn’t launched any raids or prosecutions since he revoked the Cole Memo on Jan. 4, but he’s created the same familiar chaos at the bank — and that might be enough. It’s been more than two weeks since Attorney General Jeff Sessions escalated the federal government’sContinue Reading

On:

Ontario-based Maricann plans to acquire a hemp farm in Switzerland for 8 million Swiss francs ($8.5 million), making the Canadian medical marijuana producer the latest to seek a toehold in the lucrative European hemp market Maricann announced plans Wednesday to acquire hemp producer Haxxon AG, which grows hemp for CBD productsContinue Reading

On:

Seattle-based Privateer Holdings, which has long been setting benchmarks for capital raises in the marijuana sector, has established a new standard – and demonstrated that at least some deep-pocketed investors have not been spooked by U.S. Attorney General Jeff Sessions. The marijuana-focused private equity company announced Thursday it has completedContinue Reading