Month: May 2020 (Page 5)

Cresco Labs, a vertically integrated multistate marijuana company, said it agreed to purchase four Ohio medical marijuana dispensaries, currently operated by Verdant Creations, as the Illinois-based company increased its investment in what’s shaping up to be a lucrative market. Cresco will pay $375,000 in cash for each store as wellContinue Reading

Colombian-based Khiron Life Sciences is a global cannabis company that has developed a reputation as a Latin American industry leader. In March 2020, Khiron made history by becoming the first company to develop and commercialize a medical cannabis product in Colombia. Since then, the company has achieved many other milestonesContinue Reading

Manitoba will soon begin taking applications for new cannabis store licenses, opening up the recreational marijuana market in the central Canadian province to all comers. Applications will be accepted starting June 1, but the province will only process one location per applicant at a time. Applicants without any existing storesContinue Reading

If you’re lucky, the weather is really starting to warm up where you are — which means summer is right around the corner. While the sun is beginning to stay out longer, it’s the perfect time to get outside (if you are fortunate to have the private space to doContinue Reading

Thanks to a drop in business valuations and difficulties obtaining capital, mergers and acquisitions in the marijuana sector are happening much slower than they did as recently as 2018. Why some cannabis executives are refocusing their M&A goals is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness newsContinue Reading