Day: October 28, 2020

On:

Multistate operator 4Front Ventures is utilizing a $30 million sale-leaseback transaction to rid itself of debt to a corporate lender, the company said. The all-cash deal with California-based Innovative Industrial Properties (IIP) involves the sale of cultivation and production facilities owned by 4Front in Tumwater, Washington. and Georgetown, Massachusetts. IIPContinue Reading

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Denver-based Akerna, a marijuana compliance software company, plans to raise $12 million by selling 5 million shares. Shares will be available for $2.40 per during the offering, which is expected to close Oct. 30. Proceeds from the offering are intended to fund Akerna’s “growth initiatives, including product development, sales andContinue Reading

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A Bahamas committee charged with laying out an economic recovery plan recommended the country legalize marijuana for recreational, medical and religious use. The Economic Recovery Committee (ERC) called for the establishment of a regulatory body to oversee the authorization and enforcement for businesses engaged in the production, wholesale and retailContinue Reading

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A mayor in Mississippi is making a last-ditch effort to remove a business-friendly medical cannabis initiative from the ballot. Madison Mayor Mary Hawkins Butler filed the legal challenge with the state Supreme Court on Tuesday, only a week before the general election and more than a month after absentee votingContinue Reading

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Marijuana Business Daily has teamed up with diversified financial services firm Cowen to distribute the New York-based company’s acclaimed “Ahead of the Curve” research reports to the cannabis business community. The reports are now available for purchase through MJBizDaily. The initial set of reports provide critical insights on a varietyContinue Reading

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Farm Credit Canada, a government-owned agricultural lender, has steadily increased its exposure in the regulated cannabis sector in recent years, according to new figures provided to Marijuana Business Daily. The Crown corporation’s current lending to the cannabis sector sits at around 140 million Canadian dollars ($106 million), which accounts forContinue Reading