Day: February 16, 2021

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Tuatara Capital Acquisition, a cannabis-focused special purpose acquisition company (SPAC), said it raised $175 million in an initial public stock offering with an option for its underwriters to purchase and sell an additional $26.3 million worth of securities. SPACs, also known as blank-check companies, are becoming increasingly common in theContinue Reading

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Ottawa, Ontario-headquartered cannabis producer Hexo Corp. on Tuesday entered a definitive agreement to buy struggling competitor Zenabis Global for 235 million Canadian dollars ($185 million) in stock. Hexo strikes deal to acquire Zenabis for CA$235 million, eyes European, Canadian cannabis markets is a post from: Marijuana Business Daily: Financial, LegalContinue Reading

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The cannabis store regulator in Canada’s largest recreational marijuana market has once again increased the pace at which it issues store licenses, from 20 per week to 30 per week. The change took effect Tuesday, the Alcohol and Gaming Commission of Ontario (AGCO) said in a blog post. The regulatorContinue Reading

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Fire & Flower Holdings, a Canadian marijuana retail chain with an eye on international growth, applied to list its shares on the Nasdaq exchange in the United States. “The company anticipates that the Nasdaq listing will assist in attracting retail and institutional investors interested in Fire & Flower’s international growthContinue Reading

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A maturing recreational cannabis market in Maine is driving higher sales and lower prices – and consumers are spending more. Maine’s 15 licensed adult-use retailers conducted 33,521 transactions worth $2.47 million in sales in January alone, the Portland Press Herald reported, citing statistics from the state’s Office of Marijuana Policy.Continue Reading

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Medical marijuana sales in Oklahoma reached more than $800 million for 2020, more than twice that of 2019. Oklahoma medical marijuana sales surpass $800 million for 2020 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More: Oklahoma medical marijuana salesContinue Reading

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The cannabis industry added 77,300 jobs last year, a 32% gain over 2019—despite a pandemic and economic recession. The post The US cannabis industry now supports 321,000 full-time jobs appeared first on Leafly. Read More: The US cannabis industry now supports 321,000 full-time jobsContinue Reading