Day: February 17, 2021

On:

Cannabis producer Tilray cut its annual loss to $271 million for 2020, an improvement from the Nanaimo, British Columbia company’s $321 million loss in 2019, according to the full-year and fourth-quarter results released Wednesday. Tilray, which is on the verge of being merged with Canadian peer Aphria, lost only $3Continue Reading

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Federal prosecutors reportedly plan to charge a former CEO of California cannabis delivery platform Eaze in connection with a case accusing two businessmen of deceiving banks into processing $100 million worth of credit and debit payments for marijuana products. Law360.com first reported the case, citing federal district court records inContinue Reading

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12 new, hot, and best-selling strains for February including Animal Face, Zookies, Kush Mints, and Cereal Milk. The post Leafly Buzz: 12 fire cannabis strains of February 2021 appeared first on Leafly. Read More: Leafly Buzz: 12 fire cannabis strains of February 2021Continue Reading

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The Biden administration has weighed in on a U.S. Supreme Court marijuana petition, arguing that state-legal cannabis businesses can be investigated by the Internal Revenue Service for potential violations of Section 280E of the tax code. It is believed to be one of the first times the U.S. Department ofContinue Reading

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Ancillary cannabis company Agrify priced an underwritten public offering to raise $75 million, less than a month after raising $54 million in an initial public offering. The Massachusetts-based developer of indoor agriculture technology will sell roughly 5.6 million shares of common stock at $13.50 per share. Proceeds from the raiseContinue Reading

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New York fund manager JW Asset Management is teaming up with former NBA All-Star Chris Webber to launch a planned $100 million private equity fund that will invest in underrepresented marijuana entrepreneurs. A spokeswoman said $100 million is the fund’s target, and a “large portion” has been committed. The groupContinue Reading

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A decade ago, I was spearheading company growth for Atlas Snowshoes, which had just invented and launched a modern snowshoe. Transforming the cannabis concentrates market is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More: Transforming the cannabis concentrates marketContinue Reading