Month: March 2021 (Page 14)

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California-based Terra Tech Corp. said Wednesday it finalized a deal to acquire another West Coast marijuana multistate operator, Umbrla, which does business as Unrivaled and includes multiple MJ brands in its portfolio. Terms of the deal were not disclosed other than the merger was an “all-stock transaction.” But Terra TechContinue Reading

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Voters in Vermont’s biggest city, Burlington, as well as the state capital, Montpelier, and at least 16 other towns approved recreational cannabis sales in their communities. At least 27 cities and towns went to the polls Tuesday to decide whether to allow recreational cannabis businesses, the Montpelier-based VTDigger reported. TheContinue Reading

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Federal prohibition continues to shudder on-ramps for marijuana companies to use traditional means to reach consumers and strengthen brand identity. Marijuana marketing tips in the age of federal prohibition and COVID-19  is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More:Continue Reading

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Multistate marijuana operator MariMed said it has raised $46 million to support acquisitions and repay most of its long-term debt. Hadron Healthcare Fund is providing the capital, including an initial $23 million on March 2, in exchange for MariMed stock and warrants. The fund is managed by Hadron Capital, whichContinue Reading

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Washington state’s cannabis regulatory agency has a new chairman of the board.  Washington state taps new chair of marijuana regulatory board is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs Read More: Washington state taps new chair of marijuana regulatory boardContinue Reading

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The government-run cannabis store operators for Quebec and New Brunswick reported quarterly profits for the periods ended Jan. 2, 2021, and Dec. 27, 2020, respectively. Quebec’s Société québécoise du cannabis (SQDC) posted net income of 23.3 million Canadian dollars ($18.1 million) in its latest quarter, according to three- and nine-monthContinue Reading