Bottom line: The company — which is one of the largest privately held
cannabis companies in Canada — will issue between 20.5 million and 27.4 million units, made up of a common share and a half - share purchase warrant, at $ 3.65.
Gleneagle Gold will make a second attempt at a reverse takeover with plans to buy a local unlisted medical
cannabis company in a deal worth about $ 8 million.
The startup's secret sauce is a software platform that audits
a cannabis company in its entirety, shifting through documents and state licenses, financial statements, tax returns, property leases, and more, to ensure it is legal and legitimate.
January 2017 Michael Gorenstein of The Cronos Group, a publicly traded
cannabis company in Canada, shares incredible insights at every stage of the cannabis business: growing, manufacturing, branding, research, investing, and more.
After opening his own restaurant and record label, the son of Bob Marley started
a cannabis company in 2014.
Not exact matches
«There is a material risk that if the Obama era policies regarding
cannabis are not followed, our business could end and investors could lose their total investment
in our
Company,» wrote The Marijuana
Company of America.
A new CEO abandoned the
company's profitable niche
in Colorado to focus on
cannabis distribution
in California.
Six of the marijuana
companies filed documents mentioning Attorney General Sessions specifically, who has been outspoken
in his opposition to legalized
cannabis.
In its 2017 State of
Cannabis report released earlier this year, California marijuana delivery
company Eaze reported that edible sales have increased as more people learn best practices for proper dosing.
This dissonance is leading to a boom
in the
cannabis compliance industry, with startups offering to help
companies navigate federal laws and regulations.
A Canadian
company called IC Potash changed its name last year to Belgravia Capital International, and intends to produce specialized fertilizers for
cannabis firms and form partnerships with growers
in Canada and the U.S. Belgravia also proposes to use «blockchain technology software» to track seed sales and quality.
Lerer Hippeau recently led an investment
in a
cannabis media
company out of Canada.
MedMen, the
cannabis company with west coast locations from Los Angeles to Las Vegas, wants its flagship store
in New York City to contribute to their larger goal of destigmatizing use and moving beyond «stoner culture.»
Tiger Global is diving into
cannabis with an investment
in marijuana compliance software
company Green Bits.
On top of the risk of federal prosecution, IRS targeting and asset seizure,
cannabis entrepreneurs have to cope with the hazards of conducting a business that deals mostly
in cash, since a majority of traditional financial institutions — banks, credit card issuers, and payment transaction
companies — won't provide services to the industry.
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana
companies like Marley Natural and Canadian pharmaceutical - grade
cannabis producer Tilray, says his
companies are expanding abroad while the U.S. Drug Enforcement Agency and the Food and Drug Administration debate whether or not to treat the plant as a medicine or keep it
in the same category as heroin.
This U.S. venture capital
company invests
in numerous business segments, including its foray into RegTech thanks to Managing Partner Wayne Kimmel's decision to put money into KIND Financial, a regulatory and compliance platform for the
cannabis industry and for the government to monitor those businesses.
Shares
in TW Holdings slumped sharply today after it announced a backdoor listing of medical
cannabis company AusCann Group Holdings, the second deal of this type involving members of the Washer family.
-- Melissa A. Vitale, founder of Melissa A Vitale PR, a PR firm specializing
in top - tier media placements that hit six - figure revenue
in its first six months, with clients including Fortune 500
companies and startups across A.I., sexual wellness, and legal
cannabis
The developer of a gun safety device has become the fifth Israeli
company in the technology or medical
cannabis sectors to pursue a listing on the ASX through either an IPO or a reverse takeover of a moribund WA mining
company.
Take Canopy, for example, the highest - valued Canadian
cannabis company and one whose shares move
in lockstep with the headlines.
A wearable technology
company founded by Perth entrepreneur Justin Miller and an Israeli medical
cannabis company are the latest businesses planning to join the rush of backdoor listings on the ASX, though the news is not all positive with Voyager Global Group becoming the seventh
company forced to cancel an announced deal
in the past 18 months.
«I don't think it's realistic for Trump to wage an all - out war against recreational marijuana,» says Aaron Herzberg of CalCann Holdings, a portfolio of
cannabis companies and brands
in California.
He founded his
company Weedmaps, a sort of Yelp for marijuana dispensaries,
in 2008, and now serves on the board of directors for the National
Cannabis Industry Association, the Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as treasurer.
Canada's
Cannabis Boom is creating a $ 30 Billion Investment Opportunity for investors and this small
company could explode upwards
in the next few weeks as investors start to flock to the space.
Even though medical marijuana is legal
in California,
cannabis companies are still at risk of being shut down because the laws are still being developed.
(
In the fragmented, state - regulated
cannabis market, it is illegal for
companies to ship marijuana products out of state.
Smoke also blanketed huge swaths of Northern California last week, which presents a more widespread concern for the marijuana industry, according to Nick DiNicola, whose
company, DiNicola Insurance Services, brokers insurance for
companies in the
cannabis space.
Today there are about 300 publicly traded
cannabis companies vs. just 13
in 2013.
Still,
cannabis companies have been ramping up their marketing efforts
in recent months to get consumers better acquainted with their brands and offerings now, using innovative tactics such as releasing
cannabis - inspired but drug - free products and bringing on celebrity investors.
Aside from technology, the
company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for
cannabis sales online and
in stores as part of its plan to be the province's sole distributor of legal recreational marijuana.
It added that the regulator has also told the
company in a letter dated Feb. 8 that Maricann chief executive Ben Ward is the subject of an investigation into his activities while he was CEO of Canadian
Cannabis Corp., a wholly unrelated
company.
Finance Minister Carlos Leitao said more than 42,000 kilos of
cannabis would be produced
in Quebec, even if five of the six
companies named
in the deals are headquartered
in other provinces.
Sun Life will also conduct periodic reviews of the growing body of clinical research supporting the use of medical
cannabis for other conditions, and update its criteria if necessary, the
company said
in a document updating their client base of 22,300 plan sponsors.
On Jan. 24, the
company announced a proposed acquisition of all outstanding shares of Haxxon AG, a cultivator of female hemp
cannabis flowers based
in Regensdorf, Switzerland.
The deal, which was targeted to close on March 30, would allow Maricann to produce
cannabis flowers
in Switzerland that would then be manufactured into products such as
cannabis vape cartridges, the
company said at the time.
The
company has a dozen edible offerings and hundreds of dispensaries
in California, Arizona, Nevada, and Illinois — and nabbed a «best edible» award at the San Francisco and Los Angeles High Times
Cannabis Cup
in 2013.
The burgeoning real estate market tied to marijuana also has led to
companies specializing
in listing commercial property that can be used for the
cannabis industry.
Gertner got back into the
cannabis business
in 2014 with PharmaCan (now Cronos Group), a holding
company that acquires or buys minority positions
in licensed Canadian marijuana producers.
Here's how Lorne Gertner, described as the «godfather of the Canadian
cannabis industry» on the websites of multiple pot
companies he's involved
in, sees Canada's
cannabis industry developing.
Arcview Market Research has positioned itself as among the foremost
companies in interpreting analytical data on the sale and distribution of
cannabis.
«We began selling online
in early 2016 and often times processors consider
companies «high - risk», even though they don't sell physical
cannabis product.»
Much like BMW and Mercedes - Benz have become status symbols among car owners
in certain circles, a German pipe
company has become the benchmark for cool
in the
cannabis paraphernalia industry.
The
company developed alternative delivery systems for
cannabis — vape pens, patches, listerine strips, and gums — and acquired a stake
in Prairie Plant Systems, which had won the single - source Health Canada contract to supply the substance.
On Monday, Constellation Brands — which sells Corona and Modelo and is the third - largest beer
company in the US — announced it had acquired a 9.9 % stake
in the Canadian
cannabis holding
company Canopy Growth.
Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana
companies like Marley Natural and Canadian pharmaceutical - grade
cannabis producer Tilray, explains how Tilray is already exporting marijuana to countries like Croatia and Australia for use
in clinical trials.
Former Philadelphia real estate broker turned developer David Dinenberg (he worked with David Grasso on the Valley Square center
in Bucks) says he has raised $ 2 million, from investors including Lindy Snider, daughter of Comcast Spectacor chairman Ed Snider, for his firm Kind Financial, a Los Angeles
company that bills itself «the financial solutions platform provider for the quickly - growing legal
cannabis industry.»
In Oregon, all - cash investors rushed into buy 10,000 - to 30,000 - square - foot buildings in 2014, Brooks said, with the plan of renting them to cannabis companies upon legalizatio
In Oregon, all - cash investors rushed into buy 10,000 - to 30,000 - square - foot buildings
in 2014, Brooks said, with the plan of renting them to cannabis companies upon legalizatio
in 2014, Brooks said, with the plan of renting them to
cannabis companies upon legalization.
Shares
in two of Canada's three largest
cannabis companies were halted on the Toronto Stock Exchange on Thursday.
Banks and insurance
companies refuse to do business with
cannabis companies because marijuana is illegal under federal law and most financial institutions are federally insured, forcing marijuana businesses to operate
in cash.