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🚙 Eaze's largest shareholder purchased assets for $56M in August auction: Ohio rec. sales of $87.1M in 7 weeks. AFC Gamma/Story Cannabis $41M Credit Facility. TerrAscend Draw Remaining $26M/$140M Debt. Chicago Atlantic & Silver Spike Close Loan Portfolio Acquisition.
👨⚖️ Pelorus Fund Files Complaint to Place StateHouse Holdings into Receivership: Tilray launches Hemp-Derived Delta-9 THC Beverages. GTI $50M Share Repurchase Program. SEC fines Weedmaps / former executives over misleading MAUs. Planet 13 acquires dispensary from Exhale.
🍊 The Cannabist Company (mostly) Exits Florida for $16.4M: Cannabis Legalization to appear on November Ballot in Nebraska. AWH terminates CEO and CFO. Ohio dispensaries sold ~$10.5M in 3rd week of AU. Gold Flora closes Senior Loan Facility for up to $13.15M.
🎙️ Real Estate: Sale-Leaseback vs. Secured Lending: NewLake Capital SVP and Head of Investments, Jarrett Annenberg breaks down the different approaches to Real Estate Capital.
🤝 Verano Closes Acquisition of AZ and VA Subsidiaries of The Cannabist Co.: $38.4M in First 12 Days of Ohio sales. AFC Gamma Provides $11M Senior Secured Credit Facility to GA Operator. TerrAscend $10M Share Repurchase Program. Canopy Growth CEO David Klein retires.
📝 Q2 2024 Investor Presentations: Select slides from investor decks for Curaleaf, GTI, Trulieve, Verano & Cresco Labs showing what the MSOs highlights as catalysts and their differentiation from competitors.
🍻 Tilray acquires four craft breweries from Molson Coors: Ohio sees 3x adult-use sales vs. prior three Tuesdays. Curaleaf Executive Chairman Boris Jordan appointed CEO. DEMECAN valued at $109M in latest funding. MJ Unpacked raises $550K.
🎙️ 30 Adult-Use States by 2025? : Hirsh Jain breaks down Ohio's adult-use market potential, Florida's Amendment 3, how/what it means for the Cannabis industry to get to 30 Adult-Use States by EOY 2025, and more..