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Acreage Announces $10M Private Placement Of Units Ahead Of Acquisition By Canopy

By Jelena Martinovic
June 5, 10:03 AM
Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF) announced on Wednesday it's seeking to secure $10 million in finding.The New York-based company said in a press release that it has entered into subscription agreements with certain institutional investors to issue units by way of a brokered private placement for $833.33 per unit.

ACRDF

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2 minute read

Cannabis Joint Venture Looks To Capitalize On Marijuana Beverages As Growing Alternative To Alcohol

By Jelena Martinovic
June 4, 2:05 PM
Flora Growth Corp. (NASDAQ: FLGC) has formed a joint venture with Althea Group Holdings (ASX: AGH) to debut in the hemp-derived beverage market.Peak USA JV LLC is designed to capitalize on current commercial opportunities in the beverage market in the U.S.It will utilize and combine Flora's U.S.-based CPG team with Althea's Peak Processing Solutions - which is a recognized operator in the cannabis-infused beverages space. Peak has a 40% market share in Canada.

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3 minute read

Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options

By Jelena Martinovic
June 4, 12:51 PM
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) announced on Tuesday today that the option to acquire all of the issued and outstanding Class E subordinate voting shares of Acreage Holdings, Inc. (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), has been exercised.The latest move is by the terms of the arrangement agreement dated April 18, 2019, as amended, between Canopy Growth and Acreage.In connection with the arrangement agreement dated October 24, 2022, by and among Canopy Growth, Canopy USA, LLC and Acreage, as amended, in respect of the Class D subordinate voting shares of Acreage, on closing, Canopy USA will acquire all of the fixed shares and floating shares and Acreage will become a wholly-owned subsidiary of Canopy USA.

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4 minute read

Executive Changes In Marijuana Industry You Should Know About, New Cannabis Appointments & More

By Jelena Martinovic
June 3, 9:58 PM
Slightly over a year following Gov. Dan McKee's decision to appoint three experts to the Cannabis Control Commission with a task to regulate, license and control the medical and recreational cannabis markets in Rhode Island, the agency is about to get a leader. One of Oklahoma's top cannabis regulators Michelle Reddish is nominated by Gov. McKee to become Rhode Island's first cannabis administrator, reported Oklahoma Voice.In the meantime, nearly a dozen either cannabis companies or businesses related to the plant saw board changes recently.

AAWH

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3 minute read

Cannabis Slowdown In Canada: Analyst Spotlights What Still Sells And Where The Money Is Going

By Nicolas Jose Rodriguez
June 3, 5:00 PM
In a recent report, Pablo Zuanic of Zuanic & Associates analyzed trends in Canada's recreational cannabis market through May 2024. The report highlights a deceleration in market growth and notable shifts in sales dynamics among leading licensed producers (LPs).

ACB