NEW YORK - Ascend Wellness Holdings, Inc., a multi-state, vertically integrated cannabis operator, closed a previously announced private placement of $235 million of 12.75% Senior Secured Notes due 2029. The Notes were issued at a price of 94.75% of face value. The company used the net proceeds of the Notes, together with cash on hand, to prepay $215 million of principal amounts...

SEATTLE -- Jones Soda Co. increased the size of its private placement, as described in the Company's news release dated July 11, 2024. The Company now intends to issue up to a maximum of 12,500,000 units of the Company at a price of $0.40 per Unit, for aggregate gross proceeds of up to US$5 million (from US$4 million previously). Each Unit will be composed of: (i) one (1) common share in the capital of the Company; and (ii) one‐half (1/2)...

CALGARY, AB - Simply Solventless Concentrates Ltd. closed its previously announced oversubscribed non-brokered private placement of units for gross proceeds of $3.85 million. Jeff Swainson, President & CEO of SSC, stated: "We would like to thank the Financing participants for their continued belief in SSC, which resulted in an oversubscribed Financing in a challenging market. This capital is intended to fuel profitable revenue growth...

CALGARY, AB - SNDL Inc. announced a restructuring project aimed at reducing corporate overheads and improving the efficiency of its organizational structure to position the Company for future growth. The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending, including the reduction in 106 full-time employees. The restructuring will require...

With the United States ready to reclassify marijuana from Schedule I to Schedule III, experts speculate more states will embrace legalization—a budding potential for new markets. As the industry grows, retail establishments’ success hinges significantly on the caliber of talent employed, and the demand is rising for knowledgeable, dedicated staff. Whether assisting customers in selecting the right strain, ensuring...

GAITHERSBURG, Md. – A federal standards-setting agency is reselling commercially purchased ground hemp at astronomical prices in what the agency characterizes as an effort to increase precision and consistency across the legal cannabis industry. The reference material is designed to provide testing laboratories with a benchmark to ensure their test results are accurate and consistent nationwide. The National Institute of...

LOS ANGELES – When Snoop Dogg took over Death Row Records (DRR) in 2022 and launched Death Row Records Cannabis in January 2023, he vowed to restore the label to its former glory, championing artists, hip-hop, and cannabis culture. Today, that promise is being fulfilled with the introduction of a limited edition collection honoring one of DRR’s most legendary...

NEW YORK - Ascend Wellness Holdings, Inc., a multi-state, vertically integrated cannabis operator, has received commitments for a private placement of $235 million of its 12.75% Senior Secured Notes due 2029. The Notes are expected to be issued at a price of 94.75% of face value. The Company intends to use the net proceeds of the Notes, together with cash on...

In the early days of California’s medical market, dispensaries set the rules, payment terms, and timetables, and growers and other vendors could either fall in line or take a hike. One of the most onerous terms was that growers would be paid after, and only after, all their buds sold. Once cannabis was legalized in states across the country, most...

A reporting deadline is drawing closer for many of the cannabis industry’s most enduring companies, and this one has nothing to do with the product or finances. All privately held businesses, domestic and foreign, that were registered to conduct business in the United States prior to January 1, 2024, must file a beneficial owner information (BOI) report with the Financial...