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Tag: finance
Vireo Growth to Consolidate Shares
MINNEAPOLIS -- Vireo Growth Inc.'s subordinate voting shares, multiple voting shares, and super voting shares will be consolidated at a ratio of 30-for-1, effective at market open June...
Verano Undertakes 5-to-1 Reverse Stock Split
CHICAGO -- Verano Holdings Corp.'s board of directors approved a 5-to-1 reverse split of the company’s common stock, which is expected to take effect...
Safe Harbor Appoints Tyler Klimas, Sean Tonner to Board of Directors
DENVER -- SHF Holdings Inc., d/b/a fintech platform Safe Harbor Financial, appointed Tyler Klimas and Sean Tonner to its board of directors. The appointments expand...
FundCanna Lands $60M Institutional Credit Facility
SAN DIEGO – FundCanna secured a new senior credit facility of up to $60 million from a global institutional investment firm with approximately $40 billion...
Verano Secures $195M Senior Secured Term Loan
CHICAGO -- Verano Holdings Corp. secured a $195-million senior secured term loan under a new credit agreement led by Needham Bank and Chicago Atlantic...
Delinquent Payments Topped $3.8 Billion in 2023
PORTLAND, Ore. – Cash-starved cannabis operators left more than $3.8 billion worth of bills unpaid in 2023, according to a report from economic research...
Jason Vedadi’s Vision for the Cannabis Market’s Future
Numerous skills are necessary to succeed as an entrepreneur, and having experience and acumen in real estate and finance are certainly high on that...
Q&A with Wana Brands CFO Sandy Li
In July, industry behemoths Trulieve Cannabis Corp. and WM Technology (parent company of Weedmaps) experienced a C-suite shakeup when their chief financial officers resigned....
Debt Financing Is on the Rise
With cannabis stock prices stalling and sliding over the past few years, companies increasingly have turned to debt financing as a means of raising...
Is There a Solution to the Cash Crunch?
While the past few years have been no picnic for companies struggling to turn a profit, it looks like 2023 could be the most...