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Slipknot’s Shawn ‘Clown’ Crahan Teases New Cannabis Line ‘Clown Cannabis’

Slipknot mastermind Shawn “Clown” Crahan has created a cannabis line. Dubbed “Clown Cannabis,” the line will officially be out on May 17. As of now, upon entering the website, visitors are asked to confirm that they are above the age of 21. A green cartoon of Clown’s most notable, Slipknot-era mask appears over a black …

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Blockbuster Trulieve-Harvest deal could revive cannabis megamergers

After several months of smaller, more focused transactions, Florida-based Trulieve’s $2.1 billion deal to acquire Harvest Health & Recreation could mark a resurgence in cannabis megamergers, industry experts say. Big mergers and acquisitions generally have been on hiatus for the past year or so amid the coronavirus pandemic, falling cannabis stock prices and close antitrust …

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Marijuana producer Pure Sunfarms reports small quarterly sales growth

Canadian cannabis producer Pure Sunfarms reported a small increase in net sales in the January-March quarter compared to the preceding three months, bucking an industry trend that saw most large licensed producers lose momentum in the early part of this year. British Columbia-based Pure Sunfarms, a wholly-owned subsidiary of Village Farms International, Inc., booked net …

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Verano nets $100 million in upsized loan to support cannabis moves

Illinois-based Verano Holdings entered into an amended $130 million loan agreement that provides the multistate cannabis operator an additional $100 million of funding at an annual interest rate of 9.75%. Verano said the upsized loan will improve the company’s liquidity and flexibility and support its strategic growth. The credit agreement has a maturity date of …

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Marijuana MSO Holistic Industries raises $55 million for expansion

Holistic Industries, a vertically integrated multistate marijuana company operating in six U.S. markets, secured a $55 million convertible note, nearly doubling a $30 million fundraising goal the company set in March. According to the Washington Business Journal, the oversubscribed offering was led by the Stoneview fund of Harbert Management Corp., an investment group with offices …

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Cannabis firm Tilray reports $341 million net loss in last stand-alone quarter

Tilray’s recreational and medical cannabis revenue plunged in the final quarter before its merger with Aphria went into effect May 3, and the company recorded a net loss of nearly $350 million. Tilray’s red ink rose in part due to a large litigation settlement, according to the British Columbia-based company’s first-quarter financial disclosure. Before merging …

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Cannabis M&A and Real Estate Transactions: What is a Closing?

Virtually any time that there are transactions involving cannabis company mergers, cannabis company acquisitions, or cannabis real estate sales, and in many cases involving the sale of assets of a cannabis company, the parties are likely to encounter a concept called “closing” in their purchase agreements. Closing isn’t necessarily unique to purchase and sale situations …

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Canada’s role in making hemp viable in car-building: Q&A with Aptera’s Nathan Armstrong

It’s common lore in the hemp industry: Henry Ford made a car out of hemp, but then anti-cannabis hysteria and a malevolent steel industry squashed the plant’s potential as an automotive component. The true history is more complicated. Canada’s role in making hemp viable in car-building: Q&A with Aptera’s Nathan Armstrong is a post from: …

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