Chris Furnari

Chris Furnari

Chris Furnari is an award-winning business writer covering complex and highly-regulated industries. He joined THCnet as editor-in-chief in October 2019. Prior to covering the cannabis sector, he spent nearly a decade as the driving force behind Brewbound, a leading online beer business trade publication. Furnari also writes about the alcohol business for Forbes. He is frequently tapped to provide commentary on the beer and cannabis industries, and his analysis of industry trends has been referenced by The New York Times, CNBC, USA Today, The Boston Globe, and Cincinnati Public Radio, among others. Furnari is a proud graduate of Santa Clara University, where he was a two-sport Division I athlete and served as the sports editor of the university's official weekly newspaper.




Posts by Chris Furnari


Connected Cannabis Raises $30 Million to Fund National Expansion of 'Designer Weed' Brand
Connected Cannabis Raises $30 Million to Fund National Expansion of 'Designer Weed' Brand

To help fund its national expansion, California-based Connected Cannabis Co. has raised $30 million from a group of new and existing investors. The debt and equity round included existing investors Navy Capital and One Tower group, as well as new investors Emerald Park Capital and Presidio View Capital.

Mercer Park SPAC to Acquire California Cannabis Firm Glass House for $567 Million
Mercer Park SPAC to Acquire California Cannabis Firm Glass House for $567 Million

California-based cannabis firm Glass House Group will go public on Canada’s NEO exchange in a SPAC deal valued at more than $1 billion. The transaction, announced last week, includes over 500,000 sq. ft. of existing cultivation space, four dispensaries, and a robust wholesale business.

Canopy Growth to Buy Supreme Cannabis in $346 Million Deal
Canopy Growth to Buy Supreme Cannabis in $346 Million Deal

Canopy Growth Corporation announced Thursday plans to acquire Toronto-based Supreme Cannabis Co. in a cash-and-stock deal valued at nearly $346 million (C$435). Under the terms of the deal, Supreme shareholders will receive 0.01165872 of a Canopy common share and $0.0001 in cash in exchange for each Supreme Cannabis share held.

Cannabis Freedom Alliance Brings Koch Brothers, Social Justice Advocates Together to End Federal Marijuana Prohibition
Cannabis Freedom Alliance Brings Koch Brothers, Social Justice Advocates Together to End Federal Marijuana Prohibition

A new advocacy group with ties to billionaire brothers David and Charles Koch has joined the fight to legalize cannabis. Announced Tuesday, the Cannabis Freedom Alliance (CFA) has a stated goal of ending the “prohibition and criminalization of cannabis in the United States.”

Illinois Cannabis Sales Could Reach $1.5 Billion in 2021
Illinois Cannabis Sales Could Reach $1.5 Billion in 2021

Illinois dispensaries are on pace to sell more than $1.5 billion worth of cannabis in 2021 after retailers across the state combined to sell nearly $145 million of adult-use and medical marijuana in March. According to data from the Illinois Department of Financial and Professional Regulation (IDFPR), adult-use cannabis dispensaries sold a record $109.1 million of recreational cannabis last month.

Curaleaf Completes EMMAC Acquisition, Sells Stake in New International Operation
Curaleaf Completes EMMAC Acquisition, Sells Stake in New International Operation

Curaleaf Holdings has completed its acquisition of Europe’s EMMAC Life Sciences and brought on a new minority partner in the process. In a news release, Curaleaf said it raised $130 million from an unnamed strategic institutional investor by selling a 31.5% equity stake in its newly established Curaleaf International Holdings business, which holds the EMMAC investment.

Trulieve Inks $60 Million Deal for Pennsylvania’s Keystone Shops
Trulieve Inks $60 Million Deal for Pennsylvania’s Keystone Shops

Florida-based Trulieve Cannabis Corp. announced Monday plans to purchase Pennsylvania dispensary chain Keystone Shops in a deal valued at $60 million. According to a news release, Trulieve will spend $20 million in cash and $40 million in subordinate voting shares to acquire three Keystone Shops from parent company Anna Holdings.

M&A Frenzy: Parallel, Verano, and Ayr Wellness Strike Deals
M&A Frenzy: Parallel, Verano, and Ayr Wellness Strike Deals

It was a busy week of dealmaking, as several top cannabis firms announced major deals in notable markets like Chicago, Pennsylvania and New Jersey.

New Mexico Set to Legalize Adult-Use Cannabis
New Mexico Set to Legalize Adult-Use Cannabis

Hours after New York Gov. Andrew Cuomo signed an adult-use cannabis bill into law, lawmakers in New Mexico passed a bill that will legalize, regulate and tax marijuana for adults 21 and over. A separate bill which expunges arrest and conviction records for certain cannabis offenses also passed the New Mexico House and Senate on Wednesday. Both are headed to Gov. Michelle Lujan Grisham’s desk.

Green Thumb CEO Calls Chicago Tribune Story ‘Irresponsible Journalism,’ Demands Retraction
Green Thumb CEO Calls Chicago Tribune Story ‘Irresponsible Journalism,’ Demands Retraction

Does Green Thumb Industries (GTI) also grease palms in order to secure its highly coveted marijuana licenses? Not according to Ben Kovler, founder and CEO of the Chicago-headquartered company, which reported $556 million in revenue last year and ranks as the second largest cannabis firm in the U.S.

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