THCnet Staff

THCnet Staff




Posts by THCnet Staff


Ayr Wellness Announces Acquisitions in Illinois and Nevada
Ayr Wellness Announces Acquisitions in Illinois and Nevada

Multistate cannabis operator Ayr Wellness has entered into agreements to acquire two dispensaries in Illinois, as well as two cannabis companies in Nevada. Announced this week, the deals are valued at $30 million and $17 million, respectively.

Review: Levia Cannabis-Infused Seltzer
Review: Levia Cannabis-Infused Seltzer

Massachusetts-based Levia makes a line of cannabis-infused seltzers that contain 5 milligrams of THC and are available in three flavors — Raspberry Lime, Lemon Lime and Jam Berry. Packaged in 12 oz. slim cans, all three SKUs contain zero sugar and zero calories, and are positioned around different need states.

Schumer, Senate Democrats Unveil Long-Awaited Cannabis Legislation
Schumer, Senate Democrats Unveil Long-Awaited Cannabis Legislation

U.S. Senate Majority Leader Chuck Schumer (D-NY) finally unveiled his much anticipated plan to legalize cannabis at the federal level. Called the Cannabis Administration and Opportunity Act (CAOA), the proposal was co-authored by Sens. Ron Wyden (D-OR) and Cory Booker (D-NJ). A 163-page draft of the bill was released on Wednesday.

NewLake Capital Partners Strikes $20.5 Million Deal with Arizona Cannabis Company
NewLake Capital Partners Strikes $20.5 Million Deal with Arizona Cannabis Company

Cannabis real estate company New Lake Capital has struck a $20.5 million sale-leaseback agreement with Arizona-based multistate operator The Mint. Under the terms of the deal, NewLake has agreed to purchase land in Phoenix for $2.4 million and provide $18.1 million for the construction of a 130,757 sq. ft. cultivation and processing facility.

Trulieve Cannabis to Buy Harvest Health in $2.1 Billion Deal
Trulieve Cannabis to Buy Harvest Health in $2.1 Billion Deal

Florida’s Trulieve Cannabis has agreed to purchase Arizona-based Harvest Health & Recreation in an all-stock transaction worth approximately $2.1 billion. Under the terms of the deal, which Trulieve has called the largest in the U.S., Harvest shareholders will receive 0.1170 of a subordinate voting share of Trulieve for each Harvest subordinate voting share.

Acreage Holdings Forms Joint Venture with Medterra
Acreage Holdings Forms Joint Venture with Medterra

New York-based cannabis firm Acreage Holdings is teaming up with Medterra, one of the largest CBD companies in the U.S., to develop a line of full-spectrum CBD products.

Review: LifeAID Hemp + Adaptogens
Review: LifeAID Hemp + Adaptogens

LifeAID is a functional beverage company that makes a range of drinks for fitness enthusiasts and those living an active lifestyle. The company’s “Hemp” SKU, first released in 2019, contains 20 milligrams of broad-spectrum hemp as well as rosemary and lemon balm adaptogens.

Magical Brands COO Discusses Recent Capital Raise, Future Growth Opportunities
Magical Brands COO Discusses Recent Capital Raise, Future Growth Opportunities

Earlier this year, extraction device manufacturer Magical Brands closed a multimillion-dollar revenue-based financing deal with Decathlon Capital. THCnet recently caught up with Magical Brands chief operating officer Craig Snyder to discuss the recent fundraising round, and the company’s plans for growth.

Greenlane and KushCo to Merge
Greenlane and KushCo to Merge

Greenlane Holdings and KushCo, two of the largest suppliers of cannabis accessories in the U.S., have agreed to merge in an all-stock transaction. Under the terms of the deal, announced on March 31, KushCo will become a wholly-owned subsidiary of Greenlane.

GrowGeneration Acquires Char Coir For Undisclosed Sum
GrowGeneration Acquires Char Coir For Undisclosed Sum

GrowGeneration (Nasdaq: GRWG) continued its acquisition streak Monday, announcing plans to purchase growing medium company Char Coir. Specific financial terms of the deal were not announced, but the Denver-based hydroponics retailer said Char Coir’s line of 100% biodegradable coconut coir will add $15 million to the company’s top line.

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