M&A
Columbia Care to Close The Green Solution Acquisition on September 1
Columbia Care to Close The Green Solution Acquisition on September 1

Columbia Care’s planned acquisition of Colorado’s The Green Solution (TGS) is set to close on September 1, 2020, the cannabis firm announced Wednesday. In a news release, the New York-based multistate operator said the deal — which includes 23 dispensaries and six production facilities — will make Columbia Care the largest cannabis company in Colorado.

Ascend Wellness Holdings Raises $68 Million, Plans to Acquire 2 Illinois Dispensaries
Ascend Wellness Holdings Raises $68 Million, Plans to Acquire 2 Illinois Dispensaries

On the heels of raising more than $68 million in new funding, Massachusetts-based cannabis firm Ascend Wellness Holdings (AWH) today announced plans to purchase two Modern Cannabis (MOCA) dispensaries in Chicago for an undisclosed sum. In a news release, AWH said its agreement to acquire the two stores would expand the company’s Illinois dispensary footprint to six licenses.

Cannabis Firm Schwazze Terminates 2 Planned Acquisitions in Colorado
Cannabis Firm Schwazze Terminates 2 Planned Acquisitions in Colorado

Colorado cannabis firm Schwazze (OTCQX: SHWZ) has cancelled two planned acquisitions of in-state marijuana businesses, including one of the largest outdoor cannabis farms in North America.

High Times Again Extends Public Offering, Announces Cannabis Delivery Service Acquisition
High Times Again Extends Public Offering, Announces Cannabis Delivery Service Acquisition

High Times' crowdfunding efforts may have stalled, but its dealmaking capabilities are moving ahead expeditiously as the popular pot publication continues its pivot toward a plant-touching business model. The magazine's parent company, Hightimes Holding Corp., has inked a deal for Sacramento, California-based marijuana delivery service Mountain High Recreation, Inc.

Hightimes and Harvest Health Move Closer to Finalizing California Dispensary Deal
Hightimes and Harvest Health Move Closer to Finalizing California Dispensary Deal

Hightimes Holdings, owners of the popular pot publication High Times, inched one step closer to becoming a bonafide plant-touching cannabis business this week. The Los Angeles-based media company announced Tuesday the initial closing of a deal to acquire 10 operational and planned marijuana dispensaries from Arizona-based multistate operator Harvest Health and Recreation.

Canopy Growth and Acreage Holdings Rework Purchase Agreement
Canopy Growth and Acreage Holdings Rework Purchase Agreement

Canada’s Canopy Growth Corporation has modified the terms of an agreement to purchase New York-based cannabis firm Acreage Holdings that was inked last year. On Thursday, the two companies jointly announced several revisions to a landmark deal that was struck in April 2019 and previously valued at $3.4 billion.

Hightimes Holding Corp. to Buy 2 California Dispensaries, License Name to Red, White & Bloom Brands
Hightimes Holding Corp. to Buy 2 California Dispensaries, License Name to Red, White & Bloom Brands

On Tuesday, Hightimes Holding Corp. said it would acquire two marijuana dispensaries in the Golden State for a combined $500,000 in cash and 15 million shares of Hightimes common stock. That announcement came just days after the company struck a nearly $26 million licensing arrangement with Toronto-based Red, White & Bloom Brands.

Cresco Labs to Acquire 4 Medical Marijuana Dispensaries in Ohio
Cresco Labs to Acquire 4 Medical Marijuana Dispensaries in Ohio

Chicago-based Cresco Labs has agreed to purchase four medical marijuana dispensaries in Ohio from Verdant Creations, LLC, the vertically integrated cannabis firm announced Tuesday. In a press release, Cresco said the acquisition would allow it to go deeper in a key market where it currently has just one retail shop. 

Cresco Labs Terminates Planned Acquisition, Unloads 2 Properties
Cresco Labs Terminates Planned Acquisition, Unloads 2 Properties

Chicago’s Cresco Labs today said it would sell two cultivation and processing properties to Innovative Industrial Properties, and terminate the previously announced acquisition of Florida’s VidaCann Ltd. In a press release, Cresco Labs CEO and co-founder Charlie Bachtell said the moves would add about $158 million to the balance sheet.

The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate
The Buzz: Michigan Issues First Recreational Licenses; 2 States Ban Products with Vitamin E Acetate

In this week’s edition of The Buzz: Michigan’s Marijuana Regulatory Agency issued the state’s first recreational licenses, Michigan and Washington banned vitamin E acetate, and New York’s Acreage Holdings announced plans to acquire New Jersey’s Compassionate Care Foundation.

MedMen’s $682 Million Acquisition of PharmaCann Terminated
MedMen’s $682 Million Acquisition of PharmaCann Terminated

A blockbuster merger between two leading multi-state cannabis companies has been called off nearly one year after it was first announced. California-based MedMen Enterprises, which is licensed to operate 70 retail stores and currently has a presence in nine states, announced the termination of its combination with Chicago’s PharmaCann LLC on Tuesday.

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