Cultivation and retail continue to dominate cannabis investment

Marijuana News

The marijuana retail and cultivation phase continues to lead the pack with regard to capital raises and acquisition exercise.

Year-to-date, the sector has raised a complete of $three.2 billion and accomplished 48 M&A offers.

That compares with $1.55 billion and 17 offers for a similar interval final yr.

In addition, the variety of transactions involving personal corporations in 2019 as an general proportion continues to develop – 27% thus far this yr versus simply 11% in 2018.

This weekly collection from Marijuana Business Daily and Viridian Capital Advisors offers the newest knowledge on cannabis investment exercise and M&A, together with key takeaways, evaluation and tendencies based mostly on current market strikes.

The knowledge under, offered by Viridian Capital Advisors, is thru the week ended April 19.

For extra evaluation and in-depth seems on the investment developments and offers driving the cannabis business ahead, enroll for our new premium subscription service, Investor Intelligence.

Top raises closed final week:

  • Greenlane Holdings, a distributor of vapes and different cannabis-related merchandise, closed its Nasdaq IPO, elevating $102 million within the course of. The firm now trades beneath the ticker image GNLN.
  • Zenabis, a Vancouver, British Columbia-based cannabis cultivator, closed an fairness providing of 28.7 million Canadian dollars ($21.three million). The proceeds will primarily be used to increase cultivation amenities.
  • Village Farms International, a Canadian greenhouse grower with a 50% stake in cannabis enterprise Pure Sunfarms, closed a CA$20 million fairness providing, which can be used for working capital wants, together with for the corporate’s U.S. hemp operations.

Top M&A offers closed final week:

  • Acreage Holdings (CSE: ACRG.U) purchased Portland-based Form Factory for $160 million. Form Factory is a marijuana-infused edibles producer and distributor
  • Cannabis One Holdings (CSE: CBIS) purchased sure belongings of privately owned Denver-based JBC Enterprises (dba Fat Face Farms).
  • Canopy Growth (NYSE: CGC; TSX: WEED) closed its acquisition of Spanish cannabis cultivator Canamo Y Fibras. The Spanish firm, based mostly in Alicante, cultivates marijuana in a 1,600-square-foot facility and is licensed to produce hemp as nicely.

Viridian Capital Advisors is a monetary and strategic advisory agency that gives investment banking, M&A, company improvement and investor relations providers to rising progress corporations and certified buyers within the cannabis sector.

Categories: Canadian Medical Marijuana & Cannabis Industry News, Featured Marijuana Business & Cannabis Industry News, International Marijuana Business News, Marijuana Cultivation News, Marijuana Sales, Funding & Banking News, Marijuana Stocks & Publicly Traded Cannabis Companies, United States Cannabis Industry & Marijuana Business News



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