The Minnesota-based cannabis operator has stockpiled $91.6 million to pay for expanded recreational sales and new mergers.
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Category: Business
MariMed completes acquisition of First State Compassion Center in Delaware
The multistate operator completed the acquisition just months before Delaware’s adult-use market is set to launch.
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Nextleaf back into the black in first quarter of fiscal 2025
A temporary pivot to contract processing helped boost the company’s profitability in the quarter.
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ILGM takes cannabis seed growing education on the road
The online seed seller is also working on three-company consolidation ahead of a potential stock listing.
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Report: Illicit market dominates California cannabis, but analysts see opportunity
A new report commissioned by the California Department of Cannabis Control reported that retail sales in the state continue to grow.
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New York launches new white labeling license
The Type 3 license could open the door for out-of-state brands to enter the New York market.
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Curaleaf losses reach $1 billion over five years, with $216 million lost in 2024
Revenue for the multistate operator fell slightly in 2024.
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MediPharm to sell British Columbia facility for C$4.5 million to fund expansion
The facility was shuttered last year as part of MediPharm’s operations consolidation.
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Glass House signs new debt deal for $50 million
The company’s new loan matures in 2030 with a $40 million balloon payment.
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Avant posts record 2024 on global growth, exports rise fourfold
The Canadian company saw export sales more than quadruple over the year as international markets drive revenue gains.
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