News

LAS VEGAS–(BUSINESS WIRE)–Champions + Legends, a cutting edge manufacturer of CBD-based sports supplements for athletic preparation, performance and recovery, is proud to announce James Harrison, a two-time Super Bowl champion and five-time former all-pro football player, and Thor “The Mountain” Björnsson, winner of multiple Strongest Man competitions, world deadlift record holder, and actor in the…

Cannabis-based Alcoholic Beverage Market 2020-2024 | Social Acceptance of Cannabis to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the cannabis-based alcoholic beverage market and it is poised to grow by USD 155.28 million during 2020-2024, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio suggests…

Cresco Labs Closes Sale-and-Leaseback for Massachusetts Facility and Expands Real Estate Partnership with Innovative Industrial Properties

CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has closed the agreement to its sell and lease back its Fall River, MA property to Innovative Industrial Properties, Inc. (“IIP”). Consideration for the sale was approximately $29 million,…

Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs

SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Massachusetts, which comprises approximately 118,000 square feet of industrial space in the aggregate. The…

Grown Rogue Reports Positive Adjusted EBITDA and Second Consecutive Quarter of Positive Cash Flow

MEDFORD, Ore.–(BUSINESS WIRE)–Grown Rogue International Inc. (“Grown Rogue” or the “Company”) (CSE: GRIN) (OTC: GRUSF), a multi-state cannabis company with operations and assets in Oregon and Michigan, has released its financial and operating results for the three and six months ended April 30, 2020. The Company’s business strategy focusing on supply chain efficiencies and higher…

Goldfinch Bio Secures $100 Million in Series B Financing

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Goldfinch Bio, a clinical stage biotechnology company focused on discovering and developing precision medicines for the treatment of kidney diseases, today announced the closing of an oversubscribed Series B financing, which raised $100 million. The financing was led by Eventide Asset Management, and included new investors Wellington Management Company, Ally Bridge Group, funds…

$1.6+ Billion Worldwide Laboratory Information Management System Industry to 2025 – Impact of COVID-19 on the Market – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Laboratory Information Management System (LIMS) Market by Type (Broad, Industry-specific), Component (Software, Services), Delivery (On premise, Remote, Cloud), End User (CRO, Pharma, Biotech, Chemical, Agriculture, FnB, Oil, Gas) – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering. The global laboratory information management systems market is projected to reach USD 1,699.3…

Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock

SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 2,683,363 shares of its common stock at $83.85 per share for gross proceeds of approximately $225.0 million. The offering is expected to close on or about July 2, 2020, subject to customary closing…

Outdoor Cannabis Expansion Flourishes with Nutrient Boost from Emerald Harvest

SANTA ROSA, Calif.–(BUSINESS WIRE)–Hydroponic fertilizer manufacturer Emerald Harvest has supplied WeedMD Inc. with its line of award-winning nutrients and supplements and is working closely with the company in adopting best practices to further maximize crop performance of its terpene-rich cultivars. WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) the publicly-traded Canadian cannabis grower and distributor, recently announced that…

Halo Announces Extension of the Binding LOI with Canmart Limited And Provides Update on Positive UK Market Developments

TORONTO–(BUSINESS WIRE)–Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) announces that further to the press releases dated December 24, 2019 and March 3, 2020, and April 27, 2020, the Company has agreed to another extension of the binding letter of intent (the “LOI”) to acquire all of the common shares…

Innovative Industrial Properties Announces Public Offering of 1,800,000 Shares of Common Stock

SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of 1,800,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 270,000 shares of its common stock. All of the shares are being sold…

COVID-19 Impact and Recovery Analysis – CBD Oil Market 2020-2024 | Health Benefits Of CBD Oil to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–Technavio has been monitoring the CBD oil market and it is poised to grow by $ 3.52 bn during 2020-2024, progressing at a CAGR of 32% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Technavio suggests three forecast…