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…
DetailsMEDFORD, 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…
DetailsSAN 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…
DetailsCHICAGO–(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,…
DetailsLONDON–(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…
DetailsLAS 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…
DetailsFRISCO, Texas–(BUSINESS WIRE)–Conifer Health Solutions, a subsidiary of Tenet Healthcare Corporation (NYSE: THC), has announced changes to its leadership team to help accelerate the company’s mission to provide the foundation for better health for its clients. Conifer will welcome two new members to senior leadership, Arvind Ramakrishnan as chief operating officer and Matthew Bayley, M.D.,…
DetailsSAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the full exercise of the underwriters’ option to purchase an additional 402,504 shares of common stock in connection with the Company’s previously announced follow-on offering that priced on June 29, 2020. In total, the Company sold 3,085,867 shares of common stock in the…
DetailsDENVER–(BUSINESS WIRE)–Schwazze, formerly operating as Medicine Man Technologies, Inc. (OTCQX: SHWZ) (“Schwazze” or “the Company”), a leading vertically-integrated Colorado cannabis company, today provided a business update. Specifically the Company shared the pro forma financial results that reflect the acquisition of Mesa Organics, which closed on April 20, 2020 and announced the termination of previously named…
DetailsDENVER–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: SCHWAZZE, FORMERLY OPERATING AS MEDICINE MAN TECHNOLOGIES, INC., PROVIDES BUSINESS UPDATE Company Shares Pro forma Financial Results Including Mesa Organics Acquisition Terminates Binding Term Sheets for Two Announced Acquisitions Reiterates Commitment to Building Leading Vertically Integrated Cannabis…
DetailsLOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) today announced the execution of definitive agreements with certain lenders, including Gotham Green Partners, Stable Road Capital and affiliates, and the Company’s most significant landlord, Treehouse Real Estate Investment Trust (“Treehouse”) as part of a financial restructuring and turnaround plan (the “Plan”)…
DetailsMONCTON, New Brunswick–(BUSINESS WIRE)–Organigram Holdings Inc. (“Organigram” or the “Company”) (TSX: OGI) (NASDAQ: OGI) provides a corporate update on recent developments of the Company in relation to the worldwide COVID-19 pandemic and the continuing evolution of the Canadian cannabis industry. Staffing Changes In an effort to better align its production capacity to prevailing market conditions,…
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