Investing

George Allen is Chairman of the Board for California-based Lowell Farms and founder of the cannabis industry investment firm Geronimo Capital LLC.

Connecticut’s quasi-public venture capital arm Connecticut Innovations has invested in 1906, a low-dose medical cannabis company.

Cresco Labs agreed to acquire Columbia Care Inc. in a $2 billion acquisition deal that will see the firm become the largest multi-state operator in the U.S.

Aurora Cannabis Inc. has acquired Thrive Cannabis’ parent company TerraFarma Inc. in a deal worth $38 million.

A recent survey by the National Cannabis Industry Association and Whitney Economics found that 37% of cannabis businesses in the U.S. are not profitable.

TerrAscend, a Canadian cannabis company, has finished its acquisition of Gage Growth Corp in a $545 million deal.

Green Thumb Industries Inc. has closed on its acquisition of LeafLine Industries, which owns one of Minnesota’s two vertical licenses, giving GTI a national presence in 15 states.

Harborside Inc. has agreed to acquire Urbn Leaf dispensaries and Loudpack which, when combined, will create one of the larger cannabis companies in California.

The U.S.-based CBD and cannabis investment firm Thought Leaders has acquired mellow, the United Kingdom’s top CBD wellness marketplace, for $13.25 million.

Two executives for cannabis company CanaFarma Corp. are accused of defrauding investors out of at least $4 million.

Trulieve Cannabis Corp. has completed its takeover of Harvest Health and Recreation in a $2.1 billion deal, the largest ever in the U.S. cannabis industry.

The Securities and Exchange Commission is accusing the co-founders of a company that makes cannabis pill Idrasil of $2 million in securities fraud.

Online cannabis marketplace Jane Technologies announced a $100 million Series C financing round with which the company will fund new features for their platform.

The U.S. Department of Energy has invested in Hempitecture, a firm that manufactures a hemp wool insulation product that is highly thermal resistant and has a low carbon footprint.

PharmaCann is planning an initial public offering that could value the company at over $1 billion, according to a Reuters report.

ScottsMiracle-Gro Co. has created a new subsidiary to invest in the legal cannabis industry and announced a $150 million loan to RIV Capital, a cannabis investment and acquisition firm.

Kentucky-based Victory Hemp Foods, a B2B food ingredient processing company, has raised about $4.5 million to expand its production capacity.

Reginald Stanfield is the CEO and head horticulturist of JustinCredible Cultivation, a Massachusetts cannabis cultivator.

Following the Mississippi Supreme Court’s decision last week to overturn the state’s successful medical cannabis legalization initiative, millions of investment dollars into the state’s economy have been effectively stalled.

Trulieve Cannabis Corp. is set to purchase Harvest Health & Recreation for approximately $2.1 billion.

Credit Suisse Group AG is said to be no longer trading or holding shares of cannabis firms with U.S. operations.