Investing

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.

Bend, Oregon-based cannabis technology company Dutchie announced it recently raised $200 million and has acquired Greenbits and Leaflogix for an undisclosed sum.

Former NBA player and coach Isiah Thomas has invested $3 million into One World Pharma, a licensed hemp and cannabis ingredient producer in Colombia.

Former NBA All-Star Chris Webber and JW Asset Management LLC have joined to launch a $100 million private equity fund aimed at investing in cannabis companies led by entrepreneurs of color.

Jonathon Goldrath is a consultant for cannabis entrepreneurs, a career cannabis executive, and the co-founder of 317 Opportunities.

The cannabis-focused real estate investment trust AFC Gamma in West Palm Beach, Florida has submitted a filing for going public on the Nasdaq.

Casa Verde Capital, the cannabis investment firm co-founded by Snoop Dogg, has closed on $94.7 million during its second round of investment funding.

Peter Vogel is the CEO of Leafwire, a social media and business networking site dedicated specifically to the cannabis industry.

LeafLink has announced the close of a $40 million investment round led by Peter Thiel’s Founders Fund.

Weedmaps is set to go public with a Nasdaq listing. The deal values the company at approximately $1.5 billion.

Medicine Man Denver announced it was terminating its deal with Schwazze and will look for new partners; it’s the second failed deal in as many months for Schwazze.

The SEC has filed charges against six people for allegedly defrauding more than 400 investors out of $25 million; the scheme supposedly took place between September 2017 and February 2019.