Cannabis Execs Charged with Defrauding Investors of $4M
Thu / Oct 7th
Two executives for cannabis company CanaFarma Corp. are accused of defrauding investors out of at least $4 million.
The legal cannabis market continues to expand at a rapid pace and increases its value by billions every year. As more states and countries move to create legal industries, investors are looking to develop businesses in a market slated to make over $13 billion by 2020. Below are articles related both to seeking investments and investing in cannabis.
Thu / Oct 7th
Two executives for cannabis company CanaFarma Corp. are accused of defrauding investors out of at least $4 million.
Fri / Oct 1st
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.
Wed / Sep 29th
The Securities and Exchange Commission is accusing the co-founders of a company that makes cannabis pill Idrasil of $2 million in securities fraud.
Thu / Aug 26th
Online cannabis marketplace Jane Technologies announced a $100 million Series C financing round with which the company will fund new features for their platform.
Wed / Aug 25th
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.
Mon / Aug 16th
PharmaCann is planning an initial public offering that could value the company at over $1 billion, according to a Reuters report.
Thu / Aug 12th
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.
Thu / Aug 5th
Kentucky-based Victory Hemp Foods, a B2B food ingredient processing company, has raised about $4.5 million to expand its production capacity.
Thu / Jul 15th PODCAST
Reginald Stanfield is the CEO and head horticulturist of JustinCredible Cultivation, a Massachusetts cannabis cultivator.
Mon / May 24th
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.
Mon / May 10th
Trulieve Cannabis Corp. is set to purchase Harvest Health & Recreation for approximately $2.1 billion.
Fri / May 7th
Credit Suisse Group AG is said to be no longer trading or holding shares of cannabis firms with U.S. operations.
Wed / Mar 17th
Bend, Oregon-based cannabis technology company Dutchie announced it recently raised $200 million and has acquired Greenbits and Leaflogix for an undisclosed sum.
Mon / Feb 22nd
Former NBA player and coach Isiah Thomas has invested $3 million into One World Pharma, a licensed hemp and cannabis ingredient producer in Colombia.
Wed / Feb 17th
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.
Thu / Jan 14th INTERVIEW
Jonathon Goldrath is a consultant for cannabis entrepreneurs, a career cannabis executive, and the co-founder of 317 Opportunities.
Tue / Dec 29th
The cannabis-focused real estate investment trust AFC Gamma in West Palm Beach, Florida has submitted a filing for going public on the Nasdaq.
Tue / Dec 22nd
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.
Wed / Dec 16th INTERVIEW
Peter Vogel is the CEO of Leafwire, a social media and business networking site dedicated specifically to the cannabis industry.
Tue / Dec 15th
LeafLink has announced the close of a $40 million investment round led by Peter Thiel’s Founders Fund.
Fri / Dec 11th
Weedmaps is set to go public with a Nasdaq listing. The deal values the company at approximately $1.5 billion.
Wed / Sep 23rd PRESS RELEASE
Cheech Marin is partnering with Cannabis10X, global investors, and the quintessential Bruce Linton to judge 15 global cannabis brands competing… Read More
Tue / Aug 18th
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.
Mon / Aug 3rd
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.
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