The Daily Hit: October, 19th 2020

cannabis financial news

It’s time for your Daily Hit of cannabis financial news for October 19th, 2020. 

On the Site

Mydecine Innovations Group 

Mydecine Innovations Group, Inc, (CSE: MYCO) (OTC: MYCOF) (FSE: 0NFA) (“Mydecine” or the “Company”) announced the appointment of UK-based Boustead Capital Markets LLP (“Boustead”) to commence the dual listing process on the London Stock Exchange (“LSE” or the “Exchange”) for the admission of the Company’s common shares to the Standard Segment of the Official List’s Main Market.

In Other News 

Acreage Holdings Inc. (CSE:ACRG.A.U, ACRG.B.U)(OTCQX: ACRHF, ACRDF), announced this morning they retired a short-term strategic financing. The financing was announced in June 2020 and the company paid an aggregate amount of approximately $18 million in order to retire the full balance and accrued interest. 

The finances were used to close the acquisition of vertically-integrated options in New Jersey. The completion of this agreement ultimately rearranged Acreage’s capital structure and significantly reduced their debt outstanding. 

The post The Daily Hit: October, 19th 2020 appeared first on Green Market Report.