Welcome to the Cannabis Countdown, the Legal Marijuana Industry’s Number One Curated Weekly News Recap.
In This Week’s Edition, We Recap and Countdown the Top 10 Cannabis and Psychedelic Stock News Stories for the Week of April 26th – May 2nd, 2021.
Without further ado, let’s get started.
*Yahoo Finance readers, please click here to view the full article.
In Addition to Acquiring All of Acreage Holdings’ Florida Operations, RWB Also Acquired Certain Owned and Leased Real Estate Assets Used in Acreage Florida’s Operations
Red White & Bloom (CSE: RWB) (OTCQX: RWBYF) announced that the company has closed the acquisition of Acreage Florida from Acreage Holdings (CSE: ACRG.A.U) (OTCQX: ACRGF) (FRA: 0VZ). The deal, which was originally announced via press release on February 25, 2021, sees RWB’s new subsidiary, RWB Florida LLC, officially take control of all of Acreage Florida’s issued and outstanding shares from Acreage Holdings’ subsidiary High Street Capital Partners, LLC.
Cowen, Evercore ISI and Berenberg Are Acting as Joint Book-Running Managers for the Offering and Cantor Fitzgerald & Co. and BTIG, LLC are Acting as Lead Managers for the Offering
Compass Pathways (NASDAQ: CMPS), a mental health care company dedicated to accelerating patient access to evidence-based innovation in mental health, announced the launch of a proposed public offering of 4,000,000 American Depositary Shares (ADS), each representing one ordinary share. Each of the ADSs is being offered by COMPASS. COMPASS expects to grant the underwriters a 30-day option to purchase up to an additional 600,000 ADSs.
Under the Purchase Agreement, Green Thumb Will Also Acquire a Production Facility and Retail Dispensary in Abingdon, Virginia
Green Thumb (CSE: GTII) (OTCQX: GTBIF) (FRA: R9U2) announced Monday it will reach the Virginia market via its acquisition of Dharma Pharmaceuticals LLC. GTI, the cannabis consumer packaged goods company, confirmed it …