Despite the dire situation in California and criticism of the New York adult-use market launch, investor money continues to flow into those states. As of June 2, Viridian Capital Advisors reported that in the last 12 months California led in the total number of investments with 28 total raises, and …
Allegations of Ponzi Scheme, Forged Documents Plague Cannabis REIT IIPR
Cannabis real estate investment trust Innovative Industrial Properties Inc. (NYSE: IIPR) is facing more legal fury from its shareholders. The plaintiffs allege that the REIT’s directors neglected to properly vet two of its largest tenants, Southern California-based Kings Garden and Parallel, resulting in considerable financial losses when the tenants became …
Red White & Bloom and Aleafia Health Execute Binding Letter Agreement for Business Combination
On a combined basis, RWB and Aleafia are expected to service approximately 3,000 retail locations in North America. …
Nirvana Moves Forward With MedSmart Acquisition
Canadian-based psychedelics company Nirvana Life Sciences (CSE: NIRV) has decided to acquire Medsmart Dispensary Inc., which has an exclusive North American license for “SOSA”, a patented herbal medicine used for addiction treatment. Nirvana had announced in November 2022 that it was looking at buying the company, but wanted to perform …