There is a tsunami of debt headed straight for the cannabis industry. When capital dried up a few years ago, many publicly traded cannabis companies turned to debt for needed funding. Now, roughly $1.83 billion of that debt is set to come due by 2026. Facing the wave There’s no …
The Daily Hit is a recap of the top financial news stories for Tuesday, October 15, 2024. On the Site BevCanna changes name as it says goodbye to cannabis The new company will focus on nutraceuticals after its recent acquisition. Read more here. Leafly at risk of Nasdaq delisting, plans …
Canadian cannabis producer Avant Brands Inc. (TSX:AVNT) (OTCQX: AVTBF) reported record third-quarter revenues on Tuesday, driven by surging international demand on its end. The company posted gross revenue of C$9.6 million for the quarter ended Aug. 31, up 27% from a year earlier. Net revenue rose 30% to C$8.5 million. …
A warehouse used by cannabis operator Green Dragon has sold for $11.4 million, as its parent company prepares to shut down operations amid wider turmoil and legal disputes. Texas-based investor Donald A. Ball, operating as Kovak & Co., acquired the 91,981-square-foot Denver facility for about $124 per square foot, public …