The parent company of online cannabis advertising giant Weedmaps – California-based WM Technology Inc. (Nasdaq: MAPS) – plans to raise $224.3 million by more than doubling the number of shares issued to date to stockholders, the company said in a pair of prospectus filings with securities regulators this month. The …
Tilray AMA: Cannabis beverages offer the biggest opportunity
Tilray Brands (NASDAQ: TLRY) CFO Carl Merton faced shareholders on Reddit after markets closed on Tuesday, addressing a wide range of questions from the company’s plans in Europe to when the company expects to turn a profit. But a core focus for the executive was the opportunities in cannabis beverages, …
Minnesota cannabis regulators scrap lottery for standard licensing
Minnesota cannabis regulators announced Wednesday they will abandon their initial social equity licensing lottery system and transition to a standard licensing process for both social equity and general applicants. The Office of Cannabis Management’s decision comes after a Ramsey County District Court judge stayed the planned Nov. 26 license lottery, …
Berkshire unit seeks dismissal of Trulieve’s insurance coverage case over worker death
A Berkshire Hathaway (NYSE: BRK.A) insurance unit is looking to dismiss a lawsuit brought by cannabis company Trulieve over coverage related to a worker’s death in Massachusetts, arguing the worker wasn’t employed by any of the companies seeking protection. In a motion filed Monday in Florida federal court, Berkshire Hathaway …