Planet 13 Holdings Inc. (CSE: PLTH) (OTCQX: PLNH) announced plans to acquire a Las Vegas dispensary for $6.9 million plus inventory value, extending its reach in the Silver State. Planet 13’s subsidiary, MM Development Company, Inc., entered the asset purchase agreement with Exhale Brands Nevada LLC for a 3,100-square-foot dispensary …
A federal lawsuit brought by several marijuana companies hoping to overturn cannabis prohibition through the courts is back in play. Green Market Report reported that the original lawsuit was filed in October last year by Chicago-based multistate operator Verano Holdings Corp. (OTC: VRNOF), along with Massachusetts-based Canna Provisions, Wiseacre Farm, …
Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) said it has closed on a $150 million syndicated credit facility, according to a news release Thursday. The five-year facility, led by Valley National Bank, carries an interest rate of Secured Overnight Financing Rate (SOFR) plus 5%. In other words, the interest rate …
With cannabis rescheduling potentially happening at some point in the next few years, a big unknown is still what that would actually look like for existing markets. But, according to one researcher, Washington state’s decade-old regulatory framework for its legal market could serve as a solid launch pad. The state’s …