Little Liberia, Michigans first and only Liberian restaurant-in-the-making, has found a new home in Detroits East Warren Corridor. This exciting new location will be situated on the first floor of The Ribbon in Detroit’s East […]
Tag: Midwest
Energroup Holdings to acquire California operator Cocannco
Energroup Holdings Corp. (OTC: ENHD) will enter California’s regulated cannabis industry through its planned acquisition of portfolio company Cocannco. Cocannco is simultaneously working to acquire Clearly California Products, a cannabis manufacturer that launched in 2022, the companies announced Friday. The deals would give Energroup an immediate foothold in California through …
Entourage Health to go private in deal with union pension fund
Canadian cannabis producer Entourage Health Corp. (TSXV: ENTG) – formerly WeedMD – will be taken private by LiUNA Pension Fund of Central and Eastern Canada for C$0.005 per share, the companies announced Monday, following months of mounting losses and debt covenant breaches. Entourage faces C$167.6 million in debt under credit …
The great culling of Michigan cannabis companies could start in earnest in 2025
This story was republished with permission from Crain’s Detroit. Michigan’s cannabis industry faces a reckoning in 2025. Oversupply and low, low prices are coming to a head in the industry, leaving a trail of shuttered cultivators and processors. The average price for an ounce of cannabis flower in Michigan’s adult-use …