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 …
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 …
While international cannabis and beer company Tilray Brands Inc. (Nasdaq: TLRY) (TSX: TLRY) has experienced markedly better financial results since its eye-popping $1.4 billion loss for fiscal year 2023, the company’s pivot into beer and hemp has not yet solved its financial woes, with $222 million lost last year and …
Many of the top cannabis industry insiders acknowledge continued difficulties in the industry today, but their outlook at the Benzinga Cannabis conference, held in Chicago this week, was far more optimistic than last year. Several themes kept recurring in various panels and hallway conversations, including: Ongoing lack of capital …