Why Did MedMen and PharmaCann Call it Off?
On October 8, MedMen Enterprises (MMEN) (MMNFF) announced that it would not buy PharmaCann. Both parties decided to call off this all-stock transaction. MedMen valued PharmaCann at $682 million. The company planned to fund the deal through equity dilution. Once the deal was complete, PharmaCann shareholders would account for 25% ownership in the new combined […]
Marijuana Legalization: ‘Make It Legal Florida!’
Marijuana legalization is firing up. Currently, cannabis is legal for recreational use in ten states and Washington DC. Cannabis is legal for medical use in 33 states. Other states are also gearing up to legalize marijuana. Today, we’ll discuss how Florida is stepping up for cannabis legalization. “Make it legal, Florida!” Legalizing medical marijuana has […]
Curaleaf Signs Definitive Agreement to Acquire Acres Cannabis
The announcement Today, Curaleaf Holdings (CURA)(CURLF) announced that it had signed a definitive agreement to acquire Acres Cannabis for $70 million in a cash and stock transaction. Currently, Acres operates 269,000 square feet of cultivation facilities and a cannabis dispensary in Las Vegas, Nevada. The acquisition will add a 42,000-square-foot climate-controlled greenhouse cultivation platform and 227,000 […]