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The marijuana retail and cultivation segment continues to lead the pack with regard to capital raises and acquisition activity.

Year-to-date, the sector has raised a total of $three.two billion and completed 48 M&A bargains.

That compares with $1.55 billion and 17 bargains for the identical period final year.

In addition, the quantity of transactions involving private businesses in 2019 as an general percentage continues to develop – 27% so far this year versus just 11% in 2018.

This weekly series from Marijuana Small business Day-to-day and Viridian Capital Advisors offers the most recent information on cannabis investment activity and M&A, along with important takeaways, evaluation and trends primarily based on current industry moves.

The information under, supplied by Viridian Capital Advisors, is by means of the week ended April 19.

For a lot more evaluation and in-depth appears at the investment trends and bargains driving the cannabis market forward, sign up for our new premium subscription service, Investor Intelligence.

Best raises closed final week:

  • Greenlane Holdings, a distributor of vapes and other cannabis-associated items, closed its Nasdaq IPO, raising $102 million in the method. The business now trades below the ticker symbol GNLN.
  • Zenabis, a Vancouver, British Columbia-primarily based cannabis cultivator, closed an equity providing of 28.7 million Canadian dollars ($21.three million). The proceeds will mostly be applied to expand cultivation facilities.
  • Village Farms International, a Canadian greenhouse grower with a 50% stake in cannabis enterprise Pure Sunfarms, closed a CA$20 million equity providing, which will be applied for operating capital desires, like for the company’s U.S. hemp operations.

Best M&A bargains closed final week:

  • Acreage Holdings (CSE: ACRG.U) purchased Portland-primarily based Type Factory for $160 million. Type Factory is a marijuana-infused edibles producer and distributor
  • Cannabis One particular Holdings (CSE: CBIS) purchased particular assets of privately owned Denver-primarily based JBC Enterprises (dba Fat Face Farms).
  • Canopy Development (NYSE: CGC TSX: WEED) closed its acquisition of Spanish cannabis cultivator Canamo Y Fibras. The Spanish business, primarily based in Alicante, cultivates marijuana in a 1,600-square-foot facility and is licensed to generate hemp as nicely.

Viridian Capital Advisors is a monetary and strategic advisory firm that offers investment banking, M&A, corporate improvement and investor relations solutions to emerging development businesses and certified investors in the cannabis sector.


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