Finance: Page 62

Global Cannabis Market to Hit $42.7 Billion by 2024, According to Updated Report from Arcview Group, BDS Analytics

Worldwide legal cannabis spending hit $14.9 billion in 2019, up from $10.2 billion in 2018.

Boosting Efficiency with a Focus on People: Q&A with Leif Abel

The co-founder of Greatland Ganja discusses how to implement lean business practices into a cannabis or hemp operation while keeping employees happy.

NewTropic Launches Cannabis Manufacturing Facility in Santa Rosa, Calif.

The facility, which is in the process of becoming cGMP certified, will produce bulk cannabis crude and distillate, flower and pre-rolls, and all forms of cannabis concentrates, with edibles and beverages coming online in 2020.

Nabis Holdings Inc. to Enter into Joint Venture with Israeli Pharmaceutical Company Panaxia

Through the joint venture, the companies will launch multiple pharma-grade THC and CBD cannabis products in Arizona in the second half of 2020.

Cresco Labs Closes Sale-and-Leaseback with Innovative Industrial Properties for Ohio Facility

The company has closed on the agreement to sell its Yellow Springs, Ohio, property to Innovative Industrial Properties, Inc.

Why Insurance Policies for Directors and Officers Are Essential in the Cannabis Industry

Cannabis businesses run a higher risk of facing a “D&O claim,” or a lawsuit aimed directly at the directors and officers of the company rather than at the company itself.

Driven Deliveries to Acquire Humboldt Heritage Inc

Driven Deliveries will purchase Northern California-based cannabis distribution company, Humboldt Heritage Inc., and its subsidiaries, Humboldt Sun Growers Guild LLC and Grateful Eight LLC.

Cresco Labs Announces Signing of Senior Secured Credit Agreement

An initial drawdown of up to US$100 million is expected at the end of January, and the agreement includes a mutual option to increase to up to US$200 million.

Aphria Inc. Enters Into Agreement to Receive $100 Million Strategic Investment from Institutional Investor

The funding strengthens Aphria's cash balance pro forma to nearly $600 million.

Curaleaf Secures $300 Million in Capital

Chief Financial Officer Neil Davidson discusses the company’s loan and shares how Curaleaf was able to exceed its initial goal of $275 million.

Golden Leaf Holdings Pursues Legal Action Against BMF Washington and Its Owner

The plaintiffs assert two claims for breach of contract, arising out of the parties’ equipment leasing and intellectual property licensing agreements.

How Dispensaries and Cultivators Can Win at Taxes

Detailed records are key to success at tax time.

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