Industry Headlines: Page 7

Vireo Growth Refinances Senior Secured Debt Through $120M Loan

The cannabis company also expanded its consolidated credit facilities with an additional $33 million second lien term loan.

FLUENT Opens Company’s 1st Adult-Use Dispensary in New York

The cannabis company rebranded the retail facility in Kingston following its RIV Capital acquisition.

Collective Project Launches Portfolio of Hemp-Derived THC Beverages in 25 States

The top-selling Canadian cannabis beverage brand is now shipping directly to consumers across the country.

Curaleaf Buys Out Minority Partner in Curaleaf International

The transaction with an institutional investor brings the cannabis company’s stake in its European holding company to 100%.

Viola, Tempter’s Unite to Elevate the Cannabis Beverage Experience

The multi-national cannabis brand is partnering with the pioneering hemp-derived THC beverage company.

Blüm Holdings Signs $5M Agreement to Acquire Northern California Cannabis Dispensary

The new dispensary will join Blüm’s growing portfolio, which includes three other Northern California stores and a recently acquired Bay Area location.

FLUENT Appoints Former Governor to Board of Directors

Peter Shumlin, a Democrat who served three terms as Vermont’s governor, joins the cannabis company’s board.

Cannabist Cultivation Workers Ratify 1st Union Contract in New Jersey

The cannabis workers in Vineland voted to accept their contract with UFCW Local 152 after first deciding to organize nearly three years ago.

Cronos Grows International Footprint in Switzerland

The Canadian cannabis company partnered with Dascoli Pharma AG to expand the distribution of its PEACE NATURALS brand in the Swiss market.

AYR Wellness Misses Interest Payment on Outstanding Senior Notes

The cannabis company does not anticipate that the missed payment will result in operational challenges as it restructures its debt profile.

TerrAscend Exiting Michigan, Will Sell 4 Cultivation Facilities, 20 Dispensaries

The cannabis company announced the strategic exit to focus on core markets. The net proceeds from its divestitures will be used to pay down debt.

California Cannabis Excise Tax Hike Takes Effect as Consumers Face Mounting Cost-of-Living Crisis

The excise tax increase will drive more Californians to the unlicensed market; Assembly Bill 564 offers a path to roll back the policy.

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