New York State ended up not approving any adult use legalization. While some believed it might happen in the last minute, the bill was abandoned in favor of further decriminalization.
Akerna, the combination of MTech and MJ Freeway began trading this week on the Nasdaq using the symbol KERN. CEO Jessica Billingsley is the first woman to lead a Nasdaq traded cannabis company and this is the first compliance software company to get approved for listing at this exchange. The stock moved over 200% in its first day of trading.
Canopy Growth and Acreage Holdings shareholders approved of the company’s merger. There had been some noise from a shareholder that it wouldn’t get approved at one point, prompting the company to state that there was no such problem and indeed there wasn’t. Full speed ahead for this mammoth merger.
MediPharm Labs said it plans to uplist at the Toronto Exchange and the company also closed on a $75 million bought deal.
Jushi Holdings acquired three unnamed dispensary permit holders for $63 million. Not dispensaries, just permit holders.
The Flowr Corporation signed for a $50 million credit facility.
Green Flower Media closed on a $20 million Series A Round.
CannTrust formed a joint venture with Elk Grove Farming Company to make its entry into the California and U.S. market
And Charlotte’s Web increased its hemp planting by 187% to meet demand.