Green Market Report just learned that one of the sponsors at next week’s Green Market Summit is going to be announcing a new product at the conference. This is going to be huge news. We still have some room left, but there is a limited about of seats. Get your tickets before it’s too late.
Curaleaf announced this week that it was acquiring Cura Partners, known for their Select brand in an all-stock deal valued at $948 million. Select ‘s THC products are sold in more than 900 retailers, it is the leading cannabis brand in key Western states. The combination of the two companies will give Curaleaf a leg up on the West Coast due to Select’s brand strength.
Canopy Growth had another busy week. It acquired a German synthetic cannabis company called C3 for $250 million. Which seems a bit odd for a company that prides itself on its plants. But really it’s buying entry into the German market. Canopy also gave an update on its NY hemp plans in which the company plans to begin hiring later this year.
CannTrust priced its previously-announced public offering of 36 million shares at $5.50 per share. The company is selling 30 million shares for total gross proceeds to the Company of approximately US$170 million.
iAnthus raise $25 million selling convertible notes.
Lots of earnings this week.
Sunniva Inc. (CSE: SNN) (OTCQB: SNNVF) reported its fiscal 2018 results for the year ending December 2018 in Canadian dollars. The company delivered$18.8 million in revenue versus 2017’s $16.1 million.
Plus Products reported that its 2018 full-year revenues increased by 681% to $8.4 million versus the 2017 revenues of $1.1 million.