Marijuana Money October 13, 2017

Atlanta’s Mayor signed a decriminalization law this week following some confusion that he was going to veto the ordinance.

California wildfires are hurting the outdoor cannabis crops at harvest time destroying several farms and Los Angeles County awarded the first cannabis business license under the new program to a Latina woman in Malibu.

Aurora Cannabis (ACBFF) has upsized its financing round to 60 million Canadian dollars up from its previously planned 50 million Canadian dollars.

Organigram Holdings (OGRMF) is taking on a project to triple the size of its operations. The company needs to expand as it prepares for the adult use market that will be legal next year. The current facilities will be expanded from 36,000 square feet to a whopping 134,000 square feet. The company will also be adding 140 new employees. Organigram said that all current projects are fully funded, on budget and on schedule.

Innovative Industrial Properties (IIPR) priced a public offering of 600,000 shares of its 9% Series A preferred stock at a price of $25 per share for gross proceeds of roughly $15 million. The offering is expected to close October 19.

True Leaf has engaged Boustead Securities to pursue a Reg A offering to raise 10 million Canadian dollars.

Alternate Health (AHGIF) is projecting $75 million in revenues for the next 12 months starting in the 4th quarter of 2017.

GrowGeneration (GRWG) has uplisted on the OTC market and is now trading through the OTCQX market that is reserved for established companies that meet high financial standards.

Debra Borchardt

Debra Borchardt is the Co-Founder, and Executive Editor of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Master's degree in Business Journalism from New York University.

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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