The Daily Hit: April 10, 2019

It’s time for your Daily Hit of cannabis financial news for April 10, 2018.

On The Site

Northern Swan

U.S. based investment fund Northern Swan Holdings has completed $58 million in Series D financing, bringing the total amount of capital raised to date to $96 million. The company will be using the funds to expand its existing Latin American operations including Clever Leaves, a leading vertically integrated licensed producer of medical cannabis in Colombia.

The company will use some of the funds to invest in new low-cost, large-scale cannabis cultivation and processing centers and to build out distribution channels and brands in Europe, Latin America and North America such as Cansativa GmbH, a German cannabis distribution and Lift & Co., a Canadian marketing and data company.

In Other News


MPX International Corporation  (CSE: MPXI; OTC: MPXOF) entered into a definitive agreement to purchase all outstanding shares of HolyWorld SA from Romain Gruner, Bernard Rappaz and Laurent Rappaport. This acquisition represents a major step in MPXI’s expansion strategy, adding a highly recognized brand to its portfolio, as well as one of the largest Western European outdoor cultivators of high-CBD flowers.

MPXI will acquire all of the HolyWeed Shares for a total purchase price of CHF10,000,000 (CDN$13,384,000 calculated using a deemed exchange rate of CDN$1.34 for each CHF1.00 for the purposes of this resolution which number shall be adjusted upwards or downwards to the extent necessary using the exchange rate posted at the close of business by the Bank of Canada five (5) days prior to closing) through the issuance of common shares of MPXI at price of CDN$0.53 per MPXI Share. MPXI will issue approximately 25,252,830 MPXI Shares to the shareholders of HolyWeed which number shall be adjusted upwards or downwards to the extent necessary using the exchange rate posted at the close of business by the Bank of Canada five (5) days prior to closing.


Ionic Brands Corp., formerly Zara Resources Inc. (CSE: IONC) has entered into a Letter of Intent to acquire licensed cannabis volatile extraction and manufacturing assets of Kavry Management LLC.

Ionic BRANDS signed an LOI dated April 4, 2019, with Kavry subject to definitive documentation and for a purchase price of US$2,900,000 in cash and shares, with the shares valued based on the closing price of the Company’s shares immediately preceding the date of closing.


CB2 Insights  (CSE: CBII) closed its previously-announced acquisition of MedEval Clinic, LLC, a multi-state medical cannabis clinic group with operations in Arizona and Colorado.

“With the completion of this additional 2019 acquisition, CB2 continues to solidify our position as the leading group of multi-state medical cannabis evaluation and education centers in the US,” said Prad Sekar, CEO, CB2 Insights.  “We continue to focus on executing against our clinical consolidation strategy.  These acquisitions not only bring meaningful lift to our top line revenue, they are key to growing our data pool as more and more stakeholders are looking for clinically-validated, evidence-based data to assess the true efficacy of cannabis treatment globally.”

Quantum Capital

QUANTUM CAPITAL, INC. (PINKSHEETS: LTSN) is pleased to announce that it has entered into a Letter of Intent (“LOI”) to form a Joint Venture with Hemp Kings, Corp., a company with significant cannabis assets in Canada, with retail operations currently generating over $1 billion in cannabis sales.

Upon completing the transaction, Quantum will assist Hemp Kings, corp. in creating a network of branded cannabis products. Quantum’s digital business platform will also help Hemp Kings, corp. better interact with their customers, our business plan will boost Hemp Kings, Corp. sales.

In the coming weeks, Quantum will keep its shareholders and investment community completely informed of the entire process, watch for regular press releases about the Company’s progress.


WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) has closed on the purchase of an additional 60 acres of prime land located directly adjacent to its 98-acre Strathroy property. WeedMD’s outdoor grow now has the potential to increase to more than 100 acres. As previously announced, the company has applied to Health Canada for an amendment to its Strathroy licence to expand beyond its greenhouse cultivation with an initial 25-acre, low-cost, outdoor grow operation in 2019. Link to release here. An additional 25 acres had previously been planned to come online as Phase II in 2020. With today’s announcement, Phase II will increase to 75 acres for an overall outdoor cultivation of 100 acres online by 2020.

Nabis Holdings

Innovative Properties Inc. dba Nabis Holdings (CSE: NAB)(OTC: INNPF) completed its investments in strategically located properties that have municipal approvals for provisioning centres in Battle Creek and Constantine, both located in Michigan. The company is currently targeting to complete three additional provisioning center acquisitions in the coming weeks, bringing the total to seven provisioning centers in Michigan. Nabis is currently evaluating ten to fifteen additional municipally-approved locations in Michigan which will substantially increase the Company’s overall presence in the U.S. cannabis space.


Evio, Inc. (OTCQB: EVIO) has closed an initial tranche in its offering of Units in the Company, for an aggregate amount of $586,000. The bulk of the Offering was completed on a best efforts basis through the lead agent and bookrunner Dominick Capital Corporation of Toronto, Canada.

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the latest cannabis news delivered right to your inbox

The Morning Rise

Unpack the industry with the daily cannabis newsletter for business leaders.

 Sign up

About Us

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


Recent Tweets

Get the latest cannabis news delivered right to your inbox

The Morning Rise

Unpack the industry with the daily cannabis newsletter for business leaders.