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Pot of gold? Inside Europe's evolving cannabis market

July 25, 2018

As Canada prepares to embrace legalised marijuana, across the pond Europe is beginning to rethink its position and investors are taking notice. But what would a legal European cannabis market look like?

PE-backed Tilray brings in $153M in IPO

July 20, 2018

Medical cannabis provider Tilray has raised $153 million in an initial public offering on the NASDAQ by selling 9 million shares for $17 each, valuing the business at an estimated $1.56 billion....

Canopy Growth's acquisition of Tokyo Smoke signals consolidation for Canadian cannabis

July 11, 2018

Canopy's $205 million deal for Hiku highlights how rapidly the cannabis sector is consolidating in anticipation of legal recreational marijuana sales in Canada as the Cannabis Act takes effect later this year.

Privateer-backed cannabis company chooses IPO range

July 10, 2018

Tilray, a provider of medical marijuana products, has announced plans to sell 9 million shares for between $14 and $16 each in its upcoming offering on the NASDAQ under the symbol TLRY. A midpoint...

Cannabis sparks $2.5B merger in Canada

May 15, 2018

Aurora Cannabis has agreed to purchase fellow marijuana grower and distributor MedReleaf in a deal valued at C$3.2 billion (about $2.5 billion). Current Aurora shareholders will control 61% of the...

Canada gives green light to $857.3M cannabis deal

March 2, 2018

Aurora Cannabis and CanniMed Therapeutics have received approval from Canadian regulators for a merger worth C$1.1 billion (about $857.3 million). Aurora will now begin purchasing CanniMed shares...

GemmaCert grows with $2.3M Series A

February 15, 2018

Cannabis tech startup GemmaCert has secured $2.3 million in a round led by NEO Ventures, Stony Hill and Arba Finance, with participation from Aggrinovation. The company develops potency-testing...

Liberty to buy Copperstate Farms interest for $20M

February 5, 2018

Liberty Health Sciences has agreed to pick up a minority stake in Copperstate Farms from a subsidiary of Aphria for $20 million. The sale represents part of the Canada-based Aphria's ongoing effort...

The future of legal cannabis investment

February 5, 2018

In last week's Monday Mailbag, we asked readers how they anticipated investment in the legal cannabis industry would develop in the US over the next five years. It's clear that geography is a key...

Aphria mulls sale of US unit

February 2, 2018

Canadian cannabis producer Aphria has decided to explore strategic options for its US unit, according to Reuters. Earlier this week, Aphria agreed to purchase fellow medical marijuana company...

Canadian cannabis producers strike $670M deal

January 30, 2018

Aphria has agreed to purchase fellow Canadian cannabis company Nuuvera for C$8.50 per share, representing a valuation of about C$826 million (around $670 million) and a 30.5% premium to Nuuvera's...

Pot PE firm Privateer pulls in $100M

January 26, 2018

Legal cannabis investor Privateer Holdings has raised a Series C round worth more than $100 million, bringing the firm's total equity funding to $182 million. Privateer brought in $75 million at a...

Aurora, CanniMed strike $1.1B pot pact

January 25, 2018

Canadian marijuana producers Aurora Cannabis and CanniMed Therapeutics have agreed to a $1.1 billion cash-and-stock combination, with CanniMed shareholders set to receive a 181% premium based on...

VCs planting seeds in the cannabis industry

April 19, 2017

The startup world has seen a growing number of cannabis-related companies crop up over the past several years, a development thats likely driven by the increasing number of US states to legalize marijuana in some capacity.

The Green Scene: VC adjusts to support budding cannabis industry

February 23, 2017

The number of US states with laws legalizing marijuana for one purpose or another—recreational or medical—has only continued to grow, as has venture capital's interest...