Weekly Extract Feb. 7, 2022

by | Feb 7, 2022 | Weekly Extract

Welcome to the Weekly Extract, parsing key information out of the week’s cannabis headlines.

This week’s Extract covers ….

  • Recently Published:
  • M&A and Investment 
    • Verano acquires Goodness Growth, draws $100m credit at 8.5%
    • Silver Spike Investment Corp brings NASDAQ liquidity to Plant Touching Lending
    • Silver Spike Acquisition Corp II to take Psilocybin drug developer Eleusis public, leaves $491m Ancillary SPAC capital
    • Innovative Industrial Starts then Pulls $300m debt offering
    • Pharmacann raises another $40m debt under same terms as June $85m post Cronos option debt
    • Agrify Corporation Announces $27.3 Million Private Placement
    • Agrify adds more extraction with purchase of Lab Society at 0.8X sales
  • Company News 
    • Ownership Behind Colorado Dispensary Chain Battling Over $100 Million
    • Canopy Growth having mold issues
    • Weedmaps, concerns from operators
  • Regional News
    • Federal Probe Into Missouri Medical Marijuana Licensing May Be Ongoing, Court Documents Suggest
    • Who Applied for Ohio’s New Dispensary Licenses?
    • Omicron strains marijuana industry supply chain – The Boston Globe
    • Hochul’s office pushed for $75M sale of MedMen to help campaign donor claims lawsuit. 

You can sign up to receive the Weekly Extract here. Each week you will receive an email of about ~3,000 words of real-time analysis and key takeaways of the week’s cannabis news. It will be organized into broad categories (Company news, Legal News, etc), with links to the underlying sources, and a short paragraph distilling the key business take-away and readthroughs of the events.