Page 12 - Multi State Operators News Today : Breaking News, Live Updates & Top Stories | Vimarsana

First in a series on the New York State Cannabis/Marijuana Regulation & Taxation Act  New York state recently passed long-awaited adult-use cannabis legislation, taking the lead on other key jurisdictions with medical use-only systems, such as Florida and Pennsylvania. While the bill awaits implementation, now is the time for entities interested in entering the market to gear up for the application process. While new businesses aren’t expected to open for at least a year, the regulations will be published and license process initiated much sooner. Over the next few weeks, Fox Rothschild�...

RWB Received an $8 Million Warrant Exercise From an Institutional Investor and Signed an Irrevocable $7 Million Non-Convertible Debenture Unit Financing Commitment Red White & Bloom (OTCQX:RWBYF) announced that it has arranged the required cash for the closing of its previously announced acquisition of an Illinois Adult Use and Medical Cannabis Cultivation Center License and Associated Assets. Upon closing, and subject to regulatory approval, the Company intends to introduce both its Platinum Vape and High Times branded products into the Illinois market. “Surpassing USD $1 billion of...

Cannabis Stocks Are Running Hot There is also some good action again in bitcoin and bitcoin stocks. Feb 03, 2021 | 11:17 AM EST Today is one of those days where I'm so busy trading some great action that I don't even look at the indices. All the senior indices are slightly down to flat and look quite lifeless. Breadth is also slightly negative with around 3500 gainers to 3900 decliners, but there are nearly 300 stocks hitting new 12-month highs. Once again, the action in this market is in sectors and themes. The stock picking action is very strong, especially in the cannabis sector. T...

To embed, copy and paste the code into your website or blog: The legal cannabis market is still in its infancy and there is much more room to grow. At the end of 2020, we saw an uptick in merger and acquisition activity as the industry shook off some pandemic-related instability, and we expect that trend to increase significantly in 2021. Despite abundant money available to the large Multi-State Operators (MSOs), most cannabis companies still have relatively limited avenues to raise capital due to the federal illegality of the industry. However, that may change soon with the Democrats now con...

Constellation Brands (NYSE: STZ) invested $4 billion in it, which will pay off over the long-term period. Constellation increased its investment in Canopy to around 55.8% of its common shares. Conversely, Tilray does not have a major shareholder to help it financially or to guide it from a leadership perspective. Risks The additional $72.9 million exchange agreement will keep the company afloat as it continues burning cash every quarter. Shareholders should frown on the stock dilution, which rivals that of Aurora Cannabis (NYSE: Investors have no choice. On Nov. 11, Aurora took advantage of ...