LeafLink acquires Dama Financial's banking division to enhance cannabis industry financial services, addressing long-standing access issues.

Nutri Co secures a $2M investment from Terraflos to boost global expansion and develop innovative cannabis-based foods.

Chain Bridge I acquires Phytanix Bio in a $58M deal, advancing cannabinoid medicines and eyeing a Nasdaq listing under ticker PHYX. Read now!

Some European cannabis companies are already planning initial public offerings (IPOs) on the Nasdaq, encouraged by the prospect of a less restrictive regulatory environment. The potential rescheduling of cannabis to Schedule III of the Controlled Substances Act and Germany’s recent decriminalization have ignited optimism within the sector.

Jones Soda Co. (CSE: JSDA) (QTCQB: JSDA) announced on Thursday that it has upsized its private placement of units.The Seattle-based company first announced a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million last week, only to increase the size of its private placement shortly after. According to a July 11 press release, Jones Soda said it will issue up to 10,000,000 units of the company for $0.40 per unit, for aggregate gross proceeds of $4 million. The company now intends to issue up to a maximum of 12,500,000 of its units for $0.40 per unit, for aggregate gross proceeds of up to $5 million, according to Thursday's press release.

New York-headquartered cannabis company Ascend Wellness Holdings, Inc. (CSE: AAWH-U.CN) (OTCQX: AAWH) said on Thursday that it has closed its previously announced private placement of $235 million of 12.75% senior secured notes due 2029. The company said in a press release the notes were issued at a price of 94.75% of face value. The notes - which mature on July 16, 2029 - are senior secured obligations of the company and bear interest at a rate of 12.75% per annum, payable semi-annually in arrears until their maturity date, unless earlier redeemed or repurchased by their terms.

Delta 9 Cannabis Inc. (OTC: DLTNF) said on Monday that it had obtained an initial order for creditor protection from the Court of King's Bench of Alberta under the Companies Creditors Arrangement Act (CCAA). The Initial order provides for a 10-day stay of creditor claims and proceedings concerning Delta 9 and its subsidiaries, Delta 9 Logistics Inc., Delta 9 Bio-Tech Inc., Delta 9 Lifestyle Cannabis Clinic Inc. and Delta 9 Cannabis Store Inc.