Marijuana Cash March 19, 2021


Cresco Labs (OTCQX:CRLBF) stated it was shopping for Massachusetts-based Domesticate Licensing LLC and BL Actual Property LLC  for roughly $90 million, plus an earnout of as much as $68 million. The corporate has two operational dispensaries in Leicester and Framingham and a 3rd dispensary in Worcester is predicted to open within the second quarter of 2021. The deal is predicted to shut within the fourth quarter of 2021.

 

Hashish SPAC (particular goal acquisition firm)  Greenrose Acquisition Corp. (NASDAQ: GNRSU, GNRS, GNRSW)  stated it was buying 4 cannabis firms, which it has dubbed The Platform. The businesses are Shango Holdings, Futureworks, Theraplant and True Harvest. The full preliminary transaction worth is $210 Million with a most earnout of $110 million. Greenrose plans to provoke an providing of $150 million.

 

 Inexperienced Thumb Industries Inc.  (OTCQX: GTBIF) reported its monetary outcomes for the fourth quarter and full-year ended December 31, 2020. Income for Inexperienced Thumb elevated 133.8% to $177.2 million for the fourth quarter over the identical time interval in 2019 and elevated 12.8% sequentially. This beat analyst’s estimates in response to Yahoo Finance for $167 million.

 

TPCO Holding Corp.  also called The Mother or father Firm (OTCQX: GRAMF), previously Subversive Capital Acquisition Corp., The corporate’s unaudited consolidated professional forma revenues for the fourth quarter have been $40.2 million, a 40% improve versus $28.7 million within the fourth quarter of 2019. The corporate additionally reported that its unaudited consolidated professional forma revenues for the yr ended 2020 have been $188.7 million.

 

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Columbia Care Inc. (OTCQX: CCHWF)  reported Income rose 234% within the fourth quarter to $81.7 million versus $24.5 million for a similar time interval in 2019. The web loss for Columbia Care within the fourth quarter was $73 million versus final yr’s web lack of $28 million.

HEXO Corp. (NYSE: HEXO) reported that its complete web income within the second quarter elevated $3.4 million to $32.8 million from $29.4 million within the first quarter due primarily to 11% development in non-beverage adult-use cannabis gross sales and 11% development within the adult-use beverage class. 

 

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GrowGeneration Corp . (NASDAQ: GRWG) is shopping for one other firm. This week it stated it was shopping for Char Coir, an RHP-certified rising medium produced from coconut fiber. The chain additionally purchased 55 Hydroponics, a hydroponic and natural fertilizer superstore positioned in Santa Ana, California. The corporate wasn’t carried out, it additionally stated it was shopping for Aquarius Hydroponics, which is without doubt one of the largest hydroponics retailers in New England.

 


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