cannabis Archives - CFO

SEC Brings First Crowdfunding Fraud Case

Risk & Compliance

SEC Brings First Crowdfunding Fraud Case

A Michigan businessman and two associates allegedly misrepresented that their crowdfunding offerings would raise money for cannabis real estate investments.

By Matthew Heller | September 20, 2021

Cannabis Companies Winning Lower Priced Debt Deals

Investment Banking

Cannabis Companies Winning Lower Priced Debt Deals

As the industry matures and financials steadily improve, lenders see more security in loans to cannabis companies.

By Vincent Ryan | June 24, 2021

House OKs Bill to Make Weed Banking Legal

Risk & Compliance

House OKs Bill to Make Weed Banking Legal

The law is "an important step" toward allowing banks to serve legal cannabis and cannabis-related businesses.

By Matthew Heller | April 20, 2021

How Cannabis Cultivator Grassroots Upped Its Digital Game When States Shut Down

How Cannabis Cultivator Grassroots Upped Its Digital Game When States Shut Down

Grassroots had to pivot almost overnight when shelter-in-place mandates were ordered.

By Vincent Ryan | May 20, 2020

Tilray, Aurora Cannabis Layoffs May Signal Industrywide Problem

Tilray, Aurora Cannabis Layoffs May Signal Industrywide Problem

Cannabis companies and investors have overextended themselves, driven by the "exuberance" that comes with an emerging market and an attractive story.

By Vincent Ryan | February 7, 2020

Canopy Growth Appoints Constellation Brands CFO as New CEO

Canopy Growth Appoints Constellation Brands CFO as New CEO

Over the last two years, Constellation has invested over $4 billion in the cannabis company.

By Lauren Muskett | December 10, 2019

MedMen to Lay off 190 Workers in Profit Push

MedMen to Lay off 190 Workers in Profit Push

“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."

By Matthew Heller | November 18, 2019

Cannabis Operator Nixes Deal, Fires CFO

Cannabis Operator Nixes Deal, Fires CFO

MedMen is opting out of a transaction with Pharmacann as it increases its focus on profitability, says CEO Adam Bierman.

By Vincent Ryan | October 8, 2019

KPMG Withdraws Two Audits for CannTrust

Corporate Finance

KPMG Withdraws Two Audits for CannTrust

The Canadian cannabis company is embroiled in a scandal over an unlicensed grow facility.

By Lauren Muskett | August 9, 2019

Global Cannabis Sales Could Hit $15B This Year

Global Cannabis Sales Could Hit $15B This Year

The surge of CBD products combined with Canada's recent legalization of marijuana helped the industry's growth.

By Lauren Muskett | June 20, 2019

KushCo Loss to Double With Earnings Correction

Growth Companies

KushCo Loss to Double With Earnings Correction

The pot-packaging company says accounting errors related to recent acquisitions caused it to misstate financial results.

By Matthew Heller | April 10, 2019

Pot Retailer Green Growth to Bid $2B for Aphria

Pot Retailer Green Growth to Bid $2B for Aphria

The combined company would "marry Aphria’s low-cost [cannabis] cultivation and near-term production capacity with Green Growth’s vast retail know-how."

By Matthew Heller | December 28, 2018

Altria Makes Big Investment in Cannabis Company

Credit & Capital

Altria Makes Big Investment in Cannabis Company

Altria Group agreed to buy a 45% stake in leading cannabis company Cronos Group for about $1.8 billion.

By William Sprouse | December 7, 2018

Banking, Tax Regs Eat Into Marijuana Profits

Banking, Tax Regs Eat Into Marijuana Profits

The legal cannabis sector is experiencing geometric revenue growth, but finance execs face formidable challenges managing the money.

By Ed Zwirn | August 19, 2016

The Bud Starts Here

Growth Companies

The Bud Starts Here

The banking industry has been holding out on offering lines of credit and loans to marijuana retailers in Colorado. But that may soon change.

By Alissa Ponchione | January 27, 2014