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Whereas lots of the tendencies in cannabis have held regular for the primary a part of 2019, a brand new one which’s rising is extra merger and acquisition exercise centering round america moderately than Canada.

In a webcast for Marijuana Enterprise Each day’s Investor Intelligence this week, Scott Greiper, president of Viridian Capital Advisors, notes that the primary quarter of this 12 months was the primary time america topped Canada as essentially the most lively goal area for marijuana M&A.

This previous week continued alongside that path, with 5 of the 9 tracked M&A offers focusing on U.S.-based firms.

This weekly collection from MJBizDaily and Viridian Capital Advisors gives the newest knowledge on cannabis funding exercise and M&A, together with key takeaways, evaluation and tendencies based mostly on current market strikes.

The information beneath, supplied by Viridian, is thru the week ended June 21.

For extra evaluation and in-depth appears on the funding tendencies and offers driving the cannabis business ahead, join our new premium subscription service, Investor Intelligence.

Prime raises closed final week:

  • Trulieve, which is the market chief in dispensary operations in Florida, closed a $70 million debt capital elevate with web proceeds from the providing for use for capital expenditures, acquisitions, indebtedness compensation and for basic company functions.
  • MediPharm Labs, a Canadian infused product producer, raised 75 million Canadian {dollars} ($56 million) in a share providing. Internet proceeds from the providing might be used to fund ongoing capital expenditures on the firm’s Canadian and Australian services, for home and worldwide expansions, analysis and improvement and basic company functions.

Prime M&A offers closed final week:

  • MJ Freeway and particular objective acquisition firm MTech accomplished their merger to type Akerna, a cannabis compliance know-how firm. Akerna is now buying and selling on the Nasdaq below the ticker image KERN.
  • Surterra Wellness, which has a dominant presence in medical marijuana dispensaries in Florida, accomplished its acquisition of NETA Wellness of Massachusetts. It’s Surterra’s first foray into the japanese a part of america exterior Florida. Worth of the transaction was not disclosed.

Viridian Capital Advisors is a monetary and strategic advisory agency that gives funding banking, M&A, company improvement and investor relations companies to rising development firms and certified traders within the cannabis sector.

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