Green Market Report’s Marijuana Money October 23, 2020 - Grow Life 420

Green Market Report’s Marijuana Money October 23, 2020

October 23, 2020

#KahliBuds #MMJ #CBD #THC

Marijuana Money Minute

The Flowr Corporation (TSXV: FLWR) (OTC:FLWPF) is buying  Terrace Global in a deal valued at $63 million. Together the two companies have a strong balance sheet with more than $31 million in combined cash and marketable securities to support their growth.

Vibe Growth Corporation (CSE: VIBE) (OTC Pink: VBSCF) announced preliminary unaudited third-quarter 2020 financial highlights. The company said that its revenue is expected to exceed $7.25 million, a 28% sequential increase over the second quarter. Vibe also said it expects to continue to report positive EBITDA and adjusted funds flow in Q3 2020 due to the strategic initiatives implemented earlier this year which resulted in improved margins and operating efficiencies.

Lots of financing moves to go over this week as companies try to clean up balance sheets

Harvest Health & Recreation Inc.  ( CSE: HARV ) has entered into an agreement pursuant to which Eight Capital, as lead agent and bookrunner, will purchase on a “bought deal” basis 13,274,400 units of the Company at a price of $2.26 per Unit for aggregate gross proceeds to Harvest of $30 million.

Planet 13 upsized a previously announced offering of units. Earlier this week, the Vegas superstore company said it was raising $20 million with 4.7 million units at C$4.30 per unit. The new deal is now 5.825 million units at the same price bringing in $24 million. The closing of the Offering is expected to occur on or about November 5

4Front Ventures Corp Announced a C$15 Million Bought Deal Public Offering. the company entered into an agreement with Beacon Securities Limited. The underwriters have agreed to purchase, on a bought deal basis, 21,430,000 units.

Acreage Holdings (OTCQX: ACRHF, ACRDF), announced that it retired short-term strategic financing. The financing was announced in June 2020 and the company paid an aggregate amount of approximately $18 million in order to retire the full balance and accrued interest. 

And finally, LeafLink’s October data reported a 118% year-over-year (YoY) increase as measured by LeafLink’s Gross Merchandise Value or the total value of merchandise sold over a certain period of time, so in this case, January-September. LeafLink’s data is representing wholesale cannabis data from six key legal states: Nevada, California, Colorado, Oregon, Arizona, and Michigan.  Michigan’s YoY GMV increased by a whopping 342%, and out of these six states, it is the strongest escalation in GMV.


The post Green Market Report’s Marijuana Money October 23, 2020 appeared first on Green Market Report.



Video Staff, KahliBuds, 420GrowLife

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