Tag : Million

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California’s Largest Licensed Cannabis Wholesale Marketplace Nabis Secures $23 Million in Series B Funding

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Nabis, California’s largest licensed cannabis wholesale marketplace platform, announced today the company raised $23 million in a Series B funding round. The infusion of capital will support expansion of Nabis’ online wholesaling business that already distributes more than $350 million worth of cannabis products per year. Prominent Series B investors include FJ Labs, Artemis Growth Partners, Silverleaf Venture Partners, Liquid......
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Prima Closes $9.2 Million Seed Plus Financing to Accelerate Growth as Top Player in Plant Therapeutics and Cannabinoid Sciences

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 The Uplifters’ Prima, PBC (“Prima“) the award-winning, purpose-driven brand focused on efficacy-driven and science-backed plant therapeutics and cannabinoids, today announced the close of a $9.2 million Seed Plus financing led by leading institutional venture firms Greycroft, H Ventures, Defy, and Lerer Hippeau, with notable participation from Adam Zeplain (mark vc), Global Founders Capital, Emerald Health, One Gun, and Purple Arch Ventures. Prima......
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Petalfast Closes $2.8 Million Round Of Funding Led By Merida Capital Holdings

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Petalfast Inc. today announces the closing of a $2.8 million capital raise in connection with its latest round of Series A funding. Led by Merida Capital Holdings, the funding provides Petalfast with the opportunity to strengthen and accelerate its role as the full-spectrum solution for both established and up-and-coming cannabis brands seeking to......
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Digital Payments Platform AeroPay Raises $5+ Million Venture Round Led by Chicago Ventures Amid Rapid Growth

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AeroPay, a Chicago-based digital payments platform powering bank transfer payments for businesses, announced today the closing of a $5+ million Venture Round. The round was led by Chicago Ventures, a firm that leads investments in early-stage startups. The Chicago Ventures portfolio includes online financial services company M1 Finance, celebrity video-sharing website Cameo,......
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Xebra Announces $5 Million Private Placement Financing

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Xebra Brands Ltd. (“Xebra”) is pleased to announce a non-brokered private placement (the “Private Placement”) for gross proceeds of up to CAD$5 million. ABOUT XEBRA: Xebra is a cannabis cultivation and products company, with global brands and intellectual property. Our products focus includes beverages, wellness and leisure. Xebra is expecting a decision by......
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Sundial Announces Issuance of New Warrants and US$89.1 Million Proceeds from Warrant Exercises

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Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced today that holders (the “Holders”) of 98,333,334 warrants (the “Warrants”) to purchase common shares (the “Common Shares”) of the Company will exercise for cash their Warrants at prices of US$0.80 and US$1.10 for gross proceeds to Sundial of US$89.1 million. In exchange, the Company will issue......
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Akerna Flash Report: Valentine’s Day Weekend Cannabis Sales Top $170 Million, Consumer Base Trends Toward Females

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Business intelligence from Akerna (Nasdaq: KERN), an enterprise software, leading compliance technology provider, and developer of the cannabis industry’s first seed-to-sale enterprise resource planning (ERP) software technology (MJ Platform®), finds that the cannabis consumer demographic continues to trend towards women. Data from the 2021 Valentine’s Day weekend (2/12-2/14) shows a 3% year over......
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Sundial Growers Announces Closing of its US$74.5 Million Registered Offering

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Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced today that it has closed a best efforts underwritten registered offering of 60,500,000 Series A Units, each consisting of one common share and one-half Series A Warrant, with each whole Series A Warrant entitling the holder to purchase one common share,......
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Barchart.com Reports a Record 3.7 million Users for January 2021

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Barchart, a leading provider of market data and technology services to the financial, media, and commodity industries, announces that www.barchart.com recorded a record 3.7 million users for the month of January 2021. The financial media arm of Barchart, barchart.com provides investors, traders and other market participants with access to market data, information and......
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Sundial Growers Announces US$100 Million Registered Offering

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Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) announced today that it has priced a best efforts underwritten registered offering of 100,000,000 Series A Units, each consisting of one common share and one-half Series A Warrant to purchase one common share and 33,333,334 Series B Units (and together with the......