At New Cannabis Ventures, Alan Brochstein discusses how American multi-state operators are beginning to differentiate themselves:
“We have seen two of the larger MSOs access debt markets, both including a very small amount of warrants, while another MSO has pursued convertible debt. Another aspect of capital markets approaches is how aggressive some companies have been with their mergers and acquisition strategies, while others have preferred to grow organically. Most of the MSOs cite California, Florida and Massachusetts as the most important markets in the near-term, but we have seen several be aggressive in markets like Arizona and Nevada as well.”
- Politico is launching a paid cannabis newsletter, but it’s free for the first few weeks. Business Insider recently launched a cannabis newsletter called Cultivated.
- ????WW Canada has the latest on the CannTrust scandal!
- Another step towards legal REC in Mexico.