Industry News

Valens closes previously announced bought deal financing

The Valens Company closed its previously announced bought deal public offering of units of the Company for total gross proceeds of $39.7mm. The Company sold 19.4mm Units at a price of $2.05/unit, including 2.3mm units sold pursuant to the exercise of the underwriters’ over-allotment option. The Company plans to use $32.0mm of the net proceeds…

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TGOD to transition its medical business to a wholesale model

TGOD unveiled plans to transition its medical business to a wholesale model, in line with other pharmaceutical products’ distribution models, working with national partner Medical Cannabis by Shoppers to unlock growth potential. Patient-centered approach eliminates the need to register with multiple licensed producers to access a broad portfolio of medical cannabis products. The transition helps…

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iAnthus closes $11.0mm bridge note financing to build-out NJ facilities

iAnthus has closed an $11.0mm bridge financing funded by certain lenders affiliated with the counterparties to the previously announced restructuring support agreement dated 10 Jul’20, being the holders of all of the 13.0% senior secured convertible debentures issued by iAnthus Capital Management, LLC and the holders of 91.0% of the principal amount of 8.0% convertible…

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