M&A

Bhang hires Muggs while buying out Cypress Hill from joint venture

The three-day convention kicked off on a positive note at the business conference

In the all-stock transaction AgraFlora acquired Sanna for $23 million for $0.30 per share.

Westleaf says by combining forces with We Grow BC Ltd. it will create one of the largest craft cannabis companies in Canada that will be able to sell luxury products in its Prairie Records pot stores

The New York-based company is the largest multi-state operator to enter Colorado's US$1.46 billion cannabis market with its acquisition deal for The Green Solution

Ikänik Farms is looking to go public in the next several months, and CEO Brian Baca tells Mugglehead its Pideka acquisition will "crush everybody coming out of Canada" with its low-cost cultivation and export potential.

The Arizona-based company is acquiring AQUAhydrate, which is backed by Mark Wahlberg and Sean "Diddy" Combs who will help boost its new CBD product line.

The Nanaimo, B.C.-based licensed producer made a retail power grab by acquiring Four20, which operates six licensed stores in Alberta and has secured 16 other shops.

Despite Curaleaf reporting wider losses and lower-than-expected revenues in the second-quarter, investors remained upbeat on its more than US$1-billion revenue guidance for 2020.

The Toronto-based pot company is the latest to make its foray into the U.S. by acquiring Quill, a multi-state vape technology brand known for its health-focused disposable vape pens.

The new cannabis store will be called Weden Santa Ana, serving as the flagship for the California-based company's Weden brand while also advancing its business-to-consumer strategy.

The Toronto-based company makes it first deal to get inside the U.S. CBD market by acquiring Redwood Holding Group, owner of popular CBD brand Lord Jones.

The British-based tobacco firm and the Canadian pot company say the sizeable deal will help both execute their global cannabis vape plans.

The Quebec-based retail giant's $26 million investment will help Fire & Flower expand its presence of 23 cannabis stores in Alberta, Saskatchewan and Ontario.

The deal will give Supreme access to Truverra's 5,000 square-foot licensed facility the company plans to turn into a state-of-the-art extraction lab to develop next-generation cannabis products.

While cannabis producer CannTrust awaits enforcement action from Health Canada, reports have surfaced a potential buyer could swoop in to rescue the embattled company.

The Massachusetts-based company said the deal with Grassroots will make it the largest marijuana company in the world and will bring its products into 19 states, up from 12.

Green Growth said combining with Moxie will create the first “360 degree” cannabis company offering consumers both THC and CBD products in major U.S. retail locations coast-to-coast.

Acreage's CEO Kevin Murphy told Bloomberg some major deals are in the works to allow the New York-based cannabis firm to scale up "dramatically" over the next month.

Both company's shareholders voted more than 99 per cent in favour of Canopy acquiring Acreage in a deal contingent on U.S. federal legalization of cannabis.

The U.S. cannabis company said most of its insiders, including all of its five senior executives, will extend their lockup agreements and not sell their shares following the completion of the deal with Canopy Growth.

AYR is the first recreational cannabis-focused company with an enterprise value over a billion dollars to list on NEO.

The Ontario-based cannabis company will acquire skin-care brand This Works in an all cash deal to expand its global presence and sell CBD wellness products in Europe.

The deal between Canopy Growth Corp (NYSE:CGC) (TSX:WEED) and Acreage Holdings, Inc. (CSE:ACRG.U) is contingent on the U.S. making cannabis legally federally. However, the deal could be dead in the water long before that happens.

Canopy Growth Corp (NYSE:CGC)(TSX:WEED) expands reach into Europe with a $342.9 million acquisition of medical cannabis company C3, based in Germany C3.

Acreage Holdings Inc (CSE:ACRG.U) knows that its deal with Canopy Growth Corp (NYSE:CGC)(TSX:WEED) is complicated. That's why a FAQ section has been made available on its investor relations website to help investors understand more about the transaction.

Curaleaf Holdings, Inc. (CSE:CURA)(OTCQS:CURLF) acquires Cura Partners, Inc. for CAD $1.27 billion in what's the biggest deal in the U.S. thus far involving cannabis.

Origin House Records Big $6.2 Million Loss Despite Impressive Sales Growth of Over 630%

Pot stocks are still in their early growth stages. And while sales are high, so too are expenses, which is not a good recipe for financial statements. Many companies are bleeding cash and are nowhere near profitability. However, that hasn't stopped the hype from carrying stocks to sky-high valuations and investors from getting into a frenzy about the growth prospects for the industry.

The drama between Green Growth Brands Ltd (CSE:GGB) and Aphria Inc (NYSE:APHA)(TSX:APHA) has dragged on for far too long.

Acreage Holdings Inc. (CSE:ACRG.U) is already benefiting from a deal that hasn't even gone through. Recently, we learned that Canopy Growth Corp (NYSE:CGC)(TSX:WEED) was going to acquire Acreage but that the purchase would be contingent on marijuana first being legalized federally in the U.S. While that seems like a long ways away, that doesn't mean it hasn't been yielding results for Acreage already.

There is a big bill circulating the U.S. government that could have a big impact on the cannabis industry. The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act could lead to significant opportunities in the U.S. It could help open the door to more consolidation of U.S. and Canadian operations and lead to more mergers and acquisitions. Here are five companies to watch for if the bill passes.

Aurora Cannabs Inc (TSX:ACB)(NYSE:ACB) keeps adding high-profile individuals into the fold, with a focus on growth and partnerships.

We've seen a lot of wheeling and dealing in Canada when it comes to cannabis companies, but U.S. companies are getting in on the action as well. Cresco Labs (CSE:CL)(OTCQX:CRLBF) announced in a release today that it would be purchasing Origin House (CSE:OH)(OTCQX:ORHOF) in an all-stock deal valued at CAD $1.1 billion.

Sproutly Canada, Inc. (CSE:SPR) (OTC: SRUTF) has skyrocketed this week and was forced after it announced it has been negotiating with an unnamed beverage company to develop cannabis-infused drinks.

One way Canopy Growth Corp (TSX:WEED)(NYSE:CGC) has been able to help differentiate itself and grow its brand has been by adding some big names into the mix. This week, we learned of another big name that it's going to be working with: Seth Rogen.