Cannabis news in the news plus MedMen, Wana and London
MJBizDaily sold to Emerald X New York-based events company Emerald X has acquired MJBiz for $120 million, according to MJBiz Daily.
MJBizDaily sold to Emerald X New York-based events company Emerald X has acquired MJBiz for $120 million, according to MJBiz Daily.
It’s been three years since Canada legalized adult-use cannabis, and while it’s a huge milestone, high taxes, disappointing revenues and tough restrictions have a stranglehold on Canada’s once-promising cannabis industry.
October is always a big month for cannabis: It’s the harvest season, also fondly known as “Croptober,” and the canna-conferences like MJBizCon, Benzinga Capital and MJ Unpacked are kicking off imminently.
Calgary-based cultivation company Sundial Growers is joining the cannabis consolidation movement, snapping up fellow Alberta-based retail network Inner Spirit Holdings for a cool ~$131 million, according to a press release.