|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.09 - 9.73|
|52 Week Range||7.37 - 18.32|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.89|
(Bloomberg) -- The Green Organic Dutchman Holdings Ltd. is looking at alternative means to fund the medical cannabis firm’s construction projects after unsuccessful discussions for commercial bank facilities and equipment leasing.The company is “exploring non-bank debt financing alternatives such as issuing bonds or raising private loans,” Green Organic spokesman Sebastien Bouchard wrote in an email.The Toronto-based medical cannabis firm said it’s reviewing funding options in order to complete building its facilities in Ancaster, Ontario and Valleyfield, Quebec, according to a statement. Green Organic said it “may revise the construction schedule” for the projects if it’s unable to secure sufficient financing on reasonable terms within a required time frame.Green Organic says it has no debt and $56.7 million in cash available in Canada, including $40.2 million in restricted cash marked for capital expenditures. The stock fell as much as 24% on Wednesday to C$1.31, a record low. It has now lost three-quarters of its value since its recent high on March 19.Credit financing for pot companies remains relatively rare as most firms are in the process of reaching positive margins out of their core businesses. Still, Canada-listed Trulieve Cannabis Corp. raised $70 million via the first pot bond with a publicly-available prospectus earlier this year while in May, Green Thumb Industries Inc. issued $105 million of senior secured notes in a self-brokered deal.Instead of debt financing, cannabis companies have been offering equity and convertible securities as preferred channels to finance their investment plans. Nonetheless, the industry’s stocks have under performed recently, making issuance more challenging.(Adds stock price decline in fourth paragraph.)\--With assistance from Paula Sambo and Kristine Owram.To contact the reporter on this story: Esteban Duarte in Toronto at email@example.comTo contact the editors responsible for this story: Nikolaj Gammeltoft at firstname.lastname@example.org, Allan LopezFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CHICAGO and VANCOUVER, British Columbia, Oct. 03, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.
CHICAGO and VANCOUVER, British Columbia, Oct. 01, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.
Last week, ending on September 27, the cannabis sector was weighed down by the bears. Sector ETFs broadly ended the week in negative territory.
On Monday, Curaleaf (CURA) (CURLF) became the first company to launch medical cannabis flower products in New York. The state offers growth opportunities.
The State Medical Board of Ohio refused to include anxiety disorders and autism in Ohio’s Medical Marijuana Control Program. Will the market suffer?
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open Rise Hermitage, the seventh Rise™ retail location in Pennsylvania, on September 19. Rise Hermitage will host an open house for the community on September 16 from 4 p.m. to 7 p.m. The open house will be held before cannabis products are on site so all are welcome to attend and meet the Rise™ team, including the General Manager and Pennsylvania Market President. “We’re honored to open the seventh Rise™ store in Pennsylvania and to be the first to provide cannabis to people throughout Mercer County,” said GTI Founder and Chief Executive Officer Ben Kovler.
Closed previously announced acquisition of Integral Associates to scale distribution of brand portfolio to Nevada and California Retail expansion accelerates with the opening of.
Green Thumb Industries (GTI) (GTII) (GTII), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced its Illinois Social Equity License Application Assistance Program (LEAP), which will help educate applicants about the adult use cannabis business application process and prepare them to apply for the available categories of licenses. “At GTI, we believe it is part of our corporate responsibility to help reduce barriers to cannabis business ownership for minorities and others most impacted by the war on drugs,” says GTI Senior Vice President of Government and Regulatory Affairs Dina Rollman.
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF) today announced it has closed on a transaction to acquire New York-based Fiorello Pharmaceuticals, one of only 10 companies approved to operate a medical marijuana company in the state. Assets include a manufacturing and cultivation facility in Schenectady County and a retail store in each of the following locations: Manhattan, Rochester, Halfmoon and Nassau County, three of which are open.
Green Thumb Industries Inc. (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, announced that it has been awarded a cultivation license by the Ohio Department of Commerce following an appeal. The cultivation operation will be located in Toledo as part of a processing and manufacturing facility that will also produce GTI’s branded product portfolio. “We are grateful the Ohio Department of Commerce has awarded GTI the cultivation license we applied for in 2017 based on exemplary scores and look forward to further serving the people of Ohio as they seek relief with medical cannabis,” said GTI Founder and Chief Executive Officer Ben Kovler.
Green Thumb Industries (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of the retail stores Rise™ and Essence, announces it will open its fifth retail location in Florida, Rise Hallandale Beach, on August 13, 2019. It is GTI’s 28th retail location in the country and the first cannabis store in Hallandale Beach. Rise™ opened its Oviedo location last month and opened Rise Deerfield Beach, Pinellas Park and Bonita Springs earlier this year.
California may lead in total marijuana sales, but this state could blow it out of the water in terms of spending per capita.
Green Thumb Industries (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer goods company and owner of Rise™ and Essence retail stores, announced it will open its 27th location, Rise Cleveland, on August 1. This is the third Rise™ store in Ohio and the city’s first cannabis retail store. Rise Cleveland is in downtown Cleveland near Progressive Field and Rocket Mortgage FieldHouse.
CHICAGO and VANCOUVER, British Columbia, July 29, 2019 -- Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods.
Green Thumb Industries (GTI) (CSE:GTII) (GTBIF), a leading national cannabis consumer packaged goods company and owner of Essence and Rise™ retail stores, today announced that it is one of only three companies to be awarded a new retail license by Culver City, located in Los Angeles County, California. “We are honored to be awarded a retail license by Culver City and to reach more people with our quality products and excellent customer care,” said GTI President Armen Yemenidjian.
California continues to dominate as the largest legal cannabis market in the world. As new jurisdictions ...