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Cannara Announces Grant of Options and RSUs
Globenewswire· 2025-09-01 11:00
Group 1 - Cannara Biotech Inc. has approved the grant of incentive awards under its stock option plan and restricted share unit compensation plan [1][2] - The awards were granted in alignment with the completion of the Company's fiscal year-end on August 31, 2025, marking five consecutive years of commercial operations and year-over-year revenue growth [2] - The Company has granted 3,625,000 stock options to certain employees, each exercisable into one common share at an exercise price of $1.44 per share, vesting over three years [5] Group 2 - Cannara operates two mega facilities in Québec, covering over 1,650,000 sq. ft., with a potential annualized cultivation output of 100,000 kg [4] - The Company leverages Québec's low electricity costs to produce premium-grade cannabis products at affordable prices [4] - 145,000 restricted share units (RSUs) were granted to members of the board of directors, vesting in full on the second anniversary of the grant date [5]
If You'd Invested $1,000 in CRLBF 5 Years Ago, Here's How Much You'd Have Today
The Motley Fool· 2025-08-30 11:34
Group 1 - The cannabis industry, including multi-state operator Cresco Labs, is facing significant challenges such as black- and gray-market competition, limited access to financial services, and high taxation [1][2] - Cresco Labs' stock performance has been poor, with a $1,000 investment in the stock shrinking to approximately $200 over the past five years, while the S&P 500 index would have grown to $1,878 in the same period [2] - The legal status of cannabis in the U.S. is complicated, with federal illegality contrasted by varying state laws, leading to a patchwork of legalization across the country [4] Group 2 - There is ongoing lobbying for federal rescheduling of marijuana, but it is not a priority for lawmakers, leaving companies like Cresco in a survival mode [5] - Cresco Labs is experiencing declining revenue and ongoing challenges with profitability, although it has recently refinanced a $325 million credit facility and holds $147 million in cash and equivalents [6]
AYR Wellness Executes Senior Secured Bridge Credit Agreement
Globenewswire· 2025-08-29 20:30
Core Points - AYR Wellness Inc. has executed a definitive senior secured bridge term loan agreement providing up to US$50 million in funding to support ongoing operations and facilitate a restructuring plan [1][3] - The Bridge Credit Agreement involves multiple draws and is secured by all present and future acquired assets of the Borrower and Guarantors, ranking pari passu with existing senior secured notes [5][6] - The loans under the Bridge Facility bear an interest rate of 14.0% per annum, with specific maturity dates for Tranche A and Tranche B loans [6][10] Financial Structure - The Bridge Facility consists of Initial Term Loans (Tranche A and Tranche B) and Delayed Draw Term Loans, with proceeds allocated for working capital, corporate purposes, and restructuring costs [4][3] - A commitment premium, exit premium, and backstop premium are included in the Bridge Facility, all payable in kind and potentially convertible to equity [7] Covenants and Conditions - The Bridge Credit Agreement includes affirmative and negative covenants, such as maintaining cannabis licenses and restrictions on additional indebtedness, with a minimum liquidity covenant of US$17.5 million [8] - Events of default include payment defaults, covenant breaches, and failure to meet restructuring milestones [9] Company Overview - AYR Wellness is a vertically integrated U.S. multi-state cannabis operator with over 90 licensed retail locations across several states, offering a broad portfolio of cannabis products [12]
X @Forbes
Forbes· 2025-08-29 20:21
Company Overview - Cheech & Chong, known for stoner comedy, have established a company in the cannabis industry [1] - The company sells THC-infused edibles, drinks, and cannabis [1] Financial Performance - The company's products generate significant revenue ("serious green") [1]
X @Bloomberg
Bloomberg· 2025-08-29 18:52
Troubled Cannabis Operator Schwazze Nears Debt Restructuring https://t.co/1y6DpHBitz ...
Blum Holdings Inc. Releases First Half 2025 Executive Summary
Globenewswire· 2025-08-29 12:00
Core Insights - Blüm Holdings, Inc. has completed its turnaround phase and is entering a new growth chapter, focusing on sustainable growth and long-term value creation through restructuring and strategic initiatives [1] Company Overview - Blüm Holdings is a leader in the cannabis sector, operating dispensaries throughout California and owning several brands, including Korova, known for high potency products [2] Financial and Operational Highlights - The "First Half 2025 Executive Summary" includes detailed financial highlights and operational updates, showcasing the company's transformation and positioning for future growth [1]