Cannabis Capital Continues To Bloom, With Ytd Total More Than Fives Times Larger Than a Year Ago

The data below, provided by Viridian Capital Advisors, is for the weeks ended Nov. 9 and  Nov. 16.

Among this week’s top highlights: Through Nov. 16, cannabis companies across North America have raised $13.1 billion. That’s more than five times the amount raised during the same period in 2017.

Capital raise takeaways from the past two weeks:

Kentucky-based hemp cultivator and processor GenCanna closed a $30 million investment from MariMed of Massachusetts (OTC: MRMD). The deal underscores the “continued interest in hemp and CBD markets” as optimism and “legal clarity” grow over the expected passage of the U.S. Farm Bill.

Green Growth Brands completed an equity raise of 55 million Canadian dollars ($41.3 million), including a CA$30.5 million private placement. The Ohio company is led by Peter Horvath, a former executive at Victoria’s Secret, American Eagle Outfitters and Limited Brands.

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