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Tinley’s intends to use the net proceeds from the private placement to fund its ongoing business initiatives and for general corporate and working capital purposes.
The proceeds from this financing round will bolster the expansion of Petalfast’s sales team and retail engagement services into additional adult-use cannabis markets.
Canopy Growth said private placement offering proceeds will be used to pay down debt, as well as for working capital and other general corporate purposes.
The bill, which extends farm programs and food assistance, gives lawmakers until Sept. 30, 2024 to develop new legislation that hemp industry members hope address several concerns.
The funds will be used to build out 4Front’s retail operations in Illinois, in connection with the upcoming launch of its cultivation and processing facility in Matteson.
Diesel Beverages, in partnership with Wefunder, has launched an equity crowdfunding campaign with the goal of expanding distribution of its cannabis terpene-infused beverages.