Tag: cannabis debt financing

Cannect Wellness is latest example of cannabis companies avoiding debt

Illinois craft marijuana producer Cannect Wellness raised $7 million in its second equity funding round, executives told MJBizDaily. According to finance experts, capital raises in the cannabis sector have been slow over the past year, due, in part, to the expense of debt financing. Cannect Wellness’ latest funding round brings the company’s total equity financing […]

Fed rate cut could be crucial as cannabis debt maturity looms

(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Anthony Coniglio (Courtesy photo) The Federal Reserve’s recent decision to lower interest rates by 50 basis points has reverberated through financial markets, prompting a careful analysis of its implications across all industries. Investors in the battered marijuana industry have […]