The board of directors for Agrify Corp. (Nasdaq: AGFY) approved a $20 million convertible secured note, of which $10 million will be drawn upon at closing, from a wholly-owned subsidiary of Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF). Before this financing, the Green Thumb subsidiary acquired an ownership stake in Agrify through the purchase […]
Brand collaborations are nothing new to mainstream brands. Doritos married up with Taco Bell, Kanye West and Nike created Yeezy’s, and Target turned its fashion designer collabs into huge marketing events. Now it looks like cannabis collabs could become a thing, as Urban Outfitters and Magnolia Bakery jump into the game. Urban Outfitters Urban Outfitters, […]
There is a tsunami of debt headed straight for the cannabis industry. When capital dried up a few years ago, many publicly traded cannabis companies turned to debt for needed funding. Now, roughly $1.83 billion of that debt is set to come due by 2026. Facing the wave There’s no way to know exactly how […]
