Tag: private placement

Canadian cannabis operator Entourage inks deal to go private

Canadian cannabis company Entourage Health Corp. plans to go private in a deal with its primary investor and lender, a major pension fund. According to a purchasing agreement with 1001007762 Ontario Inc., the affiliate of LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) will acquire all of Entourage’s issued and outstanding common shares for 0.005 […]

Marijuana MSO Vireo Growth raises $81M in oversubscribed funding round

Cannabis multistate operator Vireo Growth raised $6 million more than it hoped for in a private placement offering that closed Dec. 30. The Minneapolis-based company initially planned a $75 million equity raise but instead raised about $81 million, according to a news release. Vireo plans to use net proceeds from the offering for business development […]