The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A Benzinga 12/18/2020
Aphria (NASDAQ: APHA) and
Tilray (NASDAQ: TLRY). Benzinga spoke with Aphria CEO and chairman
Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO
Brendan Kennedy, who will serve in the new corporation’s board of directors. The executives shared details on how the deal came to be, and their expectations for the future, which, they say, doesn’t include massive layoffs.
Cantor Fitzgerald’s analyst Pablo Zuanic praised the merger. The Canadian cannabis sector is in need of consolidation due to the oversupply problems and “historically low ï¬ower retail prices,” he explained.
Gage Cannabis Announces US$20 Million Reg A+ Commitment from JW Asset Management
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DETROIT, Dec. 16, 2020 /PRNewswire/ Gage Cannabis Co. ( Gage or the Company ), the leading high-quality craft cannabis brand and operator in Michigan, today announced it has secured a minimum investment of US$20 million from funds advised by JW Asset Management, LLC ( JWAM ) as part of the Company s Regulation A, Tier 2, equity financing (the Offering ).
JW Asset Management s investment will provide Gage with resources to accelerate the expansion of its retail and cultivation footprint, pursue accretive acquisitions, and help position and solidify Gage as the leading cannabis operator in the state of Michigan. JWAM has been an active investor in the cannabis sector since 2014, investing in many of the industry leaders, including TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF), where Jason Wild s strategic involvement and support has been inst
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December 16, 2020 at 8:31 am Published by NCV Newswire
Gage Cannabis Announces US$20 Million Reg A+ Commitment from JW Asset Management
DETROIT, Dec. 16, 2020 /PRNewswire/ Gage Cannabis Co. (“Gage” or the “Company”), the leading high-quality craft cannabis brand and operator in Michigan, today announced it has secured a minimum investment of US$20 million from funds advised by JW Asset Management, LLC (“JWAM”) as part of the Company’s Regulation A, Tier 2, equity financing (the “Offering”).
JW Asset Management’s investment will provide Gage with resources to accelerate the expansion of its retail and cultivation footprint, pursue accretive acquisitions, and help position and solidify Gage as the leading cannabis operator in the state of Michigan. JWAM has been an active investor in the cannabis sector since 2014, investing in many of the industry leaders, including TerrAscend Corp., where Jason Wild’s strategic involvement and support