Special purpose acquisition company Glass House Group for $567 million.
The deal implies a $1.024-billion equity valuation and an approximate enterprise valuation of $691 million.
Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX:CURLF) purchased European operator EMMAC Life Sciences. The U.S.-based company agreed to pay $50 million in cash and 17.5 million in stock worth roughly $260 million.
In addition, Curaleaf teamed up with an institutional investor to secure $130 million in financing for further expansion of Curaleaf International.
Meanwhile,
Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced it will buy
The Supreme Cannabis Company, Inc. (TSX:FIRE) (OTCQX:SPRWF) for about CA$435 million ($345.7 million).
Is Texas Ready To Legalize Marijuana In 2021?
In a recent report, Texas has taken action in creating a bill that would decriminalize marijuana possession in the state. As well there would be an additional proposal to lessen the punishment for possessing cannabis concentrates. Both of these proposals came out of the key House committee this past week. This news is the most current advancements that have happened. Which has come after a week where state lawmakers in Texas have thought about various forms of cannabis reform bills.
However notably the most important piece of marijuana legislation to move out of committee would allow for the possession of 28 grams or an ounce of cannabis to be a class C misdemeanor. This would carry a thin line but no severe worry of going to jail. Yet the entire House of Representatives passed a cannabis decriminalization bill in 2019. However, at the time it did not advance in the Senate that session. As of now, the House Criminal Jurisprudence Commit