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Nabis Diversifies Cannabis Brands With $23M Raise For Distributor Marketplace benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Share this article SEATTLE, April 30, 2021 /PRNewswire/ Headset, the leading provider of data and analytics to the cannabis industry, announced today that it has raised $1.825M led by Silverleaf Venture Partners, a private equity investment manager. Other participating investors are WGD Capital, L.P., a cannabis focused venture fund, and Poseidon, a leading investor in the legal cannabis and hemp industries. This additional funding will accelerate expansion into legal markets and support new opportunities across the growing cannabis industry. The cannabis industry continues to expand at a significant rate, with new markets legalizing faster than ever before, said Cy Scott, CEO and Co-Founder of Headset. With this new round of capital, Headset can better support these emerging markets while continuing to deliver the innovative analytics Headset is known for. ....
Cannabis stocks traded mostly in the green this week, as we got into earnings season. “While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania ,” Debra Borchardt, editor-in-chief of Green Market Report, told Benzinga. “The state reported that in one year it had sold over $900 million in medical marijuana. This demonstrates the demand for cannabis in this state and bodes well for any future adult-use legalization. This is also a big number when one considers that the program has only just gotten underway.” ....