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Australis Capital (AUSAF), Canopy Growth Corp (CGC), CHOOM HLDGS INC by Choom Hldgs Inc (CHOOF), Fire & Flower Holdings (FFLWF), IMC MORTGAGE CO (IMCC), MARIMED INC by MariMed Inc (MRMD), Nextleaf Solutions (OILFF), S&P Dep Receipts (SPY), TERRA TECH CORP (TRTC) - The Week In Cannabis: ETFs Are Down, Virginia Legalizes, Houseplant Hits The US, Big Retail Makes Moves

The The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS): dropped 6.3%. The The The SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.9%, after recovering from Thursday s losses on Friday afternoon. One move that pretty much flew under the radar: Alimentation Couche-Tard Inc., owner of Circle K, boosted its stake in Canadian cannabis company Fire & Flower Holdings Corp.  (OTCQX:FFLWF), converting roughly $52 million it held in debt to equity. Following the transaction, the retail giant will own 19.9% of Fire & Flower. “I think the move by Alimentation Couche Tard doesn t get nearly the amount of attention it should,” Green Market Report Editor-in-Chief Debra Borchardt told Benzinga. “Seeing a bigger move in the convenience store space towards cannabis should be unsettling to most cannabis companies,” she warned, wondering if smaller producers will eventually be relegated to craft cannabis, as “the volume players become the Budweisers and Miller beer versions of ca

Justin Dye | Benzinga

Medicine Man Technologies Inc (OTC: MDCL) announced that Dye Capital & Company is increasing its investment in the company from $14 million to $21 million. Justin Dye, Dye Capital Management Partner, is stepping up to serve as Medicine Man Technologies Chairman of the Board. Dye was a. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:

Schwazze Raises $34M To Support Purchase Of Star Buds Stores

The Colorado company completed the latest tranche of preferred equity, bringing its total raise to $56 million. CRW Capital Cann Holding LLC, an affiliate of Dye Capital, led the latest investment round alongside other investors.   Schwazze managed to collect $71 million in financing since December, including the latest round. Under the private placement, the company issued and sold a total of around 56,000 Series A Cumulative Convertible Preferred shares with a price of $1,000 per share. The securities were presented by DelMorgan Group LLC and the Benchmark Company LLC. Schwazze also completed a debt financing of $15 million, out of which $5 million will be funded as part of an undisclosed purchase.

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