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Cannex Capital raises $42.5 mln from Gotham Green Partners

Cannex Capital Holdings Inc, a Vancouver-based cannabis business, has secured about $42.5 million (US$32 million) in convertible notes financing. The investor was Gotham Green Partners, a U.S. cannabis private equity firm. The deal’s proceeds will be used by Cannex primarily to support its strategy of acquiring and developing assets in legal medical and recreational cannabis markets in the …

Cannabis Investments Nearly Quadrupled in 2018

This year has been a turning point in the maturing marijuana market. Cannabis-related companies raised nearly $13.8 billion so far this year, compared to just $3.5 billion in 2017, according to data from Viridian Capital Advisors, a financial and strategic advisory firm for the cannabis industry. The spike in capital flowing into marijuana businesses in …