Canndescent Archives

Debra BorchardtAugust 19, 2021

As the cannabis industry matures, companies are demonstrating the will to fight for patents and trademarks. Since the industry was born of one that operated mostly illegally, many companies operated with the idea that “rules are made for breaking.” That idea is being tested as entrepreneurs are losing patience with broken deals and copycat issues. […]

Debra BorchardtFebruary 4, 2021

Power REIT (NYSE: PW) has acquired a 37,000 square foot state-of-the-art greenhouse cannabis cultivation facility located in Riverside County, California through a wholly-owned subsidiary for $7.685 million. Power REIT funded the transaction using $2.685 million of cash on hand and the issuance of 192,308 shares of Power REIT’s Series A Preferred Stock, which had a […]

StaffJuly 30, 2020

Editors Note: This story was written by Jackie Bryant. Like everything else touched by COVID-19, unexpected trends and shifts have occurred in the cannabis industry. One such shift is towards consumers seeking value products, which are rising in popularity due to a reduction in work and income across many different industries as the COVID-19 crisis […]

William SumnerSeptember 10, 2019

It’s time for your Daily Hit of cannabis financial news for September 10, 2019. On the Site Canndescent Private premium cannabis company Canndescent announced that it closes on a $27.5 million in Series C Preferred Funding. Leading the investment round, Green Acre Capital, a cannabis-specific venture fund from Canada, was joined by Carnegie Arch Capital, […]

Debra BorchardtSeptember 10, 2019

Private premium cannabis company Canndescent announced that it closes on a $27.5 million in Series C Preferred Funding. Leading the investment round, Green Acre Capital, a cannabis-specific venture fund from Canada, was joined by Carnegie Arch Capital, Senterra, LLC., Altitude Investment Management, JW Asset Management and a multinational beer company from Asia. The money will be […]

William SumnerJune 18, 2019

The world of cannabis is becoming more refined. When California first legalized medical cannabis in 1996, the only way one could purchase cannabis legally was through darkly-lit dispensaries with bars on the windows that were squirreled away in industrial parks. More than two decades later, the cannabis industry has evolved to a point where its […]

William SumnerJune 13, 2019

It’s time for your Daily Hit of cannabis financial news for June 13, 2019. On the Site Cannabis’ Black Market Continues to Thrive Amidst Continued Legalization Despite legalization continuing to spread, and efforts advocating towards federal legalization of cannabis, the black market in the U.S. for cannabis continues to thrive across the nation.Simply put, despite […]

StaffFebruary 12, 2019

The First Cannabis Focused Tech Company to Move Beyond The Industry Denver, CO – February 12, 2019 – Cannaregs, Inc. the leading web-based data technology platform providing up-to-date access to comprehensive cannabis-related legal data including rules and regulations from municipal, county, state and federal sources, has just announced the completion of a $2 million capital […]

StaffFebruary 5, 2019

Americans are expected to spend a record amount on Valentine’s Day this year despite a years-long decrease in the percentage of people celebrating the holiday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “The vast majority of Valentine’s Day dollars are still spent on significant others, but there’s […]

StaffSeptember 11, 2018

Ten New Investments Since Initial March 2018 Fund Close New York – September 11, 2018 /AxisWire/ Altitude Investment Management, LLC updated the market today on its fund Altitude Investment Partners, LP’s recent cannabis industry investments. During the period of March through August 2018, Altitude invested in ten companies: six of which were add-on investments to […]

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

In other news

The Daily Hit: January 4, 2024

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Tag: Canndescent

Trademark Battles Heat Up For Cannabis Companies

Power REIT Acquires Facility Used By Canndescent

Cannabis Consumers Shopping For Bargains During Pandemic

The Daily Hit: September 10, 2019

Canndescent Raises $27.5 Million in Series C Funding

Luxury Cannabis is Not Going Away Anytime Soon

The Daily Hit: June 13, 2019

CannaRegs, Inc. Closes $2 Million Seed Round to Expand Nationally with Regs Technology

Valentine’s Day Is Great For Cannabis Consumers – They Have More Sex

Altitude Investment Management Updates Its Cannabis Fund’s Holdings with $23.8 Million in Raised Capital

The Daily Hit - TEST TEST TEST

Lykos Therapeutics Secures $100M in Series A Funding, Rebrands from MAPS PBC

Functional Mushrooms Move Into Mainstream as Wellness Trend Grows

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