Nick Thomas - Niche Editor
EMAIL: [email protected]
PHONE: 720.213.5824

Nick Thomas

Nick has an extensive journalism background, having worked in a variety of media and industries including as a reporter on the UK utilities sector for Bloomberg in London. He was also an early employee for successful digital M&A company Mergermarket where he served as the Content Editor. Originally from the UK, he has a BA in modern languages from the University of Wales (Bangor) and an MA in international studies from the University of Denver.


Investors target distressed cannabis companies for new opportunities

Could it be a win-win deal? An increasing number of investors – including mainstream investment banks new to cannabis – have begun seeking out cash-strapped marijuana companies with the aim of pumping money into them to provide a financial lifeline. The investments offer the distressed companies a chance to get back up on their feet. […]

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Cannabis ETFs post steep declines in line with marijuana stocks, but longer-term prospects appear bright

Cannabis-focused exchange-traded funds have emerged over the past few years in the United States, Canada and now Europe, but their recent sharp declines have mirrored tumbling marijuana stocks and made it tougher for some ETF operators to attract investors. But the longer-term outlook for ETFs –?where baskets of marijuana securities are traded as one stock […]

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NY-based cannabis firm iAnthus takes group to court in Canada

Vertically integrated multistate marijuana operator iAnthus Capital Holdings is taking legal action against an international investor group that claimed the New York company has defaulted on a $25 million convertible debt deal. The legal action, filed in a court in Ontario, Canada, centers around claims that iAnthus has not kept to the terms of a […]

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Canadian cannabis firm Canopy sees stock soar on revenue growth

Canadian marijuana giant Canopy Growth on Friday reported?fiscal third-quarter net revenue?that soared 62% from the second quarter, jumped 49% from its third quarter in 2019 and drove up its stock by double-digit figures. The Ontario-based company, which has an estimated 22% share of the Canadian recreational marijuana market, reported revenues of 123.8 million Canadian dollars […]

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Large US cannabis companies look to debt funding versus equity and sale-leaseback deals

Big marijuana companies in the United States increasingly are turning to debt as a funding tool, spurred by falling cannabis stock prices and terms that are more attractive than those for real estate sale-leaseback deals. Multistate operators Curaleaf, headquartered in Massachusetts, and Cresco Labs, based in Chicago, have led the way by announcing debt raises […]

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Acreage secures $100 million in debt to fund marijuana growth

Acreage Holdings, a New York-based multistate operator, on Friday said it had?secured a credit facility of up to $100 million with an institutional lender. In addition, the company has agreed to a separate $50 million loan as collateral to the credit facility. Part of that $50 million is funded by Acreage CEO Kevin Murphy. The […]

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Some struggling US cannabis companies may look to Canada for possible bankruptcy protection

With capital constraints a growing factor in the marijuana industry, U.S. cannabis companies facing financial pressure?are increasingly eyeing Canadian bankruptcy protection as a possible solution to their problems. “It’s a growing trend,” said Zachary Kobrin,?special counsel of government affairs at Fort Lauderdale, Florida-based Akerman. “We started seeing the tea leaves a few months ago and […]

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Which California city might show the way forward for cannabis social equity in the state?

Some marijuana industry watchers are keeping a close eye on Sacramento, California, as a possible example that other municipalities in the state could follow as they look to expand or develop new social equity plans. California cities, including Sacramento, have struggled to fulfill the ideals behind social equity even?as marijuana businesses in the state also […]

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Cresco Labs secures up to $200M in debt for marijuana operations

Cresco Labs, a multistate cannabis operator based in Chicago, said it has secured up to $200 million in debt funding from a syndicate of lenders. The money is earmarked to: Expand operations in Illinois, where it’s based. Finance pending acquisitions Fund other growth initiatives. The company expects to draw down up to an initial $100 […]

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Illinois social equity cannabis applicants laud licensing help from consultants, technology

Many marijuana industry watchers tout the social equity program in Illinois?as one of the most far-reaching and likely to succeed in the U.S. cannabis sector. However, experts also note that for all the Illinois program’s positive intent, it is still a sometimes prohibitively expensive and burdensome undertaking for any social equity applicant. With associated expenses […]

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Some marijuana firms turn to small investor opportunities in tight funding climate

Cannabis companies in the United States currently face a tough environment in terms of raising money. However, as an example of how marijuana businesses are looking to address this funding challenge, one California producer is turning to mom-and-pop investors as opposed to venture capital. Goldenseed, a privately owned Santa Cruz-based cultivator and processor, said it […]

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