Pot Capital Crunch Shows Signs Of Easing With Big Deals

Law360 (August 21, 2020, 10:25 PM EDT) -- A pair of cannabis companies on Friday announced they will net a total of $31.5 million between them from fresh stock offering deals, in what attorneys say is the latest sign that a chill in capital markets across the sector could be easing.

Cannabis cultivator and dispensary operator Red White and Bloom Brands Inc. said underwriters led by PI Financial Corp. and Eight Capital had agreed to bump the size of their stock purchase to a total of nearly $16.5 million, a transaction expected to close next month.

Las Vegas dispensary operator Planet 13 Holdings Inc., meanwhile, said underwriters led by...

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