Inexperienced economic system | Hashish Trade Monetary Information January 29, 2021

Agrify Corporation announces pricing for an initial public offering of $ 54 million

Hardware and software developer Agrify Corporation (NasdaqCM: AGFY) announced pricing for the initial public offering of 5,400,000 shares of common stock at a price of $ 10 per share. The stock was traded on the Nasdaq this week.

Maxim Group LLC and Roth Capital Partners are acting as joint book-running managers for the offering.

Agrify has granted subscribers a 45-day option to purchase up to 810,000 additional common shares to cover any over-allotments. The offering is expected to close on February 1, 2021 subject to customary closing conditions.

Agrify President Raymond Nobu Chang in front of the billboard in Times Square at the start of AGFY on Nasdaq. (Image:

Jushi Holdings Inc. to acquire remaining stake in Agape Total Health Care Inc.

Integrated vertically MSO Jushi Holdings (CSE: JUSH) (OTCMKTS: JUSHF) has completed the acquisition of the remaining 20 percent stake in the Pennsylvania Dispensary Committee Agape Total Health Care Inc.

“We are very pleased to announce that we now own 100 percent of the equity of our retail and producer subsidiaries in Pennsylvania,” said Jushi, chief executive officer Jim Cacioppo. “The fast growing cannabis market in Pennsylvania is a strategic focus for Jushi, and the company has always aimed to cement its ownership positions. Through our trademark Beyond / HelloWe’ve built a reliable, replicable model for high quality retail experiences based on deep consumer insights. With our strong track record, we are committed to expanding our presence in each of the markets we serve and look forward to continuing to deliver a great customer experience to our patients and consumers. “

Aurora Cannabis Inc. completes previously announced public offering for purchased businesses

Canadian cannabis company Aurora cannabis (NYSE: ACB) (TSX: ACB) has completed its previously announced public offer to purchase shares in the company for total gross proceeds of $ 137,940,000. The company sold 13,200,000 units at $ 10.45 per unit. Each unit consists of one common share of the company and one half of a warrant to purchase common stock of the company.

BMO Capital Markets and ATB Capital Markets acted as bookrunners for the offer.

Pure Extracts Technologies Corp. announces DTC eligibility of its common stock in the United States

Canadian extraction company Pure extracts (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ) announced that its common stock is now eligible for electronic clearing and settlement by The Depository Trust Company (DTC) in the United States. The company’s common stock continues to trade on the Canadian Stock Exchange and the Frankfurt Stock Exchange.

“The DTC eligibility is an important step forward in increasing liquidity, expanding our shareholder base and building a strong presence for our company in the US capital markets,” said Pure Extracts, chief executive officer Ben Nikolaevsky. “This is an important step in making our story accessible to a wider audience.”

Australis Capital Inc. announces the contract for the Australian cannabis cultivation facility

Australis capital (CSE: AUSA) (OTC: AUSAF) announced that ALPS – a company currently being acquired by AUSA – has signed an updated agreement Cann Group Limited to confirm the delivery of end-to-end design, construction and (post) commissioning services for Cann’s planned 363,000 m² high-tech greenhouse in Victoria, Australia.

Juva Life Inc. advises on DTC eligibility

California-based life science company Juva life (CSE: JUVA) (OTCQB: JUVAF) (FRANKFURT: 4VV) announced that the electronic settlement of its shares traded by OTCQB in the US has received approval from the Depository Trust Company (DTC) in New York and is now DTC eligible .

“We are extremely pleased to have received DTC authorization to facilitate trading of our common stock for US investors and brokerage firms,” ​​said Juva Life, chief executive officer Doug Chloupek. “This will greatly simplify trading in the company’s common stock in the US OTC market, allowing for faster execution and improved liquidity, thereby expanding our investor base.”

Ayr Strategies Inc. enters into a definitive merger agreement with Blue Camo, LLC

Vertically integrated MSO following the previously announced letter of intent Ayr strategies (CSE: AYR.A, OTCQX: AYRWF) signed a definitive agreement to acquire 100 percent of the membership of the Arizona-based company Blue Camo, LLC.

“Arizona has been an excellent medical market, ranks third in the US for patient penetration at over 3.8 percent and currently has annual sales of approximately $ 1 billion,” said Ayr, chief executive officer Jonathan Sandelman. “Last week, the Arizona Department of Health started approving applications for adult sales. Approximately 90 locations have been approved to date, including the three Oasis brand pharmacies that we will acquire. Oasis’ adult sales began Monday, January 25th, to a large crowd of enthusiastic customers waiting to see firsthand the end of the Arizona cannabis ban. We are delighted that the state will act quickly to make safe, tested and regulated cannabis available for adults after receiving overwhelming support at the ballot box in November. We look forward to working with regulators and the team of 110+ people in Arizona to ensure a successful rollout of recreational selling in Arizona. “

Gage Growth Corp. Announces final completion of the oversubscribed Regulation A + Equity Financing

Michigan Craft Cannabis Brand Fee announced the final completion of its Regulation A Tier 2 equity financing. In total, Gage has issued 28,571,400 subordinated voting shares for gross proceeds of $ 50,000,000, the maximum amount that is eligible under the company’s offering circular. The company is also tracking a potential stock exchange transaction that is expected to close in the first quarter of 2021.

“We are humble and excited about the great interest and demand from investors we have received for our oversubscribed Reg A funding,” said Gage President Fabian Monaco. “Michigan is one of the fastest growing cannabis markets in the US, and Gage has a solid track record to continue building our market share as the leading operator with the best brands in the state. This is a great first step on our journey to becoming a publicly traded company. We look forward to further increasing long-term shareholder value. “

Ionic Brands Corp. Announces Agreement With Holders Of Convertible Bonds

Regional MSO in the Pacific Northwest Ionic brands (CSE: IONC) (OTC PINK: IONKF) (FRA: 1B3) have a non-binding application letter with certain holders of collateralized convertible bonds maturing May 16, 2022 for a planned exchange of 90 percent or approximately CAD 16.2 million the outstanding nominal amount of the Secured Notes for Preferred Stock. The proposed exchange accounts for approximately 72 percent of Ionic’s total debt.

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