Ben Stevens, Author at Cannabis Business Executive - Cannabis and Marijuana industry news

UK Cannabis Firm Akanda’s US Listing Sees Value Skyrocket As It Unveils Plans To ‘Put Capital To Work’

AKANDA Corp has become the latest British cannabis company to go public after it launched on the NASDAQ Stock Exchange this week, seeing its stock soar some 350% above its listing price. The young ‘seed to patient’ medical cannabis operator,…

One Year After The First Cannabis Stocks Joined The LSE, Could We See A Fresh Run Of Cannabis IPOs This Year?

FEBRUARY 2022 marked the one-year anniversary of MGC Pharmaceuticals IPO on the London Stock Exchange (LSE), which saw cannabis stocks traded on the platform for the first time in its 320-year history. The event marked a significant step forward for…

Intercure Makes $35m Acquisition As It Continues International Expansion

Israel’s largest licensed cannabis producer Intercure has announced plans to acquire medical cannabis operator Better for $35m, sending its share prices spiking over 5% for the second time in a week. Intercure has signed a definitive agreement with Cann Pharmaceutical,…

Reflections Across the Pond: Banking Blues for UK Cannabis industry

Banks, insurance companies and payment providers are refusing to work with cannabis-related companies throughout the UK, hampering the growth of the industry and leaving many in financial limbo. BusinessCann recently reported that Metro Bank, previously thought to be one of…

‘Thrifty’ Clever Leaves Looks To Bolster Its European Ambitions

January 20, 2022
Ben Stevens
EMEA
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CLEVER Leaves, a multinational global cannabis producer, has been granted a licence to more than double its cultivation facility in Portugal as it looks to Europe to help boost revenues after a difficult debut year as a listed company. In…

Industry Rocked As Leading UK Bank Shuts Its Doors To Cannabis Businesses

January 11, 2022
Ben Stevens
Banking, Finance & Real Estate, United Kingdom
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METRO Bank, one of the few institutions in the UK open to working with cannabis-related companies, is now closing its doors to the sector. The bank, which became the first high street bank in over 100 years to open in…

Cannabis-Cautious Financial Regulators Delay UK Cultivator’s London Stock Exchange Plans

HELLENIC Dynamics, set to become the first ever cannabis cultivation company to list on the London Stock Exchange (LSE), is now planning to launch its IPO later this month. The Greek cultivator announced its intention to list on the Standard…

Cookies Stores To Open On UK And Continental High Streets In Coming Weeks

INTERCURE, which calls itself the ‘most profitable and fastest growing’ cannabis company outside of North America, is poised to open a number of cannabis shops on UK high streets. The Israeli firm has set its sights on London as it…