North American cannabis company TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) announced on Friday that together with certain entities that are consolidated by the company, it has closed on a senior secured term loan for gross proceeds of $140 million from funds managed by FocusGrowth Asset Management, LP. The loan includes an initial draw of $114 million in gross proceeds by certain of the company's consolidated entities in Pennsylvania, Maryland and California, with a second draw of $26 million in gross proceeds expected in September 2024 by the company's consolidated entities in Michigan. The loan carries an interest rate of 12.75%, maturing in August 2028, while containing no prepayment penalties, and is guaranteed by the company and TerrAscend USA, Inc. No warrants were issued as part of the loan.

Jones Soda Co. ( CSE: JSDA) (OTCQB: JSDA) has closed the second tranche of its previously announced private placement offering of its units for aggregate gross proceeds of $640,000. The Seattle-based company closed the first tranche of a previously announced private placement offering of its units for aggregate gross proceeds of $3,013,960 on Monday. Jones Soda plans to use the funds to support growth and for general corporate purposes

Verano acquires The Cannabist Co.'s Virginia and Arizona operations, expanding its cannabis footprint to 14 states with 150 dispensaries.

Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) announced on Monday that it has closed the first tranche of its previously announced private placement offering of its units, for aggregate gross proceeds of $3,013,960. The offering is composed of one common share in the capital of the company and one‐half of one detachable share purchase warrant. The weed-infused innovator first announced a private placement of up to 7,500,000 units for 40 cents per unit, for a total gross proceeds of $3 million earlier in July, only to increase the size of its private placement shortly after. According to a July 11 press release, Jones Soda said it will issue up to 10,000,000 units of the company for $0.40 per unit, for aggregate gross proceeds of $4 million.

Cannas Capital Holdings launches the AI-powered Bank Black Initiative to ensure equitable financial access for minority business owners.

LeafLink acquires Dama Financial's banking division to enhance cannabis industry financial services, addressing long-standing access issues.

Nutri Co secures a $2M investment from Terraflos to boost global expansion and develop innovative cannabis-based foods.