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Cannabis News – Oregon's First Dispensary Fraud Investigation And More!

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On this episode:

The Oregon Department of Consumer and Business Services ordered Tisha Siler, owner of Cannacea Dispensary, to pay $40,000 dollars in fines for investment fraud and selling securities without a license. It turns out Siler knew all about the fake letter claiming that state regulators personally invited her to open dispensaries. She has 20 days to appeal the order to an administrative judge.

Aurora will acquire all the issued and outstanding shares of CanvasRX in consideration for payments up to a $37 million dollars. This financing and acquisition provides the company with the capital and the partner to continue to responsibly expand their position in the cannabis sector. The company intends to use the net proceeds to fund a major expansions of Aurora’s production facility.

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Supreme Pharmaceuticals announced that it has closed a $4 million dollar mortgage deal. The mortgage is for one year, 12 percent fixed-rate, interest only facility. The company’s flagship facility is a 342,000 square foot hybrid greenhouse located in Kincardine, Ontario.

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