Jushi Holdings replaced its first- and second-lien credit facilities with a $160 million senior secured term loan carrying a 12.5% annual interest rate and a three-year maturity. The non-dilutive financing, arranged with funds managed by FocusGrowth Asset Management, included $28 million from CEO James Cacioppo’s affiliated entity and $21 million from major shareholder Denis Arsenault as a related-party transaction approved by an independent board committee, lifting cash and equivalents to approximately $35 million.

Auxly Cannabis delivered $151.5 million in net revenue for 2025, marking a 24% year-over-year increase driven by higher sales volumes and pricing across dried flowers, pre-rolls, and vapes. The company achieved a 31% adjusted EBITDA margin and ended the year with $32.3 million in cash, planning $10–12 million in 2026 capital investments for capacity expansion, international distribution, and targeted acquisitions.

Effective April 1, Canopy Growth’s premium vaporization unit Storz & Bickel will be led by David Männer, a 14-year company veteran, succeeding co-founder Jürgen Bickel after 25 years. The transition is positioned to maintain the brand’s medical-grade device standards and support global expansion and innovation in vaporization technology.