Daily Cannabis News Roundup | February 15, 2019

HighLights

News Wire
Aphria Inc. ("Aphria" or the "Company") (TSX: APHA andNYSE: APHA) today announced that its Board of Directors (the "Board") has accepted and considered the report of the special committee of independent directors (the "Special Committee"), which reviewed the allegations made against the Company in respect of the Company's previously completed acquisition of LATAM Holdings Inc...

Bloomberg
Trichome Financial Corp., a company led by Goldman Sachs Group Inc. alumnus Michael Ruscetta, is readying a C$100 million ($75 million) war chest to dive into the business of debt financing for cannabis companies..

Boston Globe
The first marijuana hearing of the 116th Congress kicked off on Wednesday. A House financial subcommittee asked witnesses about how banking access can improve public safety, how operating on a cash-only basis inhibits transparency...

Pot Network
The Mexican Congress reconvened on February 1, and on the forefront of the agenda for the leading party, Morena was marijuana legalization. The National Regeneration Movement or, Morena, a party that had never run for office before, won the Mexican general election in July 2018...

(otcpk:BCCI) -- Baristas kicks off its NASCAR promotion today at Daytona Speedway making history as the first company to advertise a CBD product or company at a NASCAR race...

Stocks

The Morning Blunt
Thursday was a mixed day for US and Canadian cannabis stocks with most companies largely on the decline. According to the CBC, shareholders have implicated Aphria in two class-action lawsuits due to inadequate disclosures regarding...

Market Watch
Cannabis shipments totaled 10,102 kilograms and kilogram equivalents. Net income of $74.9 million, including changes in fair values of financial liabilities included in Other Income...

Marijuana Business Daily
The first “saleable” harvest from Canadian cannabis giant Aurora’s Nordic 1 facility in Denmark is expected to be ready by the end of first quarter 2019, the company disclosed in a regulatory filing released alongside its quarterly earnings this week...

CNBC
Danny Moses, a legendary investor who shorted subprime loans prior to the financial crisis in 2008, told CNBC that the cannabis industry in America has the makings for a big long...

CNBC
Jim Cramer speaks to Shopify Chief Operating Officer Harley Finkelstein about the e-commerce company's push into Canadian cannabis...

News Wire
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) is pleased to announce the launch of ShopSeventhSense.com. The eCommerce site will allow consumers access to hemp-derived cannabidiol (CBD) personal care and beauty products under the Seventh Sense Botanical Therapy brand...

News Wire
As the cannabis industry continues its impressive growth, acquisitions are leading to greater vertical integration. Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery...

Seeking Alpha
iAnthus Capital Holdings Inc. (OTCQX:ITHUF) has captured investor attention because of its recent merger with MPX Bioceutical. It has been called a merger, combination, agreement, arrangement and amalgamation; and, regardless of what it is called, it merits investor attention since it may be a harbinger...

Seeking Alpha
As the number of cannabis companies has grown, individual companies have sought to differentiate themselves vertically, horizontally, and by location. One variation of such differentiation is the U.S. centric cannabis company that operates in various states throughout the nation...

Benzinga
Welcome to the first installment of “Bulls and Bud,” where we take a look at some of the most promising stocks and brands in the legal cannabis industry. Broader market action added further downward pressure to cannabis stocks last week, despite a fair amount of good news...

Zacks
After being beaten down in the final quarter of 2018, pot stocks staged a nice comeback at the start of this year on the renewed appeal for riskier assets. Notably, these stocks recorded their third consecutive week of gains, the longest winning streak since August. ETFMG Alternative Harvest ETF...

Ottawa Business Journal
Molson Coors Brewing Co. plans to continue focusing on offering more premium and innovative drinks, including a soon-to-be launched line of cannabis-infused beverages, as it grapples with declining beer demand in North America...

Marijuana Business Daily
In November, California-based cannabis retailer MedMen began advertising for a crisis management planning manager. According to the job posting, the position was intended to support the company’s “employees and business units in...

WB Journal
Acreage Holdings is hoping to eventually win town approval to grow and produce recreational cannabis products at its Sterling facility, but it may be an uphill battle...

Midas Letter
MediPharm Labs Corp (CVE:LABS) (OTCMKTS:MLCPF) CEO Keith Strachan shares details of the company’s blockbuster deal with a private buyer...

Market Watch
TILT Holdings Inc. ("TILT" or the “Company”) TILT, -0.14% SVVTF, +5.76% today announced preliminary and unaudited pro forma January 2019 gross revenue of US$18.3 million [(1)] . This compares favorably to the Company’s unaudited pro forma 2018 annual gross revenue of US$97.3 million [(2)] ...

News Wire
Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF) www.libertyhealthsciences.com ("Liberty" or the "Company"), a provider of high quality cannabis, announced today that on February 19th the Company will open its first dispensary in Broward County, in the city of Dania Beach...

News Wire
Flower One Holdings Inc. ("Flower One" or the "Company") (CSE: FONE) (OTCQB: FLOOF) is pleased to announce a new long-term licensing agreement and brand partnership with CannAmerica Brands Corp. ("CannAmerica Brands") (CSE: CANA) (OTCQB: CNNXF) for cannabis-product fulfillment in Nevada...

News Wire
High Tide Inc. ("High Tide" or the "Company") (CSE:HITI) (Frankfurt:2LY), an Alberta-based downstream cannabis corporation focused on the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has opened its eighth...

Globe News Wire
FluroTech Ltd. (TSX-V: TEST) (OTCQB: FLURF). The company has developed the industry's most affordable, accurate, portable, and easy-to-use cannabis testing device to solve testing issues. After securing final certifications, the device is ready for imminent commercialization, creating an early-stage opportunity for investors...

Market Watch
Helix TCS (otcqb:HLIX) (the "Company") subsidiary, BioTrackTHC, was presented with an award for Excellence in Innovation in the category of Business Strategy and Innovation by the National Cannabis Industry Association...

Market Watch
Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF), a vertically integrated cannabis company with one of the largest footprints in the U.S., announced a definitive agreement to acquire Falcon International Corp...

Market Watch
Sunniva Inc. ("Sunniva", the "Company", "we", "our" or "us") (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce that they have secured an additional USD...

Market Watch
Isodiol International Inc.(CSE: ISOL) ():ISOLF) (the "Company" or "Isodiol") today announced the acquisition of the CBD Naturals(R) beverage brands and intellectual property portfolio, including...

Cannabis Business Times
After months of legwork in the U.S., C21 Investments acquired four cannabis businesses in Oregon and Nevada in 2018. The busy year fit into a broader strategy for growth in two of the country’s more mature state markets...

Nasdaq
Tuscan Holdings, a blank check company targeting the cannabis industry, filed with the SEC on Wednesday to raise $200 million in an initial public offering...

New Cannabis Ventures
Tidal Royalty Inc. (CSE: RLTY.U) (“Tidal” or the “Company”), a leading provider of royalty financing to licensed U.S. cannabis operators, is pleased to announce that it has entered into a binding letter of intent (the “LOI”) with MichiCann Medical Inc...

Cannabis News Wire
Cannabis Strategic Ventures (OTC: NUGS) (NUGS Profile) recently announced plans to establish a multi-acre cultivation facility in California to meet market demands...

Growth Op
High Hampton Holdings Corp. is changing the company’s strategy to properly align with the dynamic legal cannabis market in California by focusing on growth across its entire portfolio and fully executing on its brands and distribution assets...

New Cannabis Ventures
Sunniva Inc. (“Sunniva”, the “Company”, “we”, “our” or “us”) (CSE:SNN) (OTCQB:SNNVF), a North American provider of cannabis products and services, is pleased to announce that they have secured an additional USD $4.0 million in...

Business

News Wire
Issues Central, Inc. today announced a web seminar for Thursday, February 21, 2019 for the Cannabis Sector entitled "Can Your Company Withstand a Challenge to Its Disclosures and Certifications?" ...

IOL
While the cannabis plant has been grown – and used – for thousands of years, only recently has its sale for recreational use become sanctioned in countries including South Africa, Canada and Uruguay...

Global News

News Wire
Today, Grow Biotech, ECH and IPS Specials have made history by importing the first bulk shipment of cannabis-based medicines to the UK since the Home Office formally acknowledged the medical benefits of cannabis last November...

Health Europa
Access to medical cannabis in Switzerland is strictly limited, but, thanks to a recent proposal, more patients look set to benefit from this innovative and still controversial therapy...

US News

Marijuana Business Times
Legislation aimed at legalizing and regulating cannabis for adult use received approval by New Mexico’s House Health and Human Services Committee Feb. 9, although passage in the Senate may be tougher, according to Marijuana Policy Project (MPP) Legislative Analyst David Boyer...

Lohud
A growing opposition movement across law enforcement, education and public health is attacking the politically charged push to legalize recreational marijuana in New York...

Atlanta Business Journal
Legislation expanding Georgia's medical marijuana law to allow the growth and sale of low-THC cannabis oil was introduced into the General Assembly Thursday...

BND
State Rep. Carol Ammons, a Democrat from Urbana, has introduced a bill that is drawing attention. It would open the door to a much more expansive legal pot industry than most others have envisioned. The deadline to introduce new bills is Friday...

Marijuana Business Daily
Medical marijuana patients in Missouri got one step closer to being able to have prior misdemeanor cannabis offenses expunged from their criminal records on Thursday...

KI TV
A bill to legalize marijuana for recreational use is moving through the state Senate. What it doesn't spell out is- how would the dispensaries sell it? ...

California News

Cal Matters
The California Supreme Court has some explaining to do. Late last year, the city of Oakland put a new land parcel tax on the books, after 62 percent of voters turned out to boost funding for public education...

Bloomberg Law
Global logistics giant United Parcel Service accused a group of cannabis delivery companies of trademark infringement in a Feb. 13 lawsuit...

News Wire
On the evening of February 13, Ignite International Ltd. hosted an over the top Angels & Devils Pre-Valentine's Day Party with 2,000 plus people at Dan Bilzerian's Bel Air mega-mansion...

ABC13
Business owners in California are starting to complain about a new smell that's possibly killing their business. In Cathedral City, California, California, business owners say the strong...

Green Entrepreneur
Many have called 2018 the Year of the Woman. And the cannabis industry was no exception. According to a new report by Eaze, an online market place and technology platform for legal cannabis, the number of women buying cannabis in California doubled in 2018 from the year before...

Cannabis Now
California Gov. Gavin Newsom announced this week he would be sending the state’s National Guard north to assist in the battle against unlicensed growers...

SF Chronicle
Canada often serves as America’s colder, nicer, saner foil, and its handling of marijuana policy exemplifies its more pragmatic side. While federal, state and even local governments in the United States hurtle in different directions on cannabis, our northern neighbor dispensed with...

Seattle Times
When California voters legalized marijuana, they were promised that part of the tax revenue from pot sales and cultivation would be devoted to programs to teach youth how to avoid substance abuse....

Marijuana Business Daily
The city of Sonora, in central California, plans to file suit against the state Bureau of Cannabis Control (BCC) over a policy adopted in 2018 that allows commercial marijuana to be delivered anywhere in the state, regardless of local bans on MJ commerce...

News 4
South Lake Tahoe City Council have approved adult-use cannabis businesses in the city at their most recent city council meeting. Today, Development Services released the documents which describe how adult use cannabis businesses will operate within the community...

Canadian News

Growth Op
Tucked into the Cannabis Act—the federal legalization that allows for the legal sale of recreational cannabis in Canada—one will find the rules governing how to operate a micro-cultivation facility...

Growth Op
A number of cannabis retailers backed by major licensed producers have entered into agreements with winners of Ontario’s retail lottery in an attempt to gain access to Canada’s largest market come April 1, when 25 brick-and-mortar cannabis stores are expected to open across the province...

Ottawa Citizen
Here’s a safe prediction about the design of Ottawa’s first legal cannabis shop: It will resemble a trendy boutique. The landlord of Superette, the proposed shop in the heart of Wellington West Village, describes it as “high-end retail.”...

Growth Op
Nova Scotia is considering expanding the number of retail cannabis stores, as online sales have been slower than expected. Finance Minister Karen Casey said Thursday that online pot sales were expected to account for about 10 per cent or more of total sales, but are only in the range of six per cent...

Science News

Leafly
With cannabis legalization working its way across the country, more and more cannabis products are being produced and sold. With the increase in sales comes a growing concern about the waste generated from packaging materials and how to make this part of the burgeoning industry more sustainable...