Daily Cannabis News Roundup | January 24, 2019

HighLights

Cannabis today is like tech 20 years ago, says former Yahoo CEO Carol Bartz

Carol Bartz and Joe Montana are among investors who poured $75 million into Caliva, a California-based cannabis company. Bartz, formerly CEO of …

 

Vaping Puts a Choke Hold on the Last of America’s Tobacco Farms

Bloomberg
Demand has skyrocketed for hemp’s derivative products, including CBD oil, the non-intoxicating cannabis extract credited with helping treat a host of medical problems. Proponents argue it’s relatively…

Three reasons why this analyst says a Green Growth-Aphria deal is unlikely

Bloomberg
BNN Bloomberg speaks with cannabis analyst Andrew Kessner of William O’Neil & Co. He offers his skepticism around the Green Growth Brands-Aphria deal coming to fruition…

Stocks

TOKERS & JOKERS | CANNABIS STOCKS ON THE RISE

The Morning Blunt
US and Canadian cannabis stocks rebounded Thursday, bouncing back from yesterday’s turbulence…

Marijuana Stocks Technical Analysis Chart 1/24/2019 by ChartGuys.com

Chart Guys
Recap: Technical analysis and fundamentals of cannabis stocks for January 24, 2019.

How Canopy Growth became the Jolly Green Giant of cannabis

Fast Company
If you were hoping for a rager, you were on the wrong private jet. A tropical storm had delayed the flight from Ottawa to Newfoundland by eight hours…

Canopy Growth Corporation (CGC) Stock Sinks As Market Gains: What You Should Know

Zacks Investment Research
Canopy Growth Corporation (CGC) closed at $43.45 in the latest trading session, marking a -0.48% move from the prior day. This move lagged the S&P 500’s daily gain of 0.22%…

Cronos Overtook Tilray As The Most Expensive Cannabis Stock

Both Cronos and Tilray are likely overvalued stock due to different reasons but the two stocks had been trading very differently. Tilray initially benefited …

Yahoo Finance
Aurora Cannabis Inc. (ACB.TO) is preparing to reveal “extensive” plans for the United States market, according to the company’s chief corporate officer…

Aurora Cannabis Closes $345 Million Convertible Note Offering

New Cannabis Ventures
Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) today announced that it has closed its previously announced offering of 5.5% convertible senior notes due 2024 for gross proceeds of US$345 million…

Two Top Stock Picks For 2019: Innovative Industrial Properties And Twilio

Last week, we looked at four top stock picks. Two stocks, however, were even more popular: three experts chose the same cannabis-related stock and …

Why Innovative Industrial Properties Is Up over 5% Today

Market Realist
Today, Innovative Industrial Properties (IIPR), a real estate capital provider for the cannabis industry, was trading on a solid positive note. On Thursday, the stock posted a day high of $59.90, up about 5.2%…

Canaccord Genuity Group Inc (TSE:CF) Analyst Matt Bottomley on Justifying Cannabis Valuations in 2019

Midas Letter
Canaccord Genuity Group Inc (TSE:CF) (OTCMKTS:CLORF) Analyst Matt Bottomley warns that this year cannabis companies are going to have to justify increasingly lofty valuations…

Zacks: Brokerages Anticipate GW Pharmaceuticals PLC- (GWPH) Will Post Earnings of -$2.97 Per Share

Fairfield Current
Equities research analysts expect GW Pharmaceuticals PLC- (NASDAQ:GWPH) to report ($2.97) earnings per share for the current quarter, according to Zacks Investment Research…

Cresco Labs: From Illinois To US Cannabis Leader (Initiating)

Cresco Labs is a U.S.-based multi-state cannabis operator with roots in … We do not feel comfortable recommending the stock over its expensive …

2019 is the year the US legalizes cannabis, CEO of pot firm Acreage says

CNBC
The United States will legalize marijuana at a federal level in 2019, according to the chief executive of a leading company in the industry…

HEXO Corp. announces pricing of public offering of common shares

Globe News Wire
HEXO Corp. (“HEXO” or the “Company”) (TSX: HEXO; NYSE-A: HEXO) today announced the pricing of its underwritten public offering of common shares (the “Offering”) at a price of C$6.50 per share (the “Offering Price”)…

News Wire
CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) (“Origin House” or the “Company”), a leading North American cannabis products and brands company is pleased to announce it has been named to the 2019 OTCQX® Best 50, a ranking of top performing…

The Green Organic Dutchman Holdings receives court approval for spin-off plan

Proactive Investors
Cannabis company The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) revealed the Ontario Superior Court of Justice had approved its previously announced…

Trading Results: New Age Beverages Corporation (NASDAQ: NBEV)

Reagents Global Markets
The NBEV shares had a previous change of 6.81% which opened at 6.06 and closed at 6.43. It moved to an intraday high of 6.60 and a low of 6.03…

International Cannabis Acquires Stake in Macedonian MHRA GMP Certified Pharmaceutical Manufacturer and Research Laboratory

Globe News Wire
ICC International Cannabis Corp. (CSE: WRLD.U) (FWB: 8K51) (OTC: WLDCF) (“ICC” or “International Cannabis” or the “Company”) is pleased to announce that as part of its Balkan Cannabis acquisition …

Direct Selling Companies Prove Attractive for CBD Market, Drawing Large Non-Endemic Cannabis Industry Partners

Cannabis News Wire
…route originated by brands such as Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile), a leading omni-direct lifestyle company. New Age Beverages Corporation (NASDAQ: NBEV) recently merged with a direct selling company to distribute its CBD products, while beer giant Constellation Brands Inc. (NYSE: STZ) poured a $4 billion investment into Canadian cannabis company Canopy Growth Corporation…

Our Trulieve Cannabis Stock Prediction in 2019 (Buy or Sell?)

Is Trulieve a distinctive play that stands out from the marijuana stock herd? Or is it just another media darling that doesn’t deserve the fawning attention …

iAnthus Named to 2019 OTCQX Best 50

“As investors pay closer attention to the cannabis industry, it becomes increasingly clear that iAnthus isn’t just another cannabis stock, but a …

Market Watch
Auxly Cannabis Group Inc. (tsx.v:XLY) (otcqx:CBWTF) (the “Company”) is pleased to announce that the Company has signed a definitive agreement…

Market Watch
The Flowr Corporation (tsx.v:FLWR) FLWPF, +0.09% (“Flowr” or the “Company”), a Canadian Licensed Producer of premium cannabis products, announced today…

Market Watch
American Premium Water Corporation HIPH, +0.41% announces that it has entered into a letter of intent to acquire a majority stake in Evoxe Laboratories…

Market Watch
Sugarmade, Inc. (otcqb:SGMD), a major supplier to the growing hydroponic cultivation sector, today announces its intent to acquire a retail location of Washington State-based Hydro4Less…

Business

This Is How to Finance Cannabis Oil Extraction Equipment and Keep All Your Equity

Lenders specialized in financing cannabis processing are an alternative to venture funding that typically costs you equity in your own company.

Super Rich Americans Are Getting Younger and Multiplying

Bloomberg
Robinhood Markets Inc., a financial services firm for millennials. And in September, a trio of cannabis-focused private equity investors in their 40s became billionaires after their bet on a Canadian…

Practical Tips for Your Cannabis Co-Branding Deals

Canna Law Blog
I’m currently advising multiple cannabis clients that are seeking to enter into co-branding deals, some with other cannabis companies…

7 Potential Pitfalls in Cannabis M&A Deals—And How to Avoid Them

Cannabis Business Times
M&A activity is heating up in the cannabis industry, and while many are eager to achieve their business objectives through buying or selling assets, it’s critical that parties on both sides of the table perform…

Weekly Deal Watch: Money flow into cannabis appears to be in a lull – here’s why

Only three weeks into January, observers who are closely following the money flowing into the cannabis space likely have noticed a big dip in the …

3 Key Objectives in Cannabis M&A Deals

Cannabis Business Times
Business of all sizes are trading hands amid a flurry of mergers and acquisitions activity in the cannabis market. The sheer pace of market consolidation keeps the M&A discussion at the forefront of cannabis business strategies…

Market Watch
Grown Rogue International Inc.(cse:GRIN) NVSIF, +17.51% The company recently announced plans to build out a presence in Michigan, which recently legalized recreational cannabis in November 2018…

Global News

Trinidad and Tobago to decriminalise cannabis, consider legalisation

Some such as the AMOR of Trinidad and Tobago have endorsed the legalisation of cannabis, stating that decriminalisation does not do enough to …

Market Watch
Cannabics Pharmaceuticals Inc. (otcqb:CNBX), a leader in personalized cannabinoid medicine focused on cancer and its side effects announced, that NewCanna Hub…

Market Watch
Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the “Company” or “Chemesis”), announces its subsidiary Natural Ventures will enter the CBD market…

US News

Which Politicians Get ‘Major Marijuana Money’? Anti-Legalization Group Unveils Congressional …

Earl Blumenauer of Oregon, Dina Titus of Nevada and Barbara Lee of California—all states where recreational marijuana has been legalized—as the …

Dems introduce marijuana bill in House

SANTA FE — A proposal to legalize, tax and regulate the recreational use of marijuana in New Mexico was introduced in the state House on Thursday …

House Bill Would Direct Veterans Affairs to Research Medical Marijuana

House lawmakers introduced a bill Jan. 23, 2019, that would require the U.S. Department of Veterans Affairs (VA) to conduct studies on the benefits of …

House passes SNAP bill for drug felons; Delegate Bates says, ‘Cannabis can’ help fix some state …

CHARLESTON — The House of Delegates approved on Thursday a bill to end the lifetime ban on SNAP benefits for drug felons – a ban that …

Virginia Medical Cannabis Bills Clear Senate Committee

Senator Siobhan Dunnavant’s SB1557 would clarify last year’s landmark Let Doctors Decide medical cannabis legislation. It seeks to redefine allowed …

State Senate Moves to Privately Confirm Embattled Liquor and Cannabis Board

“Our members in the regulated cannabis industry are concerned about the culture of the LCB, which is under the purview of an unelected board of …

California News

Is Weedmaps legal? Service lists unlicensed pot shops, raising questions that could touch many …

It’s been eleven months since California cannabis officials told Weedmaps, the popular online directory that helps consumers find marijuana shops, …

New York Times
Nobody said it’d be easy, exactly. But nobody anticipated it’d be quite this hard to get Californians to buy legal weed…

California’s Cannabis Advisory Committee Annual Report For 2018 …

Green Market Report4 hours ago
Here’s the Executive Summary. I n 1996, California was the frst state in the union to legalize the use of medical cannabis under Proposition 215 …

California Cannabis Company Caliva Raises $75 Million

California’s most trusted cannabis brand builds war chest to fund production and expansion with investments from California legends Carol Bartz and …

Chemistry Closes $6M Series A Round with Gotham Green Partners

As such, the company supports Northern California’s heritage farms by partnering with craft cultivators to source sun grown, whole flower cannabis.

California Issues Final Cannabis Regulations

One involves the stipulation that an individual can only purchase one ounce of cannabis per day. While the law dictates that no one can have more …

Canadian News

Atlantic Canadians buying far more pot than rest of country, sales figures show

Global News
People in Atlantic Canada are buying far more legal cannabis per capita than Canadians elsewhere in the country, Statistics Canada figures show…

Millennials represented almost half of Canadian cannabis consumers

The Province
Just 13 percent of surveyed Canadians report using cannabis frequently or occasionally, but almost half of them are Millennials, defined in the study as those aged 22 to 39…

Ontario Cannabis Store seeking courier for same-day pot delivery services

CP24
The Ontario Cannabis Retail Corporation is seeking a courier to make same-day pot deliveries, starting with the Greater Toronto Area…

Science News

Study: People are replacing their pharmaceutical drugs with medical cannabis

(WSVN) – People are replacing their medical prescriptions with cannabis according to results from a recently released study. The study, which was …

Market Watch
Industry pioneer and trailblazer, Advanced Extraction Systems Inc. (AESI) is pleased to announce their latest innovation, the highest throughput CO2 extraction system for the Global cannabis and hemp markets…

Young people in liberal states use more cannabis, but have lower rates of dependence

Young people living in liberal states consume more marijuana, but have lower rates of marijuana dependence, according to a new study from …

Market Watch
As marijuana becomes mainstream and usage rates skyrocket, some of the nation’s top cancer doctors are urging the Surgeon General to investigate the link between smoking marijuana and lung cancer…

Market Watch
Pascal Biosciences Inc. (tsx.v:PAS) (“Pascal” or the “Company”), a drug discovery and development company, today announced the testing of cannabinoids in human subjects…