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HighLights
Business Insider
Millennial investors can't get enough of cannabis stocks, according to data from financial-service providers.
On Robinhood, a free-trading app popular among younger traders, three of the four most-added stocks over the past week were marijuana producers...
CBC
Legalizing cannabis doesn't seem to have much changed how many people use the drug, according to figures released by Statistics Canada.
The Statistics Canada figures released Thursday shows about 4.6 million people, or 15 per cent of Canadians over age 15, reported using cannabis in the previous three months...
Bloomberg
Companies are overpaying for mergers and acquisitions in the cannabis sector amid a flurry of “funny money” all-stock deals in the space, one Bay Street portfolio manager said...
Civilized
There is no question that marijuana, CBD, and hemp are fast becoming a very lucrative industry. State-legal cannabis is already a $9.7 billion industry in the US, and is projected to surpass $30 billion globally by 2021...
Marijuana Moment
When members of Congress convene for a hearing on banking services for the marijuana industry next week, they’ll hear testimony from a state treasurer as well as individuals representing financial institutions, a drug policy reform organization and a medical cannabis dispensary...
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Stocks
The Morning Blunt
Thursday was sluggish for most US and Canadian cannabis stocks who seem to be working off yesterday’s bearish hangover...
CNN Business
Marijuana related stocks have been surging lately because a lot of people believe cannabis will be legalized in the United States soon. But the sector has many of the hallmarks of a speculative bubble, and probably needs a major shakeout before the average investor should consider adding marijuana to a portfolio...
Zacks
After a monumental January, marijuana stocks and the related ETF took a dive on Feb 6, 2019 thanks to two adverse news. Canadian cannabis company Aphria Inc.’s rejection of a hostile bid and clampdown on CBD’s use in edibles, per an article published on MarketWatch...
Market Watch
Cannabis stocks were mixed on Thursday after the Canadian government released statistics that showed the number of users of weed has barely changed since full legalization last October...
The Globe and Mail
Canadian cannabis producer Aphria Inc. and its American suitor first held discussions about a potential partnership last September, in a sit-down brokered by Aphria’s recently replaced legal adviser, new regulatory filings reveal...
Financial Post
Shareholders of cannabis company Aphria Inc. appear to be divided over American retailer Green Growth Brands’ attempted hostile takeover of the Leamington-based company — some are painting the bid as “undervalued” and “futile,” while others seem to have lost faith in Aphria’s management and are welcoming change...
Yahoo Finance
Canopy Growth (CGC) is planning to expand its investment in American cannabis.
The Canada-based cannabis company previously announced an investment of $100 million to $150 million to process and produce hemp in New York after securing a license from the state’s government officials in January...
Yahoo Finance
And thus, its CEO Bruce Linton is confused why shares in alcohol maker Constellation Brands, which invested $4 billion into the company late last year, aren’t enjoying the same rally. In fact, Constellation shares have dropped by about 20% in the same time period...
Investors Business Daily
Canadian pot producer Tilray (TLRY) will supply CBD ingredients to be used in wellness products backed by golfing legend Greg Norman, under a deal announced Thursday with Ohio-based cannabis company Green Growth Brands. Marijuana stocks were mixed...
Nasdaq
Investors in Aurora Cannabis Inc (Symbol: ACB) saw new options become available today, for the March 29th expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the ACB options chain for the new March 29th contracts and identified one put and one call contract of particular interest...
News Wire
Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) is pleased to announce that it intends to increase its total investment in Canopy Rivers Inc. ("Canopy Rivers") (TSXV: RIV) by $30 million (CDN)...
Bloomberg
Eleven Canadian penny stocks hoped a name change would propel them into the next investor frenzy.
Last year, these stocks, hovering around $1 changed their name to include "cannabis" in the hopes that their share price would get a lift from the pot investing craze...
Globe News Wire
GW Pharmaceuticals plc (Nasdaq: GWPH, “GW” or “the Company”), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, will announce on 26 February...
Market Realist
Innovative Industrial Properties (IIPR), the leading provider of real estate capital for the medical-use cannabis industry, had a staggering performance in January with a gain of ~36.5%. In comparison, some of the cannabis stocks like Canopy Growth (WEED), Cronos Group (CRON), and Aurora Cannabis (ACB) gained 76%, 89.4%, and 42.9%, respectively...
New Cannabis Ventures
The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced that the Company’s wholly owned subsidiary, 7ACRES, has entered into a supply agreement with the New Brunswick Liquor Corporation...
Seeking Alpha
New Age Beverages (NBEV) is a Colorado-based beverage company that has accumulated a portfolio of C-tier beverage brands primarily by acquiring other struggling beverage companies...
New Cannabis Ventures
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) today announced that it has completed the sale of three properties to Treehouse Real Estate Investment Trust (“Treehouse”) with a net proceeds of approximately $18.4 million...
Market Realist
Of the three analysts that cover Curaleaf Holdings (CURLF), two are favoring a “strong buy,” and one is favoring a “buy.” On average, analysts have set a 12-month price target of 16.67 Canadian dollars, which represents an upside potential of 83.8% from its February 5 closing price of 9.07 Canadian dollars...
CanTech Letter
The just completed acquisition of MPX Bioceutical puts iAnthus Capital Holdings (iAnthus Capital Holdings Stock Quote, Chart CSX:IAN) in some rare company, says Beacon Securities analyst Russell Stanley says...
News Wire
Sea Hunter Holdings, LLC ("Sea Hunter"), a registered shareholder of TILT Holdings Inc. ("TILT"), announced today that it has completed a distribution of 15,545,700 common shares in the capital of TILT to its members...
Investor Place
Lately, the pharmaceutical companies are trying to use cannabis-based therapies to treat all sorts of medical conditions. Zynerba (NASDAQ:ZYNE) is another contender in this increasingly-crowded field. Whether that’s a good or bad thing for Zynerba stock remains to be seen...
Global News Wire
The company is well-equipped to study the effects of cannabis with its wholly-owned network of more than 20 Canabo Medical Clinics with over 50,000 patients. These clinics provide the company with the largest medical cannabis dataset in the world, ...
New Cannabis Ventures
Accordingly, the Company announced today that Dr. Raza Bokhari, Executive Co-Chairman, has been appointed interim Chief Executive Officer of FSD Pharma, effective immediately. Dr. Bokhari’s appointment follows the termination of Rupert Haynes...
New Cannabis Ventures
Auxly Cannabis Group Inc. (TSX.V – XLY) (“Auxly” or the “Company”) today announced the termination of the definitive agreement dated March 3, 2018 (the “Agreement”) between the Company and FV Pharma Inc., a wholly-owned subsidiary of FSD Pharma Inc...
Proactive Investors
Haywood Capital Markets initiated coverage Thursday for Valens GroWorks Corp (CSE:VGW) with a Buy rating and a target price of C$5.25 per share.
The research team wrote in a note to clients that it viewed Valens as an “attractive investment” in the cannabis sector as the market evolves towards extracted product...
New Cannabis Ventures
GGB Beauty LLC, a subsidiary of Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) announces it has executed a licensing agreement (the Agreement) as of February 6, 2019with Authentic Brands Group (ABG) and the Greg Norman brand...
Midas Letter
Tetra Bio-Pharma Inc (CVE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) is a cannabinoid-based drug research and development company...
New Cannabis Ventures
48North Cannabis Corp. (“48North” or the “Company”) (TSXV:NRTH) is pleased to announce the closing of its $10,000,000 private placement. Following the completion of the $3,000,000 strategic investment from Canopy Growth Corporation...
News Wire
TrackLoop Analytics Corp. ("TrackLoop" or the "Company") (Canadian Securities Exchange: TOOL) (FRANKFURT: B2IP) (OTCQB: TLOOF) is pleased to announce that it is signing a multi-year distribution agreement (the "Distribution Agreement") with Volta Air Technology and Thermobile...
PR News Wire
Liht Cannabis Corp. (CSE: LIHT) (OTCQX: LIHTF) or the "Company") is pleased to announce, further to news releases dated June 25, 2018, August 21, 2018 and September 26, 2018, the Company has entered into a development agreement...
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Business
Marijuana Business Daily
Predatory lending, which gained special notoriety during the early 2000s, can debilitate a marijuana entrepreneur who’s trying to start or scale a business. Predatory loans typically involve a lender who relies on unfair or misleading tactics to entice a borrower to sign for a loan with a...
Business Insider
A boom in cannabis investment is siphoning capital away from mining and hitting junior miners hardest, forcing them to up their game and potentially improving the quality of projects in a sector long rife with cowboy speculators...
News Wire
In the horse race to revenues, it seems that CBD infused products market may outpace the cannabis market, with the passage of the 2018 Farm Bill kicking it ahead across the finish line! A report from a cannabis industry analyst, as reported in The Rolling Stone...
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Global News
News Wire
Clever Leaves, a vertically-integrated Colombian licensed producer of pharmaceutical-grade medical marijuana, will announce later today that it will become the first Colombian company authorized to export cannabis into Canada...
Mondaq
Following the recent landmark decision of the South African Constitutional Court, in which the private and personal use of cannabis was decriminalised, together with the publication of guidelines regarding the cultivation of cannabis for medical...
Haaretz
Denmark has “a lot of money” and wants to build an identical medical marijuana industry, she told the shocked organizers. Yuval Landschaft, director of the Medical Cannabis Unit in the Health Ministry (known by its Hebrew acronym, Yakar), couldn’t control himself: “Steal from us?” he asked.
Highlights | Stock Market | Business | Global | US News | California | Canada | Science
US News
Forbes
More than 900 cannabis-related bills moved through state capitols and Congress in 2018, and there are already about 600 bills for 2019 sessions, according to Marijuana Moment's Legislative Tracking Tools...
Fosters
New Hampshire lawmakers considering whether to legalize recreational marijuana heard Tuesday from supporters arguing such a move is long overdue and opponents urging them to resist pressure from surrounding states...
Chicago Tribune
The bill, introduced Jan. 25 by Rep. Carol Ammons of Urbana, would allow licensed businesses to grow and sell pot, and residents to grow up to 24 plants at home...
Boston Globe
Massachusetts’ first-in-the-nation program to help people affected by the war on drugs join the cannabis industry hit a delay Thursday, as officials said they need to change how they select people who train hopeful entrepreneurs...
Green Entrepreneur
Legalizing weed brings massive new tax revenue, but it also requires navigating a messy road of creating, regulating and enforcing a brand new industry that will have significant demand from its inception...
Cannabis Business Times
Among the handful of adult-use cannabis legalization bills in the Minnesota legislature this year is one that Marijuana Policy Project (MPP) Political Director Jason Tarasek said may just be conservative enough to pass...
KDRV
A bill that would create the possibility of Oregon exporting marijuana to adjacent states where cannabis is also legal had its first public hearing Thursday, where advocates said it would give Oregon a way to relieve its oversupply and grow its brand...
Wall Street Journal
Connecticut Democrats are seeking to legalize recreational marijuana and provide debt-free college to qualified students, measures they said would help the state’s economy and education system...
Marijuana Moment
A Hawaii Senate committee approved a bill on Thursday to legalize marijuana for adults 21 older in the state.
Last week, the Committee on the Judiciary held a hearing and listened to spirited testimony from advocates and opponents of cannabis reform...
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California News
North Bay Business Journal
Sonoma County officials expect a dip in cannabis tax revenue in the coming fiscal year, down from $3.5 million in fiscal 2017-2018.
That was due to many cannabis businesses in the unincorporated areas failing to meet the requirements of the penalty-relief program...
Los Angeles Times
The men and women collecting petition signatures outside Metro Super Market in Temple City warned of a marijuana takeover and greedy politicians eager to speed it along...
Enterprise Record
It didn’t take long for the new Chico City Council to bring up the issue of making commercial marijuana available to the masses. A good chunk of Tuesday’s meeting was devoted to that...
Marijuana Business Daily
California’s infused product makers and testing labs are breathing a sigh of relief now that state regulators have sought to clarify rules governing THC potency for edibles and beverages, a move that is expected to result in fewer products failing lab tests...
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Canadian News
CBC
A recall has been issued for a brand of cannabis oil that was sold at Cannabis NB stores in the province.
The product, sold by Ontario-based CannTrust Inc. under the brand "Liiv", may be incorrectly labelled as CBD — or Cannabidiol oil, when it was in fact THC ...
News Wire
Lift & Co. Corp. (TSXV: LIFT) ("Lift & Co." or the "Company") is pleased to announce today that it has received a multi-year approval from the Alcohol and Gaming Commission of Ontario ("AGCO") Board...
The News Co-Op
After Canada legalised recreational cannabis last October, businesses are looking to enter the market – including Co-op Calgary, which has already opened its first marijuana outlet...
Global News
Saskatchewan’s cannabis delivery regulations don’t seem to take technology into account, according to a new delivery company...
Chronicle Journal
Ontario's Alcohol and Gaming Commission has disqualified one of the winners of a lottery held to apply for cannabis retail licences...
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Science News
Plains Gazette
Since recent past, compounds such as cannabidiol (CBD) have gained significant traction due to its benefits to neural system without the negative side-effects. New researchers revealed that cannabis extract might help to relieve symptoms of psychosis...
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