Daily Cannabis News Roundup | February 14, 2019

HighLights

Globe News Wire
New Frontier Data, the authority in data analytics and business intelligence on the global cannabis industry, in partnership with The GreenHub and sponsored by Verdemed, releases its first in a series of regional cannabis market overviews, The Latin America Regional Cannabis Report: 2019 Industry Outlook...

ABC News
A person attempting to smoke marijuana in an abandoned house ended up finding a tiger instead, according to the Houston Police Department...

Congressional hearing on marijuana banking boosts industry hopes for reform, but passage far from assured

Marijuana Business Daily
In their push to expand the market for legal cannabis in the U.S., lobby efforts have turned to changing the law to allow the big U.S. banks to become involved in the industry...

Market Watch
Global Cannabinoids, the cannabis industry leading producer, manufacturer, and distributor of bulk and wholesale hemp derived cannabinoids and finished products, is pleased to announce the hiring of 15 year L'Oreal veteran, Sam Cheow...

CNBC
The company that helped Kylie Jenner make almost $1 billion from selling her branded products is now moving into the cannabis space, its chief operating officer told CNBC on Tuesday...

Forbes
Following reports about the World Health Organization (WHO) recommending a rescheduling of cannabis and several of its key components under international drug treaties, the European Parliament voted on Wednesday on a resolution that would help advance medical cannabis in the countries that form the European Union...

Stocks

The Morning Blunt
Wednesday was a strong day for US and Canadian cannabis stocks with most companies largely on the rise. According to the CBC, shareholders have implicated Aphria in two class-action lawsuits due to inadequate disclosures regarding the acquisition of its Colombian, Argentinian, and Jamaican assets...

CNBC
Raymond James' Dave Novak on whether the pot trade is all smoke and mirrors? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami...

CNBC
Jim Cramer rattles off his responses to callers' stock questions, including one on a top cannabis play...

Zacks
Earnings season continues to roll on with over 500 companies expected to report this week. That includes some of the hot marijuana stocks...

Equities
Our research team has been actively discussing the potential that the entire Marijuana stock sector could be setting up for another upside price rally. Since the bottom set up in the US stock market near December 24, 2018, many of the cannabis-related stocks...

Zacks
Whether its eating a gooey, chocolatey brownie or taking a few hits off a freshly rolled joint, it’s common knowledge that a lot of people like to get high. Many investors, however, have yet to “light up.”...

Midas Letter
After a material gap down in Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P) shares following the company’s 2Q 2019 earnings report yesterday, things are trending upwards. Backstopped by a strong generalized market condition, Aurora shares have recovered—and then some...

News Wire
Aurora Cannabis Inc. ("Aurora" or "the Company") (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) today provided an update on its strategic investment in High Tide Inc...

New Cannabis Ventures
Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that its operating partnership subsidiary, IIP Operating Partnership, LP (the “Operating Partnership”), has commenced a private placement, subject to market conditions, of $100 million...

Alpha Street
Canopy Growth (TSX: WEED, NYSE: CGC) will release its financial results for the third fiscal quarter of 2019 after the markets close on Tuesday, February 14, 2019...

Forbes
Cannabis company Cronos Group is expected to publish its Q4 2018 results in the coming weeks. The company’s stock has fared well following its last earnings report, rising from around $8 in mid-November to close to $19 currently...

Barron's
A team of analysts gave Constellation Brands stock (ticker: STZ) a lift after meetings with a Canadian cannabis company left them feeling bullish on the industry’s prospects...

News Wire
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) ("GGB" or the "Company") is pleased to announce that its board of directors has approved the grant of an aggregate of 2,120,000 restricted share units (the "RSUs") under the Company's equity incentive plan (the "Plan") to certain of its employees (the "RSU Recipients")...

News Wire
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) is pleased to announce the opening of its first Seventh Sense CBD Shop at the Fayette Mall in Lexington, Kentucky...

News Wire
Neptune Wellness Solutions Inc. ("Neptune" or the "Corporation") (NASDAQ: NEPT) (TSX: NEPT), today announced its financial and operating results for the 3-month period ended December 31, 2018. All amounts are in Canadian dollars...

News Wire
CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST) is pleased to announce that it has appointed Greg Guyatt, CPA CA as Chief Financial Officer ("CFO") effective February 19, 2019, further strengthening the Company's leadership team...

Benzinga
Harborside has taken significant step toward going public in Canada. The California-based cannabis retail brand's parent company FLRish, Inc. recently announced that it entered into a definitive merger agreement with the Canadian branded product maker Lineage Grow Company (CSE: BUDD)...

News Wire
1933 Industries Inc. (the "Company" or "1933 Industries") (CSE: TGIF) (OTCQX: TGIFF) (FWB: 1QF) a licensed cultivator and producer of cannabis flower and concentrates and manufacturer of hemp/CBD wellness products, is pleased to report that its subsidiary, Infused MFG...

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 it will be holding a grand opening celebration on Tuesday...

Seeking Alpha
We first introduced Khiron Life Sciences (OTCQB:KHRNF) to our readers on October 27 through "This Cannabis Stock Could Be The Perfect Takeout Target". After a temporary pullback after our article, the stock has been soaring on the back of several tailwinds including its entry into Mexico...

Market Watch
MedMen Enterprises Inc. (“MedMen” or the “Company”) (otcqx:MMNFF) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition”) of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as “Level Up,” two vertically-integrated operations in Arizona...

Market Watch
Auxly Cannabis Group Inc. (TSX.V - XLY) ("Auxly" or the "Company") is pleased to announce the appointments of Brian Schmitt as Chief Financial Officer, Jason Sonshine as Vice President, Strategy, and Carla Nawrocki as Vice President, Investor Relations of the Company...

Seeking Alpha
Cresco Labs Inc. (OTCPK:CRLBF) (CSE: CL) is the Chicago-based medical cannabis and life sciences company being given short shrift by the media and investors...

Market Watch
Village Farms International, Inc. ("Village Farms" or the "Company") (VFF) (otcqx:VFFIF) today announced that its 50%-owned joint venture for large-scale, low-cost, high-quality cannabis production, Pure Sunfarms Corp...

Market Watch
Plus Products Inc. PLUS, +2.05% (otcqb:PLPRF) (the "Company" or "Plus Products") is pleased to announce that due to strong demand from investors, it has increased the maximum size of the previously announced private placement led by Canaccord Genuity Corp. involving a syndicate of agents...

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 the completion of the previously announced non-brokered offering (the "Financing") of convertible debentures...

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...

Business Insider
Molson Coors, one of the world's largest beer makers, dropped 4.98% to $67.80 apiece on Tuesday after the company posted lower-than-expected sales in the fourth quarter and said it made accounting errors in its financial statements for fiscal 2016 and 2017...

Benzinga
Youngevity International Inc YGYI 0.37% shares were trading in the green Wednesday after the company announced that it will acquire Khrysos Global, a manufacturer of extraction equipment...

Market Watch
Bhang Corporation ("Bhang" or the "Company") announced today that it will host educational and sensory sessions in Toronto in advance of cannabis edibles legalization, to provide cannabis consumers the opportunity to familiarize themselves with the Bhang product line and ask questions about proper edibles usage...

Business

Yahoo Finance
Stereotypical stoners were nearly nowhere to be found this week at the National Cannabis Industry Association’s third annual “CannaVest” and Seed to Sale conference in Boston, Massachusetts...

Denver Business Journal
As legalization spurs cannabis companies across the country to sprout up, the need for cannabis-focused human resources and payroll services increases...

The Recorder
The 2016 push to legalize marijuana began with an activist campaign that sought to “regulate marijuana like alcohol” and many legalization supporters continue to argue that the two substances should be treated similarly by government...

Forbes
Amid the marijuana industry’s already massive first quarter of M&A and investment activity this year, a new record has already been set. Flow Kana announced today the completion of a $125 million round of financing from Gotham Green Partners — the largest private funding round of a cannabis company executed in the United States...

Green Entrepreneur
A benefit of being on the road is the perspective that I gain from speaking to cannabis entrepreneurs from around the globe...

Global News

The Diplomat
In 2018, Thailand’s military junta-appointed parliament gave the Thai people a “Christmas gift” by voting to amend the 1979 Narcotics Act, legalizing cannabis for medicinal and research uses...

The Straits Times
The authorities have clarified Singapore's position on the use of pharmaceutical cannabinoid products here, saying that their presence is under strict frameworks and regulations and does not diminish the Republic's zero-tolerance position on drugs...

PM Live
Australia’s Althea Group has become one the first medical cannabis companies to enter the UK market since the government made these products available on prescription for some patients...

US News

The Real Deal
After Illinois legalized medicinal marijuana in 2014, Deena Zimmerman traveled to Colorado to learn how the marijuana industry was intersecting with the real estate market...

The Denver Post
Colorado marijuana businesses have sold more than $6 billion worth of weed and related products since a voter-approved measure allowing adults over the age of 21 to consume recreational pot took effect in the state on Jan. 1, 2014...

Cannabis Now
If there’s one critical thing cannabis advocates failed to consider over the decades of pot prohibition in the United States, it’s that it takes more than funny hats and peaceful protests to get Uncle Sam and his big, bad legion of political puppets to give any issue the consideration it needs to become a part of the American way.

Herald Tribune
Shop owners who sell the noneuphoric cousin of cannabis, called CBD are on pins and needles since the Sarasota Police Department announced an impending crackdown slated for sometime this week on the sale of the product...

California News

Wired
NO MATTER HOW you phrase it, Californians are increasingly convinced that the tech industry needs government intervention. Edelman’s annual Trust Barometer survey, portions of which were released Wednesday, found that 58 percent of Californians...

Weed Maps
A new emergency bill introduced in the California Senate intends to rectify a provision in the state's legal cannabis landscape that has cut off access for many low-income, terminally ill, and chronically ill patients who rely on it medically...

Market Watch
AppSwarm, Corp. (OTC: SWRM) announces it has executed a licensing agreement with I Heart Canna to utilize the DeliverySwift platform for their cannabis delivery service in Northern California...

Marijuana Business Daily
California Gov. Gavin Newsom announced during his state of the state address on Tuesday that the National Guard has been tasked with eliminating unlicensed cannabis farms, a move welcomed by the state’s legal marijuana growers...

North Bay Business Journal
Although cannabis was legalized for recreational use last year by California voters, businesses that produce the plant and service the industry still face challenges when deciding how to bank their money...

Canadian News

Montreal Gazette
A legislative committee hearing on raising the legal age to consume cannabis in Quebec to 21 from 18 got off to a stormy start Tuesday, with one Liberal MNA questioning the very legitimacy of the exercise...

Mondaq
Ex-management of a Winnipeg-based cannabis producer hired a broker to buy what turned out to be illegal product and led Health Canada to pull the company's sale licence, a third-party investigator says...

Growth Op
The logistical challenges and related supply issued of producing legal cannabis in Canada are many–and as a result, the Canadian cannabis black market is booming...

Science News

MedScape
Even as two states have passed laws to encourage clinicians to use cannabis as a substitute for opioids, some experts are warning against this practice. Two addiction experts — Keith Humphreys, PhD, professor of psychiatry and behavioral sciences at Stanford University, Palo Alto, California, and Richard Saitz, MD,...

Business Insider
MMJ International Holdings, the premier medical cannabis research company, is advancing the science of medical marijuana legally through patient clinical trials and research, announced that it is seeking fast track designation approval from the FDA...

EurekAlert
Adolescent cannabis use has been linked to an increased risk of depression and suicidal behaviour in young adulthood, according to the first meta-analysis by a team of scientists at the Research Institute of the McGill University Health Centre...

The Growth Op
Anyone who knows someone with severe asthma might recognize a nebulizing machine. If not, the device is likely a complete mystery...