Daily Cannabis News Roundup | February 21, 2019

HighLights

JD Supra
The regulatory status of a food ingredient is governed by certain bright line rules. Any substance that is reasonably expected to become a component of food is a food additive...

BioSpace
Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, subsidiaries HempMeds® and Kannaway® announced today that HempMeds® Real Scientific Hemp Oil

Green Entrepreneur
Two senators who are leading candidates in the race for the Democratic presidential nomination have already accomplished something early in the campaign – they’ve made legalization of marijuana at the national level a primary issue...

La Presse
One of the largest fund managers for pension funds in the country is adding to the pot. The Public Sector Pension Investment Board (PSP) now owns shares in at least four major Canadian cannabis producers, an investment worth nearly one hundred million dollars...

Stocks

News Wire
Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) ("Canopy Growth" or "the Company") filed its Amended and Restated Management Discussion and Analysis for the three and nine months ended December 31, 2018 ("Amended MD&A") to correct the Adjusted EBITDA...

Bloomberg
Aurora Cannabis Inc. () moved to strengthen its board of directors as it announced chairman Michael Singer will become executive chairman...

Zacks
Marijuana stocks and related ETFs, like the pure-play marijuana ETF ETFMG Alternative Harvest ETF (MJ - Free Report) , have been soaring this year courtesy of Canada’s legalization of recreational marijuana in October as well as legalization for recreational sales in some U.S. states...

Value Walk
Activist short sellers launched 155 campaigns in 2018, according to data from Activist Insight Shorts that was quoted in The Activist Investing Annual Review 2019, produced by Activist Insight in association with Schulte Roth & Zabel...

CNBC
Boston beer talks pot. Beer and bud stocks, with CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Karen Finerman and Guy Adami...

The Growth Op
Aurora Cannabis Inc., Canadian Licensed Producer headquartered in Edmonton, has launched a Cannabis Tax Ticker–a live website that runs a tally of how much Canadians have racked up in medical cannabis taxes...

Seeking Alpha
HEXO (HEXO) is a smaller player within the legal adult-use cannabis sector in Canada. Their production capacity is expanding significantly, however...

Marijuana Business Daily
Sales from Canopy Growth’s large cannabis production center in Denmark are expected to start in September, expanding the limited medical marijuana supply in the German market and giving a boost to the Canadian company’s international revenue...

New Cannabis Ventures
A post on Twitter today has pressured GW Pharma (NASDAQ: GWPH), which dipped more than 3% to $145.21. The post, by Ryan Flinn, a Bay Area journalist in healthcare public relations, indicated that he was having trouble procuring Epidiolex, recently approved for treating seizures caused by epilepsy...

New cannabis Ventures
Ascend Wellness Holdings (AWH), a multi-state, vertically integrated cannabis operator, today announced that the company secured $37 million in a bridge round of preferred equity and $18 million in a senior secured cultivation note...

Cannabis News Wire
Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery...

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, announced today that it has completed the previously...

Market Watch
Puration, Inc. (usotc:PURA) ("PURA") today announced that its EVERx CBD Sports Water will be featured next month in Europe at an industry trade show by the company's first distribution partner in Europe...

Seeking Alpha
With a massive amount of cash recently raised and operating subsidiaries in Colombia, Khiron Life (OTCQB:KHRNF) is building facilities to run a medical cannabis business...

Libn.com
Curaleaf New York held a grand opening for its medical marijuana dispensary in Carle Place this week. It’s the firm’s fourth dispensary in New York State...

Cannabis Industry Journal
Fresh on the heels of another investment from Canopy Rivers, Canapar breaks ground on a Sicilian hemp processing facility said to be “Europe’s largest.”...

Market Watch
Wayland Group (frankfurt:75M) (otcqb:MRRCF) ("Wayland" or the "Company") is pleased to announce a corporate update on its operational progress in Canada and internationally...

News Wire
American Premium Water Corporation HIPH, +0.80% announces that it has established its own laboratory which will focus on the testing the Company's proprietary hydro-nano technology...

Market Watch
Halo Labs Inc. (“Halo" or the "Company") (neo:HALO) announces that it intends to issue common shares in the capital of the Company ("Common Shares") in connection with a proposed acquisition to extend its 2 [nd] Cathedral City facility...

News Wire
Sundial Growers Inc. ("Sundial") is pleased to announce it has secured a cannabis supply agreement with the BC Liquor Distribution Branch ("BCLDB"). The partnership advances Sundial's strategy of providing all Canadians access to its premium adult-use and medical products...

Benzinga
Earlier this month, Driven Deliveries Inc DRVD announced that it's expanded its California cannabis delivery platform. This will ultimately allow the company to support deliveries in the Bay Area, central California, Sacramento, Orange County and Los Angeles areas...

Business

The Drinks Business
The CBD Drinks Report, which has been launched by drinks experts Zenith Global and Beverage Digest, said US sales of cannabis-based drinks was worth $86 million last year- but sales were likely to pass the key $1 billion barrier in 2023, jumping to around $1.4 billion by 2024...

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

News Wire
Canaccord Genuity Growth Corp. ("CGGC") has, in accordance with applicable rules, filed a non-offering preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec)...

CNBC
Cannabis beauty has become so trendy that Wall Street analysts have started treating it as a standalone category. As beauty products laced with CBD, a non-psychoactive compound found in hemp and marijuana, continue to find their way onto the shelves of retailers including Sephora, Barneys and Neiman Marcus...

Forbes
A few weeks ago, Carol Bartz, former CEO of Autodesk and Yahoo, was all over the news after seed-to-sale cannabis company Caliva announced she was part of a group that had invested $75 million into the company, alongside NFL legend Joe Montana...

Leafly
There was much speculation throughout 2018 about Canada’s soon-to-be-legal cannabis market. But only recently has data become available that shows what cannabis consumers really want and actually buy...

Forbes
As the cannabis industry matures and continues to consolidate, smaller companies are having a harder time finding success. In an industry where million-dollar cannabis chains are popping up all over North America, it has become increasingly difficult for mom-and-pop cannabis companies to gain a foothold...

Global News

Voxy
Ruatoria-based Hikurangi Cannabis Company has been in Rome this week participating in an international standards setting meeting for the cannabis industry...

Merry Jane
Five months after becoming the first East Asian country to legalize medical marijuana, South Korea is preparing to accept its first shipments of select cannabis-based medicines...

US News

Tucson.com
A House committee voted Wednesday to ensure that edible forms of marijuana remain available for sale in Arizona, no matter what the Arizona Supreme Court eventually decides...

Cannabis Business Times
New Mexico’s medical cannabis market finds itself at a critical moment, with patient counts rising and plant yield declining statewide. In November 2018, a state district judge issued a stern ruling that medical cannabis businesses should...

WIVB
A California company is asking for your help to bring a cannabis campus to Buffalo...

National Law Review
As more and more states continue to legalize cannabis for medicinal and/or recreational purposes, new issues are seemingly arising for landlords who wish to lease their property to businesses for the purpose of growing, manufacturing and/or selling cannabis...

CBS Miami
As lawmakers weigh changes to the state’s medical-marijuana laws, the Florida Department of Health has appealed a circuit judge’s ruling that struck down a limit on the number of dispensaries...

Civilized
Representation remains an ongoing concern in the legal cannabis industry, and those in positions of power are starting to take notice. Speaking during the US House Committee on Financial Services, Congresswoman Alexandria Ocasio-Cortez called out the race and gender disparities in the country’s legal cannabis states...

The Inquirer
Pennsylvania’s medical marijuana industry this week announced it would support the creation of an adult use cannabis program in the Keystone State. The Pennsylvania Cannabis Coalition, a network of current growers and dispensary owners, endorsed the idea...

Marijuana Moment
The governors of Connecticut and Illinois both said on Wednesday that legalizing marijuana should be a part of plans to generate revenue for their cash-strapped states...

California News

Visalia Times Delta
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. Now a local business group is suing the city, arguing that the new tax needed two-thirds of the vote—just over 66 percent— to pass...

Mondaq
The trend of states legalizing marijuana shows no signs of abating. As states continue to permit medicinal or recreational marijuana use, they are grappling with how to regulate the advertising, promotion, and marketing of marijuana products. California has finalized its own rules in these areas...

Circa
With the legalization of recreational cannabis in California also came the decriminalization of marijuana and an opportunity to expunge past records for its use...

North Coast Journal
California's Gov. Gavin Newsom made national news last week, announcing during his State of the State address that he would be withdrawing most of the state's National Guard troops along the U.S.-Mexico border...

Canadian News

Financial Post
Recently, the Alcohol and Gaming Commission of Ontario (AGCO) stated legal cannabis shops in the province will be prohibited from offering online retail options to consumers...

The Georgia Straight
The clock is ticking down, a hand hovers over the bell, a trainer is shouting “hang on! Just a few more seconds!” from the corner of the ring. Canada is in the throws of the first round of cannabis legalization...

Global News
Fire & Flower, a cannabis retailer based in Alberta, announced Tuesday that they have reached an agreement with one of the winning applicants to open a store on York Street in the Byward Market...

Growth Op
Government consultations on proposed regulations for edibles, extracts and topicals conclude today after two months of discussions, and many industry reps are decrying the suggested potency restrictions for edibles as being potentially harmful to the environment...

Global News
An alternative method of medication is now being offered in Winnipeg. Manitoba’s first physician-led medical marijuana clinic, CannaWay clinic, opens Wednesday on Kenaston Boulevard and Grant Avenue...