Daily Cannabis News Roundup | February 22, 2019

HighLights

Cronos Group
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) announced that at a Special Meeting held today, the Company’s shareholders [overwhelmingly] approved the previously announced strategic investment agreement with Altria Group, Inc...

Bloomberg
U.S. President Donald Trump will pay more attention to his administration’s steel and aluminum tariffs on Canada and Mexico once his re-election campaign draws nearer, according to another former presidential candidate....

Forbes
The increased legalization of cannabis worldwide has driven a corresponding growth in research and development. The industry has progressed from foundational products like marijuana flower, typically high in THC...

Marijuana Business Daily
Legal marijuana companies are cautiously welcoming California Gov. Gavin Newsom’s announcement that 150 National Guard troops will deploy to Northern California to “go after illegal cannabis farms,” but the news also is kindling fears in some industry circles of a renewed, government-led drug war...

Marijuana Business Daily
While the European Parliament’s approval of a resolution to develop a European strategy for medical cannabis was well received by industry stakeholders, the business effects of the move may be less rosy for a rapidly evolving industry...

Stocks

The Morning Blunt
US and Canadian cannabis stocks were mixed Thursday, after Canopy Growth issued a press release in the early morning indicating accounting errors in its most recent earnings report...

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...

Business Insider
The world's biggest stock bear has warned that the US stock market could plummet more than 50% from current levels, wiping out trillions of dollars of value. And while a bear market of that magnitude would be devastating for many, it could be favorable for marijuana supporters, according to a socionomics analyst...

News Wire
Alimentation Couche-Tard Inc. ("Alimentation-Couche-Tard") (TSX: ATD.A) (TSX: ATD.B) has entered into a multi-year agreement with Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NYSE: CGC)...

Zacks
The easing of rules and regulations on the once highly guarded drug, marijuana, for recreational and medical usage has led to consolidation in the pot industry, which is buzzing hot with a wave of mergers, acquisitions and other deals...

New Cannabis Ventures
Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) is pleased to announce that effective immediately, Mr, Darren Karasiuk...

Zacks
In the latest trading session, New Age Beverage Corporation (NBEV - Free Report) closed at $6.31, marking a -0.94% move from the previous day. This change lagged the S&P 500's daily loss of 0.35%...

Marijuana Business Daily
GW Pharmaceuticals, the British maker of epileptic seizure-control medication Epidiolex, said it was not aware of any supply issues related to the cannabis-derived drug after a tweet from a patient’s father complained he could not source the medicine...

Midas Letter
Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NEPT) (FRA:NTU) CEO Jim Hamilton shares his thoughts on the emerging CBD product space. Hamilton notes that CBD...

Benzinga
Shares of Zynerba Pharmaceuticals Inc ZYNE 5.09% — which specializes in developing transdermal cannabinoid therapies for rare and near-rare neuropsychiatric disorders — were trading in the green Thursday...

New Cannabis Ventures
iAnthus Capital Holdings, Inc. (“iAnthus”), (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States...

Street Insider
Seaport Global Securities analyst Brett Hundley initiates coverage on KushCo Holdings, Inc (OTC: KSHB) with a Buy rating and a price target of $10.00...

New Cannabis Ventures
Green Growth Brands, Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) is pleased to announce the opening of two new Seventh Sense CBD shops, located in Glenbrook Square...

News Wire
Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (GGB or the Company) today announced it will report results for Second Quarter 2019 ended December 31, 2018...

The Street
If retail investors want to get a glimpse of future stock offerings in cannabis, one way to do it is by seeing where venture capitalists or family offices in the space are putting their money now...

Globe News Wire
MediPharm Labs Corp. (TSXV: LABS) (OTCQB: MLCPF) (FSE:MLZ) (“MediPharm Labs”), a leader in specialized, research-driven cannabis extraction, distillation, purification and cannabinoid isolation, is pleased to announce that its wholly-owned subsidiary...

Market Watch
Green Thumb Industries Inc. (GTI) GTII, +37.76% (otcqx:GTBIF) has closed on the acquisition of For Success Holding Company, the Los Angeles-based creator of the lifestyle suite of Beboe branded cannabis products...

Market Watch
Medical Marijuana, Inc. MJNA, -2.60% the first-ever publicly traded cannabis company in the United States, subsidiary HempMeds® announced today that in January 2019 the company secured a partnership with major retailer Shopaholic Boutique...

Market Watch
Aleafia Health Inc. (ALEF) ALEAF, +6.70% (fra:ARAH) ("Aleafia Health" or the "Company"), has been named the TMX Group's 2019 TSX Venture 50 top performing company of the year amongst all 2,000 TSX Venture Exchange listed companies...

Market Watch
Aleafia Health Inc. (ALEF) ALEAF, +6.70% (fra:ARAH) ("Aleafia Health" or the "Company"), is providing an update regarding a press release ()Press Release") issued by an unrelated third party...

Midas Letter
Although Tier-1 Canadian licensed producers have been range bound over the past 3-4 weeks, not everyone has stood still. The weedstocks landscape is peppered with junior and mid-major that keep on running. Tonight, we highlight the sector’s ongoing and potential breakout performers in the space...

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 been...

Market Watch
Halo Labs Inc.("Halo" or the "Company")(neo:HALO) AGEEF, +17.33% (A9KN)is pleased to announce that OTC Markets Group Inc. has approved the trading of Halo Labs' shares on the OTCQB Venture Market...

Market Watch
Wayland Group Corp. (frankfurt:75M) (otcqb:MRRCF) ("Wayland" or the "Company") announces the following change to its Board of Directors...

Market Watch
Pomerantz LLP announces that a class action lawsuit has been filed against, Liberty Health Science Inc. ("Liberty" or the "Company") (otcmkts:LHSIF) and certain of its officers...

Market Watch
India Globalization Capital, Inc. (IGC)(pink:IGCC) announced today that it has successfully challenged NYSE American’s decision to delist the common stock of the Company from trading on the Exchange under the Exchange’s appeal procedures...

News Wire
CROP INFRASTRUCTURE CORP. (CSE: CROP) (OTC: CRXPF) (Frankfurt: 2FR) announced today it has signed an agreement with Antler Retail Inc., whereby Hempire and CROP will provide Antler with finished packaged goods under the Antler brand...

Proactive Investors
High Hampton Holdings Corp (CSE:HC) (OTCMKTS:HHPHF) is a Canadian-based cannabis sector investment company focused on California and aims to become a vertical integrator in the state’s legal ...

Cannabis Business Times
Harvest Health & Recreation Inc., a vertically integrated public cannabis company with one of the largest footprints in the U.S., has entered into a binding agreement providing for it to acquire six additional licenses in Arizona...

Marijuana Business Daily
Four longstanding cannabis shops in West Hollywood were granted a reprieve on Tuesday by city officials and will be allowed to remain open until the end of the year instead of being forced to close this summer...

Business

Cannabis Business Times
As the cannabis industry continues to evolve, businesses can fall into peril for many reasons, from compliance with ever-changing regulations to increased competition and plummeting market prices...

News Wire
FIGR, Inc. today released the results of the first-ever Atlantic Canada-focused consumer study gauging the opinions, behaviours, and concerns of Atlantic Canadians towards cannabis business and culture...

Marijuana Business Daily
Millennials might be a marijuana business’ bread and butter. But more and more adults who are middle-aged or older are starting to turn to cannabis for medical or adult use – and that underscores the need for companies in all aspects of...

Growth Op
Cannabis-related websites not only cracked GoDaddy Canada’s Top 10 list of industry verticals in 2018, but witnessed a 700 percent increase over the number of websites created with its website builder in 2017...

CPR News
Colorado used to be on top of the cannabis world. As legalization spreads both in the U.S. and abroad, a lack of investor capital here could be the industry’s undoing...

Global News

Mondaq
Increasingly, businesses in the UK are looking at entering into, or investing in, the legal cannabis industry, domestically or overseas. But the legal landscape is complex and in flux. BCL partner, John Binns explains the issues that will need to be considered to keep your business on the right side of the law...

New Cannabis Ventures
Greek authorities are currently considering twenty eight separate international investment proposals to grow both medical and industrial cannabis with a total project value of over 350 million euros...

News Wire
MYM Nutraceuticals Inc., (CSE: MYM) (OTCBB: MYMMF) ("MYM" or "The Company") is pleased to announce it has established MYM Australia Pty Ltd. in the Asia Pacific, with a head office on the Gold Coast...

Mondaq
Last month Parliament of Thailand had legalized marijuana-based products for Medical use and it was declared "The first South East Asian country" to legalize Marijuana. On 28th Jan 2019, Military government of Thailand suspended...

US News

Forbes
As New York inches closer toward legalizing pot, one group has been very vocal in their demands to get in on the action--bodega owners. Earlier this week, the United Bodegas of America held a press conference in which...

USA Today
Fourth-generation Oakland native Tucky Blunt grew up around weed. His grandmother used it. So did his parents and his friends...

Marijuana Moment
A New Hampshire House committee approved a bill to legalize and regulate marijuana in the state on Thursday. The legislation, which would allow adults 21 and older to possess, purchase and gift up to one...

Biz Journals
In a blog post on the dispensary’s website on Tuesday, Alternative Therapies Group said it could not sell adult use cannabis at its Salem dispensary because its inventory data had become...

USA Today
The second time was the charm for former Detroit Lions receiver Calvin Johnson to get preliminary approval for a Michigan medical marijuana license for a dispensary...

Mass Live
State marijuana regulators are counting on new home delivery companies to help bring social equity into the legal cannabis industry, by considering giving “equity” applicants and small businesses exclusive access to the initial licenses...

Marijuana Moment
New York Gov. Andrew Cuomo (D) took marijuana reform supporters by pleasant surprise when he endorsed legalization last year after previously calling cannabis a “gateway drug” that should remain prohibited...

The Hill
Former Rep. Carlos Curbelo (R-Fla.) will be a strategic advisor for the Cannabis Trade Federation (CTF), a nonprofit for cannabis education and advocacy in public policy...

California News

PR News Wire
Restalk Inc., a company focused on diversifying technologies and applications for cannabis bio-waste, has entered into a Letter of Intent with Circular Systems, a social purpose company focused on transforming food crop waste into high value fiber for textiles, paper, and many other industrial applications...

Globe News Wire
Doug’s Varin™-- a rare and highly sought-after cannabis formulation which contains the highest concentrations of THCV(tetrahydrocannabivarin)– is now available for sale in limited quantities at SPARC’s five dispensaries located in San Francisco, Santa Rosa and Sebastopol...

SB Sun
A real estate developer who touts herself as “California’s cannabis landlord” was arrested during a raid by San Bernardino police at her Pacific Palisades home, authorities confirmed Thursday...

KQED
Leaders in the cannabis industry say California’s recreational marijuana market is not working. On Thursday, a group of them sent Gov. Gavin Newsom's administration a list of recommendations on how to fix it...

Canadian News

Policy Options
Although it is still early days in the reform of Canada’s Senate, the success of an independent senator and his colleagues in sponsoring the Cannabis Act (Bill C-45) legalizing cannabis shows that non-partisan action on legislation and institutional change in Ottawa are both possible...

The Coast
Liz and Hannah are known to their customers as The Girls. On a Sunday afternoon, in their apartment in Halifax, they wear ladybug socks, stir candy cane hot chocolate and answer the door to conduct a mellow drug deal...

News Wire
Adding to their public awareness campaign on the unfair taxation of medical cannabis, Canadians for Fair Access to Medical Marijuana (CFAMM) are calling on the public to support medical cannabis users by signing the petition...

Science News

Huntington's Disease News
tMMJ-002, a cannabis investigational product for the treatment of Huntington’s disease, has been granted Orphan Drug designation by the U.S. Food and Drug Administration, announced its developer MMJ International Holdings...

Natural Products Insider
Since the passage of the 2018 Farm Bill, a flurry of new hemp extract or cannabidiol (CBD) products have hit the market. These new products reflect two major trends for the natural products community: increasing consumer demand and federal legalization of hemp and hemp extracts...

Civilized
Alex Berenson, author of the book Tell Your Children: The Truth About Marijuana, Mental Illness, and Violence, wants you to think that he's right about his alarmist views on cannabis...