Daily Cannabis News Roundup | January 24, 2019

HighLights

Market Watch
Stock markets have been resilient through the current partial government shutdown, with the S&P 500 index gaining nearly 10% since the standoff began Dec. 22…

Canadians spent $54M on cannabis in first month after legalization

The Ottawa- based agency added cannabis to standard monthly reports on retail sales as part of wider effort to update the nation’s economic accounts.

‘Would be surprised if Aphria exists in six months’: Purpose Investments’ Greg Taylor

Bloomberg
Greg Taylor, portfolio manager at Purpose Investments, joins BNN Bloomberg to weigh in on Green Growth Brands launching a formal takeover bid of Aphria. He doesn’t see a scenario where Aphria is not bought out…

Stocks

TOKERS & JOKERS | CANNABIS STOCKS ON THE DIP

The Morning Blunt
Wednesday US and Canadian cannabis stocks were broadly down Wednesday with only a few gainers making the board…

Why Tilray Stock Can Still Set Itself Apart From the Crowd

Investorplace
Even before the marijuana business is legal in most of the U.S., it’s consolidating. The financial frenzy continued Jan. 22 as Tilray (NASDAQ:TLRY), the first such company to launch a U.S. public offering, agreed to buy Natura Naturals Holdings for $52 million…

Aurora Cannabis Inc (TSE:ACB | NYSE:ACB) CCO Cam Battley Discusses Convertible Debenture; Dilution Unlikely

Midas Letter
Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) (FRA:21P) CCO Cam Battley shares details of the company’s just announced US $300 million convertible debenture…

Aphria Shareholders Await Competing Bids or Sweetened Green Growth Offer

Bloomberg
Two Aphria Inc. shareholders said they won’t tender to an unsolicited takeover bid from Green Growth Brands Inc. yet, betting on a competing bid or a sweetened offer for the pot producer…

News Wire
Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”) has launched the Horizons Equal Weight Canada REIT Index ETF (“HCRE”) and the Horizons Equal Weight Canada Banks Index ETF (“HEWB”)…

PR News Wire
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that it has entered into a credit agreement (the “Credit Agreement”) with Canadian Imperial Bank of Commerce…

News Wire
Active cannabis companies in the markets this week include Earth Science Tech, Inc. (OTC: ETST) , Tilray Inc. (NASDAQ: TLRY), New Age Beverages Corporation (NASDAQ: NBEV), The Alkaline Water Company Inc. (NASDAQ: WTER) (TSX-V: WTER), The Green Organic Dutchman Holdings Ltd.(OTC: TGODF) (TSX:TGOD).

Neptune Wellness Solutions Inc (TSE:NEPT) Granted Health Canada Licenses

Midas Letter
Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NEPT) (FRA:NTU) CEO Jim Hamilton discusses the company’s 2019 plans. Neptune received its Health Canada licenses in early January and is pushing ahead with commercialization…

Molson’s JV Partner Hexo Begins Trading On NYSE American

Benzinga
Trading on the NYSE American is likely to attract more investors to Hexo Corp. given the exchange’s more stringent requirements for companies, which could give investors more confidence in the stock…

Do Directors Own OrganiGram Holdings Inc. (CVE:OGI) Shares?

Simply Wall St.
Every investor in OrganiGram Holdings Inc. (CVE:OGI) should be aware of the most powerful shareholder groups. Generally speaking, as a company grows, institutions will increase their ownership…

CannTrust Holdings Inc (OTCMKTS:CNTTF) Is Today’s Cannabis Focus

Insider Financial
CannTrust Holdings Inc (OTCMKTS: CNTTF) has proven to be quite the cannabis runner for investors and traders. Over the past year, the stock has gone from $10 to $5 to $8 to $5 to $12 and to under $5 again…

Real Money | The Street
Northland Capital Markets initiated coverage on iAnthus Capital Holdings (ITHUF) with an Outperform rating and a C$9.50 price target…

News Wire
Origin House completes the previously-announced sale of 51% of its equity stake in Bodhi Research to Green Relief for proceeds of $1.74 million, representing a 1265% return on investment…

Buy Trulieve Cannabis for a big return: Beacon Securities

Cantech Letter
Expect a catalyst-rich first half of 2019 for Trulieve Cannabis Corp(Trulieve Cannabis Corp Stock Quote, Chart CSE:TRUL), according to analyst Russell Stanley of Beacon Securities…

The big money flowing into the cannabis industry

Fox Business
Jan. 23, 2019 – 2:57 – Canndescent CEO Adrian Sedlin on the company’s efforts to raise $100 million and the outlook for the cannabis sector…

FSD Pharma Strengthens Drug Development with GW Executive

Investing News
FSD Pharma (CSE:HUGE,OTCQB:FSDDF,FRA:0K9) may have a big focus on cannabis but, as of late, the company is gearing up to bring its products to the pharmaceutical market…

FSD Pharma aims to have the world’s largest hydroponic indoor cannabis production and processing facility

Proactive Investors
FSD Pharma’s joint venture partner in the project is Auxly Cannabis Group (CVE:XLY), formerly Cannabis Wheaton Income Corp, which is retrofitting the facility…

Delving into the Earnings & Quant Data Behind Auxly Cannabis Group Inc. (TSXV:XLY), Bufab AB (publ) (OM:BUFAB)

Lake Norman Review
The EBITDA Yield for Auxly Cannabis Group Inc. (TSXV:XLY) is -0.092195. The EBITDA Yield is a great way to determine a company’s profitability. ..

News Wire
Hempco Food and Fiber Inc. (TSX.V: HEMP) (“Hempco®” or the “Company”) is pleased to announce Q1 2019 results for the period ending November 30, 2018…

Business Wire
Halo Labs Inc. (“Halo” or the “Company”) (NEO:HALO, OTC:AGEEF) is pleased to announce that the company will be launching DabTabs™, a revolutionary new product that will alter the way cannabis consumers use cannabis concentrates or oils…

Business

 

Globe & Mail
The pace of mergers and acquisitions in the Canadian cannabis industry is expected to intensify this year, possibly eclipsing initial public offerings as the sector begins to mature…

Bloomberg
Cannabis executives and former politicians will gather to discuss the pot industry at the World Economic Forum in Davos, Switzerland. Bloomberg Opinion columnist Brooke Sutherland reports on “Bloomberg Markets: The Open…

Nearly Half of NJ CPAs Say Legalizing Adult-Use Marijuana Would Help the Economy

Governor Murphy renewed his call for legalizing adult-use marijuana in his … Currently, New Jersey prohibits recreational adult-use marijuana, but …

3 Key Challenges Cannabis Beverage Manufacturers Must Overcome

When extracted from cannabis or hemp using conventional methods, cannabinoids like THC and CBD are fat soluble. What this means is they do not …

Canada’s chronic shortage of legal cannabis expected to drag out for years

“If it was just the current product set, I’d say a year to 18 months,” said Chuck Rifici, CEO of the Toronto-based cannabis company Auxly. “But because …

Cannabis Cafes Are Coming

Seattle is dealing with a similar problem — it’s legal to buy cannabis but … In California, San Francisco currently has the most cannabis lounges, but …

Global News

Israel cabinet expected to approve medical cannabis exports

JERUSALEM (Reuters) – Israel’s cabinet is set to approve a long-awaited law to allow exports of medical cannabis, the Finance Ministry said on …

Thai Gov’t Pharmaceutical Organization aims to start producing cannabis oil by mid-Feb

… overseeing Thailand’s legalization of medical marijuana — has announced their plans to start planting this February in order to extract cannabis oil …

US News

Marijuana growers: Cannabis Control Commission should be allowed to regulate municipal marijuana agreements

Mass Live
An advocacy group for Massachusetts marijuana growers has taken the first step toward asking the courts to give the Cannabis Control Commission authority to regulate host community agreements signed between municipalities and marijuana shops…

Cannabis Activists Want to Change Employer and Newborn Drug Testing

Led by the Colorado and Denver chapters of the National Organization for the Reform of Marijuana Laws, many pot supporters will be there all day in …

Cannabis officials: Nearly $24M in legal pot sales in first 2 months

WCVB Boston15 hours ago
Pot shops in Massachusetts have racked up nearly $24 million in sales since the first ones opened two months ago. That’s according to the …

Cannabis Compliance Board new for Nevada

CARSON CITY, Nev (KOLO) During its first year of business the cannabis industry here in Nevada generated nearly $70,000,000 in tax revenue.

Michigan Should Stop Untested Medical Marijuana Sales, State-Licensed Labs Say

Michigan Live
Last week Bureau of Marijuana Regulation officials decided to allow a number of unlicensed provisioning centers to temporarily reopen, and to allow …

Oklahoma Senator Proposes Bill to Allow Counties to Decide on Medical Marijuana Legalization

Sen. Casey Murdock has filed a bill that would allow counties to decide whether or not the measure legalizing medical marijuana applies to their area.

California News

Cannabis Labs Were Thrilled to Say Farewell to the Challenges of 2018

L.A. Weekly13 hours ago
The trials encountered by the cannabis lab testing industry in 2018 were notable as it adapted to new regulations. We got the take from the labs …

Cannabis Payment Processor PayQwick Sued by Investor for Alleged Fraud

Per the Complaint, PayQwick provides financial services to cash-based cannabis related businesses. PayQwick, through Keith Marks and Kenneth …

Tomato Paste Capital Of The Country Expects $3.4 Million A Year From This New Cannabis Deal

Williams, California is a small town of 5,400 people 50-miles north of Sacramento where denizens are employed by the world’s largest tomato factory, …

California Regulator Approves Trackloop as First and Only Vendor for Refrigerated Supply Chain Tracking

PR News Wire
Trackloop Analytics Corp. (“Trackloop” or the “Company”) (Canadian Securities Exchange: TOOL), (FRANKFURT: B2IP), (OTCPK: TLOOF) is pleased to announce that it has become a verified California METRC software vendor, with its fully functional…

Eaze Delivers Vital New Data on California’s Cannabis Industry

Eaze, a company known for their cannabis delivery service throughout California, has just released new data derived from their database of 450,000 …

Lucky Box plans cannabis golf tournament as City Council debates approval process for cannabis …

Lucky Box is one of only five state cannabis event license holders in Sacramento, according to CaliforniaBureau of Cannabis Control records.

Santa Cruz attorneys form cannabis law firm

Cannabis advocacy nonprofit NORML maintains a database listing dozens of California attorneys who have expertise in the area, and larger law firms …

Canadian News

SQDC sells $40 million in cannabis so far, but not yet profitable

SQDC president Jean-François Bergeron estimates this amounts to 35 per cent of legal cannabis sold in the country by weight.

Quebec’s cannabis agency cuts back expansion plans amid shortages

MONTREAL — Quebec’s cannabis agency generated about $40 million of sales in its first three months of operation, but supply shortages are forcing …

Cannabis use up almost four percent to 19.4 percent in 2017: CAMH

The 18- to 29-year-old age age group is more likely than other age groups to report problematic use of alcohol, cannabis use and e-cigarette use.

Kyla Ford Promotes Black Market Cannabis Oils On Instagram

Huffington Post
TORONTO — Kyla Ford, the daughter of Ontario Premier Doug Ford, has promoted cannabis products on Instagram that are sold illegally…

Science News

Potential Contaminants in CBD and THC Oils

News Medical Life Sciences
Cannabidiol (CBD) was initially discovered as a medication to treat Dravet syndrome, but is now used extensively to treat several medical and lifestyle disorders…

Medlab Clinical takes EMA and FDA approval track as cannabis research continues

Proactive Investors
Medlab Clinical Ltd (ASX:MDC) is commercialising a therapeutics pipeline with four strategic pillars as the cannabis drug developer aims to help patients with diagnosed chronic diseases…

Using Cannabis Science to Build Customer Trust: Q&A With Andrea Sparr-Jaswa

Cannabis Business Times: What’s the biggest misconception consumers and … No drugs are, but cannabis is a uniquely polypharmaceutical plant that …

Cannabis company focuses on research, science and developing non-cannabis medical …

“We want to provide cannabis in a reliable, standard dose so you get the same effect the first dose, second dose, third dose,” explains Jade Beutler, …