R.J. Reynolds Claims Its ‘Vuse’ E-Cigarette is Safer Than Tobacco
FeaturedTrending Stories December 3, 2019 0
The e-cigarette industry has been hit hard by the recent outbreak of more than 2,300 cases of vaping-related illnesses and the 47 deaths connected to it. Companies like JUUL have halted advertising in the face of intense backlash and a handful of states have enacted temporary bans on flavored... Read more
Chicago Suburb Will Use Cannabis Tax For Reparations Fund For African Americans
FeaturedIllinoisTrending Stories December 3, 2019 0
Last week, city council members in Evanston, Illinois voted to use marijuana sales tax revenue towards a fund meant to provide reparations to its Black community. The city council voted 8 to 1 to institute a three percent tax on cannabis sales. The first $10 million generated over the... Read more
North Dakota Advisory Board Approves Pardons Of 26 People With Cannabis Convictions
FeaturedNorth DakotaTrending Stories December 3, 2019 0
BISMARCK, N.D. (AP) — North Dakota’s pardon advisory board took a significant step Wednesday in wiping criminal records clean for 26 people with low-level marijuana convictions, a first under a new policy aimed at fixing problems the records have caused for people trying to find jobs and housing. With... Read more
The Global Cannabis Stock Index Loses 12% in November Despite Mid-Month Bounce
FeaturedTrending Stories December 3, 2019 0
After beginning the year with a 57.4% gain in Q1, the Global Cannabis Stock Index moved sharply lower again in November, its eighth consecutive monthly decline, as it lost 12.0% to 41.74: The index, which had 44 qualifying members during the month following the quarterly rebalancing at the end of September,... Read more
TerrAscend Announces Agreement on Two Year Term Loan and Extension to Credit Facility
FeaturedTrending Stories December 3, 2019 0
TORONTO, Dec. 2, 2019 /CNW/ – TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (“TerrAscend”) the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced that it has (i) extended the maturity date of its US$75 million credit facility due December 18,... Read more
Aphria Inc. Announces $80 Million Financing Of Aphria Diamond Strengthens Balance Sheet in Support of Long-term Growth Objectives Without Dilution to Shareholders LEAMINGTON, ON, Dec. 2, 2019 /PRNewswire/ – Aphria Inc. (“Aphria” or the “Company”) (TSX: APHA and NYSE: APHA) announced that its subsidiary Aphria Diamond secured a credit... Read more
Canadian Cannabis Licensed Producer Index Sinks 16% in November
FeaturedTrending Stories December 2, 2019 0
Canadian licensed producers experienced another rough month in November, with the Canadian Cannabis LP Index falling 16.0% to 404.94, the eighth consecutive monthly loss: The index remains substantially below the all-time closing high of 1314.33 on September 25th a year ago, just ahead of Canadian legalization. It closed the month near... Read more
Indus Holdings, Inc. Reports Third Quarter 2019 Financial Results Vertically-integrated cannabis leader charts path to self-sustaining profitability with operational upgrades, managerial changes, and funding strategy SALINAS, Calif., Nov. 30, 2019 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (“Indus”) (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company, today announced its financial... Read more
Multi-State Cannabis Operators Report Strong Growth as Earnings Season Ends
FeaturedTrending Stories December 1, 2019 0
The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis stocks that generate industry sales of more than US$7.5 million per quarter. This data-driven, fact-based tracker will continually update based on new financial filings so that readers can stay up to... Read more
American Cannabis Operator Index Outperforms the Broad Sector Again
FeaturedTrending Stories December 1, 2019 0
The American Cannabis Operator Index fell again for the eighth consecutive month but managed to outperform the broader cannabis sector again, declining 6.9% to 44.22: In Q4, the index has declined 12.6% compared to a sharper drop in the Global Cannabis Stock Index, which has declined 21.9% on the back of... Read more