Canopy Growth Corporation reports fourth quarter and fiscal 2019 results with annual sales of $226.3M Achieved annual net revenue growth of 191% to $226.3 million. Generated $140.5 million of gross revenue from new Canadian recreational channel and $78.9 million in global medical sales. Fourth quarter revenue growth of 13%... Read more
Researchers at the Ottawa Hospital Research Institute found that cannabis use during pregnancy may increase the risk of delivering the child early. The study, which was published Tuesday in the Journal of the American Medical Association, evaluated 661,617 pregnancies, among them 9,427 women who said they were cannabis users.... Read more
Here’s the latest proclamation to fan the flames over the country’s burgeoning marijuana legalization movement; a group of doctors published an op-ed in the Sunday New York Times advocating for the legal age of cannabis consumption to be raised to 25. Physicians Kenneth L. Davis and Mary Jeanne Kreek... Read more
Massachusetts Secretary of the Commonwealth William Galvin has issued a warning to potential cannabis industry investors to be wary of scams and unscrupulous operators after filing fraud charges against two entrepreneurs in the state. In an alert released by Galvin’s office, the secretary urged investors to approach offers for... Read more
Canopy Growth announces shareholder approval in connection with the proposed acquisition of Acreage & provides update on American hemp and CBD operations SMITHS FALLS, ON, June 19, 2019 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce that, at a... Read more
Organigram sends first shipment to Quebec; Organigram products now available in all ten provinces MONCTON, NB, June 20, 2019 /PRNewswire/ – Organigram Holdings Inc. (TSXV: OGI) (NASDAQ: OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that... Read more
Most of the investors who sat in the special-purpose acquisition corporation (SPAC) MTech Acquisition for more than a year before deciding they didn’t like the investment into MJ Freeway must be questioning their decision to abandon their investment this week. According to an SEC 8-K filing issued by Akerna... Read more
New York’s bid to legalize the adult use of cannabis is dead for the current legislative session, according to the bill’s primary sponsor. In a statement released Wednesday morning, Democratic Sen. Liz Krueger said that efforts to pass the Marijuana Regulation and Taxation Act (MRTA) had fallen short. “It... Read more
CannTrust Establishes U.S. Operations VAUGHAN, ON, June 19, 2019 /PRNewswire/ – Today, CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST), a federally regulated licensed producer of medical and recreational cannabis with more than 72,000 patients in Canada, announced that it is establishing operations in the United... Read more
Commissioned acres increase to 862 in 2019 from 300 in 2018 BOULDER, CO, June 19, 2019 /CNW/ – Charlotte’s Web Holdings, Inc. (“Charlotte’s Web” or the “Company”) (TSX:CWEB, OTCQX:CWBHF), the market leader in hemp CBD extract products, today reported final hemp planting for its 2019 growing season. In order... Read more
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