Avaya Holdings Corp Breaks Through Resistance Level, Soars on Strong Q3 Results
Marijuana Business, Stocks, Finance, & Investing August 12, 2020 0
Avaya Stock Up 168% Since March Lows Some investors may see a big disconnect between the state of the U.S. economy and the soaring stock market, but some of the stock valuations are more justified than others. Avaya Holdings Corp (NYSE:AVYA) has seen its share price rise approximately 35% since... Read more
June was Colorado’s biggest marijuana sales month ever. July was likely bigger.
Marijuana Business, Stocks, Finance, & InvestingMedical Marijuana August 12, 2020 0
June marks the first month in Colorado history that recreational marijuana shops sold more than $150 million worth of products as cannabis consumption during the COVID-19 pandemic continues to set industry records. Recreational marijuana consumers spent $158,102,628 at Colorado shops in June, according to data from the Department of... Read more
As national USDA rules loom, industry ramps up pressure for changes or delay
FeaturedIndustrial Hemp NewsMarijuana Laws, Regulations, & Politics August 12, 2020 0
As the deadline approaches for implementing a single set of nationwide hemp-production rules, states and industry associations are pressuring the U.S. Department of Agriculture for a delay, warning the federal agency that several states won’t meet the deadline. But so far, the feds don’t seem inclined to budge. Nearly... Read more
Tilray revenue hit by lower recreational, medical cannabis sales
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics August 12, 2020 0
Nanaimo, British Columbia-based Tilray halved its net loss to $81.7 million for the second quarter ended June 30, a substantial improvement over the previous quarter’s $184.1 million deficit. However, the cannabis and hemp producer reported lower sequential revenue in most of its important categories. Tilray trades as TLRY on... Read more
Nevada plant breeder seeks bankruptcy protection, cites pandemic delays
Industrial Hemp NewsInternational NewsMarijuana Laws, Regulations, & Politics August 12, 2020 0
A Nevada hemp and marijuana breeder is looking for Chapter 11 bankruptcy protection, telling a federal court that COVID-19 shutdowns in Europe left the company unable to pay its debts. Pharmagreen Biotech in Carson City breeds cannabis clones – sometimes called liners, plantlets or young plants – for sale... Read more
