Cronos Group Establishes New Growth Opportunity in the United States with Acquisition of Hemp-Based Products Platform TORONTO, Aug. 02, 2019 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“ Cronos Group ” or the “ Company ”) today announced that it has entered into a definitive agreement... Read more
After a 54.9% gain in Q1, the Canadian Cannabis LP Index gave up about half the gains in Q2. In July, following the surprise termination of Bruce Linton as co-CEO of Canopy Growth and then the shocking revelation that CannTrust broke Health Canada rules by growing cannabis in unlicensed rooms in... Read more
Aphria Inc. Announces 158% Increase in Adult-Use Sales and Profitable Fourth Quarter Reports Profitable Fourth Quarter Record Net Revenue of $128.6 Million, Up 75% from Prior Quarter Revenue for Adult-use Cannabis of $18.5 Million, Up 158% from Prior Quarter Provides Fiscal Year 2020 Outlook LEAMINGTON, ON, Aug. 1, 2019... Read more
Marijuana possession cases will no longer be prosecuted in Tallahassee, Florida and the surrounding area, according to a letter to law enforcement agencies from the State Attorney. The action was taken in response to the legalization of hemp in Florida earlier this year and at the federal level with... Read more
States with legal recreational and/or medical marijuana make up a sizable portion of the U.S. coastline. But the servicewomen and men tasked with safeguarding those coasts won’t be able to take advantage of the change in policy and public attitudes on cannabis. That’s because on July 30, the United... Read more
Sundial Announces Pricing of Upsized Initial Public Offering CALGARY, July 31, 2019 /CNW/ – Sundial Growers Inc. (“Sundial” or the “Company”) today announced the pricing of its upsized initial public offering of 11,000,000 common shares at a price to the public of US$13.00 per share. In addition, the underwriters... Read more
The American Cannabis Operator Index extended its post-March weakness again, declining almost 16% to 73.66: The index, which launched at the end of October with a value of 100, traded as low as 70.64 in late December after having reached a closing high of 124.16 in early November. It is now... Read more
Harvest Health & Recreation, Inc. Announces Preliminary Revenue for Second Quarter 2019 Company Expects to Report Pro Forma Consolidated Revenue of $75 to $77 Million PHOENIX, August 01, 2019–(BUSINESS WIRE)–Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) (“Harvest”), a vertically integrated cannabis company with one of the largest... Read more
First, it was approved by Utah voters. Then, it was advanced by lawmakers. But there are still plenty of concerns surrounding the state’s new medical marijuana law, prompting legislators there to consider tweaks before the program is fully implemented. Several counties in Utah have expressed concerns about distributing medical... Read more
Financial firm Innovation Shares announced earlier this month that it has launched the Cannabis ETF, a new exchange-traded fund for investing in the cannabis industry. The passively-managed ETF is now available to investors and is trading under the ticker symbol THCX. Matt Markiewicz, the managing director for Innovation Shares,... Read more
