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Canadian cannabis company warns about shady stock promotion

A small Canadian hemp cultivator is warning investors to be on the lookout for a “speculative” promotional email it says could be the cause of higher-than-average trading volume. The company – Toronto-based Two Hands Corp. – said it was unaware of the campaign promoting its company until it was notified by OTC Markets. Two Hands […]

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Aurora Cannabis exec: ‘Having a major presence in US is nonnegotiable’

Aurora Cannabis is vowing to not be a spectator as rival Canopy Growth continues to plow hundreds of millions of dollars into high-growth U.S. CBD and medical marijuana markets. Aurora CCO Cam Battley told Jefferies analyst Owen Bennett that the Alberta company is closely watching developments in the United States. “Having a major presence in […]

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Marijuana firm Cresco Labs posts Q4 revenue spike, 2018 profit

Chicago-based Cresco Labs’ revenue more than quadrupled during its fourth quarter, helping pave the company’s path to profitability in 2018. The multistate, vertically integrated company posted fourth-quarter revenue of $17 million – up 411% from the same period in 2017. Cresco said the increase was “driven by expansion into new markets and gains in market […]

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Sale of locally grown cannabis, exports in Denmark expected as soon as summer

Five companies in Denmark have applied for licenses to sell and export medical cannabis so far, putting the country on track to see its first cross-border shipment to key European Union markets as early as late summer. Authorization to sell medical cannabis products cultivated and produced in Denmark is going to be key to lowering […]

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White label cannabis products could play big role in Canada’s extracts market

Analysts anticipate that white label cannabis products – those manufactured by one company for branding and marketing by another – will play a key role in Canada’s cannabis extracts market, as companies look for ways to capitalize on the crucial segment without breaking the bank. Canada will allow the production and sale of marijuana edibles, extracts […]

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