Marijuana Stocks & Publicly Traded Cannabis Companies

CEO of DionyMed cannabis company leaves amid possible default

Toronto-based DionyMed, a multistate marijuana brands operator, is under pressure after key executives stepped down amid a possible credit default. CEO Edward Fields and Mark Zinselmeier, the chief operating officer, resigned from the company, which has businesses in states including California and Nevada. DionyMed received a notice of default under an existing credit agreement demanding […]

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Ontario marijuana company Aphria reports another profitable quarter

Canadian cannabis producer Aphria said it earned 16.4 million Canadian dollars ($12.1 million) in net income in its latest quarter, a 28% decrease from a CA$21.2 million net income the Ontario company recorded in the same quarter last year. It was Aphria’s second consecutive profitable quarter, and the results sent the company’s stock up sharply. […]

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Will Illinois change the social equity landscape for the marijuana industry?

Illinois is set to open recreational cannabis dispensaries Jan. 1 after becoming the first state in the nation to officially legalize adult-use marijuana via its Legislature in June – and the marijuana industry will be watching carefully for several reasons, including the program’s significant social equity component. Industry sources say Illinois’ marijuana companies are at the […]

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‘Groundbreaking’: 48North’s purchase of US cannabis company signals major shift by TSX Venture Exchange

The TSX Venture Exchange (TSXV) appears to be easing its opposition toward Canadian cannabis companies buying U.S. marijuana businesses. The move would mark a major shift for the Canadian exchange and could open the door to more cross-border acquisitions – provided the deals meet strict conditions. The apparent change in stance comes after a Canadian […]

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Canopy cannabis woes drives huge loss at alcohol giant Constellation

Constellation Brands, the New York-state based alcohol giant, on Thursday reported a net loss of $525.2 million in its most recent quarter, with most of the loss coming from its 38% stake in cannabis company, Canopy Growth. The red ink underscores the uncertainties mainstream companies face when partnering with a business involved in the emerging […]

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Tilt Holdings founders to forfeit stock options with cannabis firm

Tilt Holdings, a Massachusetts-based marijuana company, said it reached an agreement with six of its founders to forfeit their stock options. The company said approximately 60 million options were forfeited. The options were associated with more than $47 million of expenses during the second quarter of Tilt’s fiscal 2019. Tilt reported a net loss of […]

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Cresco Labs to sell marijuana facilities to REIT for $46.3M under leaseback deal

Chicago-based Cresco Labs will sell two cultivation and processing facilities in Illinois to Innovative Industrial Properties, a real estate investment trust company (REIT), for $46.3 million as the multistate operator prepares for a “significant increase in demand” when recreational marijuana sales become legal in the state Jan. 1. The facilities, which will continue to be […]

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Marijuana compliance firm Akerna reports increased revenue, higher losses

Denver-based Akerna, a cannabis technology compliance provider, on Monday reported revenue of approximately $11 million for its fiscal year. The revenue figure for its fiscal year ended June 30 was 4.2% higher during the same period in 2018. Net loss for fiscal 2019 totaled $12.3 million compared with a net loss in fiscal 2018 of […]

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