Marijuana Stocks & Publicly Traded Cannabis Companies

Surterra partners with Intrexon in $100 million licensing cannabinoid deal

Surterra Wellness, an Atlanta-based cannabis company with operations in Florida and Texas, announced it will partner with Hungary’s Intrexon Corp. in a $100 million licensing deal aimed at biosynthetic cannabinoid production. Surterra would use Intrexon’s proprietary yeast fermentation platform to boost its cannabinoid production. Surterra is a privately held company; Intrexon trades on the Nasdaq […]

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Cannabis firm High Times going to court over Culture Magazine acquisition

High Times Holding Corp., the cannabis media group currently trying to raise funds for a potential stock exchange listing, is being sued by Southland Publishing over the sale of the latter’s Culture Magazine. Southland agreed for High Times to purchase the magazine a year ago but claims it has not received up to $4 million […]

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Merged cannabis firms MJ Freeway, MTech to begin trading on Nasdaq

Akerna, the newly formed marijuana company involving the merger of cannabis technology company MJ Freeway and MTech, a special purpose acquisition company, is to begin trading on the Nasdaq on June 18. MJ Freeway CEO Jessica Billingsley will lead the company, which will trade under the ticker KERN. The completed deal was to have closed […]

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MedMen opens its first Florida medical cannabis dispensary

Multistate operator MedMen on Friday announced the opening of its first Florida medical marijuana dispensary, in West Palm Beach – the first of 12 such planned storefronts in the state. The California-based company said in a news release it’s also planning upcoming Florida dispensaries in Orlando and Key West. MedMen could eventually open as many […]

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Dixie Brands to enter Oklahoma marijuana market through deal with Globus

Dixie Brands, a Denver-based consumer packaged goods company, said it is entering the Oklahoma medical cannabis market through a manufacturing and distribution agreement with Globus Holdings. Oklahoma marks the sixth state where Dixie has operations. The company trades on the Canadian Securities Exchange under the ticker symbol DIXI. There are roughly 130,000 medical marijuana patients in […]

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Report: CBD sales in the US to reach $7 billion by 2023 as investments surge

Financial firms are taking advantage of billions of dollars in business opportunities opened in the U.S. hemp industry by passage of the U.S. Farm Bill, according to a new report from MJBizDaily Investor Intelligence. Hemp firms raised more than $230 million in the first five months of the year, according to data included in Investment […]

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MedMen investors file to move lawsuit against cannabis firm into arbitration

After filing suit against MedMen in January alleging serious mismanagement and a breach of fiduciary duty – and asking a court for nearly $220 million in damages – two early investors in the California marijuana company announced this week they’ve withdrawn their lawsuit and are seeking arbitration. Daniel Petrocelli, attorney for plaintiffs Brent Cox and […]

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Marijuana firm Planet 13 signals entry into CA with $10M dispensary purchase

Plant 13, the Nevada cannabis company that operates what it calls the world’s largest dispensary, is entering the California market with a $10 million acquisition of a dispensary license and lease in the Orange County town of Santa Ana. The company will pay Newtonian Principles a combination of $6 million in cash and $4 million […]

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Cannabis oil firm PharmaCielo to buy Australia’s Creso Pharma for roughly $85M

Toronto-headquartered PharmaCielo agreed to purchase Creso Pharma, an Australian-traded cannabis oil producer, for 122 million Australian dollars ($85 million). PharmaCielo is the parent of PharmaCielo Colombia Holdings, a producer of medical cannabis oils in Colombia. Creso Pharma is a medical cannabis company specializing in the research, development and production of therapeutic, nutraceutical and animal health products, […]

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Lawsuit alleges cannabis packaging company KushCo misled investors

A group of shareholders filed a lawsuit against California-based KushCo, alleging that the company misled investors on the accounting behind a number of acquisitions, violating state and federal laws in the process. According to the court filing, KushCo “made false and/or misleading statements and/or failed to disclose that …. it made material accounting errors in […]

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