Marijuana Stocks & Public Companies

Stocks & Public Company News

TerrAscend announces CA$52 million financing, Canopy partnership

A Mississauga, Ontario-based medical marijuana company is taking steps to raise 50 million Canadian dollars ($40 million) through a private placement of its securities to expand its existing facility and pursue strategic pharmaceutical assets. TerrAscend – traded on the Canadian Securities Exchange under the symbol TER – said in a news release that it entered […]

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Ex-MassRoots CEO makes move to oust board, current leadership

MassRoots founder and former CEO Isaac Dietrich on Monday filed paperwork with federal regulators to call for a special meeting and new shareholder vote, an attempt to force his way back into the company and dethrone the other board members who fired him last month. Dietrich – who owns 15.82% of the company’s outstanding stock […]

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Aurora to raise additional CA$100M for domestic, global growth

Aurora Cannabis has arranged a private placement of its securities to raise another 100 million Canadian dollars ($80 million), giving the Alberta producer a cash cushion totaling more than CA$340 million. The deal comes just two days after Aurora offered to acquire rival producer CanniMed Therapeutics for CA$544 million ($425 million) in stock. It’s unclear […]

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Canadian companies aim to create medical cannabis powerhouse in Latin America

Canadian companies hope to cultivate a medical marijuana juggernaut in Colombia by combining Toronto’s capital and technological expertise with the Latin American nation’s favorable climate and location. Industry executives said they plan to use Colombia as a springboard to serve Latin America’s 400-plus million people who live in nations where some form of marijuana is […]

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Aurora offers nearly CA$550M for rival as CanniMed seeks Newstrike

Merger mania is sweeping through Canada’s medical marijuana industry. Aurora Cannabis offered to acquire rival producer CanniMed Therapeutics for 544 million Canadian dollars ($425 million) in stock, a deal that would be the largest acquisition to date in the North American marijuana industry. If completed, the merger would create a global marijuana leader and could spark […]

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MassRoots’ net loss widens, but cash reserves grow

MassRoots saw its red ink double in the third quarter, though the cannabis-focused social media network’s cash reserves were substantially higher than the previous three-month period. According to the company’s latest quarterly filing with the Securities and Exchange Commission, MassRoots posted a $7.1 million net loss in the third quarter versus $3.5 million a year earlier. Revenue […]

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Cronos Group raises CA$17 million to fund R&D, boost marijuana production

Cronos Group has closed a stock deal that raised 17.2 million Canadian dollars ($13.5 million) to fund research and development, expand Canadian cannabis production capacity and develop distribution infrastructure. The deal brings to CA$90 the amount of capital the company has raised so far this year, including CA$40 million in debt, President and CEO Mike Gorenstein […]

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Failed deal, red ink, dwindling sales put MassRoots on the ropes

At one point, MassRoots was flying high, raising millions of dollars from investors and attempting to become the first cannabis company listed on the Nasdaq. Over the course of 2017, however, the marijuana-centric social media network has nosedived and now finds itself in a precarious position.

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Two Canadian marijuana producers look to raise CA$51 million

Two producers of medical marijuana, CannTrust Holdings and The Green Organic Dutchman Holdings, are taking separate steps to raise capital to fund the build-out of their production facilities to meet demand for MMJ and recreational cannabis. CannTrust entered into a stock-purchase agreement to raise at least 15 million Canadian dollars ($11.6 million) that it plans to […]

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Aurora gets medical marijuana cultivation license for Quebec site

Aurora Cannabis received a cultivation license from Health Canada for its 40,000-square-foot indoor facility in Pointe-Claire, making it only the second company to have a medical marijuana production license in Quebec. An executive told Marijuana Business Daily that production from the facility – called “Aurora Vie” – will be used to meet local and global […]

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Quebec’s Hydropothecary inks agreement to raise CA$60M

Hydropothecary Corp. reached a deal to raise at least 60 million Canadian dollars ($50 million) that it plans to put toward working capital and general corporate purposes. Under the so-called bought deal transaction, a group of underwriters has agreed to purchase 60,000 units of Hydropothecary convertible debentures. The convertible debentures can be turned into stock. Hydropothecary […]

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