Marijuana Stocks & Public Companies

Marijuana ETF alters back-office players after changes, questions over bank’s role

An exchange-traded fund that invests in marijuana companies is changing its custodian, administrator and transfer agent after major changes at the ETF and questions about a bank’s role in the investment vehicle. The $560 million ETFMG Alternative Harvest ETF – which trades under the symbol MJ – previously had U.S. Bancorp perform those duties. The bank […]

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Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 14, 2018)

This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week ended Sept. 14, 2018. Capital raises key takeaways:  Multistate cannabis retailer Have a […]

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Parent firm of marijuana mag High Times raises $5M, extends cutoff for $50M goal

The parent of California-based cannabis culture magazine High Times raised more than $5 million in its effort to go public, but that’s still short of the $17.2 million it needs to be listed on the Nasdaq and far from the $50 million it set out to raise. High Times Holding extended its fundraising deadline by more than a month to allow for more investment.

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Cannabis firm Tilray cuts ties with Namaste Technologies following pledge party

A reportedly racy shareholder party hosted by Namaste Technologies has cost the Toronto company its business ties with fast-growing cannabis producer Tilray.

Officials with Tilray confirmed in an email to Marijuana Business Daily that it had “ended its relationship” with Namaste after a highly publicized “pledge party” the firm held for stockholders who promised not to sell company shares for 90 days.

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Marijuana company Curaleaf looking for $4 billion valuation

Massachusetts-based Curaleaf, a vertically integrated cannabis company, is seeking a valuation of up to $4 billion. According to Bloomberg, the company entered into a reverse takeover when Canada’s Lead Ventures combined with PalliaTech in August and changed its name to Curaleaf. The company plans to offer subscription receipts – which can be exchanged for common […]

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Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

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Multistate cannabis retailer raises $25 million

Seattle-based marijuana retailer Have a Heart closed a $25 million series A funding round, money the company plans to use to continue its expansion. According to a news release, the investment came from backers with experience in the cannabis and technology industries. Here’s what you need to know: The business started in 2011 with five […]

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CannTrust, alcohol wholesaler partner for cannabis distribution in Canada

CannTrust – one of Canada’s leading purveyors of cannabis – inked a strategic partnership with Breakthru Beverage Group to establish a cannabis-focused sales brokerage company. The exclusive partnership will develop a route-to-market platform for CannTrust’s recreational cannabis products in Canada. The sales brokerage company will be a new subsidiary of Breakthru Beverage Group (BBG) and […]

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Pharma giant Bayer on cannabis: No decision ‘until we fully understand market’

Monsanto pulled its Health Canada-approved pesticide from the cannabis market months ahead of a planned merger with German company Bayer, but the pharmaceutical giant is not ruling out an eventual entry into the sector. Health Canada told Marijuana Business Daily that Monsanto – the manufacturer of Actinovate SP – requested cannabis be removed from the […]

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Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 7, 2018)

This is the first installment of a new weekly series from Marijuana Business Daily and Viridian Capital Advisors. Each week, we will provide you with the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week […]

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US marijuana company MJardin to go public in Canada via reverse takeover

Another notable U.S. marijuana company is completing a reverse takeover in Canada so it can go public north of the border. Denver-based MJardin – which operates cultivation, processing and retail facilities in North America and has an office in Toronto – plans to trade on the Canadian Securities Exchange (CSE) through a reverse takeover (RTO) of […]

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