Marijuana Stocks & Public Companies

Cannabis-centric ETF begins trading on Toronto Stock Exchange

A marijuana exchange-traded fund – billed as the world’s first – began trading on the Toronto Stock Exchange on Wednesday, the latest sign the cannabis industry is becoming more of a mainstream sector. The newly launched Horizons Medical Marijuana Life Sciences ETF packages the stocks of 14 marijuana-related businesses into one security, CBC News reported. The Canadian […]

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Another Canadian medical cannabis producer goes public

Adding to a growing trend among licensed Canadian medical marijuana producers, Hydropothecary Corp. went public Tuesday. The Quebec-based company started trading on the TSX Venture Exchange after completing a reverse takeover with BFK Capital Corp. last week, the Financial Post reported. Hydropothecary shares opened at 1.82 Canadian dollars ($1.36) and closed at CA$1.55 ($1.16) on […]

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Aussie medical cannabis company raises AU$10 million

Australian medical marijuana firm MGC Pharmaceuticals raised 10 million Australian dollars ($7.7 million) to foster development of MMJ products and purchase other companies According to Business Insider Australia, the medical grade cannabis company will use the funds for clinical trials and research and development involving pharmaceutical-grade MMJ products. The company is also seeking acquisition prospects at […]

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Cannabis grow-equipment company completes $1M-plus raise

Another Denver-based company connected to the marijuana trade revealed this week it has completed a $1.65 million round of fundraising. GrowGeneration Corp., an ancillary business that specializes in gardening supplies for commercial and home grows, told the Denver Business Journal it secured the funds in equity financing from Merida Capital Partners, “a cannabis infrastructure fund.” […]

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Global standards group launches cannabis committee

ASTM International, a 119-year-old organization that develops voluntary standards for a long list of items ranging from children’s toys to aircraft, plans to add cannabis to that list. For the most part, the cannabis industry has lacked developed product standards. That could now change, another sign that cannabis is becoming more of a mainstream product. According to the Denver […]

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Investment company planning exchange-traded cannabis fund

ETF Managers Group, a New Jersey-based investment company, plans to launch an exchange-traded fund that would track publicly traded cannabis companies. The ETF Managers Group is proposing the Emerging AgroSphere ETF, which could be a first for the cannabis industry, Reuters reported. An exchange-traded fund owns and tracks certain assets and, unlike a mutual fund, can be traded […]

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MJ social media firm examines cross-listing on Canadian exchange

MassRoots CEO Isaac Dietrich revealed Monday during a shareholder conference call that the Denver-based social media company is exploring a public listing on a Canadian stock exchange. MassRoots currently trades on the over-the-counter market under the ticker symbol MSRT. Monday’s announcement follows the Denver company’s failed attempt to be listed on the Nasdaq Stock Market last […]

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Marijuana company’s new stock symbol: WEED

Investors can now buy and sell WEED on the Toronto Stock Exchange after Canopy Growth Corp., a major federally licensed cannabis cultivator in Smiths Falls, Ontario, changed its ticker symbol to the new, slangy version. The move comes after the company made history last summer when it became the first marijuana cultivator to list on […]

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Canadian company partners with AZ medical marijuana dispensaries

In what is a possible international first, a Canadian company has announced it will operate a pair of dispensaries in Arizona through a recently acquired management firm. The deal, which cost the Canadian Bioceutical Corp. $27 million dollars (CA$35.5 million), also gives the the company ownership of a natural health products company, CGX Life Sciences, as […]

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MassRoots receives $2M in proceeds from warrant exercise

MassRoots, the popular social network for cannabis enthusiasts, said it has received more than $2 million in cash from the exercise of warrants so far in 2017, providing additional financial stability to the once-wobbly Denver company. “This capital infusion will help us continue building momentum with the success we are having within the rapidly emerging legal […]

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Cannabis IPO raises CA$60 million

Licensed medical cannabis producer CanniMed Therapeutics completed an IPO Thursday, listing on the Toronto Stock Exchange and raising about 60 million Canadian dollars ($45 million). The company, based in the central Canadian province of Saskatchewan, sold five million shares for CA$12 per share, according to a press release. CanniMed is the second marijuana-touching company listed […]

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