Marijuana Stocks & Public Companies

Toronto craft brewer, MedReleaf team up for ‘cannabis-inspired beer’

A Toronto craft brewer has partnered with one of the largest medical cannabis companies in Canada to create a “cannabis-inspired beer” in a project that could be the start of cross-industry collaboration on product development and branding in the nation. It’s the first time a Canadian licensed cannabis producer has worked with a local craft […]

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A $1 billion cannabis company? Recent deals shed light on marijuana valuations

Can the U.S. cannabis industry claim its first plant-touching “unicorn” – a company valued at $1 billion? Captor Capital, a Toronto-based investment firm, certainly thinks so. In January, Captor announced it entered into a nonbinding letter of intent to purchase 3% of the California-based cannabis management and investment firm MedMen Enterprises for $30 million. The […]

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Ontario set to lay out how it will procure marijuana for recreational sales

Licensed marijuana producers from across Canada are scheduled to sit down next week with Ontario government representatives to learn more details on how they can get their products in provincially owned MJ stores. With adult-use legalization in Canada looming this summer, Ontario will be the largest market for recreational cannabis. At Tuesday’s meeting, the Ontario […]

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New disclosure rules open door to fresh funding, M&As for Canadian cannabis companies in US

The flow of financing and acquisitions involving cross-border marijuana companies is expected to pick up after new risk-disclosure rules were unveiled last week that provide greater clarity for Canadian companies with U.S. operations, said analysts and executives. The updated requirements from the Canadian Securities Administrators (CSA) were anticipated after the regulatory group said in January it would […]

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Study looks to untangle ‘fundamentally confusing’ cannabis financial statements

A first-of-its-kind study focusing on the marijuana industry raises questions about financial reporting and accounting practices in the marijuana industry. The study looks to untangle certain aspects of the financial reporting process “that are fundamentally confusing to a retail investor,” making it hard to identify good companies, said Michael Miller, co-author and director of finance […]

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Amid Canadian cannabis stock meltdown, analysts warn against ‘panic selling’

As Canadian medical cannabis stocks plunge from their record highs, analysts say the volatility could dampen the mood for mergers and acquisitions and access to blazing capital markets for some companies – at least until stability sets in. Since peaking in early January, the Canadian Marijuana Index – representing 24 leading cannabis stocks – has tumbled 35%, wiping out 7 […]

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New York medical cannabis company sells for $18 million in cash, stock

The latest sale of a New York state medical marijuana business license is now a done deal. iAnthus Capital Holdings on Thursday completed the acquisition of Citiva Medical, one of 10 MMJ licensees in New York, for roughly $18 million, according to a news release. New York-based iAnthus paid $3.6 million in cash plus $14.4 […]

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Labeling error spurs Canada’s Aphria to recall medical cannabis

A licensed producer of medical marijuana in Ontario has recalled a small amount of dried marijuana due to a labeling error. Leamington, Ontario-based Aphria issued the voluntary recall for two lots of dried marijuana sold in 10-gram bottles produced between Jan. 19 and Jan. 22. The labels failed to include a percent sign next to […]

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California’s slow adoption of marijuana rules hampering Scotts Miracle-Gro sales

A slow start to implementing regulations for California’s recreational marijuana program has impeded sales of Scotts Miracle-Gro’s hydroponics division this year. Several factors have contributed to the Golden State’s sluggish cannabis rollout, including: A majority of localities are dragging their feet on developing rules. A slow conversion of the gray market to the legal sector. […]

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