Marijuana Stocks & Public Companies

Canadian cannabis companies bullish on US market, boosting cross-border acquisitions and deals

As marijuana companies across Canada brace for the historic rollout of the country’s recreational program next week, some businesses have their sights set on bigger opportunities they see coming in the United States. Canadian cannabis investment firms and holding companies are making multimillion-dollar bids on a range of U.S.-based cultivators, manufacturers and retailers already. Relatively […]

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Chart: Canadian cannabis companies’ market caps rise into the 11 figures

Limited supply and red-hot demand for investment opportunities in Canada’s marijuana industry have caused stock prices and market capitalizations for cannabis companies to surge ahead of legal adult-use sales later this month. Market capitalizations of some of these companies in the Great White North now rival – or have even eclipsed – those of more […]

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Cresco Labs closes $100 million raise, draws institutional investors to cannabis industry

Chicago-based marijuana firm Cresco Labs closed a $100 million funding round that attracted institutional investors, a notable milestone for cannabis finance in the United States. The raise represents the second-largest deal inked in the U.S. marijuana industry to date. New York-based Acreage Holdings’ $119 million raise in July holds the top spot for private funding […]

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IHeartMedia to invest up to $10 million in marijuana publisher High Times

The nation’s largest radio broadcaster, IHeartMedia, has agreed to invest up to $10 million in the publisher of High Times magazine, giving the marijuana company access to the media firm’s digital and radio advertising platforms. Under the deal, IHeart will commit $5 million-$10 million worth of advertising on the internet and radio – platforms High […]

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License suspension ‘stark reminder’ for Canadian marijuana companies

A licensed producer was suspended by Health Canada for the first time in four years, a sign that the government agency is keeping a closer eye on companies for potential violations ahead of this month’s launch of the nation’s recreational marijuana market. Health Canada notified Ontario-based Agrima Botanicals on Sept. 26 that it was suspending the […]

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CBD drugmaker GW Pharmaceuticals poised to raise $300 million

GW Pharmaceuticals is setting out to sell $300 million worth of U.S. depository shares. The London-based company’s announcement comes on the heels of the U.S. Drug Enforcement Administration’s move to take some cannabidiol products off the most restrictive class of controlled substances. That change will allow Epidiolex – a CBD drug manufactured by GW Pharmaceuticals to treat rare […]

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Cannabis tech firm Namaste poised to raise $45 million

Namaste Technologies says it’s on pace to raise $45 million in a bought-deal financing. The firm, which operates an e-commerce platform for cannabis products with more than 30 websites in 20 countries, entered into a letter of engagement under which Eight Capital has agreed to purchase – as co-lead underwriter and joint bookrunner with Canaccord Genuity Corp. […]

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Canadian cannabis firm Flowr debuts on TSX Venture Exchange

Shares of cannabis cultivator The Flowr Corp. have officially begun trading on the TSX Venture Exchange under the ticker symbol FLWR. The trading debut  follows Flowr’s recent raise of 36 million Canadian dollars ($27.7 million) and reverse takeover of a shell company previously listed on the exchange. The company has a license from Health Canada and agreements […]

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