Marijuana Stocks & Public Companies

MassRoots makes it official: Dietrich out as CEO, Kveton in

MassRoots, the marijuana-centric Denver social media and technology giant, filed documents with the U.S. Securities and Exchange Commission Wednesday morning confirming the ouster of the company’s founder and CEO, Isaac Dietrich. In its Form 8-K filing, MassRoots also confirmed that it elevated a company vice president, Scott Kveton, to become the new CEO. Kveton had […]

Read More

Canada stock regulators clarify policy for MJ firms with U.S. assets

An umbrella organization for Canada’s securities regulators issued new guidelines requiring Canadian companies with marijuana-related activities in the United States to spell out the potential risks for investors. Among other things, company disclosures should note that marijuana remains illegal under U.S. federal law, the Canadian Securities Administrators (CSA) said in a special notice. The notice […]

Read More

Canadian MJ firms that do business in US could lose TSX stock listing

The parent company of Canada’s largest stock exchange said that marijuana companies that do business in the U.S. cannabis market could possibly be delisted. The TMX Group, parent of the Toronto Stock Exchange and the TSX Venture Exchange, issued a notice to listed companies that provided clarity regarding the application of its rules for companies in […]

Read More

MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger

By Omar Sacirbey

Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech firm, after the company’s board fired founder and CEO Isaac Dietrich.

The news already has triggered fallout for MassRoots: The Denver company’s planned $12 million acquisition of tech company CannaRegs has been scrapped.

Read More

AmeriCann gets $10M raise for Massachusetts MMJ project

Denver-based AmeriCann announced that it has secured $10 million in equity financing to help finalize the build-out of a massive Massachusetts medical cannabis cultivation operation. The financing, from Mountain States Capital, will be mostly used on the company’s “flagship project,” a 1 million-square-foot multi-building MMJ cultivation and processing center in Freetown, 47 miles south of […]

Read More

GW Pharma plans to expand marijuana operations in UK

One of the world’s biggest marijuanas companies – GW Phamaceuticals – is poised to get even bigger. The company announced that it’s planning an expansion in the United Kingdom, including the cultivation and processing of non-psychoactive cannabis, The Telegraph of London reported. GW Pharma’s plan stems from “anticipated demand” for a CBD-based drug, Sativex, designed […]

Read More

MassRoots acquires CannaRegs in $12 million stock deal

Cannabis social media platform MassRoots announced Wednesday it has acquired CannaRegs, a website dedicated to helping marijuana companies stay on top of ever-changing industry regulations. MassRoots – which trades on over-the-counter markets under the ticker symbol MSRT – purchased CannaRegs in a stock deal valued at roughly $12 million, according to a news release. CannaRegs is […]

Read More

Canadian cannabis stocks take hit after report

Shares of the five licensed cannabis companies that trade on the the Toronto Stock Exchange were down Friday after reports surfaced that it could become harder for investors to deal in the shares of Canadian marijuana firms with U.S. assets. According to the Globe and Mail, Canadian Depository for Securities (CDS) – a clearinghouse owned by the […]

Read More

Oregon marijuana testing company expands into Florida

Signal Bay – a marijuana-focused holding company in Bend, Oregon – has expanded its marijuana testing division to Florida through a licensing agreement with a Fort Lauderdale-based holding company, Kaycha Holdings. Through the agreement, Signal Bay subsidiary EVIO Labs will operate under the EVIO Labs brand, according to a news release. EVIO also has cannabis […]

Read More