Marijuana Stocks & Public Companies

Report: Cannabis magazine High Times to go public

High Times Holding Corp., the company behind High Times Magazine and other assets, reportedly plans to go public in October, a move that would make it the first U.S. marijuana-focused company to list on the Nasdaq Stock Market. Private equity firm Oreva Capital bought a controlling stake in High Times in June and will sell […]

Read More

Cannabis social media platform MassRoots raises $1.2 million

MassRoots – a popular marijuana-focused social media platform based in Denver – has closed a $1,217,000 private placement of common stock and warrants. The transaction follows the company’s late-May report in a financial filing that it was running low on capital and would need to raise $5 million in the next year to stay in business. Chairman […]

Read More

Canadian cannabis grower to trade on Toronto Stock Exchange

Aurora Cannabis Inc. will become the fifth marijuana company on the Toronto Stock Exchange when its shares begin trading there Monday, the latest sign that Canadian MJ businesses are joining the mainstream. Vancouver-based Aurora joins Aphria, Canopy Growth, CanniMed Therapeutics and MedReleaf on the TSX, Canada’s largest exchange. The five companies have a combined market capitalization of over 4 […]

Read More

Canadian stock exchanges looking at US cannabis investment policies

Canadian marijuana executives and officials of two stock exchanges have been meeting about setting rules for investing in the U.S. cannabis sector. According to the Canadian Press, attorneys representing publicly traded cannabis producers said “there is an unwritten rule” that companies listed on the Toronto Stock Exchange – the nation’s largest – and its junior Venture Exchange […]

Read More

Billion-dollar fund manager plans MMJ investment trust

First Trust Portfolios, an Illinois-based fund manager that oversees more than $100 billion, has filed paperwork to establish an investment vehicle containing medical marijuana stocks. The move underscores how mainstream investment firms increasingly are targeting the cannabis industry. In a filing with the Security and Exchange Commission, First Trust spelled out its plans for a Medical Cannabis Portfolio […]

Read More

NASCAR says no to marijuana company’s logo on racer’s car

NASCAR ordered driver Carl Long’s team to remove a Colorado marijuana company’s logo from the hood of his car, saying it violated sponsorship and paint scheme regulations. The incident, which occurred at a track in Kansas City, Kansas, underscored the difficulties marijuana companies have encountered when trying to market their brands. Social media giants including Facebook and Instagram, […]

Read More

Marijuana REIT to invest up to $15M in Maryland cultivation site

Innovative Industrial Properties, a cannabis-focused real estate investment trust (REIT), said it has agreed to purchase a partially developed property in Capitol Heights, Maryland, and plans to invest up to $15 million in a medical cannabis cultivation facility there. The building on the site, once completed, is expected to total about 72,000 square feet. Based in San […]

Read More

US medical cannabis tech company plans to open China office

Net Savings Link Inc. said its cannabis division will open an office in Shanghai, China, next month to expand its medical marijuana technology business into the world’s most populous country. The company, based in Cresco, Pennsylvania, said in a news release it is moving into China because it sees a sizable opportunity there. China is the world’s […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More