Marijuana Stocks & Publicly Traded Cannabis Companies

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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MassRoots, MJ Freeway team on menu pricing for dispensaries

MassRoots and MJ Freeway announced a partnership under which MJ Freeway’s technology will enable live online menu pricing for its dispensary clients via the MassRoots platform. The deal is similar to a recent one struck between MJ Freeway, a Denver-based seed-to-sale tracking company, and the online retail guide Weedmaps. “This partnership will enable seamless communications between MJ Freeway’s thousands of dispensary […]

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Marijuana-focused firm gets tepid response in NYSE debut

Innovative Industrial Properties became the first marijuana-related company Thursday to trade on the New York Stock Exchange, drawing a lukewarm reception from Wall Street investors. The cannabis-focused real estate investment trust (REIT) closed down 4.25%. Trading under the ticker symbol IIPR, it finished the day at $19.15 per share, or 85 cents below its initial offering price […]

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Cannabis REIT gets initial ‘yes’ for New York Stock Exchange listing

Innovative Industrial Properties, a cannabis-focused real estate investment trust, said it won preliminary approval to list its shares on the New York Stock Exchange, which would make it the first marijuana-related company to secure a Big Board listing. The company, headquartered in San Diego but incorporated in Maryland, had filed with the NYSE last month […]

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Helix TCS becomes largest single shareholder in MJ software firm

Colorado-based Helix TCS, which has been expanding its holdings in the marijuana trade, announced Monday it has become the largest shareholder in Florida-based BioTrackTHC, a longtime manufacturer and supplier of seed-to-sale cannabis tracking software. Specific terms of the deal were not disclosed. Helix and its capital partner, Rose Capital Advisors of Miami Beach, agreed to […]

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Zacks Investment: 4 best stocks to cash in on cannabis ‘green rush’

The decades-old Zacks Investment Research is recommending four “cannabis-related” companies – including some household names – for stock investors wanting to cash in on the so-called marijuana “green rush.” The stock research firm, founded in 1977, projects that Tuesday’s election will yield yes votes in several states where marijuana legalization initiatives are on the ballot. “This is reminiscent […]

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