Marijuana Stocks & Publicly Traded Cannabis Companies


MassRoots’ net loss widens, but cash reserves grow

MassRoots saw its red ink double in the third quarter, though the cannabis-focused social media network’s cash reserves were substantially higher than the previous three-month period. According to the company’s latest quarterly filing with the Securities and Exchange Commission, MassRoots posted a $7.1 million net loss in the third quarter versus $3.5 million a year earlier. Revenue […]

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Cronos Group raises CA$17 million to fund R&D, boost marijuana production

Cronos Group has closed a stock deal that raised 17.2 million Canadian dollars ($13.5 million) to fund research and development, expand Canadian cannabis production capacity and develop distribution infrastructure. The deal brings to CA$90 the amount of capital the company has raised so far this year, including CA$40 million in debt, President and CEO Mike Gorenstein […]

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Two Canadian marijuana producers look to raise CA$51 million

Two producers of medical marijuana, CannTrust Holdings and The Green Organic Dutchman Holdings, are taking separate steps to raise capital to fund the build-out of their production facilities to meet demand for MMJ and recreational cannabis. CannTrust entered into a stock-purchase agreement to raise at least 15 million Canadian dollars ($11.6 million) that it plans to […]

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Aurora gets medical marijuana cultivation license for Quebec site

Aurora Cannabis received a cultivation license from Health Canada for its 40,000-square-foot indoor facility in Pointe-Claire, making it only the second company to have a medical marijuana production license in Quebec. An executive told Marijuana Business Daily that production from the facility – called “Aurora Vie” – will be used to meet local and global […]

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Quebec’s Hydropothecary inks agreement to raise CA$60M

Hydropothecary Corp. reached a deal to raise at least 60 million Canadian dollars ($50 million) that it plans to put toward working capital and general corporate purposes. Under the so-called bought deal transaction, a group of underwriters has agreed to purchase 60,000 units of Hydropothecary convertible debentures. The convertible debentures can be turned into stock. Hydropothecary […]

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Marijuana women’s groups object to new MassRoots CEO

Leaders of two marijuana women’s groups are protesting MassRoots’ installment of Scott Kveton as CEO because of past sexual assault allegations, which the executive calls “false accusations.” Kveton’s hiring has also led to a new social media campaign aimed at raising awareness of sexual assault within the marijuana industry at large. Kyra Reed, founder of Women Entrepreneurs […]

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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 […]

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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 […]

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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 […]

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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.

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