Marijuana Stocks & Public Companies

Stocks & Public Company News

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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Week in Review: Detroit crackdown, NYSE listing bid & LSU proposes big bucks on MMJ

By Bart Schaneman, Omar Sacirbey and John Schroyer Detroit cracks down on dispensaries, a cannabis real estate investment trust eyes a Big Board listing, and Louisiana State University proposes spending millions on medical marijuana cultivation. Here’s a closer look at some notable developments in the marijuana industry over the past week.

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Australian MMJ company lists stock, which soars

An Australian developer of marijuana-based medicines that debuted on the Australian Securities Exchange Thursday saw its stock soar 38% above its offering price before settling in to close 30% above its listing price. The Sydney Morning Herald valued Creso Pharma at about $11.5 million Australian dollars (about $9.7 million). The company (CPH AX) listed on the ASX […]

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GW Pharma scuttles UK listing to trade on U.S. market

GW Pharmaceuticals, a high-flying biotech firm in the United Kingdom that is seeking U.S. regulatory approval for a CBD-based drug, has abandoned its U.K. stock market listing to instead trade exclusively in the United States. The firm announced it would ditch its Aim market listing this December, according to Britain’s Telegraph newspaper. A company executive […]

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Cannabis REIT files to be listed on NYSE

A cannabis-focused real estate investment trust has filed to list its shares on the New York Stock Exchange. If approved, it would be the first marijuana-related company to list on the Big Board. Innovative Industrial Properties, headquartered in San Diego but incorporated in Maryland, filed documents with the Securities and Exchange Commission on Monday saying it plans to sell […]

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Another Canadian MMJ cultivator plans to go public

Canadian medical cannabis producer Emblem is set to go public next month on the TSX Venture Exchange, the electronic exchange owned by the parent of the Toronto Stock Exchange. The Ontario company is the latest federally licensed medical marijuana cultivator to list its shares on an exchange, thanks to Canada’s legalized MMJ industry. Emblem President […]

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Cultivator Aurora Cannabis raises CA$25 million

Alberta, Canada-based medical marijuana cultivator Aurora Cannabis announced Tuesday that it plans to raise 25 million Canadian dollars ($19 million) in a private placement of convertible debentures. The debt instruments mature in two years and can be converted into shares priced at CA$2. Under the terms of the private placement, Aurora said in a press […]

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MassRoots pays off March debt of nearly $1M

MassRoots, the publicly traded cannabis-centric social media site, said Friday it has repaid its creditors after disclosing last month it had missed nearly $1 million in payments that were due to holders of its convertible notes. “We’re excited to have this debt fully repaid and behind us. We expect MassRoots will be cash-flow positive on […]

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