Marijuana Stocks & Publicly Traded Cannabis Companies

Marijuana Business This Week: Honing IL legalization language, taking reservations in Massachusetts, hempseeds enter space & more

Here are some notable stories and events to watch for in the coming days: LEARNING THE LANGUAGE: Substantial language to incorporate into a bill legalizing adult-use marijuana in Illinois could come as early as Tuesday, according to one of its key proponents. In early April, an Illinois Senate panel advanced a placeholder legalization bill that […]

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Green Growth offer for Aphria cannabis group expires

Ohio-based marijuana group Green Growth Industries’ offer for Canadian producer Aphria has expired, ending the hostile takeover bid. Aphria, which trades as APHA on both the New York Stock Exchange and the Toronto Stock Exchange, consistently rejected Green Growth’s offer. For more details on the offer’s expiration, click here.

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$420M raise sets US cannabis industry record, Bank of America begins marijuana coverage, MedMen exec turnover & more of the week’s top MJ news

Vaporizer company Pax Labs boasts a record funding raise, Bank of America kicks off coverage of the marijuana sector, more MedMen execs bid the company adieu – plus other important news from around the cannabis industry. Pax sets record for U.S. cannabis firm raise Pax Labs, a San Francisco manufacturer of vape pens, raised $420 million, […]

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BNY Mellon involved in new marijuana NYSE fund

Bank of NY Mellon will act as custodian bank to a new cannabis-focused exchange traded fund (ETF), the first time a New York Stock Exchange marijuana-related fund has seen backing by a major bank. The AdvisorShares Pure Cannabis ETF, which will trade under the ticker symbol YOLO, will have 80% of its assets in companies that […]

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Sol Global to acquire Michigan cannabis group MCP Wellness for $150 million

Sol Global, a Toronto-based investment company focused on the cannabis industry, agreed to acquire Michigan-based MCP Wellness, which has licenses to operate retail and cultivation centers in the state. The acquisition of MCP Wellness, which is owned by private equity group Merida Capital Partners, is valued at $150 million. MCP holds licenses to operate two […]

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Marijuana firm Cresco Labs posts Q4 revenue spike, 2018 profit

Chicago-based Cresco Labs’ revenue more than quadrupled during its fourth quarter, helping pave the company’s path to profitability in 2018. The multistate, vertically integrated company posted fourth-quarter revenue of $17 million – up 411% from the same period in 2017. Cresco said the increase was “driven by expansion into new markets and gains in market […]

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Marijuana Business This Week: AG’s on the clock, bevy of legislation, medical MJ lottery, Harvest Health earnings & more

Here are some notable stories and events to watch for in the coming days: BARR DEADLINE: Wednesday is the deadline set by a group of senators for U.S. Attorney General William Barr to give them answers about increasing the number of federally authorized growers of marijuana for research purposes. In a letter sent to Barr earlier this […]

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Three executives resign from marijuana firm MedMen

California-based cannabis retailer MedMen is undergoing another round of executive turnover at the top levels of the company, and the most recent losses include the chief operating officer, general counsel and company spokesman. Chief Operating Officer Ben Cook and general counsel Lisa Sergi resigned, MedMen announced in a news release. Sergi also served as a member […]

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Acreage to buy Nevada cannabis company Deep Roots for $120 million

On the same day it announced it was being acquired by Canada’s Canopy Growth in a groundbreaking deal, New York-based marijuana firm Acreage Holdings unveiled it is buying Deep Roots, a vertically integrated cannabis company based in Nevada. The $120 million deal was secured through Acreage subsidiary High Street Capital Partners. Once all its current […]

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