Marijuana Stocks & Public Companies

New disclosure rules open door to fresh funding, M&As for Canadian cannabis companies in US

The flow of financing and acquisitions involving cross-border marijuana companies is expected to pick up after new risk-disclosure rules were unveiled last week that provide greater clarity for Canadian companies with U.S. operations, said analysts and executives. The updated requirements from the Canadian Securities Administrators (CSA) were anticipated after the regulatory group said in January it would […]

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Study looks to untangle ‘fundamentally confusing’ cannabis financial statements

A first-of-its-kind study focusing on the marijuana industry raises questions about financial reporting and accounting practices in the marijuana industry. The study looks to untangle certain aspects of the financial reporting process “that are fundamentally confusing to a retail investor,” making it hard to identify good companies, said Michael Miller, co-author and director of finance […]

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Amid Canadian cannabis stock meltdown, analysts warn against ‘panic selling’

As Canadian medical cannabis stocks plunge from their record highs, analysts say the volatility could dampen the mood for mergers and acquisitions and access to blazing capital markets for some companies – at least until stability sets in. Since peaking in early January, the Canadian Marijuana Index – representing 24 leading cannabis stocks – has tumbled 35%, wiping out 7 […]

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New York medical cannabis company sells for $18 million in cash, stock

The latest sale of a New York state medical marijuana business license is now a done deal. iAnthus Capital Holdings on Thursday completed the acquisition of Citiva Medical, one of 10 MMJ licensees in New York, for roughly $18 million, according to a news release. New York-based iAnthus paid $3.6 million in cash plus $14.4 […]

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Labeling error spurs Canada’s Aphria to recall medical cannabis

A licensed producer of medical marijuana in Ontario has recalled a small amount of dried marijuana due to a labeling error. Leamington, Ontario-based Aphria issued the voluntary recall for two lots of dried marijuana sold in 10-gram bottles produced between Jan. 19 and Jan. 22. The labels failed to include a percent sign next to […]

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California’s slow adoption of marijuana rules hampering Scotts Miracle-Gro sales

A slow start to implementing regulations for California’s recreational marijuana program has impeded sales of Scotts Miracle-Gro’s hydroponics division this year. Several factors have contributed to the Golden State’s sluggish cannabis rollout, including: A majority of localities are dragging their feet on developing rules. A slow conversion of the gray market to the legal sector. […]

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Deloitte estimates windfall for Quebec from proposed cannabis facility

A massive marijuana production operation on the drawing board in Quebec could yield enormous financial benefits for the province if it’s fully built out, according to a preliminary economic assessment by accounting firm Deloitte. According to a news release, Vancouver, British Columbia-based MYM Nutraceuticals is planning infrastructure investments worth more than 220 million Canadian dollars […]

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High Times moves to raise $50M by selling shares at $11 each via IPO

The parent company of the longtime cannabis-centric publication High Times magazine has filed paperwork to raise $50 million by selling shares at $11 each. The initial public offering, disclosed in a filing with the Securities and Exchange Commission, reinforces that the magazine’s parent company still intends to obtain a listing on the Nasdaq if possible. The […]

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Two Canadian cannabis producers each raise CA$70 million

Canada’s licensed marijuana producers continue to raise capital at a record clip to fund overseas expansion plans and boost domestic production capacity ahead of legalization this summer. It took only 10 days for the country’s cannabis industry to reach nearly 1 billion Canadian dollars ($810 million) in funding this year, much faster than the seven […]

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Canadian producers no longer must store cannabis in bank-like vaults

Health Canada has introduced new security measures that could save early stage cultivation applicants hundreds of thousands of dollars and improve operational efficiencies for current producers, according to analysts. Effective immediately, marijuana producers will no longer be required to store their inventory in bank-like vaults, which can cost up to 500,000 Canadian dollars ($405,000). Instead, […]

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US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

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