This weekly series from Marijuana Business Daily and Viridian Capital Advisors provides the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week ended Sept. 14, 2018. Capital raises key takeaways: Multistate cannabis retailer Have a […]
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Coca-Cola eyes CBD ‘functional wellness beverages’ as soda market cools
The Coca-Cola Co., the world’s largest beverage maker, is looking at a line of CBD beverages, the company confirmed Monday. “Along with many others in the beverage industry, we are closely watching the growth of nonpsychoactive CBD as an ingredient in functional wellness beverages around the world,” Coca-Cola spokesman Kent Landers said in a statement. “The space is […]
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Calgary looks to develop Canada’s first cannabis business hub
Alberta’s most populous city is throwing its doors open to the cannabis industry, designating part of a massive industrial park as a cannabis business “hub.” “We recognize the opportunity the cannabis industry provides for Alberta and Calgary to diversify its economy and want to collaborate and facilitate the growth of the industry here in our city,” said […]
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Pharma giant Bayer on cannabis: No decision ‘until we fully understand market’
Monsanto pulled its Health Canada-approved pesticide from the cannabis market months ahead of a planned merger with German company Bayer, but the pharmaceutical giant is not ruling out an eventual entry into the sector. Health Canada told Marijuana Business Daily that Monsanto – the manufacturer of Actinovate SP – requested cannabis be removed from the […]
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Weekly Deal Watch: Cannabis investing and M&A highlights (as of Sept. 7, 2018)
This is the first installment of a new weekly series from Marijuana Business Daily and Viridian Capital Advisors. Each week, we will provide you with the latest data on cannabis investment activity and M&A, along with key takeaways, analysis and trends based on recent market moves. The data below, provided by Viridian Capital Advisors, is through the week […]
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Cannabis legislation in Ontario expected in late September
Ontario’s Progressive Conservative government is expected to introduce legislation in late September to regulate the recreational cannabis industry, according to multiple sources with knowledge of the matter. The legislation could be introduced within days of the Sept. 24 start of the fall session. Last month, the new government reversed the previous provincial government’s commitment to […]
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US cannabis listings in Canada rise as investor interest spikes
A record number of U.S.-based marijuana companies are turning to Canada to fund aggressive expansion in the United States and globally. The companies, which face investment constraints in the United States, are being lured by Canada’s cannabis-friendly capital markets and a growing appetite among international investors for American MJ assets. So far this year, 17 […]
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Marlboro maker ‘evaluating opportunities’ in cannabis industry
Altria Group, one of the largest tobacco companies in North America, is assessing its market opportunities in the cannabis industry. The entry of Altria – owner of Marlboro maker Philip Morris USA and an investor in alcohol giant Anheuser-Busch InBev – would be another major milestone for the marijuana sector, coming on the heels of […]
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Capitalizing on the CBD surge.