Alcohol Distributor Constellation Brands Makes $4 Billion Cannabis Investment

Constellation Brands, the brewer of Corona beer and a major distributor for Svedka vodka, just invested nearly $4 billion (CAD $5 billion) into Canada’s Canopy Growth, Marketwatch reports. It is the largest investment ever in the cannabis industry. After news of the announcement broke, Canopy Growth — which is publicly listed on both the New York and […]

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High Times Sells Stock Direct to Investors

Using a new public offering exemption called “Regulation A,” High Times has started selling shares of its corporation direct to non-institutional investors, according to the magazine’s investor site. High Times has been trying to go public for more than a year. In a confusing series of announcements, the company has reportedly attempted multiple routes to listing […]

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Canadian Company Tilray Has First U.S. Cannabis IPO

Canadian cannabis producer and processor Tilray made history last week as the first cannabis company to hold an initial public offering on the U.S.-based Nasdaq stock exchange, according to a report from Fox Q13. Other Canadian cannabis companies have traded on U.S.-based stock exchanges — Tilray, however, is the first to do so with an […]

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MedMen to Buy Florida Cannabis Operator for $53M

California-based MedMen intends to buy a Florida medical cannabis operation from Treadwell Nursery in a deal worth $53 million, according to the Sun Sentinel. Treadwell, who operates in the cannabis space under the name “Remeny Wellness,” will be transferring its five-acre cultivation site in Eustis and the company’s right to operate up to 25 dispensary locations. MedMen […]

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MedMen Heads to Canadian Securities Exchange

MedMen, a U.S.-based medical cannabis company, is set to begin trading on the Canadian Securities Exchange today after acquiring Ladera Ventures Corp., an oil and gas shell company, the Financial Post reports. The company completed a $143 million raise before heading to the exchange and has an implied value of $2 billion, according to the […]

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Canopy Growth Reaches New York Stock Exchange

Canadian medical cannabis company Canopy Growth began trading on the New York Stock Exchange under the “CGC” symbol yesterday, but after opening as high as $32.00 in pre-market trading, shares dropped 6.66 percent to $28.20 by the market’s close. It’s the first cannabis company to list on the NYSE and Midas Letter notes that their […]

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Medical Cannabis Company with Colombian Operations Begins Trading on Canada’s TSX Venture Exchange

Canada-based medical cannabis company Khiron Life Sciences Corp begins trading on the TSX Venture Exchange today under the “KHRN” symbol. While the company is based in Canada, its core operations are in Colombia, where they were one of the first companies to receive a medical cannabis license in the Latin American nation. “We are pleased […]

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Canada’s Canopy Growth Applies for NYSE Listing

Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg News reports. If approved, it would become the first cannabis producer to trade on the exchange. CEO Bruce Linton said he planned to list on the Nasdaq earlier this year but that he pulled back […]

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Report: Colorado’s Dixie Brands Considering IPO in Canada

Denver, Colorado-based cannabis beverage maker Dixie Brands is considering launching an initial public offering and listing in Canada aiming toward expansion and acquisitions early next year, according to a Bloomberg report. Dixie CEO Chuck Smith said the company will have revenues of $20 million this year and anticipates revenues of $50 million next year. “We […]

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MedMen Proposes Reverse Takeover of Canadian Media Company to Access Stock Market

U.S. cannabis company MedMen has announced a proposed reverse takeover of OutdoorPartner Media, which would enable Medmen — a Los Angeles, California-based company — to trade on the Canadian Securities Exchange. MedMen is vertically integrated in three states, including Nevada, New York, and California, where it operates seven licensed retail dispensaries. The deal is worth […]

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Canadian MMJ Company Listed on U.S. NASDAQ

Toronto-based medical cannabis company Cronos Group is the first Canadian cannabis company to be listed on the U.S. NASDAQ, according to a Forbes report. The company holds 100 percent of two Canadian medical cannabis companies: Ontario’s Peace Naturals and British Columbia’s Original BC. The company also holds a 21.5 percent stake in Whistler Medical Marijuana […]

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Two Maricann Directors, Including Board Chairman, Resign Amid CSE Investigation

Canadian medical cannabis company Maricann Group Inc.’s chairman along with a board member have stepped down amidst a review by the Canadian Securities Exchange of its planned $70 million financing, the Canadian Press reports. The review has put the financing on hold – but it has not been terminated. The company has been advised orally […]

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Cannabis Stocks in US & Canada Rocked by Sessions Policy Change

Cannabis stocks in both the U.S. and Canada took at hit following the announcement by U.S. Attorney General Jeff Sessions that he was rescinding the Obama-era Cole Memo, which had allowed state-approved cannabis programs to proceed without federal interference. In the U.S, Scotts Miracle-Gro Co., which has recently expanded into plant nutrients and hydroponic growing systems, […]

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Aurora Stock Climbs on Domestic and European MMJ Success; Firm Buys More CanniMed Stock

Canadian medical cannabis company Aurora Cannabis Inc. saw a 10 percent increase in their stock price on Tuesday after announcing they had sold 354 kilograms (780.4 pounds) of cannabis in Canada and Germany in November. The stock, traded on Canada’s Toronto Stock Exchange, opened Tuesday at CA$10.75 and closed at CA$11.82. Aurora announced its domestic […]

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Exchange-Traded Cannabis Fund Sees Gains in Wake of California Legalization

The first cannabis exchange-traded fund on the New York Stock Exchange – Alternative Harvest ETF – gained more than 9 percent as California began legal sales, opening yesterday at $33.76 and closing at $35.57. According to a Forbes report, its Canadian counterpart, Horizons Marijuana Life Sciences, shot up 12 percent. Alternative Harvest ETF, which trades under […]

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Toronto Stock Exchange Could Delist Cannabis Companies with U.S. Interests

The Toronto Stock Exchange could delist, suspend, or halt trading for medical cannabis companies with investments in the U.S. because the operations are prohibited under federal law. In the Oct. 16 Notice to Issuers, regulators say while they are “aware” that some states have legalized cannabis for medical and adult use, “it is illegal under […]

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High Times Merger Sets Up NASDAQ IPO

High Times Holding Corp, the publishers of High Times magazine, has entered a definitive merger agreement with Origo Acquisition Corporation in an effort to bring the 43-year-old counterculture magazine public. The deal would see Origo acquire 100 percent of the equity of High Times in exchange for 23,474,178 newly-issued shares of Origo. At the time […]

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World’s First Cannabis ETF Launches on Toronto Stock Exchange

The world’s first cannabis-related exchange-traded fund began trading yesterday on the Toronto Stock Exchange. The Horizons Medical Marijuana Life Sciences ETF, which offers exposure to the performance of a basket of North American publicly listed life science firms and other companies with significant business activities in the cannabis industry, is being traded under the ticker […]

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Canadian Cannabis Legalization Task Force Issues Recommendations; Cannabis Stocks Jump

Canada’s Task Force on Cannabis Legalization and Regulation, appointed by the federal government to research legalization, has issued their report, which recommends 18 and older as the legal age to buy cannabis and a personal possession limit of 30 grams, the CBC reports. According to the Global News, most publicly traded cannabis companies’ stocks closed with […]

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Innovative Industrial Properties’ NYSE Trading Delayed

Trading for the first cannabis-related company to gain approval from the New York Stock Exchange has been delayed, according to a Forbes report. Innovative Industrial Properties, a real estate investment trust, planned to raise $175 million through an initial public offering but dropped that goal to $100 million. They also cut their number of shares, […]

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NYSE Approves IPO for Cannabis-Related Real Estate Investment Trust

The New York Stock Exchange has approved the initial public offering application of Innovative Industrial Properties, a real estate investment trust with medical cannabis property investment plans, making it the first cannabis-related company to be listed on the exchange, according to a Forbes report. It will be listed under the symbol IIPR. The company, which […]

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Fifth MMJ Company Will Begin Trading on the Australian Stock Exchange Tomorrow

Medical cannabis company Zelda Therapeutics will hit the Australian Stock Exchange tomorrow, according to a Proactive Investors report. Zelda will become the fifth medical cannabis company to be listed on the exchange, following a reverse takeover by Gleneagle Gold Ltd. The move comes after the U.S.-based medical cannabis group – Aunt Zelda’s – was spun off […]

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Nasdaq Denies MassRoots Application; Company Plans Appeal

The Nasdaq has denied the application of MassRoots, the social media platform designed for cannabis enthusiasts, to have its shares listed and traded on the stock exchange, according to a Denver Post report. MassRoots CEO Isaac Dietrich said he has asked for a written denial instead of voluntarily withdrawing the application and plans to appeal […]

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