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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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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Alcohol Distributor Constellation Brands Buys Stake in Canopy Growth

Constellation Brands, the U.S. distributor of Corona beer and Svedka vodka, has agreed to take a 9.9 percent stake in Canopy Growth Corp., a Canadian medical cannabis company, for about US$191 million (C$245 million) the company announced in a press release. The announcement comes less than one year after Constellation CEO Rob Sands told Ad […]

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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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Aurora Cannabis Graduates to Canada’s Flagship Stock Exchange

Aurora Cannabis Inc., a licensed medical cannabis supplier in Canada, has received conditional approval to graduate from the TSX Venture Exchange and list on the Toronto Stock Exchange. The advancement follows a series of recent development for the firm, including expansion into Germany, investments in Australia, and construction of their Aurora Sky cultivation facility – […]

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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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