Cannabis Deals Gone Bad
A big merger terminated, an IPO delayed and the first cannabis ETF down almost 60% in share price this past year, has the bloom fallen off the cannabis flower? [more]
A big merger terminated, an IPO delayed and the first cannabis ETF down almost 60% in share price this past year, has the bloom fallen off the cannabis flower? [more]
The U.S. House of Representatives passed the Safe Banking Act. The legislation now moves to the Republican-controlled Senate for a vote. The legislation would protect federally-regulated banks from prosecution for doing business with cannabis companies in states where cannabis is legal. [more]
Country after country are criticizing the e-cigarette regarding health concerns and increasing prevalence of vaping activities in minors. [more]
On September 17, 2019, Shopify announced expansion of its cannabis e-commerce platform to allow U.S. retailers to operate online sales of hemp and hemp-derived cannabinoid (“CBD”) products. [more]
Ontario only managed to generate C$19 million in tax revenue compared with Colorado’s US$250 million [more]
U.S. Youth Vaping Epidemic and Vaping-Related Deaths Cast Shadow as Canada set to Legalize Cannabis Extract Products [more]
This week, numerous U.S. cannabis operators released Q2/2019 earnings, with companies reporting impressive top-line growth but most still are struggling to turn a profit. [more]
Colorado reported US$1.5 billion in retail cannabis sales in 2018, compared with Canada which had only C$85.6 million of sales in May, annualized would equate to C$1.0 billion, for a population of 37.1 million – 6 times the size of Colorado! [more]
Canopy (NYSE: CGC; TSX: WEED) announced that it has received an extraction license from Health Canada for its KeyLeaf Life Sciences facility in Saskatchewan, which is expected to have an extraction capacity of 5,000 kilograms (kg) per day. [more]
On August 14, 2019, Canopy reported FQ1/2020 earnings, the first earnings report after the Company’s board terminated Bruce Linton, the previous CEO of the Company. [more]
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