Stocks

The deal between Canopy Growth Corp (NYSE:CGC) (TSX:WEED) and Acreage Holdings, Inc. (CSE:ACRG.U) is contingent on the U.S. making cannabis legally federally. However, the deal could be dead in the water long before that happens.

Former Medmen CFO James Parker has made further allegations that not only is he owed a lot of money from MedMen but that the Company was also very aggressive in trying to drive up the price of its shares for the benefit of CEO Adam Bierman and other high-ranking executives.

Fire & Flower Holdings Corp (TSX-V:FAF) four cannabis retailers in the province of in Saskatchewan.

Canopy Growth Corp (NYSE:CGC)(TSX:WEED) expands reach into Europe with a $342.9 million acquisition of medical cannabis company C3, based in Germany C3.

Acreage Holdings Inc (CSE:ACRG.U) knows that its deal with Canopy Growth Corp (NYSE:CGC)(TSX:WEED) is complicated. That's why a FAQ section has been made available on its investor relations website to help investors understand more about the transaction.

Planet 13 Holdings Inc. (CSE:PLTH) released its year-end results on Tuesday and it also provided an update on the performance of its SuperStore.

Curaleaf Holdings, Inc. (CSE:CURA)(OTCQS:CURLF) acquires Cura Partners, Inc. for CAD $1.27 billion in what's the biggest deal in the U.S. thus far involving cannabis.

Sproutly Canada, Inc. (CSE:SPR)(OTCQB:SRUTF) has reached an agreement with Moosehead Breweries Limited to form a joint venture to work on developing and producing cannabis beverages.

Charlotte's Web Holdings, Inc. (CSE:CWEB) has brought on Adrienne Elsner as new the CEO to help ramp up its growth across the U.S.

Zenabis Global Inc (TSX-V:ZENA) announced it is partnering with a pharmaceutical company based out of Germany, Farmako. The two companies are going to be working together on a couple of initiatives, including selling CBD isolate oil in Canada along with selling cannabis to the German medical market.

Origin House Records Big $6.2 Million Loss Despite Impressive Sales Growth of Over 630%

Columbia Care Inc. (NEO:CCHW) launched on the NEO exchange, becoming the first cannabis company to list on the exchange with a market capitalization of more than a billion dollars.

Pot stocks are still in their early growth stages. And while sales are high, so too are expenses, which is not a good recipe for financial statements. Many companies are bleeding cash and are nowhere near profitability. However, that hasn't stopped the hype from carrying stocks to sky-high valuations and investors from getting into a frenzy about the growth prospects for the industry.

OrganiGram Holdings Inc (TSX-V:OGI) announced that it has completed an application to have its shares traded on the NASDAQ.

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) announced last week that its facility in Hamilton, Ontario received a license from Health Canada to sell cannabis oil.

The drama between Green Growth Brands Ltd (CSE:GGB) and Aphria Inc (NYSE:APHA)(TSX:APHA) has dragged on for far too long.

Aurora Cannabis Inc (NYSE:ACB)(TSX:ACB) announced it has entered into an agreement with EnWave Corporation (TSX-V:ENW) to use its Radiant Energy Vacuum (REV) technology.

Acreage Holdings Inc. (CSE:ACRG.U) is already benefiting from a deal that hasn't even gone through. Recently, we learned that Canopy Growth Corp (NYSE:CGC)(TSX:WEED) was going to acquire Acreage but that the purchase would be contingent on marijuana first being legalized federally in the U.S. While that seems like a long ways away, that doesn't mean it hasn't been yielding results for Acreage already.

Aurora Cannabis Inc (NYSE:ACB)(TSX:ACB) has caused issues with some of its neighbours regarding the smell that comes along with producing marijuana. And because Aurora Cannabis wants to be a good neighbour, it's working on trying to do what it can to minimize the impact.

Delta 9 Cannabis (TSX-V:NINE) reported its quarterly earnings late Monday night. Revenues of $5.27 million for the quarter were 17 times the total that The Company recorded a year ago of just $302,284. Not only did Delta 9 show significant sales growth from last year, but even from Q3, which didn't include a full quarter of recreational sales. Revenues were more than quadruple the $1.25 million that was generated in the previous quarter. There was tremendous growth in Delta 9's top line that's sure to continue as we see the industry continue to grow.

Cannabis investors have yet another option for a marijuana ETF. AdvisorShares Pure Cannabis ETF (NYSE Arca:YOLO) is actively managed and contains a mix of both U.S. and Canadian stocks. The ETF began trading last week on the NYSE Arca Exchange and as of yesterday held 23 different stocks.

Let's look at who the top five cannabis companies in terms of sales, and then relate that to their market caps to see which ones are more reasonably priced.

CannTrust Holdings Inc (NYSE:CTST)(TSX:TRST) released an update on Monday on how The Company did during its most recent quarter, which ended March 31.

Zenabis Global Inc (TSX-V:ZENA) announced on Monday that The Company had received conditional approval to move to the TSX from the Venture Exchange.

Aurora Cannabis Inc (NYSE:ACB)(TSX:ACB) is launching a new competition that will be sure to be a big hit with the cannabis industry and budtenders across the country. In what The Company is calling a 'national competition,' Aurora is searching for the 'Top Budmaster' in Canada.

Canopy Growth Corp (NYSE:CGC)(TSX:WEED) Co-CEO Bruce Linton never lacks confidence. His latest projection of where The Company is headed, however, might be a little much, even for him.