Industry update
Valens shares dropped 27 per cent this week despite the weed company turning a quarterly profit
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Mugglehead Investment Magazine
News
Cannabis
The troubled producer's market value has fallen below the required average closing price of US$1.00 per share over a consecutive 30 trading-day period
The weed wire
The U.S. cannabis operator attributed the sizable loss to regulatory issues that hampered eight store openings
The weed wire
The company's strong 2019 financial results further solidify its position as a money-maker in an otherwise contracting corporate sector
The weed wire
Investors remain cool as company stock price falls 10 cents
Enforcement
A company that reported Trulieve mislead investors is being sued for libel
Industry update
California-based ProVape says shipments of vape hardware products from China have dwindled to a "frightening number"
The weed wire
The company has made an agreement with the Insulators Local 95 Health & Welfare Trust Fund to supply union members with medical weed
The weed wire
Green Growth shares are down 32 per cent after the company also reported a US$34.8 million Q2 loss
The weed wire
Among interested non-cannabis users, Mintel's research shows two-thirds are interested in drinkables and edibles
