Statistics Canada released updated numbers for its National Cannabis Survey, which looked at usage during the first quarter of 2019. Here are the key takeaways from the report.
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.
Las Vegas passes law to allow cannabis use inside lounges dedicated to smoking cannabis.
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.
Massachusetts opened its doors to recreational marijuana back in November and we learned this week that it has now reached more than $100 million in sales according to the Cannabis Control Commission.
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.
With concerns of another rollout potentially in danger of falling flat, the Cannabis Beverage Producers Alliances has been formed by cannabis and alcohol companies. The group includes both Molson Coors Canada (TSX:TPX.B) and Hexo Corp (TSX:HEXO), which are working together under a joint venture. A total of 10 companies are included in the Alliance.
Planet 13 Holdings Inc. (CSE:PLTH) has already been doing amazing since November when it launched its SuperStore location in Las Vegas. Sales have been rising each month and recently The Company even brought on Mike Tyson into the mix, selling products from his ranch on store shelves. This past weekend, on April 20, The Company announced it had its best day ever since opening the store.
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.
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.
MedMen Enterprises Inc (CSE:MMEN) is going through a lot of turmoil these days. Not only is The Company burning through lots of cash and is facing a lawsuit from its ex-CFO, but now it's seeing some important members of its team depart.
There is a big bill circulating the U.S. government that could have a big impact on the cannabis industry. The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act could lead to significant opportunities in the U.S. It could help open the door to more consolidation of U.S. and Canadian operations and lead to more mergers and acquisitions. Here are five companies to watch for if the bill passes.
April 20, aka 4/20, is coming up and one way cannabis enthusiasts can celebrate it is with a CBD-infused burger from fast-food chain Carl's Jr. According to the Company, it has enough supply to be able to sell at least 1,000 burgers containing CBD.
National Access Cannabis Corp (NAC) (TSX-V:META) released its second-quarter results on Tuesday. Sales for the company's first full quarter where the recreational market was open were significant, coming in at over $16.2 million. In the previous quarter, sales were $3.8 million for the three months ending November 30.
MedMen Enterprises Inc (CSE:MMEN) announces preliminary results for Q3 which included sales up until March 30.
On April 18, investors will have the opportunity to invest in a new marijuana ETF, the first that focuses on U.S. pot stocks.
As many as 212,000 medical marijuana patients are registered in the State of Florida. It is one of the biggest markets in the U.S. and it could have even more explosive growth if patients could have help in covering the cost of cannabis.
OrganiGram Holdings Inc (TSX-V:OGI) released its Q2 results on Monday. Net revenues of $26.9 million were about eight times the sales that The Company generated a year ago, which totalled just $3.4 million. However, despite the incredible sales growth, OrganiGram's bottom line finished in the red with a loss of $6.4 million compared to a profit of $1.2 million in the prior year.
The State of Colorado recently updated its sales numbers for cannabis, and they're continuing to slide. With $119 million in sales for February, it was the lowest month that the State had since February of last year when it earned $113 million. It was also the second consecutive month that total cannabis sales were down.
Mike Tyson launched his marijuana products with Nevada-based Plant 13 Holdings Inc (CSE:PLTH), where they would be the exclusive launch partner for his products in the State.
Aphria Inc (TSX:APHA)(NYSE:APHA) released its third-quarter results on Monday, showing significant growth for the quarter. For the period ending February 28, which included a full three months of the recreational market, net revenues reached just under $74 million. That's an increase of 617% from the prior year when sales were just $10 million.
Attorney General William Barr is taking a much softer stance on marijuana that Jeff Sessions ever did. While he might not be pushing for marijuana legalization, he's not happy with where things are now and would prefer to leave it up to individual States to make rules that work for them.





































