News

Unilever (NYSE:UN) is a massive consumer goods company. It hasn't acquired a cannabis company and it's not about to start growing its own pot, but one of its subsidiary companies is looking to sell CBD-infused deodorant products

Canopy Growth Corp (TSX:WEED)(NYSE:CGC) joins the S&P/TSX 60. It's another big first for the cannabis industry as it continues to gain credibility among investors.

Trulieve Cannabis Corp (CSE:TRUL) released its fourth-quarter earnings on Wednesday, with sales for the quarter totalling more than $35.9 million, increasing by 172% year over year. For all of 2018, its sales were $103 million - five times what Trulieve recorded in 2017.

Oregon has a marijuana supply problem. According to a report from the Oregon Liquor Control Commission, updated on March 2, there is nearly 1.2 million pounds of marijuana inventory sitting in the State in what it calls "usable marijuana."

With more recent data, the Canadian Cannabis market forecast has been cut by BDS Analytics.

U.S. cannabis companies are at a big disadvantage to their Canadian counterparts when it comes to banking. The good news is that there is progress finally being made on the issue. Recently, the House Financial Services Committee voted in favor of passing a cannabis banking bill that would help reform the industry.

Aphria Inc (TSX:APHA)(NYSE:APHA) and Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) have been very active when it comes to international expansion. And now, the two companies will be able to compete head-on in the German cannabis market.

Marijuana bills across the US made significant progress in various parts of the country. Is more to come?

Orchid Ventures, Inc. (CSE:ORCD) is one of the newest pot stocks to hit the Canadian Securities Exchange (CSE). The California-based company began trading on the CSE on March 18 of this year. And in less than a month of being listed, the stock price has already risen by more than 70%. Is more to come?

Aurora Cannabs Inc (TSX:ACB)(NYSE:ACB) keeps adding high-profile individuals into the fold, with a focus on growth and partnerships.

Colorado Governor Jared Polis signed a bill that would allow medical marijuana use to be expanded to include autism as a qualifying medical condition.

Last week, Charlotte's Web Holdings, Inc. (CSE:CWEB)(OTCQX:CWBHF) released its year-end results, which continued to show a lot of growth. The Company's sales reached $21.5 million for the three months ending December 31. This is an increase in Charlotte's Web's top line by more than 70% from the previous year.

As marijuana legalization has progressed in many parts of the world, cannabis companies have been working feverishly to expand and gain first-mover advantages in many emerging markets, could expanding into Europe this early be a mistake?

When U.S. lawmakers passed the farm bill back in December which legalized cannabidiol (CBD) derived from hemp, they likely overlooked the problems that might stem from it. Not only does it cause confusion among consumers, but for authorities, telling the difference between hemp or illegal marijuana has become a big issue.

High Tide Inc. (CSE:HITI) released its first-quarter results on Monday which showed significant growth from where The Company was a year ago.

Ontario opens retail marijuana stores! Cannabis customers in the province have been waiting for this day for a long time and finally get to experience buying marijuana from a store.

Westleaf Inc (TSX-V:WL)(OTCQB:WSLFF) has launched an online e-commerce platform to help facilitate sales in Saskatchewan for its Prairie Records stores. The website, www.prairierecords.ca, gives customers the ability to buy cannabis, accessories and merchandise

We've seen a lot of wheeling and dealing in Canada when it comes to cannabis companies, but U.S. companies are getting in on the action as well. Cresco Labs (CSE:CL)(OTCQX:CRLBF) announced in a release today that it would be purchasing Origin House (CSE:OH)(OTCQX:ORHOF) in an all-stock deal valued at CAD $1.1 billion.

CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) released its fourth-quarter earnings results on Thursday, which fell short of investor expectations as the stock proceeded to fall off a cliff following the news. With the stock down around 20% since it released its results, lets take a look at why the quarter was so bad.

Sproutly Canada, Inc. (CSE:SPR) (OTC: SRUTF) has skyrocketed this week and was forced after it announced it has been negotiating with an unnamed beverage company to develop cannabis-infused drinks.

One way Canopy Growth Corp (TSX:WEED)(NYSE:CGC) has been able to help differentiate itself and grow its brand has been by adding some big names into the mix. This week, we learned of another big name that it's going to be working with: Seth Rogen.

Jelly Belly candies now has 38 new flavours that are infused with cannabidiol (CBD). Although the public has only recently learned about the new candies, Jelly Belly's founder David Klein says that they're already sold out. With a patent-pending formula that took two and a half years, it could be the next big thing in the edibles market.

Monday was supposed to be a big day for New Jersey in the bid to move marijuana legalization forward. However, that wasn't the case as a vote on a bill that was set to legalize recreational marijuana was called off as there was not enough support from the State's Senate.

With all the excitement surrounding the industry's growth, many companies have been popping up in the hopes of gaining market share. And that's left novice investors with too many options to choose from. If you're interested in investing in cannabis, a new US marijuana ETF is coming.

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) released its full-year results this past week as it is the latest Canadian cannabis company to reveal how it has performed since legalization.

As the cannabis industry continues to grow, so too does the demand for jobs. According to a report done by Leafly, which collects data on the cannabis industry, nearly 65,000 full-time jobs were created in the industry in 2018. And that number is only going to grow...

Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is continuing to grow in the retail market in whatever way that it can. This week, we learned that yet another one of the Ontario lottery winners will open a store under one of its brands. This time, Tokyo Smoke will be the brand that's used for a store on Yonge Street in Toronto.

With cannabis edibles, extracts, and topicals expected to be legal in Canada later this year, we take a look at some of the biggest names in cannabis extraction.

For all the hype that's been surrounding legalization in Canada, sales have slowed. Dried cannabis sales of 6,416 kg in October were impressive for a two-week period but that pace hasn't kept up. Here's a look.

Tilray, Inc (NASDAQ:TLRY) released its Q4 and full-year results on Monday. Here's a look at how it performed.

Recent research suggests that cannabis effects could be obtained from yeast itself. In what could prove to revolutionize the process, it's been found that Saccharomyces cerevisiae, which is found in yeast, can be turned into tetrahydrocannabinol (THC) or cannabidiol (CBD).

Even though marijuana may be permitted in one jurisdiction, it could still remain illegal in another. New York, for example, is looking at legalizing marijuana as Governor Cuomo has expressed an interest in doing so. The problem is that under Cuomo's plan, large cities and all counties would be able to decide whether they want to allow recreational marijuana or not.

Hexo Corp (TSX:HEXO) released its Q2 earnings this week in what the first full quarter of recreational sales. It was the first big test of the recreational market and it was definitely a big success. Sales of over $16 million dwarfed the $1 million in revenue that Hexo had earned a year ago. Even after excise, net revenues were still north of $13 million.

Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) got a big boost in share price when it announced that a big investor was going to join the company. Billionaire Nelson Peltz has been brought on as a strategic advisor to help "explore potential partnerships" while also advising on The Company's international expansion.

HEXO Corp (TSX:HEXO) is going to be acquiring Newstrike Brands Ltd. (TSX-V:HIP) in an all-stock deal valued at $263 million. It shouldn't come as a big surprise to investors as Newstrike was in talks last year with Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) but failed to come to terms on a deal.

With more retailers opening for business and the edibles market likely coming online this year, there's going to be many more growth opportunities. Here are some of the hottest cannabis stocks right now that are positioning themselves to take advantage of the fast-growing retail market.

Back in November of 2018, the State of Michigan officially opened for business when its first medical marijuana dispensary opened. Besides a slow first month where sales hit $7.1 million, the State has seen sales average over $11 million since then.

This past week, Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) got a boost in price when analysts at Cowen Inc., an investment bank in the U.S., said that Aurora was its top pick for the sector.

National Access Cannabis Corp. is one of the bigger retailers and earlier this week the Company provided an update on its operations. Since legalization back in October, National Access Cannabis Corp (NAC) has generated sales of more than $20 million through its retail network. Previously, The Company had said it had done a little over $10 million in the first 80 days, and now with 140 days gone by, that number has doubled.

MedMen Enterprises Inc (CSE:MMEN) released its year-end results at the end of February and while sales were good, it was still nowhere near profitable. During the second quarter, The Company recorded sales of nearly $30 million, which is almost 10 times the amount that it posted a year ago. For the past six months, revenues reached $51 million compared to $5 million in 2017.