Marijuana Business News

Synonyms: 
stocks
business
Wed
13
Mar

Buds & Duds: HEXO, Weekend Unlimited lead a surging cannabis sector

Cannabis stocks are having a good day Tuesday, as Wall Street rounded back into form. 

The Marijuana Index, which tracks leading cannabis securities in North America, rose 2.1% to 296.3.

Buds

HEXO Corp (NYSE:HXO) announced Tuesday that it became the first cannabis company to join the Food & Consumer Products of Canada, an association that represents companies that manufacture and distribute in Canada.

The Gatineau, Quebec-based company hopes that the membership will allow them more meetings with industry leaders and shape the business environment, the company said in a statement.

Wed
13
Mar

Marijuana growers see bullish price movement

There is no doubting the fact that the top of the charts in the marijuana stock market is filled with those who grow the plant. While this does make sense, we have seen a large amount of volatility sweep through this sector of the industry in recent months. The past week or so has seen its fair share of fluctuations as prices dropped along with the rest of the broader stock market. Now, we are seeing a complete turnover with companies moving back toward positive gains for intra-day trading.

Tue
12
Mar

BMO invests big in cannabis, shows growth in American banking sector

The Bank of Montreal (NYSE:BMO) is hitting 2019 hard, at least when it comes to the cannabis industry. BOM invested in three marijuana companies in the past three weeks, injecting over CA$100 million ($74.61 million) into an industry that is still dancing with legality in most parts of North America.

Tue
12
Mar

Aurora Cannabis completes sale of cannabis oils to German pharmacies

In another move to expand internationally, Alberta-based Aurora Cannabis Inc. (NYSE: ACB; TSX: ACB; Frankfurt: 21P) today began selling Pedanios 5/1 branded cannabis oils to pharmacies in Germany.

The move follows completion of several regulatory hurdles from both the German and Canadian sides. Following that announcement, Aurora’s stock was up just over 3% this morning.

Aurora’s Chief Global Business Development Officer Neil Belot commented on the company’s strategy behind moving into the German market with oil extracts:

Tue
12
Mar

Buds & Duds: Terra Tech leads cannabis stocks higher as US markets break losing streak

The cannabis sector rode the rising Wall Street tide on Monday.

The Marijuana Index, which tracks top cannabis stocks in North America, increased 1.9% to 285.4.

Buds

Valens GroWorks Corporation (CSE:VGW) (OTCMKTS:VGWCF) and The Green Organic Dutchman Holdings Ltd(TSX:TGOD) (OTCMKTS:TGODF) reached a multi-year agreement in which Valens will provide TGOD with cannabis and hemp extraction services, the companies announced Monday.

Tue
12
Mar

Aurora Cannabis just hit a dubious milestone

Last year, the marijuana industry broke so many barriers that it was easy to lose count. Aside from just ending nine decades of recreational marijuana prohibition in Canada, we also saw the U.S. Food and Drug Administration approve its very first cannabis-derived drug, witnessed the first cannabis initial public offering on the Nasdaq in July, and had Vermont legalize recreational weed entirely through the legislative process. All told, there were well over a dozen marijuana milestones in 2018.

Tue
12
Mar

5 influential companies in CBD-infused beverages

As consumer awareness around CBD continues to grow, cannabis companies are beginning to allocate an inordinate amount of investment capital into the development of CBD-infused beverages.

In this report, we explore some of the largest and most active companies preparing to make their mark on the dawning CBD-infused beverage market.

The Alkaline Water Company

The Alkaline Water Company (NASDAQ: WTER) (TSX-V: WTER), a leading producer of premium bottled alkaline drinking water sold under the brand name Alkaline88®, continues to gain momentum as it achieves record Q3 sales, boasting a 102% increase in revenue in comparison to last year.

Tue
12
Mar

Marijuana penny stocks shine green: TGOD and Lotus Ventures

Marijuana penny stocks are rebounding this morning, as most saw share losses towards the end of last week.

Today, we’ll be checking in on The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF) and Lotus Ventures (CSE:J) (OTC:LTTSF).

Tue
12
Mar

3 pot stocks under $2 that may surprise Wall Street

Big things are happening in the marijuana industry. Last October, Canada became the first industrialized country in the world, and only the second overall behind Uruguay, to legalize recreational weed. Now, it looks as if Mexico might become the third country to do so before the year is over. We're also seeing strong sales growth in legal U.S. states.

This year, according to a research report issued by Arcview Market Research and BDS Analytics, global cannabis sales are expected to grow by 38% to $16.9 billion. This continued rapid sales growth is why some top marijuana stocks, such as Canopy Growth, have managed to reach large-cap status.

Tue
12
Mar

Pot stock round-up: 4 of the best cannabis-related companies

TSX index investors looking for high-growth stocks to buy now for capital gains are still eyeing Canadian cannabis stocks as well as those tangentially connected with them.

But do these stocks still offer high growth or is the industry holding its breath? Let’s take a look at four of the most popular pure-play and cannabis-related stocks, starting with an industry outsider that joined the party last year to great fanfare.

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