Search: Cannabis

Aurora Cannabis: Another Day, Another Dilution

Aurora Cannabis (ACB) investors are a resilient lot. The Canadian cannabis producer is notorious for diluting its shares via cash raising efforts. The company has continually burnt a hole through its reserves, and the share count has ballooned over the years as it has attempted to put the fires out. Its latest move has involved another attempt to pad the…

420 with CNW — Cannabis Companies Ponder Best Approach for Giving Employees COVID-19 Vaccine

More than a year after the coronavirus pandemic emerged in Wuhan, China, and brought the world to its knees, scientists have successfully developed a COVID-19 vaccine. However, demand for the vaccine far outweighs the supply, forcing governments to implement vaccination programs in phases and vaccinate their populations based on urgency and priority. In the United States, essential workers are among…

Jushi Holdings Opens Fourth Illinois Cannabis Retail Store

Jushi Holdings Inc.’s BEYOND / HELLO to Open Its 14th Dispensary Nationally and Fourth in Illinois: BEYOND / HELLO™ Bloomington BEYOND / HELLO™ Bloomington to Begin Serving Adult-Use Cannabis Consumers on Jan. 26, 2021 BOCA RATON, Fla., Jan. 22, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a […] READ MORE:

What’s New With Cannabis Stocks for the Week Ending 01/22/21

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more. Summary November data in Canada and the U.S. showed year-over-year cannabis sales growth to be robust but slowing. Arizona adult-use sales commenced. Health Canada added 6 new licenses. 420 Investor model portfolios […] READ MORE:

1-gram Cannabis Flower Sales Fell in 2020 amid Pandemic, but Don’t Write off the Small Packet

Sales of 1-gram cannabis flower packages tumbled in multiple North American marijuana markets last year, likely related to consumers who shopped less often because of the COVID-19 pandemic but made larger purchases when visiting a dispensary. The shift away from 1-gram packages offers implications for both retailers and producers trying to keep up with shifting consumer preferences sparked by the pandemic.…

Here’s Why Aurora Cannabis Dropped Over 7% Today

Shares of Canadian cannabis grower Aurora Cannabis (NYSE: ACB) dropped today after the company announced a new share offering. Aurora announced that it will be issuing 12 million new shares, plus additional warrants to purchase shares. Aurora will use the $125 million in proceeds “for general corporate purposes, which may include opportunistically reducing debt.” READ MORE:

Canadian Cannabis Sales Increase 93% to C$261 Million in November

Statistics Canada released November retail sales for the country this morning, with cannabis sales growth decreasing sequentially and slowing from a year ago. Sales of C$261.4 million fell 3.2% from September and rose 93% from a year ago, down from a 109% year-over-year growth in the prior two months. Hifyre IQ had forecast sales of C$249 million based […] READ MORE:

UPDATE: Aurora Cannabis $125 million capital raise may not be enough if it’s serious about the U.S.: Jefferies analyst

Aurora Cannabis Inc.’s $125 million bought-deal financing is not surprising, but may not be enough for the Canadian company to establish a needed foothold in the U.S., Jefferies analyst Owen Bennett said Friday. “Following ACB’s recent business update and restructured credit facility, we flagged a risk of underinvestment,” Bennett wrote in a note to clients. Since that update, “US political…

420 with CNW — Incoming DNC Chair Could Be Pro-Cannabis Legalization

On Thursday, party leaders are expected to confirm former South Carolina Democratic Party Chair Jaime Harrison as the lead for the Democratic National Committee. If confirmed, Harrison, who is President Joe Biden’s preferred pick, will be responsible for coordinating national political activities for Democrats. The DNC is a strong supporter of cannabis legalization. Harrison had made a run for Senate…

420 with CNW — Colorado Cities Mull Legalizing Cannabis Delivery

Although the coronavirus pandemic devastated most industries and ground commerce to a near-complete standstill, the cannabis sector weathered the storm with relatively few losses. It was one of the few sectors deemed essential and allowed to continue operations amid lockdown orders, with cannabis businesses reporting month over month sales records for most of the year. To keep staff and customers,…

Aurora Cannabis Raises $125 Million at $10.50

Aurora Cannabis Inc. Announces US$125 Million Bought Deal Financing EDMONTON, Alberta, Jan. 21, 2021 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (“Aurora” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and ATB Capital Markets, under which the underwriters have agreed to […] READ MORE: