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2 Top Marijuana Stocks to Watch in August

Since the beginning of the year, the marijuana sector has underperformed dramatically. The effects of COVID-19, oversupply in Canada, and falling consumer spending are all leading investors to get out of weed stocks en masse, with little regard for long-term outlook. However, the market has changed dramatically from even just a quarter ago. There are now 1,000 marijuana stores open…

Private pot shops see sales decline after delivery cancelled by province

Private cannabis retailers in Ottawa are fighting to have home delivery reinstated after seeing a decline in sales and worrying people might be turning to the black market. When COVID-19 hit this spring, the government closed all cannabis shops, but later allowed private retailers to operate delivery and curb-side pickup. That ability was rescinded in July as the province moved into Stage 3 reopening.  The Ministry of…

REPEAT/Bophelo Enters into $30 Million Offtake Agreement with Medcan

TORONTO–(BUSINESS WIRE)–Bophelo Bio Science & Wellness Pty Ltd (“Bophelo”), a company registered in the Kingdom of Lesotho, and a wholly-owned subisidary of Halo Labs Inc. (“Halo”) (NEO: HALO; OTCQX: AGEEF, Germany: A9KN), has entered into an offtake agreement (the “Agreement”) with Medcan Ltd (“Medcan”), a company incorporated in the Republic of Malta, for the sale of bulk cannabis biomass, primarily…

Red White & Bloom: Scaling Up through Smart Acquisitions

  More than 80 percent of mergers and acquisitions fail to boost shareholder value, according to KPMG, often due to lofty valuations, incompatible cultures, excessive risk, or a combination of these factors. Of course, the cannabis industry has been no exception judging by the $835 million iAnthus/MPX merger and Cresco Labs’ acquisition of Origin House. Companies that manage to beat the odds and make successful…

Indiva Announces Closing of Private Placement of Units

Announces Prairie Merchant Participates in Offering and Becomes Insider; Provides Early Warning Report LONDON, Ontario, Aug. 10, 2020 (GLOBE NEWSWIRE) — Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF), a leading Canadian producer of cannabis edibles and other cannabis products, is pleased to announce that further to its news releases dated June 26, 2020 and […] READ MORE: https://www.newcannabisventures.com/indiva-announces-closing-of-private-placement-of-units/

Canopy Growth Q1 Revenue Ahead of Expecations at $110 Million

Canopy Growth Reports First Quarter Fiscal 2021 Financial Results Transformation strategy gains traction Net Revenue of $110 million increases 22% over Q1 FY20 Net Loss of $128 million; Adjusted EBITDA loss of $92 million narrows versus Q1 FY20 Established leadership position in growing cannabis-infused beverage segment; shipping +1.2mm cans to Canadian provinces since launch Strengthened […] READ MORE: https://www.newcannabisventures.com/canopy-growth-q1-revenue-ahead-of-expecations-at-110-million/

Canopy Growth Cost Cuts Help Beat First-Quarter Estimates

Canopy Growth shares were higher on Monday after the cannabis company reported a narrower-than-expected loss but came up short of revenue estimates. The company is “seeing market-share improvement, notably achieving number one market share in cannabis-infused beverages in the Canadian market,” Chief Executive David Klein said in a statement. Canopy Growth shares were up 10% to $18.35 at last check.…