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Biome Grow Announces Supply Agreement With Cannabis NB

TORONTO, Aug. 12, 2019 (GLOBE NEWSWIRE) — Biome Grow Inc. (“Biome” or the “Company”) (CSE: BIO) (Frankfurt: 6OTA) (OTCQB: BIOIF) is pleased to announce that it has been approved to commence retail sales of cannabis in the province of New Brunswick and has entered into a production and supply agreement with Cannabis NB Ltd.  Cannabis products will initially be supplied by Biome’s wholly-owned…

XPhyto Therapeutics Debuts on CSE Under Ticker XPHY

After about two years of building relationships with exceptional partners and positioning itself in Canada and Europe, XPhyto Therapeutics (CSE: XPHY) was ready to become a public company. That happened Tuesday morning, with trading beginning on the Canadian Securities Exchange, checking off one more box on management’s list of accomplishments. Click here to receive an investor deck and corporate updates…

Cannabis pharmaceutical outfit Nextage wants to raise $15 million in Canada

Israeli cannabis-based pharmaceutical company Nextage Cannabis Innovation Ltd. is raising up to $15 million from private Canadian entities at a company valuation of $50 million, according to one person familiar with the matter who spoke to Calcalist on condition of anonymity. The company, which is currently in the process of merging with Tel Aviv-listed Micromedic Technologies Ltd., intends to use…

Here’s why the pot stock bubble hasn’t really burst

Pot stocks have taken an absolute shellacking in recent months. Just look at the top five Canadian cannabis producers. Shares ofCanopy Growth (NYSE: CGC), Aurora Cannabis (NYSE: ACB), Cronos Group (NASDAQ: CRON), Tilray (NASDAQ: TLRY), and Aphria (NYSE: APHA) are all down more than 30% from their highs earlier in the year. My colleague George Budwell even wrote recently that…

This cannabis company backed by rapper Jim Jones is all about luxury

As more Americans grow comfortable embracing the use of cannabis-related products, one company is hoping to bring a level of luxury to the marijuana culture. That’s why celebrity jeweler Alex Todd founded Saucey Farms and Extracts. Launched in April 2019, the luxury cannabis brand sells premium products and organically grown strains of weed in California and Oregon, two states where…

Pot stock CannTrust dives as report hints regulators can’t trust execs

The CEO and chairman of Canadian cannabis producer CannTrust(CTST) were told the company was growing unlicensed weed months before regulators discovered the violations, according to a report, further submerging CannTrust stock on Wednesday. Other marijuana stocks were mostly down. A report from the Globe and Mail said that CEO Peter Aceto and Chairman Eric Paul were informed that CannTrust was growing cannabis in…

The Top 12 CBD Myths and Misconceptions

It doesn’t get you high, but it’s causing quite a buzz among medical scientists and patients. The past year has seen a surge of interest in cannabidiol (CBD), a non-intoxicating cannabis compound with significant therapeutic properties. Numerous commercial start-ups and internet retailers have jumped on the CBD bandwagon, touting CBD derived from hemp as the next big thing, a miracle oil that can shrink tumors, quell seizures, and ease…

Why Canopy Growth (TSX:WEED) might not be the top pot stock for much longer

Canopy Growth (TSX:WEED)(NYSE:CGC) has long been known as the top cannabis stock in the world, synonymous with the industry’s growth. However, the hierarchy in the industry could soon be changing. At a market cap of more than $15 billion, Canopy Growth is certainly safe, in terms of market cap, as the top cannabis stock for the foreseeable future. However, there’s one…

Cannabis Canada: CannTrust gives update on independent committee investigation

CannTrust updates on independent investigation as Health Canada continues probe CannTrust provided an update on its independent committee’s work as the company looks to get to the bottom of how it was found to grow thousands of kilograms of unlicensed cannabis last month. The company has named the four members of its independent committee, including chair Robert Marcovitch, and outlined…

Early search for CannTrust buyer underway amid Health Canada probe: Sources

As CannTrust Holdings Inc. awaits its fate after running afoul of federal regulators, BNN Bloomberg has learned there’s early-stage interest behind the scenes to find a white knight that could potentially spare the cannabis producer from losing its licences if Health Canada exercises the full extent of its enforcement power. Multiple sources directly familiar with the matter told BNN Bloomberg…

Organigram reports $10.2 million third-quarter loss

Organigram Holdings Inc. (OGI.V) reported a third-quarter loss as revenue slipped amid lower recreational pot reorders from Ontario and British Columbia, but the cannabis company anticipated growth ahead as edibles and new retail stores come online. The Moncton, N.B.-based licensed producer reported a $10.2-million loss for the three-month period ended May 31, compared with a profit of $2.8 million a…