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Marijuana buds on top of pile of cash

Green Growth Brands Launches Hostile Takeover Bid for Aphria Inc.

By Eric Vengroff, Financial Analyst Xanthic Biopharma Inc. dba Green Growth Brands Ltd.(CSE: GGB) announced today that it intends to make an offer to purchase all of the issued and outstanding common shares of Aphria Inc. (TSX: APHA and NYSE: APHA) which it does not already own. The offer would give Aphria shareholders with 1.5714 common shares of Green Growth for each of…

Cannabis Stocks Mixed on Monday

By Eric Vengroff, Financial Analyst Amidst another circa. 400-point selloff on the Dow this morning, and a 0.6% drop on the TSX, cannabis stocks are trading mixed on the various North American exchanges. At 11:55 Tilray (US:TLRY) is down 4% to $71.75 per share while Canopy Growth (CA:WEED) is up 3.7.% to C$37.30 per share. As reports about orchestrated shorting…

Northland Capital Initiates Coverage on Planet 13 Holdings

By Ralph Nathan, Market Realist On December 19, Northland Capital Holdings initiated coverage on Planet 13 Holdings (PLNHF) with a “buy” rating, giving the stock a price target of 3.75 Canadian dollars, which represents an upside potential of 252.1% from its December 19 closing price of 1.07 Canadian dollars. On December 7, Canaccord Genuity reinitiated coverage of Planet 13 Holdings with a…

Details on Ontario’s New Private Cannabis Retail Lottery

Details on Ontario’s New Private Cannabis Retail Lottery By Whitney Abrams | December 14, 2018 Since the AGCO’s first announcement about the private retail process in Ontario, aspiring private cannabis retailers in Ontario anxiously awaited December 17th, the day upon which the AGCO formerly stated it would release its application process.  On December 13, just before “application release day” the…

Here’s Why Marijuana Stocks Deserve Coal in Their Stockings This Year

By Sean Williams, The Motley Fool The marijuana industry has seemingly knocked down one barrier after another in 2018. Arguably no event was bigger than the legalization of recreational marijuana in Canada on Oct. 17. Not only does lifting nine decades of prohibition in our neighbor to the north open the door for billions of dollars in added annual sales once the…

Altria Moves into the Herd

Opinion Editorial by Eric Vengroff, Financial Analyst Look out beaver bongs, the Marlboro man is moving north.  In what has turned out to be an exciting week in the world of pot-related acquisitions,  Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) announced that Altria Group, Inc. (NYSE: MO) (“Altria”) has agreed invest roughly C$2.4 billion for shares and warrants in Cronos.…

Cronos group inc. Announces c$2.4 billion strategic investment from altria group, inc

Provides Cronos Group with Additional Capital and Complementary Expertise to Accelerate Its Expansion and Innovation in the Rapidly Growing Global Cannabis Industry TORONTO, December 7, 2018 – Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) today announced that it has entered into a subscription agreement (the “Subscription Agreement”) with Altria Group, Inc. (NYSE: MO) (“Altria”) pursuant to…

Canopy Acquires Storz & Bickel

by Eric Vengroff, Financial Analyst It’s easy to write a story a day about the various moves that Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) executes regularly, but this one is certainly noteworthy.  The company announced that it has finalized an all-cash transaction to acquire Storz & Bickel GmbH & Co. KG, related entities, and IP (collectively, “Storz & Bickel” or “S&B”) for a…

Cannabis Daily’s Top 35 Stocks Now Updated

November 30, 2018 – Cannabis Daily has recently updated its cannabis stock tracking widget.  Check the CD Top 35 Stocks in the main menu. We now cover 35 cannabis stocks, but the list may grow or contract depending upon IPO’s of new cannabis stocks or market activity of the selected stocks.  The stocks are listed in descending order of market…

iAnthus Announces Third Quarter 2018 Financial Results

NEW YORK and TORONTO , Nov. 27, 2018 /CNW/ – iAnthus Capital Holdings, Inc. (“iAnthus” or the “Company”), (CSE: IAN, OTCQB: ITHUF), which owns, operates, and partners with licensed cannabis operations throughout the United States , is pleased to announce its financial and operating results for the third quarter of 2018 (“Q3 2018”). All amounts expressed are in USD unless stated…

Aurora Cannabis Receives Lenders’ Consent for Proposed Acquisition of ICC

Milestone towards Completing Transaction to Establish Leadership in South American Market EDMONTON, Alberta and VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) — Aurora Cannabis Inc. (Aurora) (ACB) (ACB) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (ICC) (ICC.V) are pleased to announce that Aurora has received, from its consortium of lenders led by Bank of Montreal (collectively, the Lenders), consent…