Indiva and TerrAscend partner to manufacture and process high-quality cannabis oil for TerrAscend patients and consumers LONDON, Ontario – August 7, 2019: Indiva Limited (the “Company” or “Indiva”) (TSXV:NDVA) (OTCQX:NDVAF) and TerrAscend (CSE:TER) (OTCQX:TRSSF) are pleased to announce the signing of an agreement to partner on an extraction services program (the “Agreement“). Under the terms of the Agreement, Indiva will…
Harvest Health & Recreation (OTC: HRVSF) reported second-quarter results on Aug. 15. The vertically integrated marijuana dispensary saw revenue rise 39% sequentially to $26.6 million. Harvest Health & Recreation opened three new retail locations in Florida during the second quarter, bringing its total store count to 16 at the end of the period. This number should grow substantially in the quarters…
Shares of cannabis stocks large and small were beaten down after soft second-quarter results disappointed investors expecting soaring sales of recreational cannabis in Canada that haven’t materialized. As a result, some of the world’s largest cannabis companies have stock prices miles below their peaks. Has the market already pulled these cannabis kings down as far as it can, or could they…
Almost a year ago, cannabis firm Tilray (NASDAQ: TLRY) went public to much fanfare. Within just around 50 days of trading, the stock had propelled almost 800% as investors rushed in to take advantage of the possibilities weed legalization would offer. The mad rush towards cannabis stocks seems to have ended a year since then, with the industry more stabilized…
The Green Organic Dutchman Holdings (OTC: TGODF) reported second-quarter results on Aug. 13. The Canada-based cannabis company’s revenue rose 20% sequentially to 2.9 million Canadian dollars. Most of its sales were generated by its European operations, as the company just recently launched its Grower’s Circle — a small test of its medical marijuana distribution capabilities in Canada. Additionally, The Green Organic…
Among marijuana stocks, very few have achieved profitability. But sooner or later, every company needs to reach that milestone. That sounds obvious, like “Business 101.” In fact, it’s one of the most basic requirements for a stock to trade on the “Big Board,” the New York Stock Exchange (NYSE)… and also for the Nasdaq, for that matter. And yet, in…
Biome Grow Inc. (“Biome” or the “Company”) (CSE:BIO) (6OTA.F) (OTCQB: BIOIF) is pleased to announce that it has been licensed for the retail sale of cannabis in the province of Manitoba. This announcement comes on the back of recent approvals allowing Biome to distribute cannabis products in Saskatchewan and New Brunswick. With this announcement, Biome is licensed to distribute cannabis in five…
There’s no way to possibly buy every pot stock on the market; there are just too many of them to choose from. Therefore, you’ll need to narrow your focus, and Canada is truly the epicenter of activity when it comes to legalized cannabis. While everyone else is focusing on well-known brands like Canopy Growth (NYSE: CGC ) and Aurora Cannabis (NYSE: ACB ), I believe that Hexo (NYSE: HEXO ) stock is…
What happened Shares of Tilray (NASDAQ: TLRY) are tanking today, down by 10.3% as of 10:40 a.m. EDT. The big drop reflects investors’ disappointment with the Canadian cannabis producer’s second-quarter results , which were announced on Tuesday after the market closed. So what Analysts expected Tilray to post a net loss of $0.25 per share. However, the company actually reported an adjusted net loss…
Pot investing ‘not just about hype anymore’: Supreme CEO The chief executive officer of Supreme Cannabis says that CannTrust Holdings’ ongoing regulatory scandal is shifting how investors view pot companies. “It’s going to separate good operators from the rest of the pack, because now you’re getting a lot of attention,” Supreme CEO Navdeep Dhaliwal told BNN Bloomberg Tuesday. “People are really…
Sharp moves by several pot stocks in the final minutes of trading last week may be the result of trades by the largest cannabis exchange-traded fund. The US$1 billion ETFMG Alternative Harvest ETF recently added about 5.5 million shares of CannTrust Holdings Inc., according to holdings data compiled by Bloomberg. The medical cannabis producer jumped about 40 per cent in…
Tilray’s stock fell after the Canadian cannabis company reported a wider-than-expected loss for the second quarter after the markets closed Tuesday. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Adjusted earnings per share: A loss of 32 cents vs. a loss of 25 cents expected Revenue: $45.9 million…