Tag: legalization

Show Review: CannaCon Comes to the Midwest at Detroit’s Cobo Center

Eric Vengroff, Senior Financial Analyst June 27, 2019 – The first day of summer was also opening day for CannaCon Midwest at Detroit’s Cobo Center.   CannaCon assembles the cannabis industry in a number of regional shows across the U.S. in various markets, including the Midwest, in Detroit, the Northeast, in Springfield, Massacheusetts, the South in Oklahoma City, and the Northwest…

Curaleaf Reports Fourth Quarter and Full Year 2018 Financial and Operational Results

Reported Managed Revenue([1]) of $87.8 Million in Full Year 2018 and $34.9 Million in Fourth Quarter through Continued Expansion of Market-Leading Operational Footprint Demonstrated Managed Revenue Growth of 209% Year-over-Year and 43% Growth Quarter-over-Quarter Reached Total Revenue of $77.1 Million in Full Year 2018 and $32.0 Million in Fourth Quarter Reiterated Full Year 2019 Managed Revenue Guidance of $400 Million WAKEFIELD,…

Beverage Trade Network Launches the First-ever Cannabis Drinks Expo

Beverage Trade Network organizes the first-ever event, focusing on cannabis-infused beverage industry, Cannabis Drinks Expo. The trade event is scheduled to be held on July 25, 2019 in San Francisco, USA. It will be the first event to tackle the issue head-on. Cannabis Drinks Expo will give the worldwide drinks industry, and North America in particular, the chance to come…

Supreme Cannabis Expands Domestic Distribution to Eight Provinces

Supreme Cannabis’ wholly owned subsidiary, 7ACRES, has agreed to supply cannabis to retailers in the provinces of New Brunswick and Saskatchewan. 7ACRES now joins an exclusive group of licensed producers with recreational distribution in eight or more provinces. TORONTO, Feb. 7, 2019 /CNW/ – The Supreme Cannabis Company, Inc. (“Supreme Cannabis” or the “Company”) (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) announced…

Aphria’s Board of Directors Rejects Green Growth Brand’s Hostile Takeover Bid

“Significantly Undervalued and Inadequate” Leamington, Ontario – February 06, 2019 – Aphria Inc.  (TSX: APHA and NYSE: APHA) today announced that its Board of Directors has rejected the hostile bid by Green Growth Brands Inc. (CSE:GGB) to acquire all of the outstanding common shares of the Company including any Common Shares that may become issued and outstanding after January 22, 2019, but prior to…

iAnthus Opens Flagship Citiva Dispensary in Brooklyn

First Dispensary Serving Borough of 2.6 Million People NEW YORK , Jan. 7, 2019 /CNW/ – iAnthus Capital Holdings, Inc. (“iAnthus”), (IAN.CN) (ITHUF), which owns, operates, and partners with best-in-class regulated cannabis operations across the United States , is pleased to announce that it has opened its first and flagship dispensary in New York on December 30, 2018 . The…

The Fastest-Growing Marijuana Stocks in 2019

According to Sean Williams of the Motley Fool, these  cannabis stocks should have at least 400% sales growth in fiscal 2019. “The marijuana industry produced about as bifurcated a year as investors could have imagined in 2018. By the time the curtain closed, validity had been gained like never before, but pot stocks had been absolutely leveled. On the bright side,…

Health Canada Announces Proposed Regulations for Cannabis Edibles, Extracts, and Topicals

by Eric Vengroff, Financial Analyst December 20, 2018 – Health Canada released its proposed regulations for cannabis products that currently are not available for sale in legal channels in Canada, namely edibles, extracts (inhaled or ingested), beverages, and topical creams or patches.  The focus clearly appears to be on the THC content, and places conservative THC content limits on these…

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…

U.S. House of Representatives Passes the Farm Bill

The U.S. House passed passed an $867 billion farm bill to on Wednesday, to help those in the agricultural industry, sending the legislation to President Trump for a signature. The bill easily passed by a 369-47 vote after similarly passing by a margin of 87-13 in the Senate the day before.   Complete details are covered below. https://thehill.com/homenews/house/420990-house-passes-867-billion-farm-bill-sending-it-to-trump Of key interest those in…

Mississauga and Markham Opt-Out of Cannabis Retail Stores

by Eric Vengroff, Financial Analyst Yesterday, the municipalities of Mississauga and Markham voted to prohibit the opening private cannabis retail stores. Mississauga city council voted 10-2 against and Markham city council voted 12-1 against.   These votes, strong majorities, representing the apparent broad support from the constituent voters, may be a reaction to the sudden changes to the regulations regarding retail…

CANNABIS MEETS HEALTHCARE

by Eric Vengroff, Financial Analyst As someone who attended York Mills Collegiate Institute in the 1970’s, it should suffice to say that I’ve had a deep appreciation for the entertainment and recreational value of cannabis for many years.  The unmistakable perfume of Mexican whatever wafted through the halls and stairwells regularly.  So admittedly, I have historically been a skeptic when…