It was a mixed bag in the cannabis-related news world this week.
Colorado announced that since the state legalized adult-use cannabis sales in 2014, $1 billion worth of marijuana were sold, while Oregon’s Congress passed a bill that would allow it to trade cannabis with other consenting states. In Canada, a committee in the House of Commons called for the decriminalization of the possession of small amounts of drugs, while the U.S. House of Representatives rejected an amendment that Rep. Alexandria Ocasio-Cortez (D-NY) had introduced, which sought to make it easier for scientists to study Schedule I controlled substances like psilocybin – found in mushrooms, MDMA and cannabis.
We saw Harborside, the iconic cannabis brand founded by activist Steve DeAngelo, start trading on the Canadian Securities Exchange and Kroger Co (NYSE: KR) announce it would start selling CBD products in its stores in 17 states. The Church of England said its £8.3 billion ($10.5 billion) Church Commissioners for England fund would start investing in cannabis, cannabis CPG company Coda Signature closed a $24.4 million Series A funding round, and Medicine Man Technologies, Inc. (OTC: MDCL) announced the acquisition of Colombian company Green Equity S.A.S. – marking its third deal this month.
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Commenting on Harborside’s IPO, Debra Borchardt, CEO of Green Market Report, told Benzinga this is “a sign of how far the cannabis industry has come… From his early days as a member of the Yippies, which fought for legalization in the 60’s, to being one of the first dispensary owners in California, Steve DeAngelo has always been on the front lines. It’s exciting to see a cannabis company with real revenue and strong leaders hitting the public markets.”
Marijuana Stocks & ETFs
Over the last five trading days:
• The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) (TSE:HMMJ) lost 3.8%.
• The ETFMG Alternative Harvest ETF (NYSE: MJ) tumbled 2.8%.
• The AdvisorShares Pure Cannabis ETF (NYSE: YOLO) slipped 4.5%.
• The SPDR S&P 500 ETF Trust (NYSE: SPY) closed the period up 0.56%.
Here are some of the top marijuana stocks (market cap above $500 million) in U.S. exchanges and how the performed over the last five trading days:
• Acreage Holdings (OTC: ACRZF): up 4.1%
• Aphria Inc (NYSE: APHA): down 6.6%
• Aurora Cannabis Inc (NYSE: ACB): down 1.05%
• CannTrust Holdings Inc (NYSE: CTST): down 4.8%
• Canopy Growth Corp (NYSE: CGC): down 2.4%
• Cronos Group Inc. (NASDAQ: CRON): down 3.1%
• Curaleaf Holdings Inc (OTC: CURLF): down 14.35%
• Green Growth Brands Inc (OTC: GGBXF): down 4.3%
• Green Organic Dutchman Holdings Ltd (OTC: TGODF): down 10.8%
• Green Thumb Industries Inc (OTC: GTBIF): down 13.8%
• GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH): down 0.5%
• Hexo Corp (NYSE: HEXO): down 12.75%
• Harvest Health & Recreation Inc (OTC: HRVSF): down 8.1%
• iAnthus Capital Holdings Inc (OTC: ITHUF): down 20.3%
• Marimed Inc (OTC: MRMD): down 26.8%
• MedMen Enterprises Inc. (OTC: MMNFF): down 8.45%
• OrganiGram Holdings Inc (NASDAQ: OGI): down 13.6%
• Scotts Miracle-Gro Co (NYSE: SMG): up 2.7%
• Tilray Inc (NASDAQ: TLRY): up 0.5%
In Other News
Bloom Farms and Greenlane Holdings Inc (NASDAQ: GNLN) reached an exclusive CBD distribution agreement that makes Bloom Farms’ premium CBD products available to thousands of smoke and vape shops across the U.S. The line will initially feature three tinctures and a selection of 19 vaporization products.
“We knew that the distributor we chose would be the face of our brand to thousands of retailers, so we wanted to partner with someone who understands that all CBD isn’t created equal. Greenlane was the natural choice. They know our uncut oil makes a difference, are focused on hand-picked brands, and are true professionals,” Sallyann Nichols, President of Bloom Farms CBD, told Benzinga.
Following Medicine Man Technologies’ Colombia announcement, Andy Williams, co-founder and CEO of Medicine Man Technologies, told Benzinga “this pending acquisition will provide us with the means to begin our strategic international expansion plan. We will have access to international licenses and intellectual property that will further enhance our cultivation, manufacturing, extraction, exportation and research and development.”
mood33, a California of cannabis-infused beverages maker announced a distribution agreement with Caliva. Full story here.
India Globalization Capital, Inc. (NYSE: IGC) announced its application for the cultivation and harvesting of hemp was approved by Arizona’s Department of Agriculture under the terms of its industrial hemp program. Full story here.
Harvest Health & Recreation was selected as one of the six finalists in a highly-competitive retail licensing process in Pasadena, an affluent Los Angeles suburb. The win marks the company’s seventh license in California, a key state for Harvest’s growth.
Sparx Cannabis, a family-owned and vertically integrated cannabis lifestyle company announced it has completed a Series A funding round with $10 million. The funds will help drive the company’s growth strategy, which includes expanding its footprint throughout California, the addition of multiple technological advances, the build-out and management of the company’s manufacturing building, and the build-out of a distribution center.
“The $10 million dollars that were raised by private investors through Sparx Cannabis’ Series A funding round is a monumental step forward for our next-generation mom and pop cannabis company,” said Dr. Jared Helfant, Co-founder and President of Sparx Cannabis. 
Vertically integrated Canadian company Valens GroWorks Corp. (OTC: VGWCF) expanded its multiyear agreement with Tilray. The agreement adds to the volume of extraction services Valens will provide to Tilray and adds an option for Valens to offer contract manufacturing as well, Valens said in a Monday press release. Full story here.
U.S. cannabis delivery service Eaze announced a partnership with retired Boston Celtics player Paul Pierce. Full story here.
The School of Medicine at the University of California, Riverside, received a three-year grant of $744,000 from the University of California’s Tobacco-Related Disease Research Program to investigate the impact of cannabis use on metabolic diseases, such as type-2 diabetes. Just what impact short-term and long-term cannabis use has on metabolic health is not entirely clear to scientists.
Nicholas DiPatrizio, the grant’s principal investigator, will use a mouse model to understand how cannabis affects glucose homeostasis, which is dysregulated in type-2 diabetes. Paradoxically, some people who have used cannabis for several years have shown improvements in some of their metabolic parameters as well as lower body weights when compared to non-users. The DiPatrizio lab will explore this paradox.
“We’re only getting started in answering some important questions related to cannabis and the effect its short-term and long-term use has on metabolic health,” DiPatrizio said. The grant is the first cannabis grant received at UC Riverside.
Integrated cannabis brand Vertical Companies is expanding its reach as a multistate operator with the acquisition of UMBRLA Holding Company and Brands for $462.5 million. Full story here.
California-based luxury cannabis brand Canndescent said it became California’s first MSO by investing $25.8 million to purchase buildings and operating licenses in three legal U.S. cannabis markets: Massachusetts, Michigan and Nevada. Full story here.
Following a special meeting where final votes were tabulated, Origin House announced overwhelming shareholder approval of the Cresco Labs acquisition. This approves the plan previously announced on April 1 for Chicago based Cresco Labs to acquire all of the issued and outstanding Origin House Common Shares and Compressed Shares. Regulatory approvals and anti-trust reviews are expected to be complete in the coming months. Origin House (CSE: OH) (OTCQX: ORHOF) is a cannabis products and brands company with a focus on becoming a preeminent global house of cannabis brands.
The Green Organic Dutchman entered into a processing and manufacturing agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT). Full story here.
Bank of America’s Christopher Carey reitereated a Buy rating on Hexo following the company’s Q3 results. Full story here.
Atlantic WeedBoard announced the launch of its brand new website, which helps guide consumers through the maze of information and CBD products that are out there. With a special focus on organically grown “farm to body” products and featuring educational and entertaining videos and interviews with farmers and industry experts, Atlantic WeedBoard provides advice on the health and wellness benefits of CBD and shows consumers how to choose and use the right products for their specific needs.
“With the ubiquitous marketing of CBD-infused everything and so many products flooding the marketplace, consumers find themselves in a quandary about CBD’s source, quality or effectiveness. Our goal is to be accurate and informative, playful and fun; to let people know CBD can be good for their health, wellness and beauty,” said Richard Carey, Atlantic WeedBoard co-founder. “We’re offering six channels of video that set the record straight one story at a time, and a curated selection of CBD products we have used ourselves and can vouch for.”
CV Sciences Inc (OTC: CVSI) announced a CBD supply deal with Kroger. Full story here.
Former hedge fund manager Whitney Tilson joined Benzinga’s PreMarket Prep morning show and discussed the difference between speculating in cryptocurrencies and speculating in cannabis stocks. Tilson said cannabis legalization is a real long-term trend that’s happening around the world, and hot cannabis stocks will make for potentially smart long-term investments. Unfortunately, he said their current valuations make them uninvestable at the moment. Full story here.
Tilray reached an agreement with its largest stockholder Privateer Holdings to extend a lockup period by two years. Full story here.
Atlas Blockchain Group, a Vancouver-based cryptocurrency mining and technology firm based in Vancouver, closed $10.1 million total financing for a proposed acquisition of Israeli cannabis operation, Isracann Biosciences Inc. As part of the firm’s expansion, Isracann expects to commence trading in Canadian Securities Exchange in 2019 as the first pure-play Israeli-based cannabis company to go public in Canada.
“The construction of this facility solidifies our commitment to become the leading low-cost, high-quality cannabis producer in the world,” said Darryl Jones, President and CEO, Isracann. “Israel’s perfect weather conditions allowing multiple growing cycles, and the recently announced regulatory changes granting product export from Israel, will give Isracann the opportunity to build an enterprise aimed at both the domestic and underserved European consumer markets. ”
Global X, one of the largest purveyors of thematic exchange traded funds, is looking to add that lineup with a cannabis ETF. Full story here.
Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE) received a new U.S. patent for one of its cannabis-focused treatments. Full story here.
Tikun Olam, the world’s first licensed cannabis company, is launching its first hemp-based product line, Tikun Hemp, in the U.S. This is the first hemp-based product line to bare the company’s name. Full story here.
Cannabis and hemp decontamination technology company Willow Industries closed a $2-million venture funding round. Full story here.
Jushi Holdings Inc. commenced trading on the NEO exchange. Jushi CEO and Chairman Jim Cacioppo told Benzinga, “Listing on the NEO provides Jushi a solid foundation to build on its current growth trajectory as well as access new shareholders through the capital markets… Our team will remain disciplined on optimal capital allocation and deal structuring to maximize shareholder value.”
MINERAL founder, Mills Miller, recently planted the first strain of his own proprietary hemp genetics in Colorado. By the end of this year, MINERAL will have farmed 250 acres of its own hemp genetics, making them one of the few brands cultivating a true seed to store product.
“MINERAL remains insatiable for efficacy. We’re committed to planting the seed before we extract the oil, giving ourselves and, therefore our community, full transparency from seed to extraction,” Miller told Benzinga. “Through our partnership Margot Masinter (the farmer) and Doodle Farms (the farm) we are well on our way to vertical integration, growing hemp to better the people and the earth we all inhabit.” 
Wana continues its U.S. expansion and will partner with Buckeye Relief to bring its consistent and potent edibles to Ohio’s medical marijuana patients. Wana has secured its position as the No. 1 edibles brand in the U.S. (according to BDS Analytics Brand Share Report) through its expansion from its Colorado headquarters into Nevada, Arizona and Oregon, as well as Midwest expansion through Michigan, Illinois and now Ohio. Wana expects to enter California and Canada by end of year, with a focus on East Coast expansion in 2020.  
Parcel by Proper launched in the Bay Area. The company’s team of 120+ curates the best branded product in key legal markets then tests each one. They have completed over 15,000 hours of consumer testing, with 50 data points for testing session logged, and ranking for hundreds of products so you can find trusted products to provide exactly the experience you’re looking for; then have it delivered right to your door.
Ignite International announced it signed Featherweight Legend Brian Ortega as its newest brand partner. Ortega has quickly risen to the top and is poised as the No. 2-ranked UFC Featherweight.
“I’ve been using CBD as a part of my training for some time,” said Ortega, “I consider Ignite the best brand in the game right now, so of course I jumped at the chance to join the team!” 
Rubicon Organics announced a partnership with Cookies to exclusively license their brand in Washington State. The announcement details a partnership between two leaders in their fields: Cookies, one of the top super-premium brands in California; and Rubicon Organics, one of the top North American super-premium quality cultivators and brand builders.
“This partnership is a significant endorsement of Rubicon Organics’ IP growing techniques as Cookies only aligns with companies who can deliver against a consistent high level of quality. We are proud to provide super-premium organic cannabis to Cookies and the Washington market this fall,” said Jesse McConnell, Founder and Chief Executive Officer. It’s obvious that Rubicon is building a highly esteemed portfolio of brands that when paired with its proprietary cultivation methodologies is well on its way to becoming a pillar in the North American cannabis industry.
Colorado-based Mile High Labs begun production of a water-soluble CBD product that can be used in everything from energy drinks to honey. Water solubility is achieved by dissolving CBD isolate into a natural oil and then emulsifying it into “nanoscopic” droplets. Mile High Labs says the water soluble CBD has little effect on the “color, taste or mouthfeel” of the end product it’s added to.
CBD Capital Group, an investment and operating company led by seasoned business professionals such as Bulletproof Coffee’s former CMO, launched its operations with its first acquisition of Medix CBD.
“CBD Capital Group is proud to announce the acquisition of Medix CBD. While the entire CBD industry holds immense potential, Medix CBD shows several strengths that set it apart from other CBD retailers including profitability and the company’s unique SEO model,” said CBD Capital Group Co-Founder and CEO David Metzler. “We are able to provide Medix CBD with capital and our team’s business expertise and look forward to growing alongside the company.”
Medical Cannabis Mentor, a doctor-approved e-learning platform for medical professionals, cannabis patients and dispensary personnel launched a new evidence-based course specifically for Canadian healthcare providers. The new course, ‘Cannabis Therapeutics: Canada’ offers dosing protocols, case studies, and five free downloads that providers can share with patients. When taking this course, providers receive a clear-eyed view of the benefits and challenges they’ll face when navigating the new regulations in Canada. Medical Cannabis Mentor was founded by accomplished cannabis physician, Junella Chin, DO, who’s treated over 10,000 patients in California and New York with medical cannabis and cannabis author and Brave New Weed podcast host Joe Dolce.
“Education before medication is our mission,” said Dolce. “Our courses enable individuals and providers to make informed treatment decisions.”
Medical Marijuana Inc. (OTC: MJNA) reached a major milestone for long-term stability testing on its flagship THC-free cannabidiol (CBD) oil product Real Scientific Hemp Oil-X (RSHO-X). The stability study was conducted in strict compliance with FDA/ICH guidelines (Q1A-R2).   
The results from the study provide evidence that RSHO-X has a shelf-life of at least 12 months in a variety of extreme climate conditions. This helps the company ensure that the integrity of the product will not be compromised while in transportation or while being stored for future use.
“Our company set the standards for many CBD testing protocols in the U.S. and, with this study, intends to continue doing so. Our customers rely on the quality, potency and safety of RSHO-X, which has been tested in two successful pilot clinical studies,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
Veritas Farms, Inc. (OTC: VFRM) announced its topical products will be featured nationwide in 945 Kroger Family of Stores.
Common Citizen, a Michigan cannabis and lifestyle enterprise, opened its first retail store in Flint, Michigan. CEO & co-founder Michael Elias and President & co-founder Joseph Jarvis announced the opening today alongside Linnette Phillips, Deputy Director, Economic Development at City of Flint and Leigh LaForest, Partnership Development Manager with Flint & Genesee Chamber of Commerce.
Pet Releaf, a CBD and hemp pet product manufacturer, announced a partnership with Generation Pet that brings its products to independent retailers in Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire and Maine.
“Pet owners want high-quality, all-natural options to maintain their pets’ health,” said Chelsea Gennings, Co-founder and Vice President of Pet Releaf. “Through our partnership with Generation Pet we are delivering on that demand.”

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Authored By: Yahoo FinanceArticle category: Marijuana Business NewsRegional Marijuana News: CanadaUnited States
READ MORE: https://420intel.ca/articles/2019/06/17/week-cannabis-colorado-hits-1b-sales-harborside-canada-kroger-embraces-cbd-and