Canada approves recreational use of marijuana - CNBC

Canada approves recreational use of marijuana
Canada’s upper house of parliament on Tuesday approved a revised bill to legalize recreational marijuana, setting the stage for the country to become the first Group of Seven nation to legalize cannabis. The Senate voted 52-29 in favor of the revised …
No Joke: The Republican-Controlled Congress Aims to Protect Medical Marijuana BusinessesMotley Fool

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Marijuana Discounts, Possible Shortage With New Rules Coming - NBC Bay Area

Marijuana Discounts, Possible Shortage With New Rules ComingNBC Bay AreaA big shake-up is coming in the marijuana business, and that means big discounts on weed here in the Bay Area. But it also might soon lead to a shortfall in … And sellers aren’t sure how long it will take to stock back up. “It’s difficult to know how … Continue Reading … Continue reading

Australian Updates from Two Canadian Cannabis Companies

On Tuesday (June 19) two Canadian cannabis companies gave their shareholders a progress update on their respective expansions for Australian ventures. The Australian cannabis market has grown at a remarkable pace so far in 2018 with multiple Canadian companies announcing expansions into the jurisdiction. This market is currently only legal for medical cannabis with the patient population estimated at over 30,000  according to research firm Deloitte in 2016. Looking for Cannabis Stocks? Read our report to find market data, important news and stocks to watch! Give me my free report! Cronos offers licensing update for Australian division Cronos Group (NASDAQ:CRON,TSX:CRON) shared with its shareholders the Australian joint venture created earlier this year by the company, named Cronos Australia, obtained a manufacturing license from the Australian Office of Drug Control. The license increased the offerings of Cronos Australia as the company can now legally manufacture cannabinoid-based products. “This is a key … Continue reading

MedReleaf Reports Q4 and Fiscal 2018 Results

One of the largest Canadian licensed producers (LPs) issued on Tuesday (June 19) one of its last quarterly and fiscal reports as it prepares to complete an acquisition by another major LP. MedReleaf (TSX:LEAF) provided its investors with a detailed look at its fourth quarter and fiscal 2018 financial results. The company reported close to over C$12 million in sales of dried cannabis and extract products during its fourth quarter, a period which ended on March 31. During the entire fiscal 2018 period, MedReleaf reported C$43.6 million in sales, with extracts amounting to 18 percent of that result and bringing in C$8 million. Looking for Cannabis Stocks? Read our report to find market data, important news and stocks to watch! Give me my free report! The company indicated it estimates sales of extracts will continue to grow in the overall revenue thanks to the introduction of novel products such as … Continue reading

James E Wagner Cultivation Corporation on MidasLetter

James E. Wagner Cultivation (JWC) (TSXV:JWCA) recently got featured on MidasLetter. The company CEO Nathan Woodworth came on the show to discuss aeroponics. Aeroponics is a unique cultivation method applied by JWC. According to the article the company is able to achieve high yields and quality, without having to use pesticides. “Well we’re a technology company in addition to being a licensed producer of medicinal cannabis. The technology at its core focuses on a technique called aeroponics. Aeroponics is a type of advanced hydroponic cultivation. Rather than suspend the roots in a substrate like rock wool or peat moss or put them in water. We hang the roots in an enclosure in the air. We then mist that root mass with a proprietary nutrient solution. This helps maintain the optimize health of the plant.” – CEO Nathan Woodworth stated in the interview. Click here to read the full interview Click here … Continue reading

Segra Commences Partnership with Original Breeders League for Micropropagation of High CBD Hemp and Cannabis

Original Breeders League (“OBL”) has signed a letter of intent with Segra International Corp. (“Segra”) to explore a collaboration regarding plant micropropagation (also known as ‘tissue culture’). According to this letter of intent, OBL will negotiate a service contract with Segra for micropropagation services. Under the proposed service contract Segra would transition a set of existing cannabis cultivars from OBL’s proprietary genetic portfolio into tissue culture for genetic preservation and production via micropropagation. This portfolio includes valuable high CBD, full spectrum cultivars. Through select production partnerships in the industry, OBL aims to standardize the availability of high CBD, full spectrum products globally. OBL is currently partnered in various cannabis and industrial hemp projects for both breeding and cultivation throughout California and the world. “Original Breeders League is currently developing projects with a footprint that spans across six different countries. For the first time in history, with our partnership with Segra … Continue reading

Aphria Inc.: Legalized Marijuana, Stock Dilution - Seeking Alpha

Aphria Inc.: Legalized Marijuana, Stock DilutionSeeking AlphaIt’s a conflicting issue, as Aphria is probably wise to take advantage of the ability to finance their business with stock; rather than taking on debt. If you’re about the long long term, it doesn’t matter much at all when you buy Aphria. If you’re a … and more Continue Reading … Continue reading

Choom Adds New Locations to its Canadian Retail Store Network

Choom (CSE:CHOO; OTCQB:CHOOF) announced it secured new locations for its cannabis retail store network in Alberta and B.C. As quoted in the press release: Choom has secured the rights to an additional 7 retail locations in Alberta. Choom has 25 leases in highly strategic and secure locations in Alberta with 24 applications submitted. Choom has also secured 3 additional B.C. retail leases, combined with the existing 7, for a total of 10 retail opportunities in B.C. In all cases, the retail opportunities are subject to all necessary governmental and municipal approvals being granted. This number is expected to grow over the coming months as the Company is currently negotiating additional leases with the intention of submitting applications for retail licenses. The following link will bring you to our retail opportunity map: “This is a significant step towards establishing Choom’s strategy to be a leading private cannabis retailer in Canada,” states Choom’s President and CEO, Chris Bogart. “Market share and … Continue reading

Newstrike Resources Closes C$51.75 Million Bought

Newstrike Resources (TSXV:HIP) announced the closing of a short form prospectus offering for a total of 69,000,000 company units sold at a C$0.75 for aggregate gross proceeds worth C$51.75 million. As quoted in the press release: Each Unit is comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant is exercisable to acquire one Common Share at an exercise price of $1.00 per share, subject to adjustment in certain events, until June 19, 2023. The Units were offered and sold by way of a short form prospectus filed in each of the provinces of Canada, excluding Québec, and offered and sold elsewhere outside of Canada on a private placement basis. The Company intends to use the net proceeds from the Offering for growth initiatives, working capital and general corporate purposes. The Offering … Continue reading

Neptune Enters Multi-Year Business Agreement with Canopy Growth

Neptune Technologies and Bioressources (NASDAQ:NEPT; TSX:NEPT) announced a multi-year extraction, refinement, and extract product formulation capacity agreement with Canopy Growth (NYSE:CGC; TSX:WEED). As quoted in the press release: “We are truly excited to partner with such a great company as Canopy Growth. This multi-year agreement, including minimum volume commitments, will be supported by Neptune’s decades of experience in extraction, purification and formulation of value added differentiated science-based products,” said Michel Timperio, President of Neptune’s Cannabis Business. “Extract products are key to the future of the global cannabis industry and we’re taking the right steps to significantly increasing our production capacity to capture this opportunity,” said Mark Zekulin, President, Canopy Growth. “We were the first to introduce extract based cannabis Softgels and this agreement supports our development of a wide range of extract products to meet the demand of these growing market segments as we prepare our operations for greater product diversification.” Click here … Continue reading