During afternoon trade on Wednesday, Cannabis stocks trimmed losses when reports found that American citizens are in favor of drug decriminalization. The report released by the Cato Institute indicated that over 55% of the adults surveyed wanted drug-related offenses to be treated as civil suits. The Cato Institute is a libertarian think tank, and…
Canada-based CPG cannabis company HEXO is eyeing a spot in the top three of global cannabis players. The firm is banking on the strategy of forging partnerships with Fortune 500 companies to meet their vision. HEXO Company Overview HEXO was incorporated as The Hydropothecary Corporation in 2013, by CEO and co-founder Sébastien St-Louis. He expects…
The beverage giant Arizona Iced Tea is stepping into the cannabis industry with a $10 million deal with a famous CBD edibles company from Denver. They plan to sell cannabis-infused products together. The company from Denver, Dixie Brands Inc., already caters to marijuana products in five states of America. This new partnership with Arizona…
Jay-Z has the superpower of turning everything he touches into gold. He is a true business legend and is making strides in every industry he chooses to step foot in. It seems now he’ll be seen with a California-based Cannabis company called Caliva. Although people have questioned his ability to be a business leader, he…
The Flowr Corp (OTC: FLWPF) made an announcement earlier about its foray into a definite deal to purchase the remaining 80.2 percent interest in Holigen Holdings Limited by acquiring its shares. Previously, the company had declared its intention of buying 19.8 percent of Holigen. Within the final completion of the acquisition, Flowr Corp is presumed…
California cannabis regulators have announced a new campaign strategy on Friday to curb sales and businesses of illegal marijuana market by informing consumers of the many ill effects of the unregulated market and illicit products. The Chief of the Bureau of Cannabis Control (BCC), Lori Ajax, stated in a press release that a statewide…
Neptune Wellness Solutions stock (NASDAQ: NEPT) hits a new high, surging 19.4 percent higher as of Friday. The surge comes at the wake of Neptune’s announcement of its recent multi-year agreement with a prominent Canadian cannabis company, Tilray, to offer extraction and purification services. (NASDAQ: TLRY). Agreement with Tilray The Deal with Tilray is slated…
Aurora Cannabis stocks has been struggling recently in Canadian cannabis market. The pot sales in the home country have not materialized for the company in a meaningful way. The company can materialize the US market where great global opportunity exists as stock valuations promise the best relative value. The stock currently is back trapped below…
PAX Labs, a prominent consumer brand and frontier manufacturer of vaporizers, has acquired a deal of $420 million in equity funds from influential global investors who are vested within the interest of new technology, healthcare, and consumer products. Existing financiers, Tiger Global Management and Tao Capital Partners along with newly acquired investors have extended their…
Cronos Group Inc. had an increase in their fourth-quarter income which was bolstered by the legalization of cannabis last year, but according to analysts, the Toronto based company missed its estimates and has returned with a quarterly net loss. Though the licensed cannabis producer has its revenue multiplied to almost $5.6 million in the…
The stocks of Baristas Coffee Company Inc (OTCMKTS: BCCI) took a notable upward swing in the aftermath of the company’s multi-tier approach in the marketing campaign for its CBD-infused coffee products. With the company inking an advertising deal with ReelTime Media, Cannabis-infused coffee products will now be advertised at 61 NASCAR permitted races. With the…
Canopy Growth Corporation has settled the final transaction to procure Storz & Bickel GmbH & Co. KG, related entities, and IP at a price of approximately €145 million. Renowned for its pioneering vaporizer design and production, Storz & Bickel have had a successful 22-year run, leading the industry’s vaporizer segment. The acquisition is viewed to…
Touted to become a $146 billion sector in less than a decade, the cannabis industry has attracted the likes of many investors. However, analysts are wary, advising investors to not rush into buying stocks of the publicly traded companies. Since the legalization of recreational cannabis in Canada, there have been several cannabis companies that are…
The following post originally first appeared on MotleyFool.com.au Californian potheads can rejoice: as of 1 January they have officially become the most recent state in the US to legalise the recreational use of cannabis. Stoners in San Diego, Santa Cruz, the San Francisco Bay Area and Palm Springs queued up in droves to become the…