cannabis stocks

Cannabis Stocks Trim Losses after Reports Suggest Citizens in Favor of Drug Decriminalization

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…

HEXO Cannabis

Cannabis Technology Firm HEXO Targets a Spot in the Top 3 Global Players by Partnering with Fortune 500 Brands

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…

Arizona Iced Tea

Cannabis Industry All Set to Widen Its Market with Arizona Iced Tea’s Entry

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…

Flowr Corp is Slated to Acquire 100% Interest in Holigen, Up From Its Previous Announcement of 19.8%

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…

Public Education Campaign Launched by California Officials to Curb Unlawful Cannabis Market

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

Stocks of Neptune Wellness Solutions Rise Steeply after Signing of Contract With Tilray

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…

Should You Buy Aurora Cannabis (ACB) Stocks Before Next Week’s Third Quarter Earnings Release?

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 Secures Equity of $420 Million in a New Round of Funding, now Valued at $1.7 Billion

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…

Toronto-based Pot Producer, Cronos, Posts Low Fourth-Quarter Revenue With Its Stocks Slumping

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…