Marijuana Business News

Synonyms: 
stocks
business
Thu
06
Jan

High Tide expands retail presence in Hamilton cannabis market

cannabis

High Tide (NASDAQ:HITI) announces the opening of its third Canna Cabana retail cannabis store in Hamilton, Ontario.

The store starts selling recreational cannabis products and consumption accessories for adult use, representing High Tide's 106th branded retail location across Canada, and 32nd in Ontario.

Also, the retailer reports a nearly 47% growth in Cabana Club's membership over the three months period.

Wed
05
Jan

Canada should deter speculation by foreign-owned giants, reap grassroots growth through cannabis review

store

Christmas came early for legal cannabis stakeholders in Ontario. Late 2021 statistics showed that for the first time since the 2018 legalization, sales in the province’s legal cannabis market overtook those of the illicit cannabis market.

Meanwhile, consumers who helped the province’s cannabis regulator, the Ontario Cannabis Store, reach this milestone are being left in the dust. Canada’s market has been structured in a way that sows corporate seeds, overseeing a proliferation of conglomerates with fun-sounding names that mask less-fun-sounding parent companies looking to make a quick buck (or billion) off bud. 

Wed
05
Jan

Tilray Stock: Betting on U.S. Marijuana Legalization

Tilray

Cannabis stock Tilray had underwhelmed shareholders in 2021. However, the eventual legalization of cannabis in the U.S. will treat TLRY shareholders to a new high.

Canada-based Tilray  (TLRY) - Get Tilray, Inc. Report is one of the most talked-about stocks on online forums like Reddit. But the cannabis company's share price saw both highs and lows in 2021.

Volatility in TLRY shares was driven largely by uneven progress in U.S. cannabis legalization, as well as the company's merger and acquisition (M&A) activity.

Without a clear framework for marijuana legalization, Tilray's stock has become a target for short sellers. However, the company's management is looking for alternatives to keep Tilray's business growing.

Tue
04
Jan

Academics argue that regulations are obstructing Canadian cannabis research

scientist

“Canada’s regulations effectively force academic-industry partnerships such that only research that industry finds acceptable can move forward. Cannabis companies are the final arbiters of what studies obtain products to be tested.”

Academics affiliated with the University of Toronto are calling out the “purgatory” surrounding clinical cannabis research in Canada.

Tue
04
Jan

Halo Collective Names Cannabis Veteran Sky Pinnick as Chief Marketing Officer

Pinnick

Experienced Branding, Marketing and CPG Executive to Lead Halo's Market Expansion Initiatives

Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQB: HCANF) (Germany: A9KN) today announced that Sky Pinnick has been appointed as Chief Marketing Officer (CMO). Mr. Pinnick brings significant marketing and branding expertise, particularly in the cannabis industry, to Halo and will lead the Company's market expansion initiatives as it grows its portfolio of products and distribution channels.

Tue
04
Jan

Aurora Cannabis Announces New Director and Updates to The Board

Kohli

Newly created directorship to be filled by Chitwant Kohli, Senior Financial Executive

Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the appointment of Chitwant Kohli to the Company's Board of Directors (the "Board"), effective today. This is a newly added position that expands the Board to nine members, seven of whom are independent. 

Tue
04
Jan

Canadian Cannabis Stocks On The Nasdaq For Reddit Investors

stocks

Top Marijuana Stocks Starting With Gains For 2022

As this new year begins top marijuana stocks are showing an upside on the first day of trading for 2022. Because many of the best cannabis stocks to invest in saw significant declines in 2021 there is an opportunity for investors to find pot stocks at lower levels currently. One area that took the brunt of the market declines in Canadian marijuana stocks.

Tue
04
Jan

Lamborghini Races Into Cannabis Game With CBD-Infused Coffee

coffee mug

Get your engine started with a cup of Lambo-branded, CBD-spiked coffee.

Lamborghini’s “Tonino Lamborghini” lifestyle brand has emblazoned the Raging Bull badge on watches, shades, bags, and now, CBD-infused coffee.

Autoevolution reports that the Italian marque’s merchandizing arm is joining forces with Canadian cannabis company Flora Growth to bring coffee infused with the non-psychoactive cannabinoid to market.

“They always wanted to get into the cannabis space,” said Floral CEO Luis Merchan, “but wanted to make sure they do it with the company that has know-how and the traceability that could ensure the quality of the [Lamborghini] products that have come to be renowned.

Mon
03
Jan

Investor Accuses Cannabis Company of Securities Violations

investment

On Thursday a case was filed in the Eastern District of Virginia by investor Michelle DeLuca as a class action against Instadose Pharma Corporation and its CEO Terry Wiltshire. The case alleges that false filings and other documents resulted in securities violations.

The complaint explained that corporation was originally known as Mikrocoze Inc. and was focused on selling furniture for small spaces. After the resignation of the then-treasurer, the corporation participated in a “Business Combination” merger under Canadian law with Instadose Canada, a corporation that focuses on selling pharmaceutical grade agricultural products including cannabis.

Mon
03
Jan

This Cannabis Co. Beat Tilray As Best Performer Among Canadian LPs As Stocks Plunge Over 13%

stock market

It seems the losing streak continues for the Canadian Cannabis LP Index for the sixth month now, after declining 13.5% in December to 194.95, New Cannabis Ventures writes. (Click for Benzinga article)

After a 1% gain in June, the index retreated nearly 27% in the third quarter.

The index, which fell 30.1% in 2020 to end at 275.16, dropped 26% in the fourth quarter and 29.2% for all of 2021.

In addition, it remains considerably below the all-time closing high of 1314.33 in September 2018. A new multi-year closing low of 196.10 was recorded in March 2020.

Pages

Subscribe to RSS - Marijuana Business News