Marijuana Business News

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stocks
business
Wed
20
Mar

The future of cannabis: Edibles & oil based products

Sure the business of growing dried flower for smoking continues to grow. But even more rapid expansion of product offerings await cannabis and CBD shoppers who want to avoid burning their product to consume it.  

Wed
20
Mar

Strathroy pot producer set to become major player in cannabis market

A Strathroy, Ont.-based cannabis producer had secured financing from a major Canadian bank for an expansion that will make the company one of the largest pot producers in the country. 

Eve & Co. Incorporated has secured a $18.7 million loan to add an extra 1-million square feet to its facility west of London. 

When the greenhouse expansion is complete, the company will be able to boost production from 10,000 kg annually to 50,000 kg annually. 

Wed
20
Mar

Canopy Rivers teams up with LeafLink for international venture

Canopy Rivers Inc. (TSXV: RIV) is teaming up with LeafLink, Inc. to create LeafLink Services International ULC. The new venture will exclusively license and leverage LeafLink’s dominant business-to-business (B2B) marketplace and supply chain technology platform for deployment throughout regulated international cannabis markets.

Wed
20
Mar

California is growing so much marijuana it could crash the market

California has too many marijuana farms — growing too much product — and if nothing is done it will devastate the industry, according to a 2019 cannabis harvest projection.

Vessel Logistics, a San Francisco-based cannabis distribution company, found that more than 1,142 acres of cannabis farms hold state permits. They can produce up to 9 million pounds of crop every year, but the permitted wholesale market can realistically support 1.8 million to 2.2 million pounds.

“Thus, even when a 50 percent cut in production is accounted for, a significant oversupply is unavoidable in 2019,” the report concluded.

Wed
20
Mar

Canada: Partners in pot

The educated guesses of some industry insiders are none-too-comforting: Canada’s cannabis shortage—not so nationally, but definitely an issue regionally—looks to have peaked a mere five months post-legalization, but could still last upwards of three years.

Wed
20
Mar

What you missed in Latin American Cannabis this week

 

Latin America has the potential to be one of the largest medical marijuana markets in the world.

In addition to foreign investments, new legislation, and special cultivation licenses, here are some stories you might have missed about cannabis in Latin America this week.

 

 

Argentinian engineers develop cannabis extractor

In February, the Faculty of Design and Urbanism at the University of Buenos Aires unveiled a prototype design of a medicinal cannabis oil extractor called Nectar.

Wed
20
Mar

Tilray: 7 facts about this marijuana stock's quarterly performance

Canadians spend about $6 billion per year on marijuana, and until recently, most of that spending has been done in the shadows. However, Canada's recreational adult-use market opened for business last October, so billions of dollars could shift from the black market to publicly traded cannabis companies. One of the industry's biggest companies by market capitalization is Tilray (NASDAQ:TLRY).

Wed
20
Mar

Cannabis investors eye Uruguay in push for global weed exports

Serious marijuana money is starting to show up in Uruguay.

Almost six years after the South American country of 3.4 million people legalized cannabis, investors are betting Uruguay can become an export hub for medical marijuana as the industry expands around the world.

Silverpeak Life Sciences Uruguay Inc, one of the largest companies in the country’s nascent medical marijuana industry, is in talks with investment bankers to raise US$35 million this year to quadruple production and build a larger extraction lab in 2020, according to chief executive officer and U.S. cannabis investor Jordan Lewis.

"Our planned and desired expansion would be about 25 tons next year and that should push us above US$100 million in revenue," Lewis said.

Wed
20
Mar

Everything you should know about CBD-infused meals

From California to New York, infused meals have become a mainstay of today's cannabis culture, providing a focal point around which both enthusiasts and canna-curious may gather socially and learn about the plant. While THC-infused meals happen speakeasy style in states that have yet to pass adult use regulations, CBD-infused meals are ubiquitous, writes Danielle Guercio.

Tue
19
Mar

Canaccord Genuity sets sights on acquiring cannabis business with value of $100 million to $1 billion

Canaccord Genuity Growth II Corp. is looking to beef up its complement of cannabis-related businesses with the move to file a preliminary prospectus for an initial public offering (IPO) as a newly organized special purpose acquisition corporation (SPAC).

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