North America

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).

Tue
19
Mar

Cannabis café a hazy relic as marijuana's new retail paradigm takes over

Peter Horvath does not particularly like the idea of a cannabis cafe. He does not like a lounge either — or a bar, or any place to buy and sit and use cannabis.

“It sounds like a repulsive experience to me,” the chief executive of Green Growth Brands, a cannabis producer with a burgeoning retail division, said over the phone from Columbus, Ohio.

Low-margin cafes and smokey consumption lounges, Horvath said, are just impractical. “So how do you make money?” he asked. “It’s like saying, ‘I want to own bars.’ Have you ever watched a Bar Rescue episode? What a mess bars are.”

Tue
19
Mar

Tilray Stock rises in after market trading on earnings

Tilray Inc. (TLRY) delivered its full year and fourth quarter results on Monday after the closing bell. The stock initially dipped, but then reversed course to move higher by 3% to lately trade at $74.50.

Fourth Quarter

Revenue increased to $15.5(C$20.9) million, up 203.8% compared to the fourth quarter of last year and beating the Yahoo! Finance analyst average estimate for $14.15 million. The company said that revenue was driven by bulk sales, inaugural sales in the Canadian adult-use market and accelerated wholesale distribution in export markets.

Tue
19
Mar

The man behind Jelly Belly is launching a new cannabis-infused candy

When it comes to cannabis-infused candies, the first things that come to mind are chocolate bars and gummi bears. But one famous candy maker is hoping to change that by introducing a line of cannabis-infused jelly beans, writes Calvin Hughes.

Tue
19
Mar

5 big predictions for cannabis this year

Just a few months into 2019, and it’s proving to be another wild year for the cannabis industry. More states will legalize cannabis both for medical and recreational use, and pressure is mounting on the federal government to follow suit. 

Here are some trends to watch. 

Tue
19
Mar

3 marijuana stocks to watch this spring

The cannabis stock sector is currently the hottest sector, and you can make big money by buying pot stocks. However, while there are many companies that are trading publicly to choose from, you should be careful, because not all of them will survive in the long term.

To help you in your choice, I’m presenting three promising pot stocks that could boom in the coming months.

Tue
19
Mar

Wana Brands Continues Partnership with Endurance Athlete Flavie Dokken

Leading Cannabis Edibles Producer Enters Second Year with Long-Distance Runner to Raise Awareness for Cannabis’ Positive Role in Training and Recovery

Mon
18
Mar

Can legal weed ever beat the black market?

One big reason to legalize cannabis is to wrest the market away from criminal enterprises and tax the proceeds. But in Canada and the US states where weed is legal, the illegal market has proven to be a tenacious competitor – and it’s likely to remain so for years.

Mon
18
Mar

Curaleaf acquires Acres Cannabis In $70 million deal

Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) is

Mon
18
Mar

3 things to watch in the stock market this week

Stocks posted significant gains last week, with both the Dow Jones Industrial Average and the S&P 500 rising by about 2%. The increase pushed the S&P 500 to a new 2019 high, with the Dow trailing slightly.

A few of the most anticipated quarterly reports over the coming days will be announced by Tilray (NASDAQ:TLRY), FedEx (NYSE:FDX), and Guess? (NYSE:GES). Below, we'll look at what investors can expect to see from these companies.

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