North America

Fri
01
Feb

Cannabis retail tech companies to watch in 2019

Licenses for cannabis operators are multiplying as fast as the plants can be grown. According to Cannabiz Media, in the fourth quarter, the state of Connecticut doubled their dispensaries from nine to 18 and Oklahoma went on a license issuing frenzy. By the end of 2018, the Sooner state issued 805 dispensary licenses, 1,302 growers and 341 processors.

Fri
01
Feb

The main players behind Green Growth Brands’ bid for Aphria

 

Columbus, Ohio-based Green Growth Brands Inc. launched its formal takeover offer for Aphria Inc. late Tuesday, the latest twist in a dramatic sequence of events that has seen the Canadian cannabis producer beset by allegations of paying inflated prices for assets held by insiders, executive departures, and a plunging share price.

 
 
 
 
 

Here’s a closer look at some of the main players involved:

Fri
01
Feb

Tilray names former Coca-Cola, Diageo, Nestle execs to top ranks

Tilray Inc. (TLRY.O) announced the appointment of four new senior executives on Thursday as the Canadian pot producer looks to bolster its top ranks amid a push to expand globally.

The Nanaimo, B.C.-based company said it hired former Nestle SA executive Greg Christopher as its new executive vice president of operations, where he will manage the strategic development and expansion of its cannabis supply chain. Tilray also named former Coca-Cola Co. counsel Dara Redler as its new general counsel.

Fri
01
Feb

7 best marijuana strains to grow in cold weather

Right now the Midwest is getting hit with a Polar Vortex that’s driving temperatures below zero degrees, writes Joseph Misulonas. And while marijuana cannot grow at this temperature, there are some strains of cannabis that are more resilient to the cold than others. Although we should note that “cold” weather for growing cannabis is below 60°F.

 

Here are seven marijuana strains that are better for growing in colder temperatures:

Fri
01
Feb

2 marijuana growers that offer the best bang for your buck

The marijuana industry had itself one heck of a year in 2018, even if pot stocks didn't perform as well as they have in years past. More specifically, Canada became the first industrialized country in the world to give adult-use weed the green light, ending nine decades of prohibition and rolling out the red carpet to what should be billions of dollars in added annual sales.

Thu
31
Jan

Study: CBD-dominant cannabis oil safe and effective in autistic patients

The administration of plant-derived cannabis extracts is effective and well-tolerated in patients diagnosed with autism spectrum disorders (ASD), according to data published in the journal Scientific Reports.

Thu
31
Jan

Is Canopy Growth Corp (TSX:WEED) about to be dethroned?

It’s an exciting time for the cannabis industry. After sustaining heavy losses in the second half of last year, marijuana stocks are back and kicking, with Canopy Growth Corp (TSX:WEED)(NYSE:CGC) having gained 63% in the first 25 days of January.

Thu
31
Jan

This silly fight is pitting marijuana stocks against each other

Marijuana investing is back in the spotlight in 2019, with many major marijuana-production stocks seeing nice bounces after a tough showing last year. As interest in cannabis has grown, more and more companies have sought to profit from the craze, and that has led to companies making efforts to get their shares listed on public markets both on exchanges in Canada, as well as on major stock markets in the U.S. like the NYSE and Nasdaq.

Thu
31
Jan

Is going global the wrong move for cannabis stocks?

Many Canadian pot stocks have been fighting for positioning across the globe in the hopes of securing first-mover advantages in key countries. However, I’m not sure that is the correct strategy with so many opportunities in North America alone.

While pot sales totaled $54 million in November, in what was the first full month of recreational pot being legalized in Canada, supply issues have continued to plague the country. Sales weren’t all that impressive given how strong the numbers were in October with just two weeks of sales totaling $43 million. It’s therefore no surprise that a province like Prince Edward Island was able to claim the highest per capita sales in November, especially since Ontario and B.C. are nowhere near running at full capacity.

Thu
31
Jan

Will the Canadian medical cannabis market survive?

Quarterly earnings results covering the post-recreational-marijuana-legalization period in Canada will flood the media in February, allowing the market to assess the performance of the industry players and to somehow refine expectations for the local cannabis market and the seemingly weakening medical cannabis segment.

High revenue-growth rates are backed into anything marijuana related today, as the nascent adult-use market is expected to catapult revenues and earnings for the pot industry going forward, but lower wholesale prices and excise taxes are hurting margins, yet the medical cannabis segment affords licensed producers (LPs) the opportunity to capture the full retail margins through direct sales to clients.

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