Marijuana Business News

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stocks
business
Fri
31
May

A completely unknown pot stock aims to be Canada's third-largest cannabis grower

The marijuana landscape is transforming before our eyes. What had once been an industry that politicians swept under the rug is now considered mainstream throughout most of North America and Europe. Canada became the first industrialized country to legalize recreational weed this past October; Mexico stands ready to give adult-use pot the green light within the next few months; and two-thirds of all U.S. states have OK'd medical marijuana in some capacity, even as the drug remains illicit at the federal level.

Fri
31
May

Why Zenabis (TSX:ZENA) stock is a steal at the current price

One cannabis stock that may be falling under your radar is Zenabis Global (TSX:ZENA). Zenabis is a Canadian licensed producer of medical and recreational cannabis and is also involved with the production of floral and vegetable products.

Zenabis currently operates three facilities strategically located on the East and West Coast of Canada, with a fourth facility expected to receive its production licence by Q2 2019. At full capacity, Zenabis could become one of the largest producers of cannabis in the world with 131,283 kg of capacity expected by early Q3 2019.

Thu
30
May

Organigram Holdings Inc. (OGRMF) fulfills gap in Canadian CBD market with Edison CBD oil

Organigram Holdings Inc. (TSX VENTURE: OGI) (OGI.V), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce it has recently shipped more than one hundred and thirty thousand units of pure cannabidiol (CBD) oil destined for markets across Canada .

The recent legalization of adult-use, recreational cannabis in Canada has resulted in an increased demand for CBD, a naturally occurring compound in cannabis which has no psychoactive effect.

Thu
30
May

Canada's largest outdoor cannabis farm ready for growth

After receiving the greenlight from Health Canada, preparations are underway in southern Ontario for what will soon be Canada’s largest legal outdoor cannabis farm.

Located on 100 acres of land in Brant County, just west of Hamilton, Ont., 48North’s farm is about to be home to 250,000 marijuana plants.

The company already operates two indoor cannabis facilities in Ontario, in Kirkland Lake and Brantford, but the owners call this particular undertaking “unprecedented” in the country.

“It’ll be Canada’s largest and likely the world’s largest legal cannabis farm,” Jeannette Vandermarel, a co-CEO and director of 48North, told CTV News Kitchener on Tuesday.

Thu
30
May

2 billionaires just bought Aurora Cannabis stock -- Should you?

Aurora Cannabis (NYSE:ACB) is arguably the most popular pot stock on the market right now. Multiple analysts like it, and Aurora is attracting the attention of lots of millennial investors. And at least a couple of billionaires have jumped aboard the Aurora train.

Thu
30
May

Is now a good time to buy Canopy Growth Corp (TSX:WEED)?

Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is the largest cannabis company in the world by market cap. Despite the firm being widely regarded as one of the best equipped to profit from the growing marijuana sector, many investors think Canopy is currently overvalued. However, Canopy’s share value has decreased by about 15% over the past month at writing. Is now a good time to purchase shares of the Ontario-based pot company?

Thu
30
May

Short interest is surging for the most popular pot stock

Forget bitcoin -- marijuana remains the hottest viable investment opportunity on Wall Street. Rather than relying on intangible digital tokens, investors have witnessed the potential of the legal marijuana industry firsthand, which has been generating tens of billions of dollar a year in the black market for decades. With Canada having legalized recreational weed in 2018, and new markets moving toward a legalized environment with each passing year, the legal cannabis environment could prove very profitable to patient investors.

Thu
30
May

3 companies you absolutely know will be bigger 20 years from now!

As much as we would like to tell ourselves sometimes that it isn’t, investing is very much about being a “long person’s game” where patience, discipline, and foresightedness pay off. And as we’ve seen more recently, markets can sometimes act in unforeseeable and unexpected ways, making the aim of trying to “time the markets” a mug’s game at best.

But the good news is that once you’ve locked this distinction in, it’s actually something that will end up working in your favour as an investor.

Wed
29
May

Cannabis Canada Daily: Charlotte’s Web to trade on TSX after delisting from CSE

Acreage receives support of 91% of shareholders ahead of Canopy Growth vote

Wed
29
May

Buds & Duds: Cannabis stocks nudge up as Namaste shares continue to rise

Cannabis stocks had an upbeat start Tuesday, with shares broadly up across US and Canadian markets.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.6% to 273.8 points on Tuesday. The Horizons Marijuana Life Sciences Index ETF slipped 0.2% to C$20.18.

Buds

Namaste Technologies Inc (CVE:N) (OTCMKTS:NXTTF) shares continued to rise on Tuesday, up 6.1% at $0.66 in New York, up 3.6% at C$0.87 in Toronto.

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