Marijuana Business News

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Thu
14
Feb

US edibles company seeks entry to Canadian market

Bhang Corporation will host two “educational sessions” on Friday (February 15) and Saturday (February 16). to offer consumers a closer look at the Bhang product line and to familiarize themselves with the best approach to edible product consumption.

“We are excited to bring future Canadian consumers the opportunity to learn more about the benefits and safe usage of our edible products,” Scott Van Rixel, CEO of Bhang, said on Wednesday (February 13).

Thu
14
Feb

The 3 top marijuana penny stocks to watch in February 2019

Investing in the top marijuana penny stocks on the market can be an exciting way to grow your portfolio. They give investors an affordable entry point into one of the hottest markets in the United States.

In fact, the top marijuana penny stocks to watch in February 2019 can bring gains as high as 300%.

Local and federal governments have been legalizing cannabis more and more over the past year. That's only going to increase the size of markets and the amount of demand. Let's look at all the milestones. In mid-October 2018, Canada legalized pot all across the country. In late October, the incoming Mexican government said it would take steps to legalize cannabis.

Wed
13
Feb

Why Supreme Cannabis Company Inc (OTCMKTS:SPRWF) should be on the radar

The past two sessions have featured an interesting pullback in shares of Supreme Cannabis Company Inc (OTCMKTS:SPRWF). This has been one of the most notable comeback stories in the Canadian cannabis patch thus far in 2018, with the stock as much as doubling since late December on strong volume. We have been fans of the story over that time, would suggest traders and investors keeping a close eye on the action in case we see a confluence support test of both the 50-day and 200-day moving averages, which could align in the $1.35 area if the stock dips a little bit further.

Wed
13
Feb

Biome Grow announces pact with CBD Acres for CBD extract

Biome Grow Inc (CSE:BIO) (OTCQB:BIOIF) announced Tuesday that it has entered into a Memorandum of Understanding (MoU) with CBD Acres Manufacturer Inc providing Biome with preferential access to a high-quality, low-cost supply of Cannabidiol (CBD) concentrate.

The agreement is for a five-year period and positions CBD Acres as the supplier for Biome Grow with a commitment of up to 20,000 kg per year of locally sun-grown, hemp-based CBD extract using the company’s Nano lipid, solventless extraction process. CBD Acres extraction process is void of any harmful chemical solvents.

Wed
13
Feb

Marijuana investors: Did you just miss out on the buying opportunity of the year?

2019 has been quite the year for Canada’s leading marijuana stocks. So far, at least. There’s still a lot of time left.

Canopy Growth Corp (TSX:WEED)(NYSE:CGC) is a prime example. Shares ended 2018 on a severe down note, falling from a high of $76 each all the way down to $36. That’s more than a 50% drop from when marijuana was officially legalized to the end of the year, the exact time Canopy Growth shares were expected to soar into the stratosphere. But that’s nothing but a distant memory, at least for folks who held on. Canopy shares are up more than 64% thus far in 2019, and that’s even after a bit of a pullback in the last week.

Wed
13
Feb

Better marijuana stock: The Green Organic Dutchman vs. Green Thumb Industries

You probably hear a lot about the biggest marijuana stocks that are sizzling hot right now.

But several other marijuana stocks are also performing really well so far in 2019, including The Green Organic Dutchman (NASDAQOTH:TGODF) and Green Thumb Industries (NASDAQOTH:GTBIF).

The Green Organic Dutchman is up nearly 40% year to date, while Green Thumb Industries stock has soared over 50%. Which of these two lesser-known but high-flying marijuana stocks is the better pick for investors?

Wed
13
Feb

How marijuana giant Canopy Growth became Constellation Brands' brightest star

Constellation Brands (NYSE:STZ) wasn't always a household name among investors. Even with high-profile holdings in the beer and spirits world, including brands like Corona and Modelo, Constellation largely took a back seat to other players in the alcohol industry.

Wed
13
Feb

Buy medical marijuana stocks for legal pot’s next leg up

It is expected that within the next year, the U.S. government will move closer to legalizing medical marijuana. And as that eventual legalization progresses, all related stocks will climb higher in anticipation.

Statistics indicate that adult Americans are largely behind the push toward the legalization of medical cannabis. A HealthDay/Harris poll taken last year shows 85% of adults in favor of such a move.

Wed
13
Feb

3 Canadian cannabis stocks with Colombian export edge

On February 7, 2019, the first authorization from the Colombian government last week to export medical cannabis for scientific purposes to Canada was awarded to a private Colombian Cannabis company called Clever Leaves. Clever Leaves, which is funded by New York based Northern Swan Holdings, obtained an import license from Health Canada on January 19, 2019.

Tue
12
Feb

Buds & Duds: GrowGeneration rallies after acquiring Reno Hydroponics assets

Cannabis stocks in the US and Canada started the week on a negative note, trading in the same direction as the Dow Jones Industrial Average.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, dropped 0.7% to 273.87 on Monday.

Buds

GrowGeneration Corp (OTCMKTS:GRWG) advanced 4.6% to US$3.39 after announcing that it has acquired the assets of Reno Hydroponics.

The Reno, Nevada, store will be the Denver-based cannabis company’s 23rdlocation and its second in Nevada.

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