Marijuana Business News

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stocks
business
Fri
23
Nov

What Canadian cannabis investors need to know about crossing the U.S. border

A B.C. cannabis industry investor who was planning to attend a conference in Las Vegas last week ended up stuck in Canada with a lifetime ban on entering the United States. The man’s lawyer says the case is a reminder that Canadians need to think twice about what they tell U.S. border agents.

Immigration lawyer Len Saunders told CTV News Channel that a U.S. Customs and Border Protection agent stopped the man and asked why he was going to Las Vegas. The man said he was going to a cannabis conference and planned to tour a marijuana production facility in Nevada, where recreational cannabis has been legal since 2017.

Fri
23
Nov

Which pot stock is a better buy: Aurora Cannabis Inc. (TSX:ACB) or Canopy Growth Corp. (TSX:WEED)?

On October 17, Canada became the second country in the world after Uruguay to legalize recreational cannabis. The opening of this new market and the arrival of new customers should have a positive impact on the results of cannabis producers.

In the meantime, marijuana stocks saw a big sell-off following legalization. There was a kind of euphoria in the days preceding the legalization, which led to a bubble.

Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and Canopy Growth Corp. (TSX:WEED)(NYSE:CGC), two big players in the market, have been hammered down despite having strong growth perspectives.

Fri
23
Nov

What lies ahead for OrganiGram Holdings Inc (OTCMKTS:OGRMF)

Shares of OrganiGram Holdings Inc (OTCMKTS:OGRMF)continue to hold onto that precious 200-day simple moving average. Recent action has indicated the stock is in the ‘wheat’ class rather than the ‘chaff’ class. But the actual levels set to define the pattern through year-end are still up for grabs. To further flesh out the story, the company just announced its slate of director nominees for election at its next Annual and Special Meeting of shareholders to be held at the offices of McMillan LLP, Brookfield Place, Suite 4400, 181 Bay Street, Toronto, Ontario M5J 2T3, on Friday, December 7, 2018 at 10:00 a.m.

Fri
23
Nov

The Netherlands’ master weed growers are flocking to Canada

It’s a rare Dutch traveller who hasn’t heard some version of “Amsterdam? I’ve smoked a doob or two there.”

Forty years of coffeeshops in the Netherlands have created Europe’s best known stoner haven. The most famous of those coffeeshops is arguably Green House, which has counted Rihanna, Snoop Dogg and Eminem among its patrons.

Fri
23
Nov

Green Organic Dutchman partnership is worth toasting

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), one of the Canadian cannabis stocks, announced recently that it has entered into a supply partnership with Velvet Management Inc. The partnership is for the sale and distribution of cannabis to provincial liquor and cannabis boards across Canada.

Fri
23
Nov

Why TSX stocks are doing so badly in 2018

2018 hasn’t been the best year for the S&P/TSX Composite Index. After adding some gains early in the year, stocks started falling in October and have been trending downward ever since. Although the market carnage we’re witnessing now may not last until the end of the year, it’s already been going on long enough that some are calling it a bear market. In fact, as of Tuesday, the index’s gains were negative for the year.

But why exactly is the TSX doing so badly right now? And what should investors do to protect themselves? To answer these questions, we need to take a look at a little economic history.

Thu
22
Nov

London marijuana producer Indiva gets foothold in Europe

Indiva announced on Wednesday that it has signed a letter of intent with AEssence Europe, a subsidiary of a California-based hydroponics provider, to acquire a medical cannabis cultivation licence in Denmark.

The deal — funded with $1.1-million cash and 1.6 million Indiva shares — is part of the London company’s plan to create Indiva Europe, a wholly-owned subsidiary that will oversee its operations on the continent where a growing number of countries are legalizing medicinal marijuana.

Thu
22
Nov

Is it time to buy Aurora Cannabis (TSX:ACB) or Tilray (NASDAQ:TLRY) Stock?

Cannabis stocks have fallen from their recent highs, which has investors who missed the big rally wondering if this is the best opportunity they will have to add marijuana stocks to their portfolios.

Let’s take a look at Aurora Cannabis(TSX:ACB)(NYSE:ACB) and Tilray(NASDAQ:TLRY) to see if one deserves to be on your buy list right now.

Thu
22
Nov

4 Canadian marijuana stocks set to get the biggest marketing bang for its buck?

October 17, 2018 was a significant day not just for cannabis legalization but also for cannabis advertising. New laws were introduced banning companies from partaking in advertisements, sponsorships, endorsements and promotions that associated cannabis with an attractive lifestyle. However, many analysts noted an increased expense on selling and marketing in the most recently quarterly reports within the cannabis sector with Canopy Growth Corp (TSX:WEED) leading the way. In general, the expenses show the efforts of cannabis organizations trying to promote their brands to the public in the months leading up to Oct.

Thu
22
Nov

National Access Cannabis becomes Canada's largest private recreational cannabis retailer by store count, leading the country with 17 stores

National Access Cannabis Corp. ("NAC" or the "Company") (TSXV: META), a best-practices leader in delivering secure, safe, and responsible access to legal cannabis in Canada, today announced that another eight NewLeaf Cannabis™ ("NewLeaf") retail locations have received cannabis retail licenses and are expected to open this week in Alberta and one new Meta Cannabis Supply Co™ ("META") store has received a cannabis retail license and is expected to open this week in Manitoba.

The addition of nine new stores more than doubles the national number of NAC-owned and licensed cannabis retail stores to 17 — the most of any cannabis retailer in the country, excluding the Government of New Brunswick.

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