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Tilray CEO: Growth Should Continue For 'Quarters And Years'
Wednesday, August 14, 2019 - 10:14am | 432Cannabis company Tilray Inc (NASDAQ: TLRY) reported a 323% year-over-year second-quarter revenue increase Tuesday. In an interview with CNBC following the earnings release, CEO Brendan Kennedy said he expects to see continued growth in the "coming quarters and years." What Happened Tilray...
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Tilray Posts Wider-Than-Expected Q2 Loss, Revenue Beat
Tuesday, August 13, 2019 - 4:17pm | 401Tilray Inc (NASDAQ: TLRY)'s second-quarter revenue rose 371.1% year-over-year to $45.9 million, the Canadian cannabis company said Tuesday. The number beat the consensus estimate of $41.1 million. The company's earnings per share loss of 32 cents was wider than the Street was expecting,...
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New Study: Adult-Use Cannabis Availability Reduces Opioid Deaths
Tuesday, August 13, 2019 - 12:16pm | 559Researchers from the University of Massachusetts and Colorado State University released a new study on the impact recreational marijuana laws have on opioid-induced deaths. The study links the availability of adult-use cannabis to a decrease in deaths by opioid overdose. The study found that...
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Cannabis Stock Gainers, Losers From August 12, 2019
Monday, August 12, 2019 - 4:34pm | 766Gainers Aurora Cannabis Inc (NYSE: ACB) shares rose 0.61% to close at $6.58. Aphria Inc (NYSE: APHA) shares gained 3.47%, closing at $6.56. Greenlane Holdings Inc (NASDAQ: GNLN) shares gained 3.38%, closing at $8.86. Hexo Corp (NYSE: HEXO) shares increased by 0.42% to...
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Pro Basketball Player Jonas Lalehzadeh Launches Luxury Cannabis Brand
Monday, August 12, 2019 - 3:41pm | 193Herbés, a new cannabis company pursuing the luxury market, is launching this month with two products: a 2-gram "cannagar," or cannabis cigar, and regular flower. Created by former Iranian-American international basketball player Jonas Lalehzadeh, the new brand will...
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Medicine Man Enters Binding Agreement To Buy Colorado Extract Brand Dabble
Monday, August 12, 2019 - 1:08pm | 298Medicine Man Technologies, Inc. (OTC: MDCL) said Monday it has entered into a binding term sheet with the award-winning Colorado-based cannabis concentrate brand Dabble Extracts. Under the terms of the agreement, Medicine Man will pay $3,75 million for the company: $750,000 in cash and 996,678...
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CannTrust Plummets 25% After Non-Compliance Ruling From Health Canada
Monday, August 12, 2019 - 8:42am | 516Shares of cannabis company CannTrust Holdings Inc (NYSE: CTST) fell 25% early Monday after the company said it accepts a new negative Health Canada ruling. What Happened CannTrust said in a press release that it failed a Health Canada inspection during the period of July 10-16. The company...
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'Generation-Defining Opportunity': Dixie Brands, Arizona Iced Tea Partner On Cannabis-Infused Products
Thursday, August 8, 2019 - 2:30pm | 409Cannabis consumer packaged goods company Dixie Brands (USA) Inc (OTC: DXBRF) announced an agreement Wednesday with iced tea maker AriZona to explore the production of cannabis-infused products. What Happened Dixi Brands and AriZona said in a press release that they signed a binding letter of...
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Avicanna, Sigma Analytical Partner On First GMP/GLP Cannabis Testing Lab In South America
Thursday, August 8, 2019 - 1:35pm | 416Cannabis researcher and cultivator Avicanna announced a joint venture Thursday with the Canadian full-service testing and research laboratory Sigma Analytical Services Inc. to set up the first cannabis-exclusive analytical facility in South America that Canadian, European, U.S. and EU GMP...
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Tilray Receives US Approval For CBD Imports, Says It Will Assist 2 NYU Studies
Thursday, August 8, 2019 - 11:50am | 254Tilray, Inc. (NASDAQ: TLRY) said Thursday that it has received approval from the United State government to import CBD and has successfully brought in a shipment to support two New York University School of Medicine clinical trials. The trials aim to test CBD as a treatment for...
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Canopy Growth, Greenlane Strike Exclusive Distribution Deal For Storz & Bickel Vaporizers
Thursday, August 8, 2019 - 7:36am | 423Greenlane Holdings, Inc. (NASDAQ: GNLN) and Canopy Growth Corporation (NYSE: CGC) announced a partnership Thursday for the exclusive distribution of Storz & Bickel vaporizers throughout the United States. Greenlane is a major global distributor of cannabis accessories, CBD and liquid nicotine...
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The Green Organic Dutchman Applies For Nasdaq Listing
Wednesday, August 7, 2019 - 12:04pm | 380cannabis company Green Organic Dutchman Holdings Ltd (OTC: TGODF) said Wednesday that it has applied to list its stock on the Nasdaq exchange. What Happened Green Organic Dutchman focuses mostly on the medical cannabis space, with exposure to Canada, Europe, the Caribbean and Latin America....
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Aphria CEO Talks Earnings, Plans To Eliminate $5B Illicit Cannabis Market
Tuesday, August 6, 2019 - 11:37am | 426The illicit or "black" cannabis market in Canada is valued at around $5 billion, and Aphria Inc (NYSE: APHA) wants to replace it with its legal brands, interim CEO Irwin Simon told CNBC's Jim Cramer Monday. Aphria is a consumer packaged goods company at its core and is backed by...
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Canadian Cannabis Grower Zenabis Boosts Capacity By 30% Following License Win
Tuesday, August 6, 2019 - 10:23am | 382Zenabis Global Inc (OTC: ZBISF) announced Tuesday a Health Canada licensing win that will augment its annual production capacity by roughly one-third. What Happened Zenabis Global said it received a cultivation license for Zenabis Langley from Health Canada on Friday. Zenabis Langley is...
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'The Next Evolution Of Cannabis Financing': Inside Harvest Health & Rec's $225-Million Loan
Monday, August 5, 2019 - 4:04pm | 453Last week, vertically integrated cannabis company Harvest Health & Recreation Inc. (CSE: HARV) (OTC: HRVSF) and investment firm Torian Capital Partners signed an agreement for $225 million in asset-backed financing. The loan is intended to fund rapid expansion as...