CGC Cannabis & Hemp News

04/03/2020 - 9:49pm
CGC
Canopy Growth Wins Canadian Medical-Device License for Pot Vaporizer - The Motley Fool
Canopy Growth Wins Canadian Medical-Device License for Pot Vaporizer The Motley Fool (Vaporizers)
04/03/2020 - 8:40pm
CGC
Canopy Growth Wins Canadian Medical-Device License for Pot Vaporizer - Nasdaq
Canopy Growth Wins Canadian Medical-Device License for Pot Vaporizer Nasdaq (Vaporizers)
04/03/2020 - 6:13pm
CGC, TWMJF
STZ's take on Canopy - 3 April 2020
Finally, we're very encouraged by the steps David Klein is taking in his new role as CEO of Canopy Growth. David and the Canopy team recently announced their focus on four key areas, improving Canopy's connection with consumers, instilling greater focus and discipline across the organization, defining visible path for profitability and positive cash flow, and building the Company's credibility with key stakeholders. Canopy continues to be the global leader in total cannabis sales, with a leading market share in Canada. The Company recently took steps to right size its business to better align with consumer demand and position the Company for long-term success. Canopy just launched its first cannabis beverage product, Tweed Houndstooth & Soda, which has received an overwhelmingly positive consumer response. And they plan to roll out additional beverage products over the next few months. And I can tell you, they are awfully good. These are game-changers. They also have completed... (Batteries, Beverage, Canada, Cannabis, Edibles, Products, Soda)
04/03/2020 - 2:06pm
CGC, NEPT
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 394 (NASDAQ: NEPT) (TSX: NEPT) (TSXV: RLV) (TSX: WEED) (NYSE: CGC) - InvestorIdeas.com
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 394 (NASDAQ: NEPT) (TSX: NEPT) (TSXV: RLV) (TSX: WEED) (NYSE: CGC) InvestorIdeas.com (Cannabis, Stocks)
04/03/2020 - 11:12am
CGC
Canada: medical cannabis is essential • Canopy’s board transformation • Australia’s cannabis access review • & more…
The Cannabis Wire Daily newsletter is sent to C-Wire Plus subscribers every weekday morning at 7 a.m. Excerpts are published here later in the day. Don’t miss the full picture. Subscribe now . Canopy Growth’s board transformation is complete. And then there were none. And by none we mean none of the pre-Constellation board members at Canopy Growth. Ever since the alcohol giant invested $4 billion into the Canadian cannabis company, one of the largest in the world, one-by-one the original Canopy executives and board members have been replaced. The one that made the headlines was the ouster last year of Canopy co-founder and CEO Bruce Linton. He was subsequently replaced by David Klein, who stepped in, unsurprisingly, from Constellation. Yesterday, Canopy announced that John Bell and Peter Stringham, the last two remaining pre-Constellation board members, would “retire” from the board. They will be replaced by Terry Yanofsky, a former SVP at Sephora Canada, and David Lazzarato, a former... (Alcohol, Australia, Canada, Cannabis, Medical Marijuana, Processing, Products, Regulations)
04/03/2020 - 6:55am
ACRGF, GWPH, CGC, VREOF
Who Lobbied on Cannabis in New York During the Latest Legalization Push?
The effort to legalize adult use cannabis through New York’s budget process fizzled this week after New York Governor Andrew Cuomo said on Tuesday that there’s just “too much, too little time,” given the COVID-19 outbreak in the state. New York has recorded by far the highest numbers of positive tests and deaths in the country. But before the spread of coronavirus, New York was on track to legalize, and perhaps lead the entire northeast in a coordinated approach with neighboring states like Connecticut and Pennsylvania. Cuomo, who tried to legalize through the budget in 2019, too, said this January when he announced his legislative priorities during his budget address that he believes the budget process is “the opportunity, frankly, to make some tough decisions and work through tough issues that without the budget can often languish.” In the early months of 2020, a flurry of entities filed disclosures that indicated they were lobbying on cannabis issues. Some focused on lawmakers,... (Alcohol, Bar, California, Cannabis, CBD, Colorado, Connecticut, Food, Growers, Hemp, Investment, Law, Legalization, Massachusetts, Medical Marijuana, Michigan, New York, Oregon, Pennsylvania, Products, Regulations, TBD, United States, Extracts, Pharmaceuticals, Cultivation)
04/03/2020 - 12:40am
CGC
Why Legal Pot Was Taking a Hit in Canada, Weeks Before COVID-19 Sent Markets Plunging
The gains cannabis companies were banking on in the lead-up to legalization of recreational sales in October 2018 have not materialized. So, what went sideways? In February, weeks before COVID-19 was declared a pandemic and the stock market was sent into a tailspin, a handful of Canada’s largest cannabis companies were already in layoff mode. In B.C., Canopy Growth was preparing to shutter what was once the world’s largest licensed indoor growing operation, a sprawling… (Banking, Canada, Cannabis, Growing, Legalization, Recreational)
04/02/2020 - 6:26am
CGC
Feds warn company over CBD coronavirus cure claims (Newsletter: April 2, 2020)
AOC: marijuana biz should stay open like liquor stores; Feds fund COVID & cannabis research; WA gov signs equity bill; USDA approves hemp plans Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Email address: Leave this field empty if you're human: Your support makes Marijuana Moment possible… By starting a $10 per month pledge on Patreon —or about 45 cents per issue of this newsletter—you can help us rely less on ads to cover our expenses, hire more journalists and bring you even more marijuana news. https://www.patreon.com/marijuanamoment / TOP THINGS TO KNOW The Food and Drug Administration and Federal Trade Commission sent a letter warning former NFL player Kyle Turley’s company to stop... (Alabama, Alaska, Alcohol, Arizona, Cannabis, CBD, Edibles, Food, Foods, Grower, Hemp, Illinois, Massachusetts, Medical Marijuana, New York, Oklahoma, Products, Research, Rhode Island, Science, South Carolina, Tobacco, Tracking, United States, Venezuela, Virginia, Washington, West Virginia, Wisconsin, Dispensaries, Funding)
04/02/2020 - 4:40am
CGC, CNPOF, TRSSF
TerrAscend Canada Inc, A Subsidiary Of Terrascend Corp (OTCMKTS:TRSSF), Enters A $80.5 Million CAD Loan Financing Accord With Canopy Growth Corp (NYSE:CGC)
TerrAscend Canada Inc, a subsidiary of Canopy Rivers Inc (OTCMKTS:CNPOF), has entered into an $80.5 Million CAD loan financing agreement with Canopy Growth Corp (NYSE:CGC). As per the terms of the deal, Canopy Growth has received 17.8 million common shares purchase warrants from TerrAscend. Well-positioned to capitalize on opportunities CEO and President of Canopy Rivers, Narbe Alexandrian, said it shows the confidence in TerrAscend’s capability to implement the strategic mandate for domestic and international markets. He said the team at TerrAscend is well-positioned to leverage the flourishing opportunities in the regulated jurisdictions using its network and resources. Narbe is pleased with the support extended by Canopy Growth for its portfolio company – TerrAscend. Proceeds for general corporate purposes TerrAscend Canada will use the proceeds to fund the Canadian operations and for general corporate purposes. It will also use the funds to repay indebtedness and to support global... (Canada, Cannabis, Financing, Hemp, Manufacturing, Medical Marijuana, New Jersey, Processing, Products, United States, Dispensaries, Cultivation)
04/02/2020 - 1:59am
CGC
Canopy Growth Adds New Board Of Directors
Canopy Growth announces changes to its board of directors. Canopy Growth Corporation (NYSE:CGC) is pleased to announce that Ms. Terry Yanofsky and Mr. David Lazzarato have been appointed to the Company's Board of Directors, effective immediately. "It is my pleasure to welcome both Terry and David to the board," said Judy Schmeling, Chair of the […] The post Canopy Growth Adds New Board Of Directors appeared first on The Green Fund . ()
04/01/2020 - 4:45pm
CGC
Cannabis Regulators Respond to Coronavirus Concerns
Editor’s note: this story was originally published on March 19 and was most recently updated on April 1. We’ll continue to update as regulators announce new policies. So far, during the COVID-19 pandemic, cannabis sales are through the roof as consumers stock up in anticipation of supply chain disruption. But, despite this upswing, cannabis companies are bracing for impact. As Cannabis Wire reported this week, a dilemma has hit the nascent industry: to close or not to close? Already, Canopy Growth chose to close nearly two dozen shops in Canada, and we’re tracking how other companies are reacting. But what happens in the case of forced closures? Cannabis regulators will have to weigh tough decisions in the coming days as businesses, from gyms to bowling alleys to bars, are asked to close as part of broader efforts to contain the spread of the virus. (While Canadian consumers can legally order cannabis online, should closures occur, changes are taking place north of the border. On... (Arkansas, California, Canada, Cannabis, Cannabis and Hemp, Cleaning, Colorado, Compliance, Connecticut, Consultations, Facilities, Food, Growers, Hawaii, Hemp, Illinois, Iowa, Law, Maine, Management, Maryland, Massachusetts, Medical Marijuana, Mexico, Michigan, Minnesota, Missouri, Monitoring, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Packaging, Pennsylvania, Processing, Production, Regulations, Testing, Tracking, Training, United States, Utah, Washington, Industrial Hemp, Licensee, Dispensaries, Cultivation)
04/01/2020 - 1:53pm
CGC
Canopy Growth Announces Changes to its Board of Directors - Cannabis Business Times
Canopy Growth Announces Changes to its Board of Directors Cannabis Business Times (Cannabis)
04/01/2020 - 11:56am
ACB, APHA, CGC
Legal Cannabis Market 2019-2023 | Legalization Of Cannabis Worldwide to Boost Growth ...
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aphria, Aurora Cannabis, Canopy Growth ... (Cannabis, Legalization)
04/01/2020 - 9:48am
CGC, ACB
Aurora Cannabis' Daily Special might be its saving grace and push the sector toward cheaper, value product
Aurora’s Daily Special value flower may turn out to be their saving grace and also drive the sector in new direction: a sector focused on cheaper, high quality weed. The demand for cheap/value flower increased 15+% from the last quarter, and Aurora noted during their last quarter conference call that this significantly and negatively impacted their net revenue, as they did not have a particular value brand on the shelves (this occurred before Daily Special was released). Since the release of Daily Special in February, Aurora is currently leading in dry flower sale (+10% over next place CGC). Skimming through the thousands of positive reviews on the OCS website and viewing posts over on OCS’s reddit page helps to confirm that the product is extremely well received. I believe that the LPs who are pushing out cheap, but quality product, (especially with current events warranting a demand for cheaper product) will post surprisingly positive quarterly reports (or in the case of Aurora,... (Cannabis, Events, Strains, Lights)
04/01/2020 - 7:36am
CGC
Constellation Brands announces ownership of Canopy Growth shares(May be prelude to option exercise)
submitted by /u/Investor1964 [link] [comments] ()
04/01/2020 - 7:30am
CGC
Canopy Growth Names New Directors
Canopy Growth Announces Changes to its Board of Directors Terry Yanofsky and David Lazzarato appointed as John Bell and Peter Stringham retire from the CGC Board. SMITHS FALLS, ON, April 1, 2020 /PRNewswire/ – Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NYSE: CGC) is pleased to announce that Ms. Terry Yanofsky and Mr. David Lazzarato have been appointed to the Company’s Board of Directors, effective immediately. […] ()
04/01/2020 - 7:04am
CGC, TWMJF
Canopy Growth Announces Changes to its Board of Directors
Terry Yanofsky and David Lazzarato appointed as John Bell and Peter Stringham retire from the CGC Board. SMITHS FALLS, ON—Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) is pleased to announce that Ms. Terry Yanofsky and Mr. David Lazzarato have been appointed to the Company’s Board of Directors, effective immediately. “It is my pleasure to welcome both Terry and David to the board,” said Judy Schmeling, Chair of the Board of Directors, Canopy Growth. “Their leadership and experience in highly competitive industries will be instrumental as we focus the business and evolve into an execution-driven operating company. I also want to thank outgoing board members, Peter Stringham and John Bell, for their contribution and service to the board during times of rapid expansion and growth.” John Bell is the former Lead Director and Peter Stringham Chaired the Corporate Governance, Compensation and Nominating Committee. Ms. Yanofsky has extensive experience... (Alcohol, Canada, Cannabis, Development, Events, Genetics, Growing, Hemp, Media, New York, Partnerships, Production, Products, Research, Retail Stores, Subsidiaries, United States)
04/01/2020 - 7:02am
CGC, OGRMF
Better Buy: OrganiGram Holdings vs. Canopy Growth - Motley Fool
Better Buy: OrganiGram Holdings vs. Canopy Growth Motley Fool ()
03/30/2020 - 7:48pm
ACB, APHA, CGC, HEXO
Hexo and Cronos Reported Earnings, and These Pot Stocks Reacted Very Differently
Aurora Cannabis stock (ACB) was down 13.8% to 89 cents, while Aphria stock (APHA) fell 6.7% to $3.08. Canopy Growth shares (CGC) held up better, ... (Cannabis, Stocks)
03/30/2020 - 12:37pm
HEXO, ACB, CGC, OGRMF
Health Canada Asks Weed Industry for Help with COVID-19 Testing
Canada's legal cannabis industry is stepping up to help fight the ongoing coronavirus pandemic by donating protective equipment and testing services to the medical community. Last week, Health Canada (HC) sent an email to licensed cannabis testing laboratories asking for assistance with COVID-19 testing. "Health Canada is working to identify lab capacity that might be available across the country in various sectors, including at licensed cannabis production sites, to assist with supporting COVID-19 testing," wrote Acting Director General Joanne Garrah, according to BNN Bloomberg . Canadian health officials are struggling to keep track of the spread of this virus, but gaps in testing are making it difficult to identify the total number of cases. Supply shortages and lack of properly-trained medical professionals are causing delays in the testing process, and many patients have been forced to wait weeks for their test results. These testing delays make it hard to keep an accurate count... (Alcohol, Canada, Cannabis, Facilities, Greenhouses, Production, Products, Testing)
03/30/2020 - 6:55am
ACRGF, GTBIF, CGC, HRVSF, TCNNF
Florida: Cannabis Companies Spent Big to Lobby in 2019. What About 2020?
Cannabis businesses, which have increasingly turned to Florida’s rapidly growing market, spent $3.7 million on lobbying in the state in 2019—more than double the year before—according to a Cannabis Wire analysis. What does that portend for an uncertain 2020? What all this 2019 lobbying cash was aimed at is not entirely clear. But it came as state lawmakers, regulators, and the courts weighed issues that could profoundly impact the fledgling industry. These include a legislative cap on the amount of THC in cannabis products, a new law allowing medical patients to smoke cannabis flower, and big industry-shaping court cases challenging everything from the number of cannabis companies licensed in the state to Florida’s medical cannabis law itself. The lobbying increase also signals that the Sunshine State has been viewed as a land of opportunity for cannabis companies, especially big ones. “The Florida market looks ripe for opportunity,” said Andrew Livingston, director of economics and... (Cannabis, Florida, Growing, Hemp, Law, Medical Marijuana, Products, Regulations, Research, Seed to Sale, United States, Vertical Integration, Vertical Integration, Vertically Integrated, THC, Dispensaries)
03/30/2020 - 1:04am
ACB, CGC
DEA Takes Steps to Approve Cannabis Cultivation Applications, States Issue New Rules for Industry Amid COVID-19 Concerns: Week in Review
DEA Takes Steps to Approve Cannabis Cultivation Applications, States Issue New Rules for Industry Amid COVID-19 Concerns: Week in Review The COVID-19 pandemic is forcing governments worldwide to take drastic measures to “flatten the curve” and reduce economic fallout, and Canada is no exception. The Great White North closed its border with the U.S. for all non-essential travel (goods are not included in that shutdown), shuttered schools, colleges and universities across the country, and provinces are taking steps to stop all non-essential businesses. The Canadian cannabis industry, for the most part, can operate as normally as it can. Dispensaries are conducting business with social distancing measures in place, deliveries can be made—although Canada Post will no longer deliver cannabis packages to purchasers’ homes , opting instead for postal office pickup to minimize delivery person exposure—and cultivation sites continue to operate. Both the Quebec and Ontario governments have... (Canada, Cannabis, Development, Facilities, Jordan, Monitoring, Production, Stocks, Vertically Integrated, Dispensaries, Cultivation)
03/29/2020 - 12:19pm
CGC
Coronavirus Market Meltdown: Buy Canopy Growth Stock for Defensive Pot Status - The Motley Fool Canada
Coronavirus Market Meltdown: Buy Canopy Growth Stock for Defensive Pot Status The Motley Fool Canada (Canada)
03/27/2020 - 10:46pm
CGC
A Call to the Cannabis Industry to Fight COVID-19
CANNABIS CULTURE - The biggest event of the 21st century, the COVID-19 outbreak, has dominated human behavior and mindshare. For the first time in my life and for most people reading this, the whole world is focused on solving one problem.order to stop the spread and help treat those that are infected, we need medical professionals, volunteers and supplies. Already, a number of cannabis companies have stepped up to help. Canopy Growth Corporation, the 800lb… (Cannabis)
03/27/2020 - 11:52am
CGC
Is Canopy Growth a Buy Amid Surge in Cannabis Stocks? - TheStreet
Is Canopy Growth a Buy Amid Surge in Cannabis Stocks? TheStreet (Cannabis, Stocks)
03/27/2020 - 8:33am
CGC, HEXO
Are Marijuana Stocks On Their Way Back Up In The Market?
The cannabis industry has been extremely up and down over the course of the past three weeks. Although the coronavirus still seems to be very much in effect, it appears as though investors are becoming more and more comfortable with the idea of investing marijuana stocks . The past three weeks have been mostly filled with losses in the whole of the stock market, but many of the leading pot stocks have actually shown gains in the past three days. March 26th, helped to cement three days of very solid gains. [Read More] Pot Stocks Have a Day of Bullish Gains Marijuana Stocks On The Rise During the trading day on March 26th, we saw Tilray ( TLRY Stock Report ) shoot up by as much as 60%, ending the day at around $8.50. This is a massive gain, even for the cannabis market. This gain could show that there may be room for the bulls to begin stepping back into the industry. But, it seems as though it also could be too early to tell what direction the industry is moving in. The coronavirus has... (Canada, Cannabis, Investing, Investments, Investors, Recreational, Stocks)
03/27/2020 - 1:00am
CGC, FAF, NXTTF
3 Canadian Cannabis Companies Built To Withstand The Covid-19 Demand Shock
3 Canadian Cannabis Companies Built To Withstand The Covid-19 Demand Shock Although the coronavirus has significantly impacted the retail landscape in Canada, demand for cannabis remains strong as dispensaries work to implement procedures to keep employees and customers safe. Earlier reports have suggested that Canadian cannabis retailers are reporting an unprecedented surge in demand for cannabis as consumers stock up on product just in case the country is shutdown. This comes as retailers have modified their business models to allow for online ordering and delivery services. Earlier this month, Canopy Growth Corporation (WEED.TO) (CGC) announced plans to shut down its retail store in an effort to combat the spread of the coronavirus and we are favorable on the measures that the Canadian cannabis producer put in-place. With provinces across the country reporting similar spikes in demand for cannabis, we believe that our readers need to be aware of the companies that are positioned to... (Acquisition, Canada, Cannabis, Consultations, Development, Investors, Management, Media, Medical Marijuana, Partnerships, Products, Recreational, Retail Stores, Stocks, Dispensaries, Recreational Cannabis)
03/26/2020 - 11:56pm
ACB, TGODF, APHA, CGC, OGRMF
Canadian cannabis stocks hide compensation consultant fees
Authored by: Teri Buhl Canadian cannabis company CEOs have been making big pay packages over the last few years coinciding with net losses. But, they have not been disclosing details required by Canadian law about who they employ to come up with the pay formulas and how much these consultants are paid. A review of Canadian public filings by Cannabis Law Report has found at least three publicly traded companies who have failed to be transparent in telling shareholders how much they were actually paying their executives. It appears that some packages could be described as “over-compensation” and were / are making some individuals very wealthy. Compensation consultants are often required by boards of publicly traded companies to enable an independent outside party to come up with a realistic approach to how the CEO and also key management are compensated thus stopping companies using internal resources to pull any old figure or package out of thin air. Cannabis operations that have grown... (Bitcoin, Canada, Cannabis, Consultants, Consulting, Events, Grower, Investment, Investors, Law, Loans, Management, Media, New York, Organic, Regulations, Social Media, Stocks, United States, Digital Currencies, Pharmaceuticals, Hedge Fund, Security)
03/26/2020 - 1:48pm
ACB, CGC
Canadian Cannabis Firms Brace for COVID-19, Potential Fallout
The COVID-19 pandemic is forcing governments worldwide to take drastic measures to “flatten the curve” and reduce economic fallout, and Canada is no exception. The Great White North closed its border with the U.S. for all non-essential travel (goods are not included in that shutdown), shuttered schools, colleges and universities across the country, and provinces are taking steps to stop all non-essential businesses.The Canadian cannabis industry, for the most part, can operate as normally as it can. Dispensaries are conducting business with social distancing measures in place, deliveries can be made—although Canada Post will no longer deliver cannabis packages to purchasers’ homes , opting instead for postal office pickup to minimize delivery person exposure—and cultivation sites continue to operate. Both the Quebec and Ontario governments have deemed cannabis cultivation and retail businesses “essential” to the marketplace and, as such, can remain open during each province’s... (Canada, Cannabis, Development, Facilities, Jordan, Monitoring, Production, Vertically Integrated, Dispensaries, Cultivation)
03/26/2020 - 7:08am
CGC
Is Canopy Growth Stock a Buy? - Motley Fool
Is Canopy Growth Stock a Buy? Motley Fool ()
03/24/2020 - 7:29pm
ACRGF, CGC
Acreage Announces Resignation of Board Member Larissa Herda
Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U ) (OTCQX: ACRGF) (FSE: 0VZ) today announced that Larissa Herda has resigned as a member of Acreage’s Board of Directors. “We thank Larissa for her tremendous service to Acreage and wish her every success in the future,” said Acreage Chair and CEO Kevin Murphy. “Her leadership and guidance have been invaluable to us as we have grown as a company since she joined our Board in November 2018.” ABOUT ACREAGE Headquartered in New York City, Acreage is one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., according to publicly available information. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience. Acreage debuted its national retail store brand, The Botanist in 2018 and its award-winning consumer brands, The Botanist and Live Resin Project in 2019. On June 27, 2019 Acreage implemented an arrangement under section 288... (Acquisition, Cannabis, Compliance, Distribution, Investing, New York, Regulations, United States, Vertically Integrated, Cultivation)
03/24/2020 - 10:21am
HEXO, ACB, CGC
Are You Ready for a Cannabis Shortage?
The COVID-19 pandemic could lead to cannabis shortage just when we need it most. Covid 19 affects everyone, but especially the vulnerable, such as those with already compromised immune systems. Many medicinal cannabis patients find themselves in this group, something that serves to underline the importance of preparedness for any supply shortages. Here are some tips to ensure you are ready to weather a potential cannabis shortage. Do You Already Have Your Cannabis Gear? Although the coronavirus doesn’t directly impact the cannabis industry, it does affect the all-important supply chain underpinning the global market that cannabis has become. As more people isolate themselves from normal life, cannabis consumption will likely increase. But supply-chain issues in China, where much of the manufacturing takes place, may well prove to be the biggest threat to supplies. Much of this relates to vape-related hardware, ninety to ninety-five percent of which originate in China but can also mean... (Alcohol, Batteries, Canada, Cannabis, China, Edibles, Events, Facilities, Growers, Growing, Hemp, Illinois, Investors, Legalization, Manufacturing, United States, Cultivation, Security)
03/24/2020 - 8:47am
APHA, CGC, SMG, TCNNF, VLNCF
Marijuana Stocks Vs The Coronavirus
The cannabis industry is comprised of several different subsections that all hold their own inherent values. Although the majority of the market has gone through substantial troubles in the past few weeks due to the coronavirus, some areas of the industry have higher correlations with volatility than others. It seems as though we can break down the cannabis industry into three different sub-sections. First, we have the pure-play pot stocks . These companies are in the business of producing as much cannabis as they can to help supply the various global markets with marijuana. [Read More] Are There Any Pot Stocks to Watch Right Now? Which Marijuana Stocks Will Survive The Coronavirus? Second, we have the extraction and retail marijuana stocks . These two different areas occupy a relatively similar area of the market. On one hand, extraction companies work by producing extracts for both retail sales and on a contracted basis. Retail companies work by opening large amounts of dispensaries... (Banking, Cannabis, Extraction, Growers, Investments, Investors, Products, Stocks, Vertically Integrated, Dispensaries, Extracts, Cultivation, Retail Sales)
03/23/2020 - 1:13pm
IIPR, CGC
Are There Any Pot Stocks to Watch Right Now?
Investing in pot stocks has been extremely difficult in the past few weeks. Although we have seen some gains, most of the trading from February to March has been filled with volatility. This is of course due to the effects of the coronavirus, which has wreaked havoc across world markets. But, with any world event, there is always money to be made somehow. Even though things may seem quite bleak, investors who look for short term profits may be able to continue doing so through this volatility streak. With marijuana stock s, fluctuations in price is extremely common. We have seen this be the case over the past several years. [Read More] Can Pot Stocks Withstand Another Four Years Of Trump? How Are Marijuana Stocks Facing Off With Panic Trading? Of course, not to the extent it is now, but nevertheless, cannabis investors are used to some level of instability. In the current economy, the only way to find a viable marijuana stock to watch is to find one with large amounts of free cash in... (Alcohol, Cannabis, Investing, Investments, Investors, Stocks)
03/23/2020 - 7:48am
CGC
Canopy Growth’s Response to COVID-19
Canopy Growth takes the health of its employees, customers, and communities seriously. We are monitoring the rapidly-evolving COVID-19 situation and continue to make decisions based on the guidance of public health authorities. What is Canopy doing to ensure products are safe during the COVID-19 pandemic? As a licensed producer, we follow the strictest cleanliness guidelines. This means full Personal Protection Equipment, working in sterilized production spaces, and ensuring that no one feeling symptoms of illness is permitted to enter our production facility. Employees who handle products wear surgical masks, gloves, and have dedicated production clothes, and clean room overalls for use in pharmaceutical environments. All manufacturing rooms within the facility are HEPA filtered and under positive pressure. Cleaning intervals have been increased and we use ATP swabs to make sure every surface throughout the facility is being cleaned properly. What can consumers do to limit the... (Alcohol, Cannabis, Cleaning, Food, Manufacturer, Manufacturing, Monitoring, Production, Products, Pharmaceuticals)
03/23/2020 - 12:41am
CBWTF, CGC
AUXLY ANNOUNCES LEADERSHIP CHANGES
AUXLY ANNOUNCES LEADERSHIP CHANGES Auxly Cannabis Group Inc. (TSX.V – XLY) (“Auxly” or the “Company”) announces certain changes to its executive team as described below: As part of a planned transition, Jeff Tung has resigned as the Company’s Chief Operations Officer (“COO”) effective immediately; and Alan Cooke has joined Auxly as Vice President, Domestic and International Supply Chain and Operations. “Auxly’s management team is committed to the long-term success of the Company and feel more confident than ever in executing on our growth strategy with Alan bringing his extensive experience to our operations team,” said Hugo Alves, CEO. “Jeff’s departure comes after a successful transition of operational oversight to Alan. We are extremely fortunate to have had Jeff as part of the Auxly family from the beginning; he was instrumental in building the Company to where it is today and we wish him all the best as he goes on to pursue his other passions.” Executive Biography – Alan Cooke... (Beverage, Canada, Cannabis, Development, Events, Food, Law, Management, Media, Products, Regulations, Research, Stocks, Tobacco, Cultivation)
03/22/2020 - 9:00am
CGC
Canopy Grow Facility Announces Lay-Offs
Ontario-based Canopy Growth on March 4 announced plans to shutter two cultivation facilities in British Columbia resulting in the layoffs of some 500 employees. In addition to shuttering 3 million square feet of greenhouses in BC, the company also said it is dropping plans to open a greenhouse in Ontario. Rethinking The Demand Forecast Canopy Growth ‘s CEO David Klein admitted to over-optimistic market projections in announcing plans to shut the 1.7-million-square-foot greenhouse in the town of Delta and a 1.3-million-square-foot greenhouse in Langley. The two facilities, purchased in early 2018 for $400 million Canadian, make up two-thirds of Canopy’s total licensed operations. “Following a strategic review of production capacity and forecast demand, the company announced today that these facilities are no longer essential to its cultivation footprint,” Klein said in a statement to the Vancouver Sun . “Nearly 17 months after the creation of the legal adult-use market, the Canadian... (Beverage, Canada, Cannabis, Facilities, Greenhouses, Growing, Guatemala, India, Investment, Investments, Legalization, Lesotho, Medical Marijuana, New York, Production, Recreational, Regulations, Stocks, United States, Cultivation)
03/21/2020 - 8:53pm
CGC
Relief for Cannabis Companies Amid the Coronavirus Crisis Is Unlikely
By Kayla Siam on March 20, 2020 In response to the drastic economic impact COVID-19 has had on small businesses in recent weeks, President Trump announced that the Small Business Administration (SBA) was authorized to provide $50 billion in low-interest loans – more than double the amount of loans provided by the SBA in 2019 – to keep them operating during the pandemic. After the announcement, the SBA established a disaster assistance loan program for small businesses, which could potentially provide up to $2 million dollars in assistance for an applicant. The cannabis industry, however, has been excluded from this relief, along with agricultural enterprises, casinos, racetracks, and religious and charitable organizations. With respect to cannabis specifically, SBA public affairs specialist Carol Chastang told Cannabis Business Times that “the SBA does not provide financial assistance to businesses that are illegal under federal law… even if the business is legal under local or state... (Canada, Cannabis, Development, Law, Loans, Retail Stores)
03/21/2020 - 6:22am
APHA, CGC
Global Hemp Market Estimated to Experience a Hike in Growth by 2028 | Manitoba Harvest, CW Hemp/CW Botanicals, Aphria, Canopy Growth Corporation - TheLoop21
Global Hemp Market Estimated to Experience a Hike in Growth by 2028 | Manitoba Harvest, CW Hemp/CW Botanicals, Aphria, Canopy Growth Corporation TheLoop21 (Hemp)
03/20/2020 - 5:41pm
CGC
MJBizDaily podcast: Alabama may legalize medical cannabis and more
Alabama, one of the most conservative states in the country, is moving closer to legalizing medical marijuana. Some of the other top headlines addressed in this week’s MJBizDaily podcast include: Canopy Growth closes corporate stores USDA secretary call the hemp rules a “draft” New York CBD startup delays Canadian IPO on coronavirus issues And more ?? MJBizDaily podcast: Alabama may legalize medical cannabis and more is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs (Alabama, Cannabis, CBD, Hemp, Medical Marijuana, New York, United States)
03/20/2020 - 2:05pm
ALEAF, CGC, TWMJF
Cannabis Weekly Round-Up: COVID-19 Sparks Sales Spikes
The COVID-19 outbreak continues to affect diverse sectors, and cannabis is no exception. Over the past week, both the American and Canadian marijuana industries have been impacted by the spread of the virus, with sales surging on the back of concerns about coronavirus-induced store closures. Read on for a closer look at some of the biggest cannabis news over the last five days. Cannabis experts and market analysts offered valuable insight and 2020 forecasts for the quickly evolving cannabis sector Read our new report on the MJBizConINT'L Conference Give me my free report! Cannabis sales spikes by the numbers As mentioned, cannabis sales in both the US and Canada have jumped this past week on store closure concerns. Many types of businesses in both countries are being forced to shut their doors to comply with new regulations to contain COVID-19, leaving consumers worried that dispensaries may be next. Stats from cannabis market data firm Headset show that the state of Washington saw... (Alcohol, California, Canada, Cannabis, Cleaning, Colorado, Consulting, Growing, Investing, Investment, Nevada, New York, Regulations, United States, Washington, Dispensaries)
03/20/2020 - 1:49pm
CGC
How Are Marijuana Stocks Facing Off With Panic Trading?
The coronavirus pandemic has created an extremely intimidating investor space for marijuana stocks . The illness has had a massive effect on the cannabis market, bringing top pot stocks to their knees in the past few weeks. But, w have seen this kind of volatility in the cannabis industry , so we shouldn’t be scared right? Well, the short answer is that until this event comes to a more stable point, volatility may remain extremely high. Canopy Growth ( CGC Stock Report ) has lost more than 50% of its value in only the past month which is quite substantial. Other pot stocks have seen similar losses in value in the same time period. So with all of the large selloffs occurring in the market right now, what can we expect to occur in the next few weeks? Why Coronavirus Could be a Challenge Moving Forward The panic surrounding the coronavirus has not only hit cannabis stocks. In fact, the whole world’s markets have seen extreme amounts of volatility in the past two months. But, the cannabis... (Cannabis, China, Investments, Manufacturing, Production, Products, Stocks, Vaporizers, Vaporizers)
03/20/2020 - 7:30am
ACRGF, ALEAF, CGC, CVSI, TWMJF
Green Market Report’s Marijuana Money March 20, 2020
In some towns in California, cannabis was deemed an essential item allowing many dispensaries to remain open. If a dispensary didn’t have a drive-thru, then several got creative with online ordering and curbside service. Delivery companies were reporting they many quarantined people were taking advantage of the service. Sales have been strong at most places as consumers stocked up on cannabis supplies. Canopy Growth Corporation made the decision to temporarily close all corporate-owned Tokyo Smoke and Tweed retail locations across Canada. It is e-commerce only for now. There were some earnings this week. Hemp CBD company CV Sciences delivered total revenue of $53.7 million for the fiscal year 2019. During the fourth quarter of 2019, sales declined 34% to $9.4 million. CV Sciences said that it expects revenue to drop sequentially to the range of $6-8 million in the first quarter of fiscal 2020. Aleafia Health Inc. reported a 22% sequential increase in quarterly net cannabis revenue to... (California, Canada, Cannabis, CBD, Financing, Hemp, Nevada, Oregon, Products, United States, Dispensaries)
03/20/2020 - 3:00am
CGC
Canopy Growth Stock Is the Best Coronavirus Cannabis Play - Investorplace.com
Canopy Growth Stock Is the Best Coronavirus Cannabis Play Investorplace.com (Cannabis)
03/20/2020 - 1:45am
CGC, TWMJF
Canopy Growth To Close Retail Stores Amid COVID-19
Canopy Growth will be temporarily close all corporate-owned Tokyo Smoke and Tweed stores across Canada Canopy Growth Corporation has been monitoring the COVID-19 outbreak and paying close attention to the guidance given by public health bodies around the globe. Canopy Growth's leadership team has made the decision to temporarily close all corporate-owned Tokyo Smoke and […] The post Canopy Growth To Close Retail Stores Amid COVID-19 appeared first on The Green Fund . (Canada, Monitoring, Retail Stores)
03/19/2020 - 8:43am
ACB, CGC
Canadians Complain That Legal Weed Still Isn’t as Good as Black Market Bud
Canadian cannabis firms are seeing a significant downturn in stock market value, but if you were looking to simply blame market forces for the industry’s cannabis business woes, you might be missing the forest for the trees. According to a new report from The Guardian , cannabis consumers in the Great White North say that inconsistent, mid-grade cannabis sold with little-to-no branding has soured legal buyers, often pushing them back to the country’s still-thriving black market. “The government’s pot is too expensive,” one Vancouver Reddit user wrote about the province’s legal weed . “The government doesn’t show you a picture of what you’re buying before you buy it, so you cannot be informed as a consumer. The government weed has been full of bugs, moldy, or too dry in some cases, and often takes too long to get there.” Of course, when Canadian pot users and Reddit posters talk about “government pot,” they are referring to legal weed produced by privately-owned or publicly-traded... (Branding, Canada, Cannabis, Distribution, Greenhouses, Products, Regulations)
03/19/2020 - 8:39am
CGC, TRSSF
Canadian Border Closure Effect On Cannabis Companies
As the Covid 19 quarantine measure continue, President Trump tweeted, “We will be, by mutual consent, temporarily closing our northern border with Canada.” He said trade would not be affected. However, many cannabis companies have operations in both countries. Ryan G. Smith, CEO, and Co-founder of LeafLink said, “The connection between the US and Canadian cannabis communities is strong; however, the reality is that the two markets have been running independently for years due to federal and international restrictions on cannabis trade. This border closure is bound to impact companies with a presence in both, but many teams, like LeafLink, already have provisions in place that allow them to operate remotely and to manage their supply chains virtually. One of the things that makes cannabis unique is our resilience. This global health crisis may be one of the biggest obstacles we’ve faced yet, but if there’s any industry that can get through this, it’s ours.” Yet many Canadian companies... (Canada, Cannabis, Deals, Law, Dispensaries)
03/18/2020 - 8:35am
CGC
How This Leading Pot Stock is Responding to the Coronavirus 
Canopy Growth Corporation ( CGC Stock Report ) is one of the most talked-about pot stocks in the cannabis industry. The company is often looked at as an example of what other marijuana stocks may be working toward. Recently, the company announced that it would be closing all of its cannabis dispensaries around Canada, to do its part in reducing the severity of this novel virus. With this in mind, the company actually saw some gains during the trading day on Tuesday, March 17th. The move by the company only will affect 23 stores that it has around Canada, but it seems to be more symbolic than anything else right now. The cannabis industry seems to be in a very tough spot right now. On one hand, the industry is expected to see massive growth within the next ten years. But, we continue to see short term volatility take its toll on the market at large. Because of this, it may be best to hold on to your money right now, while all of this blows over. Once markets begin to stabilize in the... (Canada, Cannabis, Investments, Recreational, Stocks, Dispensaries)
03/18/2020 - 8:32am
CGC, TWMJF
Cannabis company Canopy Growth closing Tokyo Smoke and Tweed retail stores - CTV News
Cannabis company Canopy Growth closing Tokyo Smoke and Tweed retail stores CTV News (Cannabis, Retail Stores)
03/18/2020 - 6:55am
ACB, ACRGF, CGC, HRVSF, ITHUF, OGRMF, TCNNF
Cannabis Companies Brace for Coronavirus Impact
Editor’s note: this story will be updated with developments. The cannabis industry, like other industries, has been upended as the coronavirus (COVID-19) pandemic worsens. Events have been cancelled. Consumers are stocking up on flower and products. And on Tuesday, one of the largest cannabis companies in the world, Canopy Growth, announced that it would temporarily close nearly two dozen corporate-owned retail shops in Canada. “We have a responsibility to our employees, their families, and our communities to do our part to ‘flatten the curve’ by limiting social interactions. For us, that means shifting our focus from retail to e-commerce,” Canopy Growth CEO David Klein said in a statement. This move puts a spotlight on an early question that cannabis business owners are wrestling with: to close or not to close? Considering that Canada allows for e-commerce, the impact of this “shift in focus” on companies like Canopy is smaller than it would be for a U.S. company. In the U.S., a... (Arizona, California, Canada, Cannabis, CBD, Cleaning, Colorado, Events, Facilities, Florida, Hemp, Kentucky, Marketing, Massachusetts, Medical Marijuana, Monitoring, New York, Oregon, Pennsylvania, Production, Products, Regulations, Retail Stores, Staffing, United States, Washington, Dispensaries)