Category Archives: Finance

Greener Growth For Cannabis in 2020

In 2019, legal cannabis sales jumped 32% since 2018, Illinois became the first state to legalize cannabis via legislation and the U.S. House of Representatives passed the SAFE Banking Act, a first step toward opening banking services for the industry. Of course, the news wasn’t all rosy. Stock prices fluctuated and a cash crunch hampered […]

Could Aurora Cannabis Fall Below $1 in 2020?

In just a matter of days, we’ll be closing the curtain on 2019, which turned out to be an incredibly good year for the broad-based markets, and an abysmal year for marijuana stock investors. Everything began well, with cannabis stocks leading the charge throughout the first quarter. But the wheels, and everything else that wasn’t welded on, […]

Cannabis Canada: Cronos, Aleafia and MediPharm among pot companies reporting quarterly results

Regulators call on pot industry to improve governance amid financial conflicts  Canadian securities regulators are calling on companies in the cannabis industry to strengthen their governance and disclosure practices to ensure investors are aware of potential conflicts of interest for executives and directors relating to M&A activity. The staff notice issued Tuesday [PDF] by the Canadian Securities Administrators, an […]

Drake is going into business with a Canadian cannabis firm

San Francisco (CNN Business)Cannabis, so hot right now.The burgeoning North American cannabis industry — and, notably, the booming hemp-derived CBD sector — has become a red-carpet-like affair with celebrities and athletes signing on to pitch one brand or another. On Thursday, Aubrey Drake Graham, best known as hip-hop artist Drake, partnered with Canadian cannabis giant Canopy […]

A year in the weeds: Why the cannabis industry didn’t take off the way everyone planned

There is no shortage of answers to the question of what went wrong, but one thing seems certain: there is plenty of blame to go around In an outdoor parking lot between a shelter and a Tim Hortons in downtown Ottawa, black market cannabis dealer Jay (not his real name) said he can’t think of […]

Cannabis Canada: Aphria shares soar after posting second-straight quarterly profit

Aphria beats profit expectations, reaffirms guidance of up to $700M in annual revenue Cannabis producer Aphria is becoming something of a rarity in the cannabis space – a profitable company. The Leamington, Ont.-based pot producer reported $16.4 million in net income in the first quarter of fiscal 2020 or seven cents per share for its second straight […]

Cannabis Canada: Monthly pot sales in Canada surpass $100M for the first time

Cannabis retail sales up over 14% in July from prior month: StatsCan  Cannabis retail sales in Canada rose to about $104 million in July, according to Statistics Canada on Friday. It’s the first time that cannabis retail sales surpassed the $100 million mark since the government legalized cannabis in October. Canada’s legal recreational cannabis industry has sold […]

Former Canopy Growth CEO Bruce Linton takes on new cannabis roles as chairman, investor

Formerly ousted Canopy Growth (CGC) co-founder and co-CEO Bruce Linton has landed a smattering of new roles within the cannabis industry. Just months after being pushed out by a Canopy board that had increasingly become controlled by investor and beer conglomerate Constellation Brands, the cannabis pioneer announced Tuesday that he’ll be joining a multitude of smaller […]

Cannabis King: Boris Jordan, Chairman Of Curaleaf, Becomes The Only Pot Billionaire

Topline: Curaleaf chairman Boris Jordan is worth $1.1 billion, according to reporting from Forbes Russia, making him the only billionaire Forbes has identified whose fortune comes from the marijuana industry. Massachusetts-based Curaleaf is the sixth most valuable cannabis company in the world and the largest retailer by market cap in the U.S., according to Cannabis Market Cap.  Jordan owns a […]

Top five cannabis industry scandals

Every industry has its fair share of scandals. Here’s what rocked the pot industry PotNetwork Just the term pot stocks sound awful. It conjures up shady deals by the pump and dump stock jocks. Sadly the stereotype exists in part because it happens in the wild west days of cannabis penny stocks. This past July, […]