By Ian Stewart, Wilson Elser Public interest in the potential health benefits of CBD (cannabidiol) is responsible for a whole new market segment of health and wellness foods and supplements that features CBD as an ingredient. CBD is one of more than 100 cannabinoids in the cannabis plant, but unlike THC (tetrahydrocannabinol), CBD is not […]
Cannabis Investments
Aurora Cannabis Shares Gain on Post-Legalization Sales in Canada
Aurora Cannabis Inc., the first pot producer to report earnings since Canada legalized marijuana last month, gained as much as 5 percent in pre-market trading after profit and sales surged. Aurora posted C$29.7 million ($22 million) in revenue for the fiscal first quarter ended Sept. 30, up from C$8.2 million a year earlier. Although the […]
Tilray stock up 30% after cannabis foe Jeff Sessions resigns under pressure
Shares of major marijuana companies rallied after Attorney General Jeff Sessions resigned Wednesday after months of public criticism from his boss, President Donald Trump. Canada-based Tilray closed up 30 percent while Canopy Growth and Aurora Cannabis rose 8.1 percent and 9 percent respectively. Cronos Group added 8.4 percent. “You’re happy if you’re long the cannabis stocks. He was the biggest roadblock to broadening that out to […]
Cannabis Stocks Get Boost After Michigan Votes To Legalize Recreational
Michigan voted on Tuesday to legalize marijuana for recreational use, ending decades of prohibitive regulation and ushering in a new era of cannabis law and a burgeoning cannabis industry, according to an NBC projection. Cannabis stocks got a boost following midterm election results which largely favored the marijuana industry. Shares of major Canada-based cannabis companies […]
4Front Raises $31M In Oversubscribed Funding Round
PRESS RELEASE PHOENIX, Oct. 25, 2018 — 4Front Holdings, LLC (“4Front”), a leading U.S. cannabis retail and brand development company, is pleased to announce that it has completed a private placement of equity securities for gross proceeds of approximately $31 million (the “Offering”). Due to strong investor demand, the Offering size was increased from its initial amount of $15 million. […]
O Canada! What Canada’s Nationwide Legalization of Cannabis Means for American Financial Institutions
By Whitt Steineker, James W. Wright Jr. and Riley McDaniel Today marks a significant shift in cannabis policy, both domestically and internationally, as Canada becomes the first industrialized nation in the world, and only the second nation overall, to legalize cannabis. This follows the passage of The Cannabis Act in June of this year, which […]
Here are the most popular marijuana stocks as Canada becomes the largest country to legalize
Popular marijuana stocks fell across the board Wednesday, paring extreme gains so far this year, as investors cashed in a bit of their bet as Canada became the largest country to legalize the recreational use of cannabis. After months of political haggling and legal debate, Canada joined the U.S. states of California, Massachusetts, Maine, Alaska, […]
No. 1 Wall Street pot analyst says the marijuana market will be much bigger than she first thought
The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. “With cannabis, you’re talking about this massive step change in terms of the addressable market,” Vivien Azer said on CNBC’s “Squawk Box” Wednesday. “You’re bringing […]
This Lab Raised $10 Million To Expand Cannabis And Hemp Cloning Production
Industrial scale production has dominated store shelves for decades. Now that formula is being adopted by the cannabis industry. For Front Range Biosciences (FRB), mass propagation of crops starts in the lab, where consumer cannabis is selectively cultivated and sold to licensed growers. Today, the agricultural biotech startup, which works with coffee strains and industrial hemp clones as […]
Cannabis stock Tilray plunges 16% after PepsiCo CFO says company has no plans for marijuana
Cannabis stocks fell across the board Tuesday after PepsiCo told investors that the food and beverage giant said it has no plans to invest in marijuana. Though most of the marijuana stocks opened Tuesday without much fanfare, they took a leg lower after PepsiCo Chief Financial Officer Hugh Johnston told Cowen analyst Vivien Azer on the company’s […]
Canadian marijuana investors could face lifetime bans from entering U.S.
Canadians who invest in marijuana-related stocks, as well as those who use pot or work in the cannabis industry, could be banned from ever entering the U.S., according to a report Thursday. While pot smokers and cannabis-industry workers have previously faced the prospect of lifetime travel bans, it may be news to investors that the risk […]
The Statistic in Tilray’s Prospectus That Should Have Marijuana Stock Investors Salivating
Chances are you probably overlooked this big-picture figure prior to Tilray’s initial public offering. In case you haven’t noticed, marijuana stocks are blazing hot once again. This budding industry has taken flight on the expectation of rapidly rising sales and big profits tied to Canada’s legalization of recreational marijuana in 36 days’ time. When it […]
Wall Street Analyst Believes Legal Cannabis Could Be Worth $47 Billion In US
Wall Street is catching the cannabis bug. In a lengthy note to clients on Wednesday, RBC Capital Markets estimates that legal sales of marijuana in the US are quickly catching up to beer and wine, and could be worth $47 billion within the next decade. “In this US, the legal cannabis category is set to […]
Constellation Brands Boosts Stake In Canopy Growth With $3.8 Billion Investment
Constellation Brands is spending C$5 billion ($3.8 billion) to boost its stake in Canadian cannabis grower Canopy Growth Corp., betting legalization of the drug will continue to gain traction in the U.S. and around the world. Constellation, the brewer of Corona beer, will raise its stake in Canopy to 38 percent in what the companies […]
With Legal Marijuana On The Way In Canada, Investors Catch The Buzz
CHESTERVILLE, Ontario — Inside garage-sized containers at one end of a cavernous warehouse in a former Nestlé factory south of Ottawa are rows of marijuana plants stacked atop each other, basking in the unearthly glow of grow lights. They belong to Hamed Asi, an Ontario businessman who calls them his “vertical farm.” He has no […]
Is Canada’s Marijuana The New Bitcoin? Stocks Surge After Legalization
As Canada gets ready to implement legal recreational marijuana later this year, the U.S. neighbor’s cannabis stocks have surged and some experts suggest marijuana could be the next Bitcoin. “I believe the incredible tailwinds blowing at legal marijuana’s back make it so the opportunity here is much like the one internet stocks offered in 1994 […]
Investor Protections in Cannabis Companies, Part Two
By Jay Purcell, Senior Associate, Clark Neubert LLP Investors in California cannabis companies should have zero expectation of privacy. Both periodically and following certain events, major and minor investors must be disclosed to the Bureau of Cannabis Control (“BCC”). While anonymity is impossible under California law, investors can minimize disclosures by structuring investments to avoid […]
Why Cannabis Investors Are Eyeing South America
Almost every week, an American or Canadian cannabis company announces a large overseas investment. And it’s no longer just Germany, Israel and Australia that are piquing investors’ interest. Emerging markets like Jamaica are also turning heads. The largest investment opportunities might be found in other emerging markets — especially South America for cannabis and Southeast Asia for hemp. What […]
