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Cannabis company growing weed in Colombia goes public in US

Most cannabis companies that list their stocks in the United States grow their products in indoor greenhouses, often in Canada. But a company named Flora Growth that went public on the Nasdaq on Tuesday is taking a different approach. Although headquartered in Toronto, its…

After ‘Green Rush,’ Canada’s Legal Pot Suppliers Are Stumbling

April 18, 2021
AggregatedNews
Canada
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The mayor of the largely rural community of South Huron, Ontario, was looking forward to an employment boom when a marijuana producer used its soaring stock value to buy an enormous greenhouse on the edge of the municipality’s largest town.…

U.S. companies ready to tap into Mexico’s legal marijuana industry

March 15, 2021
AggregatedNews
Mexico
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Mexico this week moved closer to legalizing the use and sale of marijuana. And while details such as whether you need a license to grow up to six plants in your home are still up in the air, some American…

U.S. Marijuana Legalization Could Decide Future of Canadian Marijuana Stocks

While I analyze the entire legal marijuana industry—both U.S. and Canadian pot stocks—there’s a fundamental difference between the two. The simple fact is that what’s good for U.S.-based pot stocks may actually be bad for Canadian weed stocks, and vice versa. As…

After Newness Fades, Canada Settles Down to Legal Marijuana

January 30, 2021
AggregatedNews
Canada
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As part of The Times’s Promises Made series, I’ve looked back at Canada’s experience with becoming the first major industrialized nation to legalize recreational marijuana. One thing stood out during the many weeks I spent on this reporting: It may have…

Tilray CEO says he expects U.S. federal cannabis legalization within two years

Brendan Kennedy, CEO of Canadian cannabis company Tilray, is optimistic that the United States will take steps toward federal legalization of marijuana in the near future, a move that will shake the industry forever. “I expect that pressure from the North…

2 Years After Legalizing Cannabis, Has Canada Kept Its Promises?

January 25, 2021
AggregatedNews
Canada
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When Robert was 18, he was arrested by Montreal’s police for possession of a small amount of hashish, an event that would upend his young life. The charge brought him 30 days in jail, and the conviction ended his part-time…

Marijuana Stock Blip Hints at Canada Doubts

The U.S. election opened a small but noteworthy gap between Canadian and U.S. cannabis companies last week, underscoring all of the unanswered questions that investors face as access to pot spreads across the world’s largest economy. New Jersey, Arizona, South…

Aurora Cannabis Forecasts Sales At High End, But Marijuana Stocks Fall

Aurora Cannabis stock fell on Friday, even as the Canadian cannabis producer said it expects fiscal first-quarter sales and adjusted margins to come in at the high end of its expected range. Other marijuana stocks were mixed. The company sees…

When Will U.S. Marijuana Stocks Be Profitable?

Investing in the marijuana industry over the past two years has been quite the trip. Through March 2019, North American pot stocks were unstoppable. With tens of billions of dollars in black market sales occurring each year, investors appeared to…

Marijuana Stocks: Aurora Cannabis Forecasts Lower Sales As New CEO Steps In

September 23, 2020
AggregatedNews
Cultivation
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Aurora Cannabis stock fell hard after hours after the Canadian pot producer forecast falling cannabis sales in the current quarter, while net sales for its fourth quarter came in slightly below estimates. The company reported the Q4 results and Q1…

The 10 Best Marijuana Stocks in August

For the past 17 months, it's not been easy to be a marijuana stock investor. While there's little question that cannabis can be one of the fastest growing industries this decade, every industry needs time to mature. Right now, pot…

Marijuana vending machines coming to Massachusetts

A new kind of vending machine is coming to Massachusetts — a self-checkout kiosk for cannabis dispensaries. Boston-based anna, which also has a presence in Colorado, announced this week that it would deploy its self-checkout products in two Colorado dispensaries…

BevCanna and Argentia Gold to bring line of cannabis-infused beverages to the Atlantic provinces

BevCanna Enterprises Inc (CSE:BEV) (OTCMKTS:BVNNF), a dominant player in the infused cannabis beverages industry, said Thursday that it has finalized a deal with Maritime-based licensed cannabis producer Argentia Gold Corp to exclusively represent BevCanna's line of cannabis-infused beverages in Newfoundland,…

Cannabis producer Aphria posts bigger-than-expected loss

Canadian pot producer Aphria APHA.TO, <APHA.O> on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains. U.S.-listed shares of the company fell about 4% in premarket trading. Lack of…

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