Marlboro cigarette maker Altria Group Inc. is in early stage talks to acquire Canadian cannabis producer Cronos Group Inc., as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday. Canada this year legalized recreational use of marijuana and is seen as a testing ground for pot companies […]
Nasdaq
A Cannabis Company Is Set To List On NASDAQ For The First Time
A major Canadian licensed weed producer has obtained approval from the Securities and Exchange Commission to begin trading on the NASDAQ — it will be the first marijuana company to be listed on a U.S. stock exchange. Cronos Group, which is already listed on the Toronto Stock Exchange is expected to begin trading its shares […]
Here’s Why MassRoots Got Rejected by the NASDAQ
This week, MassRoots Inc. (MSRT), one of the biggest and fastest expanding technology platforms for the marijuana industry, received notification that NASDAQ had denied the Company’s application for listing. MassRoots, which launched in 2013, models itself as a Facebook for cannabis users. It also allows weed in its workplace. The Company filed for an up listing from […]
NASDAQ Rejects MassRoots Bid to List Itself on the Exchange
MassRoots, which operates a social network for marijuana enthusiasts, is crying foul over Nasdaq’s decision to reject its request to sell stock on its exchange. Nasdaq cited concerns that law enforcement could consider the company as aiding and abetting the distribution of an illegal substance. The Denver-based company plans to appeal the decision to the […]
