Staff, Author at Green Market Report

StaffStaffJanuary 22, 2019
daily_hit004-1280x533.png

8min260

It’s time for your Daily Hit of cannabis financial news for January 22, 2019.

On The Site

Tilray, Inc. (TLRY) has entered into an agreement to acquire all of the issued and outstanding securities of cannabis cultivator Natura Naturals Holdings Inc. in a deal valued at $35 million, but could ultimately grow to $70 million.

Under the terms of the agreement, Tilray will deliver C$35 million at closing. This will be made up of C$15 million in cash and C$20 million in Tilray Class 2 common stock. The statement said that if  Natura reaches certain quarterly production milestones over the following twelve-month period, up to C$35 million of Tilray common stock may become payable resulting in a total purchase price of C$70 million if fully achieved.

In Other News

KushCo Holdings, Inc. (OTCQB: KSHB) closed a registered direct offering of 6,476,190 shares of common stock and warrants to purchase 3,238,095 shares of common stock with a combined purchase price of $5.25 per share on January 18, 2019.  The warrants have an exercise price of $5.75 per share, are immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering are approximately $34,000,000 before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, including, among other things, working capital, product development, acquisitions, capital expenditures, and other business opportunities.

Harvest Health & Recreation Inc. (CSE: HARV, OTCQX: HTHHF) is trading on, the OTCQX Best Market. Harvest Health & Recreation (Harvest) upgraded to the higher visibility OTCQX Best Market and is trading under the symbol “HTHHF.”

Village Farms International, Inc. (TSX: VFF) (OTCQX: VFFIF) announced that it has filed an application to list its common shares on NASDAQ Capital Market under the symbol “VFF”. Village Farms’ common shares will continue to be listed on the Toronto Stock Exchange (TSX), also under the symbol “VFF”.

Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQB: FLOOF) announced a new licensing agreement and Brand Partnership for cannabis-product fulfillment in Nevada with California-based, Old Pal, the popular lifestyle cannabis brand that offers the most affordable legal cannabis in the state of California. Flower One is now licensed to produce, manufacture and distribute the entire Old Pal product line to Nevada’s 130 cannabis retailers, marking Old Pal’s first out-of-state expansion and entry into the Nevada market.

Canopy Rivers Inc. (TSXV: RIV) completed an equity investment in 10663522 Canada Inc., or “Herbert”, a unique brand platform that focuses on the adult-use cannabis beverage and edibles market. Canopy Rivers subscribed for C$1,500,000 of preferred shares in Herbert, and received incremental warrants entitling the Company to increase its economic interest in Herbert under certain circumstances, as well as other governance-related rights.

CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) announced that its wholly-owned subsidiary, CRHC Holdings Corp., has completed the sale of 51% of its 10% equity stake in Bodhi Research & Development Inc. to Green Relief Inc. Pursuant to the previously disclosed agreement, Green Relief has purchased from CRHC and other vendors, 51% of all outstanding common stock of Bodhi Research. As consideration for the Share Purchase, Green Relief has paid CRHC $1.74 million in Green Relief common shares.

 


StaffStaffJanuary 17, 2019
daily_hit004-1280x533.png

3min940

It’s time for your Daily Hit of cannabis news for January 23, 2019.

On The Site

MedMen Enterprises Inc.  (CSE: MMEN) (OTCQX: MMNFF) released unaudited financial results for its fiscal 2019 second quarter ending December 29, 2018. Across the company’s operations in California, Nevada, New York, and Arizona, systemwide revenue increased 40% sequentially to $29.9 million. The company said that if it included pending acquisitions that revenue number would be $49.5 million. Official results will be posted in February.

The growth is mostly due to the company’s stores in Southern California. MedMen has eight retail locations there that reported a combined $23.7 million in revenue, which represents a 27% quarter-over-quarter increase. Cowen & Co.’s most recent estimate projects California will be a US$11 billion market by the end of 2030.

In Other News

HEXO Corp.  (TSX:HEXO) said that its common shares have been approved for listing on the NYSE American LLC  and will commence trading effective at the open of markets on January 23, 2019. HEXO’s shares will trade on the NYSE American under the ticker symbol “HEXO”, the same symbol the Company’s common shares currently trade under, and will continue to trade under, on the Toronto Stock Exchange. HEXO intends to cease the quotation of its shares on the OTC under the symbol “HYYDF”.

Golden Leaf Holdings Ltd.  (CSE: GLH) (OTCQB: GLDFF) has agreed to terminate the Contingent Asset Purchase Agreement for the company to acquire the multi-use “Sweet 16” license, as well as certain other assets. The agreement was originally announced on August 17, 2018.

TILT Holdings (TILT) closed the Jupiter and Blackbird transactions this week, substantially improving the company’s growth prospects and competitive position. The company said, “Through Jupiter, TILT has a “bird in the hand” vape hardware business expected to drive roughly $200m in revenues in 2019 as vape demand continues to accelerate. Blackbird brings wholesale distribution capabilities in CA and NV that can be propagated into additional markets as well as leveraged longer term with the company’s Baker CRM to expand TILT’s wholesale footprint.”


StaffStaffJanuary 15, 2019
daily_hit004-1280x533.png

9min1230

It’s time for your Daily Hit of cannabis financial news on January 15, 2019.

On The Site

Tilray. Inc. (NASDAQ: TLRY) has signed a long-term revenue-sharing agreement to market and distribute cannabis products with  Authentic Brands Group (ABG).

ABG houses more than 50 brands including well-known names like Airwalk and Frye shoes, Juicy Couture, Nautica, Nine West, Vince Camuto, and Spyder sportswear. It has a global retail footprint of over 100,000 points of sale and more than 4,500 branded freestanding stores and shop-in-shops. The company noted that ABG generates approximately $9 billion in retail sales annually.

In Other News

CANNAMERICA BRANDS CORP. (CSE: CANA) (OTCQB: CNNXF) has granted an aggregate of 2,450,000 incentive stock options to purchase common shares to certain officers, directors, and other eligible persons of the Company.  The options are exercisable, subject to vesting provisions, over a period of five years at a price of $0.60 per share, the closing price of the Company’s first tranche of its brokered private placement announced on January 10, 2019.

WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) and BLOCKSTRAIN TECHNOLOGY CORP.  (TSXV: DNAX.V) (OTC: DNAXF) has completed the ‘first-of-its-kind’ cannabis strain validation registration program – a testing and verification process that will confirm cannabis strains as purchased. BLOCKStrain, which developed a Master Genome Strain Registration and Clone Strain Registration program is focused on providing transparency and actionable quality assurance to cannabis consumers. Licensed producers completing the registration can in turn provide assurance to their own customers that the cannabis strains they purchase are the ones they receive.

Charlotte’s Web Holdings, Inc. (CSE: CWEB; OTCQX: CWBHF)  reported its 2018 harvested hemp results. The company reported more than a 10 times growth in harvested hemp compared to its 2017 grow season. The high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte’s Web products for sale in 2019 and 2020.

Grown Rogue International Inc. (CSE: GRIN | OTC: NVSIF) announced the signing of a Memorandum of Understanding to expand its brand and products into Michigan through a strategic partnership with established local cannabis operators and investors. The expansion is anticipated to initially include two retail dispensaries, referred to as provisional centers in Michigan, a 19,000 sq ft indoor cultivation and processing center in Detroit, and an interest in a 28 acre parcel located in the northern portion of the lower peninsula which can be used for cultivation. Grown Rogue will make a further announcement relating to the definitive terms of the partnership which are currently being negotiated between the parties.

Flower One Holdings Inc. (CSE: FONE) (OTCQB: FLOOF) announced its first brand partnership for cannabis product fulfillment in Nevada. Flower One and Rapid Dose Therapeutics Inc. (CSE: DOSE) entered into a definitive agreement on January 10, 2019, pursuant to which Flower One has been granted a license to manufacture, distribute and sell RDT’s QuickStrip™, an innovative, proprietary delivery technology for the cannabis market in Nevada.

Medicine Man Technologies (MDCL), a leading consulting, IP licensing and products company in the cannabis industry, has signed binding term sheets and conditions for acquisition of MedPharm Holdings, LLC, intellectual property development and holding company focused on cannabis research and product/brand development.

Nouveau Life Pharmaceuticals, Inc. (USOTC: NOUV) (“NOUV”) and Puration, Inc. (USOTC: PURA) announced that Brian Shibley, the current CEO PURA has been appointed as the interim CEO of NOUV.  On October 4, 2018, PURA sold its cannabis cultivation business to NOUV in exchange for a $1.2 million convertible note with a commitment that the note would promptly be converted into shares of NOUV and that those converted shares would be distributed in a stock dividend to the shareholders of PURA.  The process of updating NOUV’s public filings in order to proceed with the dividend has taken longer than originally anticipated.  Brian Shibley’s appointment as CEO is anticipated to reaccelerate the update of NOUV public filings and in so doing, speed up the anticipated dividend of NOUV shares to PURA shareholders.

Leafly, the world’s leading cannabis information resource, and Flowhub, the award-winning cannabis compliance and point of sale provider, are today announcing their new, real-time integration to help cannabis dispensaries drive visibility and automate online menus. With the new Leafly and Flowhub integration, dispensaries can now automatically update their online menus on Leafly to match their live inventory in Flowhub’s industry-leading POS system. The Flowhub solution allows retailers and managers to save time on manual data entry, while providing accurate information and a seamless shopping experience for their potential customers on Leafly.


StaffStaffJanuary 15, 2019
1020x627.png

7min1270

Top cannabis database now offers consumers precise product location and pricing information through the Flowhub API

Seattle, WA – January 15, 2019 /AxisWire/ Leafly, the world’s leading cannabis information resource, and Flowhub, the award-winning cannabis compliance and point of sale provider, are today announcing their new, real-time integration to help cannabis dispensaries drive visibility and automate online menus.

As the world’s leading source for consumers to find cannabis, Leafly.com sees more than 16 million monthly visits and offers localized dispensary listings in legal cannabis markets. Now Leafly is partnering with Flowhub in order to show real-time dispensary inventory and pricing for every strain and product.

Updating online menus is a huge part of marketing for cannabis retailers, a task which can often be time consuming and inefficient. With the new Leafly and Flowhub integration, dispensaries can now automatically update their online menus on Leafly to match their live inventory in Flowhub’s industry-leading POS system. The Flowhub solution allows retailers and managers to save time on manual data entry, while providing accurate information and a seamless shopping experience for their potential customers on Leafly.

“Everyone can relate to the disappointment of showing up to a store only to learn that the product you want isn’t available. Our integration with Leafly prevents this type of poor customer experience from happening. Leafly has long been considered a top community website in the global cannabis movement and Flowhub has experienced rapid growth, with hundreds of dispensaries using our software to process over $1B in cannabis sales annually. Together with Leafly, we’re bringing the way consumers find and buy cannabis into the digital age.” says Kyle Sherman, CEO of Flowhub.

“By integrating with Flowhub, Leafly continues to offer the best point-of-sale integrations to partner dispensaries,” said Jason Makuch, Chief Product Officer at Leafly. “Leafly’s goal is to create a world-class user experience for product discovery while helping dispensaries grow their businesses at the same time.”

Consolidation of high-tech tools such as these is important for the future of legal cannabis. The industry faces unique challenges compared to any other industry, and business owners require a suite of products that are custom-built for the cannabis space which work seamlessly with one another.

The integration between the two technologies is officially live as of today. To learn more or to request a demo of Flowhub, visit flowhub.com.

About Flowhub

Powering the largest retailers in the industry, Flowhub is the leading compliance and point of sale software for cannabis dispensaries in the United States. Built specifically to serve the highly regulated industry, Flowhub is helping nearly 500 cannabis retailers grow revenue, stay compliant, and manage inventory. Founded in 2015 by former Compliance Officer, Kyle Sherman, Denver-based Flowhub processes over $1B in cannabis sales annually and is backed by industry investors like Poseidon Asset Management, Green Lion Partners, Phyto Partners, and Altitude. Learn more at flowhub.com.

About Leafly

As the world’s leading source for consumers to find cannabis, Leafly’s mission is to help patients and consumers make informed choices about cannabis and to empower cannabis businesses to attract and retain loyal customers through advertising and technology services. Learn more at www.leafly.comand download the five-star rated Leafly mobile app through Apple’s App Store or Google Play. Visit Leafly.com, Leafly Canada at Leafly.ca, Leafly Germany at Leafly.de, Leafly in Spanish at Leafly.es, and Leafly in French at Fr.Leafly.ca.


StaffStaffJanuary 15, 2019
drink.jpg

5min4071

Mainstream consumer goods companies continue to throw out their fears of the cannabis industry and instead are embracing all things CBD (cannabidiol.) Last week it was the shoe chain DSW (NYSE: DSW) that signed on with Green Growth Brands (CSE: GGB) to sell its CBD products in the shoe stores. Today Tilray announced it was going to work with Authentic Brands and provide the CBD for its over 50 brands of goods.

These companies are pursuing topicals for skin like foot creams, lip balms, and muscle rubs.  CBD beverages though also show great promise for big brand companies. Cannabis research company Brightfield Group said in 2019 to look to continued CBD growth in mainstream retailers and more CPG (consumer packaged goods) companies are entering the space.

The beverage company New Age’s announcement of plans for a new line of CBD-infused beverages – a reveal that caused stocks to surge 528% is a sign that CBD is banging down mainstream products doors said Brightfield.

The only problem is that CBD tastes, well, funky. It’s usually described as having a bitter, earthy taste that takes some getting used to. The key to getting CBD beverages accepted by mainstream consumers will is fixing for the taste problem.

Seattle-based Tarukino developed an emulsion technology called Sorse. that has solved for consistency and taste by encapsulating cannabinoids in a water-soluble form that is odorless, tasteless and dissolves in water.

“The cannabis beverage industry today consists of products that smell like cannabis, taste bad and have an effect onset that takes longer than 20minutes. Tarukino solves all these issues,” said CEO Howard Lee.

The company has teamed up with California-based Caliva to bring cannabis beverages to the market. Caliva already produces flower, pre-rolls, and vapes and is known for its wellness options. Its products focus on motivating the mind, steadying the body, and inspiring creativity. Now it’s tinctures and beverages will use Tarukino’s technology in an exclusive agreement.

“After extensive due diligence, we are confident that Tarukino is the right nano-emulsion technology company to partner with,” said Dennis O-Malley, Caliva’s CEO.

According to sales rankings this past summer from Headset, the Caliva ranked as a top brand across its three product categories: pre-roll, flower, and vaporizer. In the pre-rolled joint category, Caliva led the rankings in the top five slots with its House Doobies, Dogwalkers, Super Sessions, and Toasties. In the cannabis flower category, the top four spots belonged to Caliva as well, with the company’s breakout hit Reef Leaf taking the top slot.

“Our rankings have become a key indicator of quality and scale in California,” says Cy Scott, CEO of Headset. “The category, segment, brand, and product trends continue to tell the narrative of the growth in the California cannabis market, and looking at real-time sales data, Headset is identifying which companies are establishing themselves as the major brands as this market evolves into the world’s largest cannabis economy.”

The first beverages are expected to be available for purchase in the first quarter of 2019 in the San Jose store.

 


StaffStaffJanuary 14, 2019
daily_hit004-1280x533.png

4min1190

It’s time for your Daily Hit of cannabis financial news for January 14, 2019.

On The Site

Aurora Cannabis Inc.  (TSX: ACB) (NYSE: ACB)  entered into a letter of intent to acquireall the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation in an all-stock deal valued at up to approximately $175 million, including certain milestone payments.

Whistler has developed one of Canada’s organic certified BC bud. The acquisition is sure to set the company up to compete with The Green Organic Dutchman (CSE: TGOD) by providing Aurora with a premium organic certified product suite. Whistler said it has differentiated large-scale cold-water extraction technology and processes, creating a full suite of organic certified oil products (including THCA, CBG, and high CBD oils).

Taxes

A dispensary is a fiduciary to some degree with respect to 20%-35% of the total amount it collects from a cannabis consumer.  The money a dispensary collects for taxes is not the dispensary’s money.  This money belongs to the taxing agencies that imposed the taxes.

The most common group of errors made by dispensaries flow from the inadequacies of the point of sale [“POS”] software dispensaries used in front end retail operations. A dispensary operator would do well to compare the tax rate and calculations in the POS software with the software it uses to maintain its back-end records and prepare and to file its quarterly Sales and Cannabis tax returns.  If the POS system does not generate accurate tax calculation and generate proper receipts, difficulties are inevitable.

In Other News

Surterra Wellness and Massachusetts-based cannabis company New England Treatment Access (NETA) announced a definitive agreement for Surterra to acquire NETA. The partnership adds a fourth significant cannabis market to Surterra’s rapidly growing national footprint, which also includes Florida, Texas, and Nevada. The company claims that the cash and stock transaction is one of the largest acquisitions to date in the U.S. cannabis industry, although since no dollar amount was posted on the transaction and NETA only has retail licenses in two towns in Massachusetts, that seems hard to believe.

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) has been granted a license by New York State to process and produce hemp. Canopy Growth will establish within the Hemp Industrial Park large-scale production capabilities focused on hemp extraction and product manufacturing within the United States.

Depending on Board approval of a specific site, Canopy Growth intends to invest between $100 million USD and $150 million USD in its New York operations, capable of producing tons of hemp extract on an annual basis. The project is another example of the strategic advantage Canopy Growth has earned with the recently-closed $4 billion USD strategic investment made by Constellation Brands, a New York-based beverage alcohol leader and Fortune 500 company.


StaffStaffJanuary 14, 2019
img_caliva.jpg

4min720

Partnership with Tarukino fast-tracks Caliva into cannabis-infused beverage manufacturing

Partnership with Tarukino fast-tracks Caliva into cannabis-infused beverage manufacturing

SAN JOSE – January 14, 2019 /AxisWire/ Caliva, The Most Trusted Brand in Cannabis, has partnered with the world’s leading nano-emulsion technology provider, Tarukino, to bring premium beverages to the California market.

Caliva is broadening its existing industry-leading product line of branded cannabis flower, pre-rolls and vaporizer cartridges to include tinctures and beverages powered by Tarukino’s technology.

“We are thrilled to expand into the ‘Good for You’ product category with a new beverage line launching next year,” says Dennis O’Malley, CEO of Caliva. “After extensive diligence, we are confident that Tarukino is the right nano-emulsion technology company to partner with. We are excited to bring the best beverages in the market to California consumers in 2019.”

Tarukino, a technology-driven cannabis company based in Seattle, produces the top selling cannabis-infused drink in Washington state, Happy Apple. Tarukino’s Sōrse™ technology solves common issues with beverage consistency and taste by encapsulating cannabinoids in a water-soluble form that is odorless, tasteless, and disperses completely in water.

Caliva has secured exclusive rights to utilize Tarukino’s Sōrse™ emulsion technology in California to launch its new line of great tasting, consistent, effective, and shelf-stable beverages.

“The cannabis beverage industry today consists of products that smell like cannabis, taste bad, and have an effect onset that takes longer than 20 minutes. Tarukino solves all of these issues,” says Howard Lee, CEO of Tarukino Inc. “When we looked for a partner in California we sought out the best and most trusted brand out there – and that was clearly Caliva.”

Caliva will be producing beverages from both their San Jose and Brisbane facilities, and is expected to launch the first beverages in its San Jose retail store in Q1 of 2019.

To learn more about Caliva, its product lines, and its Bay Area retail store, visit gocaliva.com.

About Caliva

Caliva is the most trusted brand in cannabis. San Jose’s premier cannabis retailer and cultivation facility opened in July of 2015. In September of 2016, Caliva was ranked the #1 dispensary in the nation by Business Insider. Its facility is one of the most advanced pharmaceutical-grade cannabis cultivation, manufacturing, and dispensing facilities in the United States, and a model for energy efficiency, safe access, and compliance. Caliva products are available for sale at licensed California cannabis retailers.

About Tarukino Inc.

Tarukino is a technology driven group of innovators creating surprisingly delightful, cannabis infused products for those in search of something better. Based in Seattle, Washington, Tarukino produces cannabis products based on its core technology, Sōrse™. Sōrse is the first and only water soluble cannabis product that produces entirely taste- and odor-free cannabis emulsions for infusion of medical and recreational products.


StaffStaffJanuary 14, 2019
kcsa-3-1.jpg

3min710

NEW YORK,  January 14, 2019 /AxisWire/ KCSA Strategic Communications, an integrated strategic communications firm specializing in public relations, media relations, social media and investor relations, today announced it was named to the “2018 CBE Ancillary Business 155” list by Cannabis Business Executive, an integrated business to business media company serving the cannabis and hemp industries.

“The cannabis industry requires the same level of professionalism, dedication, attention to detail and focus for achieving measurable ROI from a communications perspective as any mainstream, mature industry. For more than five years, KCSA has been focused on bringing this type of strategic communication to our dozens of cannabis clients that span the entire cannabis ecosystem,” said Lewis Goldberg, Managing Partner at KCSA Strategic Communications. “Understanding how to communicate for ancillary service providers, multi-state operators, brands and others takes a unique understanding of the intersection of cannabis, the capital markets and culture.”

For nearly 50 years, KCSA Strategic Communications has been one of the most trusted strategic communications firms in the United States, with offices in New York City, Los Angeles, Boston and London, providing public relations and investor relations counsel to thousands of companies. In particular, KCSA’s cannabis practice, led by Philip Carlson and Lewis Goldberg, has been representing companies in the cannabis industry for more than five years. Clients span the entire supply chain from companies that grow the plant, process it and dispense it, to companies that provide consulting services, financial services and even ancillary products such as lighting, nutrients and packaging.

About KCSA Strategic Communications

KCSA is a fully integrated communications agency specializing in public relations, shareholder communications and social media, with expertise in cannabis, financial and professional services, technology, healthcare, digital media and energy. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm’s clients are its best references. For more information, please visit www.kcsa.comor https://www.kcsa-cannabis.com/.

 

Media Contacts

Gretchen Gailey / Christina Panta

KCSA Strategic Communications

347.487.6186 / 212.896.1208

ggailey@kcsa.com / cpanta@kcsa.com

 


StaffStaffJanuary 14, 2019
stocks.jpg

4min2140

The Green Market Report (GMR), the cannabis industry’s most trusted source for credible in-depth financial and economic reporting, today released its 2018 Cannabis Company Index Q4 Summary Report. The report can be downloaded at GreenMarketReport.com/Reports.

The GMR Index follows the trading activity of 30 selected public cannabis companies that denote market dominance. After rising 56% in the third quarter, on a plethora of good news, the Index plunged along with the broader market in general which saw stocks give back most of the year’s gains. The S&P 500 fell 9.2% in December, while the Horizons Marijuana Life Sciences ETF (HMMJ) declined by 39% in the fourth quarter. The GMR Index managed to gain 5.5% for the entire year, while the HMMJ actually dropped 19% for the year.

The fourth quarter got off to a good start as stocks began ticking higher at the beginning of October, but then halfway through the month, the selloff began. While there was a slight recovery at the beginning of November, stocks took another downward turn and never looked back.

History continued to be made in the cannabis industry during the last quarter. On October 17, Canada began the first day for sales of adult use cannabis in Canada – making 1017 the new 420. The mid-term elections in the U.S. were the next big event for the quarter. More states legalized cannabis in this year’s midterm elections in November, with Michigan becoming the latest one to legalize adult-use cannabis. Missouri and Utah both approved medical cannabis. If that wasn’t enough for the industry to cheer about, in December lawmakers in D.C. passed the 2018 Farm Bill, which included an amendment legalizing hemp.

“The fourth quarter of 2018 was very challenging for cannabis industry stocks as share prices plunged as stocks, in general, entered bear market territory. Legalization of hemp in December set the stage for recovery as cannabis stocks have mostly moved higher in the early days of 2019,” stated Debra Borchardt, CEO of Green Market Report.

The best performing stock in the GMR Index was Charlotte’s Web Holdings (CSE: CWEB) which managed to end the quarter neither gaining or losing. Remaining flat was a huge accomplishment.  The company stands to benefit greatly from the legalization of hemp and hemp-derived CBD products.

The Index decided to add Acreage Holdings (CSE: ACRG-U) as that company continues to add to its portfolio and now has a presence in 19 states. iAnthus (CSE: IAN) is acquiring MPX Bioceutical and is also getting added to the Index. While the Index was sad to let MPX go, the substitution is just as stellar.  Cresco Labs (CSE: CL) is added as this multi-state operator focuses on markets with high barriers of entry. Finally, Florida-based Trulieve (CSE: TRUL) was added as the company continues to report increasing revenues and has embarked on an expansion strategy outside of the state.

“Looking ahead to 2019, we expect to see the industry adjust to the legalization of help and what that means for hemp-derived CBD products,” added Borchardt. “We expect the industry will experience more consolidation and even more cannabis companies to become publicly traded stocks.”


StaffStaffJanuary 9, 2019
img_st.jpg

2min730

Smoketools.com is an innovative online store that sells amazing cannabis and vaping accessories that is making a grand entrance into the market as it offers a 20% discount on all orders in celebration of its opening. The store aims to provide cannabis smokers and other such customers the best possible shopping experience by uniquely combining quality with affordability, ensuring that shoppers do not have to break the bank to get their desired products.

Already described by some as one of the store with the largest online inventory, Smoketools aims to become the one-stop solutions provider for all smokers when it comes to shopping for vape products and accessories. This is further reiterated with the free shipping offer on all US orders above $50.

Smoketools currently offers a wide range of vaping solutions sourced from top brands across the globe. Some of the brands featured on the store include Kandy Pens, Boundless Technology, The Da Vinci, and Dr. Dabber.

The products offered by the vaping store include bongs, dab tools, glass pipes, and dab rigs. Other products that can be found on the store include ashcatchers, grinders, adapters, rolling papers and accessories, as well as other amazing vaping tools designed to offer the best possible smoking experience to users.

Smokestools also offers helpful tips, the latest news, and other such information related to the cannabis industry. The comprehensiveness of the platform has helped it grow in a relatively short while with over 200 positive reviews from shoppers and other members of the Smoketools community.

More information about Smoketools.com and the products offered by the store can be found on their website. 



About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 14 hours

$TLRY Tilray To Buy Natura Naturals In A Potentially $70 Million Deal

@GreenMarketRpt – 15 hours

RT : Here are the top financial cannabis news stories for the week ending January 18, 2018…

@GreenMarketRpt – 1 day

High Times Buys Spannabis European Cannabis Festival In $7 Million Deal

Back to Top

You have Successfully Subscribed!