Staff, Author at Green Market Report

StaffStaffJuly 13, 2020
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4min180

0HHo, a leader in providing organic, sustainable, ecologically friendly CBD products, announced a partnership with  Omura to launch its first-ever flower product.

oHHo is a believer in providing superior hemp products for discerning customers, using only organic, sustainable, ecologically friendly, natural practices to grow exceptional hemp. Family grown in the sunny, fertile soils near the Green Mountain forest in NY state, every plant is hand sown and nurtured across 2 acres, carefully trimmed and slowly cured over several weeks; allowing each flower to develop rich levels of CBD and an abundance of terpenes.

Founded in 2018, Omura is the next generation heat-not-burn platform for the clean and effective consumption of whole flower cannabis and hemp CBD. The company’s flagship vaporizer, Omura Series 1, implements revolutionary technology which heats the cannabis flower through a wide range of temperatures, allowing the release of the cannabinoids at a higher efficiency. Omura has partnered with more than 9 cannabis brands in California and Nationwide, and is available in more than 17 retail locations.

“We’re thrilled to be partnering with Omura and producing the first oHHo flower which is high quality and a great complement to Omura’s innovative technology,” commented oHHo Founder, James Stephenson. “oHHo flower supports independent farmers and is crafted with the same dedication to sustainability as our line of CBD oils.” 

oHHo is very excited to bring their signature hemp flower strain Lifter to the Omura platform, starting at $30 for a flower stick pack and $69.99 for a starter pack.

Lifter Details  

  • 19% CBD
  • 0.001% THC

Prominent Minor cannabinoids:

  • CBG
  • CBC

Prominent Terpenes:

  • Myrcene
  • Caryophyllene
  • Pinene
  • Limonene
  • Humulene
  • Linalool

Lifter will be available online on Omura.com as well as for sale on weareohho.com to ship nationwide.

“oHHo is the perfect partner to continue to expand Omura and our hemp CBD offering as they expand the quality hemp CBD products they sell to consumers. We’ve got a lot of great activations planned with the oHHo team this summer so stay tuned to our social feeds to learn more,” the CEO of Omura, Mike Simpson, told Green Market Report.


StaffStaffJuly 13, 2020
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4min120

It’s time for your Daily Hit of cannabis financial news for July 13, 2020.

On the Site

Jushi

Jushi Holdings Inc. (OTCQX: JUSHF) announced $15.25 million in debt financing. To date, The company said it has received cash proceeds of $16.325 million and additional binding subscriptions, for a pro forma total issuance of $17.425 million of 10% senior secured notes and warrants to acquire a subordinate voting share. The company also received non-binding indications of interest for up to an additional $10 million of financing.

The money will be used for the cash portion of a previously announced Pennsylvania grower-processor permit holder transaction.  Last month the company said it was planning on buying Vireo Health’s (OTC:VREOF) Pennsylvania Medical Solutions in an effort to strengthen its position in the state’s market. Jushi was to pay Vireo $16.3 million in cash, a $3.8 million seller note, and assume a $17 million facility associated with a long-term lease obligation. The $37 million deal is expected to close by the end of August 20.

Colorado

According to the state Department of Revenue data, Colorado’s cannabis dispensaries sold almost $192.2 million worth of marijuana products in May. the state reported $42.9 million in medical marijuana sales and $149.1 million adult-use cannabis sales.

Sales shot up 23% over April, which is typically the biggest month for sales due to the 420 holiday. That’s an 11% increase over the all-time high of $173.2 million, set in August of 2019. Denver County alone accounted for $43.9 million in sales.

In Other News

In celebration of National Hemp Month, Uncle Bud’s, the Made in America, mass-market leader in Hemp and CBD, reveals its first campaign imagery with Jane Fonda, the brand’s newest ambassador. Shot by acclaimed photographer John Russo with styling by Cristina Ehrlich, who is named one of the top 25 most powerful stylists by The Hollywood Reporter, the campaign features two-time Academy Award-winning actress, author, activist, and fitness guru Jane Fonda, who was playfully captured with her go-to products from Uncle Bud’s Hemp & CBD.

With the partnership kicking off during the pandemic, Uncle Bud’s, an innovative leader in the Hemp and CBD space was inspired to get creative in working with Fonda to release the collaboration. In lieu of a traditional photoshoot, Fonda was announced as the brand’s newest ambassador in May by way of a lighthearted video created by Fonda and shared on her personal social media accounts. The video was a fun play on TikTok’s viral ‘pass the brush’ challenge, and the partnership has lived on social channels until now.


StaffStaffJuly 10, 2020
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5min2390

Four former senior staffers at High Times Magazine have partnered with Northwest Leaf Magazine to launch Northeast Leaf, a free monthly print magazine focused on the growing Cannabis communities and businesses in the eight states of the region. Making the move from High Times are Former Senior Cultivation Editor Dan Vinkovetsky (previously known as Danny Danko), Editor-In-Chief Michael Gianakos, Director of Technology Pete Thompson, and Advertising Executive Michael Czerhoniak.

Distribution is planned for September 2020, New York, New Jersey, Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire, and Maine will be represented. Northwest Leaf is a ten-year media brand that is currently publishing in five markets covering California, Oregon, Washington, Alaska, and Maryland.

Leaf Nation Founder & Publisher Wes Abney says, “With targeted media showing no signs of losing relevance, we’re elated for this opportunity to bring such an amazing stable of proven veterans into the Leaf family. The world needs honest Cannabis education and entertainment and it is our promise to stay true to the plant and the people as we grow the Leaf Nation into the global leader for Cannabis journalism.”

Dream Team

The team that Northeast leaf has assembled comes with a stellar pedigree. Gianakos was the former Editor-in-Chief of High Times from 2006-2020. He is the co-host and producer of Grow Bud Yourself! podcast. Danny “Danko” Vinkovetsky has written about cannabis for over 18 years at High Times and was most recently the Senior Cultivation Editor. He is the author of The Official High Times Field Guide to Marijuana Strains and Cannabis: A Beginners Guide to Growing Marijuana.

Vinkovetsky said, “With several popular magazines all having gone out of print, it makes perfect sense for us to continue our passion for the written word with such a respected, proven brand as The Leaf. And I love that it’s free to the public!”

Co-owner of The leaf and former syndicated radio personality, Mike Ricker, also shared in the merriment. “I’m elated to bring my 20 years of corporate broadcast experience to the next level as we expand our magazines, multimedia platforms, podcasts, and world-class events while building the most revered brand in the blooming Cannabis industry and beyond!” Ricker received the Billboard Award for Rock radio Personality of the Year in Seattle in 2008.

Rounding out the team, Thompson was the digital director at High Times from 2013-2014 and Black was a 21-year veteran of High Times. Black is the host of the podcast Blazin’ With Bobby Black and the Co-founder of High Way Travel. Czerhoniak was the advertising director at High Times for 15 years and is currently the Registration & Event Director for CHAMPS Trade shows.


StaffStaffJuly 9, 2020
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6min1080

It’s time for your Daily Hit of cannabis financial news for July 9, 2020. 

On the Site 

High Times 

The Cannabis Law report has confirmed from HighTimes Holding Corp. lawyer  Stephen Weiss and Megan Penick of L.A. based Michelman Robinson LLP that the Securities & Exchange Commission (SEC) has halted sales of shares in the company. The story as reported by Teri Buhl states that the reason the sales were stopped is the company hasn’t filed its annual report. 

The last time the company filed official annual earnings was June 2019. High Times had told investors it would get updated financial information on June 12, but that did not happen. The company has extended the offering of shares for two years, initially telling investors that it would list its shares on the NASDAQ. Then it lowered those expectations to the Over-The-Counter Marketplace. Still, it hasn’t happened. 

What has happened is that the company continually announces acquisitions and tells investors how much money the new acquisition will bring in. Then months later, the deal typically quietly goes away. Sometimes announced in an SEC filing and sometimes just through a press release. In some cases, the acquisitions just never close and stay in a suspended state waiting for the shares to go public as payment for the acquisition. 

Higher Ground 

Higher Ground media and Seattle-based cannabis company Saints Joints have created The Ballot Box, a high-end box of cannabis joints designed to smash stoner stereotypes by registering people to vote. In addition to five premium pre-rolls, the Ballot Box contains a QR code that immediately registers voters, a mini version of the Bill of Rights, and non-partisan information about voting and elections. 

“The cliche, obviously, is that pot smokers are lazy and couch-locked, when – in fact – we’re as active and involved as any community,” notes Higher Ground Editor-in-Chief Michael A. Stusser. “With the Ballot Box, we’re using a new platform as an entry point to spark engagement, and register new voters.” 

In Other News 

Marijuana Policy Project, the largest organization in the U.S. focused solely on enacting humane cannabis laws, is launching its “Reimagining Justice” Initiative on July 15. The event will take a deeper look at Race, Cannabis and Policing in America with an afternoon of thoughtful discussion amongst America’s leading civil rights and cannabis activists, including former NBA star Al Harrington and Canadian cannabis entrepreneurs and Houseplant co-founders, Seth Rogen and Evan Goldberg. 

“As our country grapples with how to address criminal justice and policing reform, it is of the utmost importance to include cannabis legalization in the discussion. For decades, cannabis criminalization has disproportionately harmed Black and Brown lives and has served as a pretext for countless police stops, some of which end with fatality. While cannabis legalization is not the cure-all to end oppressive policing, it is necessary and would provide an opportunity to shift policing away from the failed drug war and towards community healing,” said Steve Hawkins, Executive Director of the Marijuana Policy Project. 


StaffStaffJuly 9, 2020
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4min1830

Higher Ground media and Seattle-based cannabis company Saints Joints have created The Ballot Box, a high-end box of cannabis joints designed to smash stoner stereotypes by registering people to vote. In addition to five premium pre-rolls, the Ballot Box contains a QR code that immediately registers voters, a mini version of the Bill of Rights, and non-partisan information about voting and elections.

“The cliche, obviously, is that pot smokers are lazy and couch-locked, when – in fact – we’re as active and involved as any community,” notes Higher Ground Editor-in-Chief Michael A. Stusser. “With the Ballot Box, we’re using a new platform as an entry point to spark engagement, and register new voters.”

The Saints Joints/Higher Ground Ballot Boxes was launched on July 4th and will be available in California, Washington, and Oklahoma. The QR code directs consumers to the Cannabis Voter Project – and immediately registers individuals to vote. The nonprofit and non-partisan Cannabis Voter Project is focused on educating, registering, and turning out voters. HeadCount has registered half a million voters since 2004 at concerts and events.

Higher Ground TV is an online cannabis media company not unlike The Daily Show. It has been using comedy driven videos and parodies to elevate the dialogue on cannabis culture, including Comedians in Cars Smoking Cannabis, and Profiles in Legal Cannabis.

Saints Joints is known for its hard-cased luxury boxes highlighted by artists such as the Bay Area’s Jeremy Fish in their Artist’s Series packs, a Tattoo Art Series featuring Jimbo Phillips, and a Limited Edition Pride Pack with proceeds benefiting Equal Rights organizations. Each specialty box is a limited edition similar to album covers and creating a rock n’roll collect-‘em-all incentive.

“We see ourselves as leaders not only in the arena of legal cannabis but as members of the mainstream community,” said Lawrence Perrigo, founder of Saints. “The collaboration with Higher Ground is our latest joint effort to raise awareness, and show how cannabis brands – and consumers – are doing more than getting high. We’re also highly engaged in the democratic process.”

“We thought it was important to include the Bill of Rights in our Ballot Box,” said Stusser, “because these individual rights weren’t originally included in the Constitution. Like the legalization of marijuana, the people had to push the government to allow it.” The Bill of Rights, of course, includes the first 10 amendments in the Constitution, including freedom of speech, religion and the press, the right to assemble, States rights, and due process.

“These amendments – like cannabis – were controversial at first,” notes Saint’s Perrigo. “Today, over 70% of the population supports legalization – but we have a long way to go at the national level. So adding the Bill of Rights is a nod to weed smokers that our democracy is still evolving – and we need to be involved to make lasting change.”

 


StaffStaffJuly 8, 2020
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6min1060

It’s time for your Daily Hit of cannabis financial news for July 8, 2020. 

On the Site 

KushCo 

KushCo Holdings, Inc. (OTCQX:KSHB) reported that its net revenue dropped 46% in its fiscal third-quarter ending May 31, 2020. The net revenue of $22 million was also lower than what the company has forecast in March when it told investors that it would be roughly $30 million. Analysts according to Yahoo Finance had estimated that revenue on the low end would be $29 million. 

The company attributed the drop to the adoption of the 2020 Plan, which meant tighter credit terms being extended to smaller customers. the company is focused on larger, more financially healthier customers. 

In addition to that, the drop in revenue was also driven by lower sales from vape and natural products, as well as order lumpiness from KushCo’s larger customers. Compounding the quarter’s decision to tighten credit, COVID-19 caused travel and regulatory restrictions in the markets that the company operates. 

Conception Nurseries 

Tissue culture technology company, Conception Nurseries has raised more than $15 million with the addition of approximately $12 million in its Series A round. The company said that the proceeds would be used to operationalize its facility in Sacramento, CA. 

The raise was announced by Viridian Capital Advisors, who through broker-dealer, Pickwick Capital Partners, led the financing round. 

Massachusetts 

Adult-use stores in Massachusetts closed for business on March 24th and reopened on the 25th of May. Sales were significantly higher than usual in the two weeks leading up to the closing of the adult-use market’s retail stores in Massachusetts. The day before closing, March 23rd, sales spiked 60% because of customers trying to stock up before the lockdown.  

A new report issued by Nucleus One, a Massachusetts-based B2B cannabis company offering a variety of services, has reviewed the COVID-19’s impact on the state’s cannabis industry. 

In Other News 

Scythian Real Estate, a full-service real estate company that specializes in working with sophisticated, well-capitalized cannabis operators, today announced the acquisition of a 3,048-square-foot facility operated by Grassroots Cannabis in Bradford, Pennsylvania. Scythian purchased the recently renovated property at 109 Main Street from Grassroots Cannabis in a sale-leaseback transaction. 

“This is our third transaction with Grassroots, and we’re thrilled to continue building a strong relationship with such a well-respected leader in the cannabis market,” said Randy Roberts, partner at Scythian. “We look forward to identifying new opportunities to further position Scythian for long-term growth in limited-license states and other strategic markets in the U.S.” 

 

 

 


StaffStaffJuly 8, 2020
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2min1550

Tissue culture technology company, Conception Nurseries has raised more than $15 million with the addition of approximately $12 million in its Series A round. The company said that the proceeds would be used to operationalize its facility in Sacramento, CA.

The raise was announced by Viridian Capital Advisors, who through broker-dealer, Pickwick Capital Partners, led the financing round.

Kevin Brooks, Conception’s CEO said, “Our focus at Conception is not only to provide a far superior plant when compared to traditional propagation but to do so at or below what it would cost a cultivator to do in house. The only way to achieve this is through scale and automation. We conducted a global search for partners to bring state-of-the-art, industrial agriculture technology to the U.S. cannabis industry. We thank the team at Viridian Capital for their hard work and perseverance in completing our Series A financing.”

Conception’s goal is to  solve some of the cultivators’ trickiest problems by bringing tissue culture technology (micropropagation) to the cannabis industry. The company said in a statement that growers have been dependent on “mom plants” to produce “clones” that deliver inconsistent harvests with diluted and uncontrollable traits. “This results in cultivators being unable to accurately forecast production and end-users being unable to depend on a consistent experience. Tissue culture technology allows Conception to quickly mass-produce identical, disease-free plantlets with customized and consistent profiles. This reduces growers’ operational risks and costs while increasing yields. Conception’s plants will be sold at (or even below) what it costs cultivators to produce them in-house.”

Scott Greiper, President and founder of Viridian Capital, stated, “Conception Nurseries, led by its CEO, Kevin Brooks, is at the forefront of the adoption of tissue culture technology as the standard for cannabis cultivators. Conception’s technology, combined with Kevin Brooks’ track record as a growth-company CEO, is why we were excited to represent Conception as a Viridian client.”

 


StaffStaffJuly 7, 2020
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6min890

It’s time for your Daily Hit of cannabis financial news for July 7, 2020. 

On the Site 

Jushi Holdings 

Jushi Holdings Inc. (JUSHF) announced its financial results for the first quarter ending March 31, 2020, and pre-announced its second-quarter 2020 revenues. Total revenue for Jushi increased 43% sequentially to $8.6 million, while the company delivered a net loss for the quarter of $15.8 million. The net losses were down slightly from the fourth quarter’s net losses of $17 million. 

The company attributed the increase in revenue to the acquisition of two medical marijuana dispensaries in Illinois, one of which began serving adult-use customers in March, and strong revenue growth at the Company’s BEYOND/HELLO stores in Pennsylvania. 

CannaGlobal 

Despite the continuing opportunities for the cannabis industry, many companies have decided that they don’t want to miss out on the emergence of the mushroom industry. The latest entry to the psilocybin race is CannaGlobal Wellness. 

This company is a combination of CannaGlobal, Sansero Life Sciences, and Rise Wellness. The new company said it will focus on psilocybin and other natural compounds to promote emotional, mental, and physical wellness. The company believes that its assembled team of cannabis executives will prove to be a winner in the increasingly crowded space for psilocybin, which is still an illegal substance. 

California 

The Santa Barbara County Grand Jury issued its 2019-2020 Final Report on June 30, 2020. The last section of this report is devoted to the County’s actions relating to the cannabis industry. This last section of the Report is a scathing indictment of the manner in which greed for money and power influenced the governance of Santa Barbara County in its adoption of ordinances relating to cannabis. 

The following is an introductory summary of the Report. 

“The action taken by the Santa Barbara County Board of Supervisors to certify the development of a robust cannabis industry as the primary objective of the cannabis ordinances has altered the quality of life in Santa Barbara County, perhaps forever.”

In Other News 

Cansortium Inc. (OTCQB: CNTMF) announced financial results for its first quarter ended March 31, 2020, and reiterated its full-year 2020 outlook. Consolidated revenue increased 84 percent to $10.2 million, compared with revenue of $5.5 million. Consolidated net loss totaled $(13.9) million, or $(0.07) per diluted share, compared to consolidated net loss of $(16.3) million, or $(0.10) per diluted share. 

The Company reiterated its full-year 2020 outlook for consolidated revenues in the range of $55 million to $60 million and Adjusted EBITDA of more than $15 million. The forecast is based on projected revenues of at least $45 million for Cansortium’s Florida operations with additional revenue from the Michigan, Pennsylvania and Texas markets.  

The Company expects to open up to six additional Florida dispensaries during the remainder of 2020, contingent upon timing of construction and final permitting. These locations include Coral Gables, Kendall, and Coral Springs. In addition, the Company expects to develop two new dispensaries in the south-central region of Pennsylvania during 2020 that will begin operating by early 2021. 


StaffStaffJuly 6, 2020
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6min860

It’s time for your Daily Hit of cannabis financial news for July 6, 2020. 

On The Site

Fire & Flower 

The relationship between Fire & Flower Inc.  (OTCQX: FFLWF) and its strategic investor Alimentation Couche-Tard Inc. (OTC: ANCUF) had signaled that someday the convenience store chain Circle K would get involved with cannabis. It seems the day is getting closer as Fire & Flower announced the openings of its first two cannabis retail stores adjacent to Circle K locations in the province of Alberta. 

Fire & Flower’s plan is that it will gain from the high traffic at these Circle K locations that will be convenient for cannabis customers. The company said it believes it will maximize the benefit of the Spark Perks program and Spark Fastlane online ordering services at conveniently located stores. 

Havn Life 

Medical cannabis legalization is a fait accompli in thirty-three states and counting and eleven states have legalized recreational marijuana, suggesting a brighter horizon for other restricted plant medicines as well. Enter psychedelic mushrooms, otherwise known as Psilocybe spp., and Susan Chapelle, co-CEO of the newly-launched Havn Life, a company dedicated to developing a range of standardized, quality-controlled psilocybin products to be used by researchers. 

Chapelle (whose bio includes being the first female steel rigger in North America, a two-time elected politician, and boasts years spent lobbying for health policy change), launched Havn Life as part of a larger mission to build evidence-informed natural healthcare products that help people manage their own healthcare. 

In Other News 

Ayr Strategies 

Ayr Strategies Inc. (OTCQX: AYRSF) announced preliminary financial and operating results for the month of June and three months ended June 30, 2020. Revenue for June is expected to set an all-time monthly record at approximately $12.7 million, representing a 14% increase over the Q1 monthly average and a 46% increase over June 2019. Revenue for the second quarter is expected to be approximately $28.4 million, which represents a 15% decrease from the prior quarter due to COVID-related closures in April and May. 

“Despite the many challenges we faced during the second quarter, where our revenues fell essentially to zero at the beginning of April given the temporary regulatory restrictions in Nevada and Massachusetts, today’s preview of our Q2 2020 results shows our business is stronger than ever before,” said Ayr CEO Jon Sandelman. “In addition to increasing adjusted EBITDA and cash flow from operations for the quarter, we set monthly records in June for both revenue and adjusted EBITDA, as well as in income from operations.” 

Sunniva

Sunniva Inc. (OTCQB:SNNVF) said that its wholly owned subsidiary, 1167025 B.C. Ltd. (“1167025”) did not receive confirmation of the waiver of conditions on July 2, 2020 with respect to the previously announced sale of its property at Okanagan Falls, British Columbia, between 1167025 B.C. Ltd. and an independent real estate investment fund. As per the Sales Agreement, the failure to waive or fulfill any of the conditions will cause the contract to be terminated. On July 3, 2020, the Buyer advised the Company that it does not intend to proceed with the purchase of the property. 


StaffStaffJuly 6, 2020
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8min2201

Editors Note: This is a guest post.

Cannabis and its derivative products are all the rage right now. State after state legalizes its recreational use and dispensaries all over the country are making loads of money. The medicinal aspects of the plant are also heavily taken advantage of by big pharmaceutical companies, with new, branded drugs being released with cannabis as their primary component. 

Although Canada is at the forefront of the legalization battle, having fully legalized all uses of the plant back in October 2018, the United States is not lagging behind. One of the better examples of this in Nevada, where after the passing of a bill allowing the sales of recreational pot by any licensed dispensary, free delivery of cannabis in Las Vegas drew so many customers in, that many of these businesses were running out of drivers! 

These developments naturally make investors around the world question whether investing in cannabis-related stocks is worthwhile. The weed market is very young, and therefore highly volatile, and therefore susceptible to many ups and downs in the nearest future. It will take an additional couple of years for it to stabilize, which is something you need to keep in mind when planning out your investments

The general trend seems to be that it will continue to grow, as proven by the continuous passing of legislation in countries around the world, liberalizing the restrictions on the stuff. This allows entrepreneurs and investors alike to get creative with their money and come up with exciting new ways to consume and make use of cannabis. 

Experts predict that by 2022, the marijuana market will reach $32 billion — that leaves plenty of room for improvement and growth, making weed stocks a perfectly viable option for investments. You will find the most powerful and stable publicly traded cannabis companies below. 

Canopy Growth Corporation

This Canadian company is a true cannabis giant — back in 2014, it became the first company of its kind to be publicly traded. Back then, it was listed on the Toronto stock exchange and made its way to the NYSE in May 2018. 

Canopy Growth (NYSE:CGC) made the headlines in 2018 when Constellation Brands bought $4 billion worth of their stock. They are an alcohol importer, so you can be sure that there’s a plan of producing branded marijuana-infused beverages in the works. 

Moreover, Canopy was the first Canadian producer to export their dried marijuana to Germany, making it a truly intercontinental corporation. They continue their operations on European soil through a wholly-owned subsidiary that distributes Canopy products to German pharmacies. 

As of recently, Canopy has been aggressively increasing its footprint in the American market, most notably through striking a deal with Acreage Holdings (a US-based major distributor), allowing it to secure a huge market share in the US, by far the largest cannabis market in the world. 

Canopy Growth is by far the most secure option to invest in, as they have proven their global ambitions and increased scope of their operations year after year since its inception back in 2013. 

Tilray 

Similarly to Canopy, Tilray is also one of the largest cannabis-producing corporations in the world. Based in the United States, its scope is even larger than that of Canopy Growth, with Tilray owning subsidiaries all over the globe — they’re exporting to places like Chile and Argentina, but also plenty of European countries, such as Ireland and Switzerland. Tilray has also opened a licensed production facility in Portugal, the only North American company to produce cannabis-based products in the EU. They can be found in pharmacies in most European countries. 

It is also worth noting that while the Asian cannabis market is largely untapped due to extremely strict regulations of the plant in those regions, Tilray has managed to open up limited facilities in South Korea and Japan — as the trend of cannabis laws being liberalized all over the globe continues onto Asia, Tilray will be ready for it, way ahead of other cannabis enterprises. 

If you need any more convincing of Tilray’s might and the influence it wields over the global cannabis industry, there is no better example of it than the fact that its CEO, Brendan Kennedy has become the first-ever marijuana billionaire, with his net worth being estimated at around $2.4 billion. 

The Choice is yours 

Investing large amounts of money into a volatile market should always be done with extreme caution. This is a move that needs to be thought through. Should you invest in one of the big boys, like Tilray and Canopy Growth, or move your money towards a smaller, but more exciting enterprise, such as the various local dispensary chains that are literally popping up like mushrooms after heavy rainfall? 

The choice belongs to you. As for the industry giants, it might be more reasonable to buy Canopy Growth stock, as it is still less developed than Tilray, and their potential is still largely untapped, making it the more exciting option of the two. 

 



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


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