Videos Archives - Green Market Report

Video StaffVideo StaffJuly 10, 2020

3min3181

KushCo Holdings Inc. reported that its revenue had dropped by 46% as the company shifted gears to focus on larger, more financially stable customers. The compare reported revenue of $22 million, which missed analyst estimates and was far lower than what even the company had forecast it would report. Net losses increased to $13 million, but the company’s expenses fell by 50%. The drop in expenses was partly due to the pandemic. 

Jushi Holdings Inc.  reported that its Total revenue increased 43% sequentially to $8.6 million in the first quarter, 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. Jushi said that it expects to report total revenue of $15.0 million in the second quarter, an increase of 74% sequentially. Jushi said it is also reaffirming its 2021 revenue guidance of $200 to $250 million.

A story from the Cannabis Law Report broke the news that the SEC has told High Times to stop selling its shares until it files its annual report. The two year long offering was recently extended again to September. High Times hasn’t reported any financial information since June 2019. The company requested a delay due to COVID-19.

It seems that the day that convenience stores could be selling cannabis 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. 

Cannabis tissue culture company Conception Nurseries has raised $15 million in a Series A offering.

And finally, more psilocybin companies have launched this week. CannaGlobal Wellness 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. Lorne Gertner the founder of Tokyo Smoke islisted as the Chairman. CEO Susan Chapelle has launched Havn Life which will be developing a range of standardized, quality-controlled psilocybin products to be used by researchers.


Video StaffVideo StaffJuly 3, 2020

4min4160

It’s a shortened trading week as markets are closed on Friday to celebrate the Fourth of July. The good news is that 2020 is half over.

 

Despite the continued pressure on cannabis stocks, investors continue to pour money into the industry. The companies most favored are those with consistent and reliable sources of revenue. This week Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR)  priced its underwritten public offering of $225 million. The deal is expected to close on or about July 2, 2020. The underwriters also have a 30-day option to purchase up to an additional 402,504 shares of its common stock.

 

GrowGeneration Corp. priced an underwritten public offering of roughly $42 million and that’s up from the originally planned $35 million.

 

Bhang reported that it had revenue of $4.7 million in 2019, but net losses of $15 million. 

 

There was also a lot of news from the pharma side. GW Pharmaceuticals outlined its plans for its other cannabis drug Sativex. It has a strategy to use the drug as a treatment for MS Spasticity. PTSD and spinal cord injury.

 

Zynerba unfortunately had to report that its trial for its Zygel drug as a treatment for Fragile X failed to produce the necessary threshold for positive results. 

 

Cresco Labs Inc. and Innovative Industrial Properties, Inc. (IIP) have closed on the acquisition of a property in Massachusetts with a leaseback agreement. The property is valued at $7.8 million and is the fifth such deal the two have done.

 

Harborside said it won’t be able to file its financial reports on time. A cease trade order is expected until the company can get those results published.

 

And finally, HBO Max has become the latest production company to use cannabis products as a marketing tool for an animated show called Close Enough that will begin streaming on July 9. The company is partnering with Sunderstorm’s Kanha Cannabis Infused Gummies and online cannabis marketplace Eaze to launch a collection of character-inspired CLOSE ENOUGH edibles. 


Video StaffVideo StaffJune 29, 2020

13min3300

Green Market Report CEO Debra Borchardt:

Kevin Harrington has recently joined with Cannaprenuer Partners, a company that is investing in cannabis companies. Kevin, you’ve not been in cannabis, but you have certainly been in the corporate world and businesses. You’ve been helping so many companies get started or grow. What at this point prompted you to get into cannabis and specifically choose to join up with Cannaprenuer?

Kevin Harrington:

Great question. Thank you. If I go all the way back, I’ve been a product guy for many years. 38 years ago I was creating infomercials and As Seen on TV, and doing some fun things with Jack LaLanne and the juicer, and George Foreman, and Tony Little, and Billy Mays. That’s been my previous life, and taking a lot of pitches. Of course, then original Shark on Shark Tank, being able to take pitches on national television, that was pretty cool. But one thing Shark Tank never did, they never took pitches about cannabis. Shark Tank is on ABC Network. It’s the Disney Group and so cannabis was not their cup of tea. I don’t know if they’ll change that at some point, but most of the entrepreneurs and judges and Sharks are in cannabis investments, O’Leary and Cuban, et cetera.

Kevin Harrington:

I finally said to myself, “This is going to be a $20 billion industry. I need to get in it.” And I didn’t want to invest personally because I didn’t have enough knowledge about cannabis like I have about the housewares industry or the hardware industry. But cannabis is new, relatively new in those terms, but it is an opportunity that I thought, with Cannaprenuer, they’ve got years of experience in investing in cannabis companies and they know what is hot, what to look for. So I thought I want to put my efforts with a group like Cannaprenuer, and it’s worked out great so far.

Green Market Report:

Is there a specific criteria that the company is looking at? Are they okay with plant-touching. Are they really looking at more ancillary? Is there something specific that they look for or is it really strictly management and numbers?

Kevin Harrington:

So, I mean, at the end of the day, as folks investing in and needing a return on our investment, it does boil down to numbers, sales, profits, all of that, because, yes, there’s only so long you can be in a play and an investment where there are no profits. But I think that we look for new technologies, we’ve got an AI investment, we’re in the vending machine business. So I think new ways to sell, to distribute, we’ve got dozens of deals that we’re looking at right now. So, I have a saying, “I look for something that is unique enough and something that solves a problem, but it’s unique enough such that the problem it solves is not being solved by any other product or service already in the marketplace.” So I think that’s something that’s powerful, is that unique aspect of the product or the service.

Kevin Harrington:

But from my side, I’m, again, a product guy so I’ll be looking at products and we’ll actually be putting on Shark style events where we’re going to go in and we’ll take pitches. Now, we could do it virtually right now, but eventually, we may be able to do these live in person because this is something that coming off of Shark Tank I know that there’s a lot of excitement around hosting a pitching event. People love to pitch to the Sharks type of thing, and so we’re going to be doing that to bring more deal development, more product development and projects that are going to be coming to us.

Green Market Report:

I’ve certainly been to Tech Crunch Disrupt and I will agree that the pitch contest is super exciting and that room is filled with hundreds of people. So you look at a lot of companies, as you mentioned, you’ve got a long history of looking at companies, and I would feel that you’re able to dissect and drill down very quickly what a company is doing right and what a company is doing wrong. What are some of the flaws that you see keep getting repeated by cannabis companies in some of these pitch decks that are crossing your desk?

Kevin Harrington:

Well, I think part of the challenge is a lot of times their biggest flaw that I see is the customer acquisition strategies and the marketing plan. I think too many times people, the entrepreneurs, they have this vision and they’re so excited about it but they don’t necessarily know what the rest of the market is also working on things similar. But, at the end of the day, my industry, when Tony little showed me the Gazelle, it’s a $500 piece of equipment, I had to figure out, how can I acquire customers for $100 to $150? And whether it be TV, radio, print, internet, whatever, that’s the focus. And so there are digital plans, there are marketing plans, and TV plans, and all of these kinds of things that are so important about getting the customer and then improving the lifetime value of that customer.

Kevin Harrington:

So those are sort of two of the things I focus on. And when I’m getting pitched, I want to know, do you have a customer acquisition strategy? And also, do you have a longterm plan to keep your customers not only happy but coming back and accelerate that lifetime value of that customer? Those are the two key things that I look at.

Green Market Report:

So that’s good information to have for these entrepreneurs before they get into the cannabis Shark Tank with you, they better know the answers to those questions.

Kevin Harrington:

Absolutely.

Green Market Report:

The big thing right now, of course, is social equity. And I’m curious what Cannaprenuer is going to do with regards to this. Women in the cannabis community have had a hard time getting access to capital, which is something that is in general, and then of course now we’re seeing a lot of attention for people of color and that has always been a hot button issue within the cannabis industry. What do you guys plan to do with regard to that issue?

Kevin Harrington:

Well, I mean, I think as a company, we have a strategy and we have only a certain amount of dollars that we can invest. It’s never just an unlimited amount. So we’d like to balance out our investing and I don’t want to have too much in, you’ve talked about plant-based, yes, we will be in plant touching type things, but it’s not 100% there. So, as I mentioned, we might do products and we might do software and AI and vending, et cetera, et cetera. So I like to diversify the investment strategies and I believe having the minorities taken care of, we want to be an outlet for women and minorities, for sure. And I think this is why this kind of Shark Tank style events, will give folks the chance to come in pitch us, because in those events, the opening pitch, we give you three minutes usually, right? We’re not going to write a check after three minutes.

Kevin Harrington:

The whole goal of that is to sit down, understand the business model, and where you’re going and how we can be a player in the business because we want to have a balanced and diversified investment strategy.

Green Market Report:

So you mentioned that there’s been a lot of change in the industry. Do you think that right now the disruptions that we’ve been seeing within cannabis, we’ve seen a lot of companies struggling financially, we’ve seen some mergers and acquisitions and a lot of movement and change going on, do you think that that presents an opportunity for Cannapreneur?

Kevin Harrington:

I absolutely do. Yes. I mean, there are companies that are undercapitalized. We’re talking to quite a few companies right now, companies that, I mean, who knew that this pandemic was going to hit three or four months ago, right? I mean, I made a couple of personal investments right before all of this, and they’re struggling because we didn’t, we didn’t plan for this. I mean, one of them was a retail play that’s having some tough times. So, obviously, retail itself is difficult. They had a little bit of a unique strategy, but, still, when everything is shut down, there’s nobody coming out. So I think that, at the end of the day, there are some people that maybe got some initial capital raised, got something up off the ground. Now, they’re out of money, they’re out of cash, and they’re not having an easy time raising.

Kevin Harrington:

So the beauty of Cannapreneur, my partners, Michael Scott, et cetera, these are folks that come from the financial communities and raising capital and understanding that side of the market. And this is what I’ve been doing for many, many years too. I use my own capital, but I also raise capital, and so I believe that we will find some great opportunities from some under-capitalized startups that have hit a point where they need some help.

Green Market Report:

Well, I am sure that the cannabis companies that are out there happy to see that you guys are in business and that you are looking to help some of these cannabis companies. Certainly, many of us could use it. So thank you, Kevin Harrington for joining us on Green Market Report and good luck with your business venture.

 


Video StaffVideo StaffJune 26, 2020

6min4211

Happy Pride weekend everyone. Celebrate safely. 

Canopy Growth Corporation (NYSE: CGC) and Acreage Holdings, Inc. (OTCQX: ACRGF) stunned markets when the two companies agreed to an unusual deal in 2019. The agreement was that when cannabis was legalized in the U.S., Canopy would buy Acreage. It was called the “triggering event.” A lot has changed since then and now the deal has changed accordingly.  Acreage shareholders will now get an initial up-front payment of $37.5 million in connection with the modification of Canopy Growth’s rights. That’s a big drop from the original price tag of $3.4 billion.  In addition to that CEO Kevin Murphy is resigning from the company.

Aurora Cannabis Inc.  (NYSE: ACB) is the latest cannabis company to destroy the job argument as a reason for legalization. The Canadian cannabis company laid off 25% of Aurora’s SG&A staff, most of those to take place immediately and a roughly 30% reduction in production staff over the next two quarters. The cuts went to the highest levels including a restructuring of the executive leadership team and the recently announced retirement of President Steve Dobler. Aurora said it has initiated a plan to close operations at five facilities over the next two quarters in order to focus production and manufacturing at the Company’s larger scale and highly efficient sites.

Jushi Holdings Inc. (OTCQX: JUSHF) is planning on buying Vireo Health’s (OTC:VREOF) Pennsylvania Medical Solutions, LLC as the company looks to strengthen its position in the state’s market. Jushi will 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.

GW Pharmaceuticals plc (Nasdaq: GWPH) said that the UK Home Office has reclassified Epidiolex, the company’s cannabidiol medicine as a Schedule 5 drug. A big relief to patients and pharmacists. 

TILT Holdings Inc. (OTCQB: TLLTF) reported Quarterly revenue of $42.4 million, up 27% Quarter over Quarter and 23% over Q1 2019. The company reported a positive net income of $50,925.  

Organigram Holdings Inc.  (NASDAQ: OGI) issued a very brief announcement stating that the company was facing a lawsuit and that it was changing its newly launched Trailer Park Buds brand. Organigram said it wouldn’t comment on the case, which was started in the Court of Queen’s Bench in Alberta. It is a class-action case that seeks damages from many cannabis companies including Organigram. 

A Cease Trade Orders have been issued by one or more securities commissions. 

Alternate Health Corp.  AHG  Ontario Securities Commission 
Champignon Brands Inc.  SHRM  British Columbia Securities Commission 
CIM International Group Inc.  CIM  Ontario Securities Commission 
iAnthus Capital Holdings Inc.  IAN  Ontario Securities Commission 
Ionic Brands Corp.  IONC  Ontario Securities Commission 
Sunniva Inc.  SNN  Ontario Securities Commission and British Columbia Securities Commission 

StaffStaffJune 22, 2020
drihp2.jpg

4min4670

The environmentally-safe hemp apparel line DRIHP  has chosen actress/philanthropist, Bella Thorne as an ambassador for the clothing line. Influencers Rachel Cook and model and social media personality, Jay Alvarrez have also joined as Brand Ambassadors.

Thorne said, “It’s important for me to use my voice to spread the beauty and knowledge of this world.  It was mind-blowing to find out that so many people when you discuss hemp put it in the same category as cannabis. It was crazy to watch how their minds would automatically shut down to the concept.  When Luke approached me about DRIHP, I was like, yes, yes… Let’s save the planet dude and let’s educate the world on this wonderful, amazing product, that we can make clothes out of, build houses with, eat when we are hungry, the uses for it are virtually limitless!  Hemp is the answer to saving the planet and I am stoked to be able to play a small part of that education. If you can change one person’s mind… you can help change the world.”

DRIHP was founded by a millennial entrepreneur, Luke Dandrea, who is also the founder of the hemp flower, hemp seed and hemp crop insurance company, Clone Connect.  With its multiple uses, Dandrea’s mission is to educate the consumer one product at a time on how industrial hemp is the game-changing component in the science of global warming. One of the many uses of industrial hemp is textiles, which is what DRIHP is focused on.

The fibers from the stalks of a hemp plant create eco-friendly hemp apparel and the H in DRIHP stands for Hemp. DRIHP textiles use 1/20 of the water that is required to grow and process traditional cotton fabrics. The line will carry men and women’s clothing and accessories. DRIHP is currently giving away 20,0000 breathable and stylish hemp face masks to customers that go to the website and sign up.

Thorne a long-time cannabis enthusiast is the co-founder of her own very successful cannabis and CBD brand line called Forbidden Flowers, which launched through Glass House Group in October 2019.  Understanding the history of hemp, she thought it was important to jump on board to this project to help educate her fans, etc. about the environmental benefits of hemp and clear up some of the misconceptions of placing hemp in the same category as cannabis.

 


Video StaffVideo StaffJune 19, 2020

3min3180

We wish everyone a Happy Juneteenth. We stand with the protestors and Green Market Report has made donations to a variety of charities. We will strive to make more efforts at covering minority executives in our Executive Spotlight and authors in our Friday Book Club as well as in our general reporting.

 

Earnings continue to roll in. MJardin Group, Inc.  (OTCQX: MJARF) reported results  fiscal year ending December 2019, with revenue falling to $26.7 million versus $27.5 million in 2018. In addition to the drop in revenue, MJardin delivered a 2019 net loss of $267.5 million versus $81.4 million in 2018.

 

Fire & Flower Holdings Corp. (OTCQX: FFLWF) reported total revenue of $23.1 million for the first-quarter fiscal 2020 ending May 2, versus revenue of $9.5 million in the first quarter of fiscal 2019  

 

Multi-state operator 4Front Ventures (OTC:FFNTF) reported fourth-quarter revenue increased 525% to $17.5 million over last year’s revenue for the same time period. 2019 revenue increased 786% to $31 million. first quarter looks to be increasing 36% sequentially to $23.8m.

 

High Tide Inc. (OTCQB: HITIF)  reported its financial and operating results for the second quarter of fiscal 2020 ending April 30, 2020 with revenue increasing by 197%, to $19.57 million from $6.60 million for the same quarter last year.

 

 MedMen (MMNFF)co-founder Adam Bierman, has stepped down as a member of the board of directors. His co-founder Andrew Modlin, has also stepped down as an observer to the company’s board of directors.

 

Black Tie CBD filed a lawsuit against High Times for the canceled Hemp Cup. Black Tie was a sponsor and had apparently forwarded $25,000 for the event, which was canceled due to COVID. High Times has not refunded the money despite saying publicly it would do so. 

 

Mydecine (MYCO.CN) (NLBIF) is quickly upping its fungi authority. The mycology-focused company has signed an agreement with Applied Pharmaceutical Innovation (API), a translational commercial drug institute at the University of Alberta’s Faculty of Pharmacy and Pharmaceutical Sciences.

 


Video StaffVideo StaffJune 12, 2020

4min4450

Schwazze(OTCQX: SHWZ) formerly known as Medicine Man Technologies is buying 14 Star Buds locations in the state of Colorado as part of the company’s pending acquisitions. The deal is valued at $118 million and the locations are said to have earned $50 in annual revenue.

HEXO Corp. (NYSE: HEXO) reported that its revenue increased 30% sequentially to $30.9 million in the third quarter fiscal. The net losses fell to $19.5 million from the second quarter’s kitchen sink net losses of $298 million. Revenues beat analyst estimates while earnings per share missed by two cents. 

Troubled cannabis company Namaste Technologies Inc. (OTCMKTS: NXTTF) continues its hard journey on the road to recovery as the company reported a 16% increase in net revenues to $5.3 million for the first quarter. Namaste said it was its highest quarterly revenue in two years. The company also reported that its net losses had been trimmed to $7.4 million from last year’s $10.3 million for the same time period.

Grow Generation Corp. (NASDAQ:GRWG) announced a $35 million stock offering and gave hints of potential COVID troubles ahead.

MediPharm Labs Corp. (OTCQX: MEDIF) closed a private placement with an institutional investor for gross proceeds of C$37,822,500. The company said it plans to use the money for general corporate purposes, including building on the launch of its Cannabis 2.0 offerings with new product formats and expanding its product and Active Pharmaceutical Ingredient exports.

Akerna Corp. (Nasdaq: KERN) has closed a $17 million debt financing with  two institutional investors.

Leading cannabis manufacturer in California, Procan Labs, announced its victory in a monumental lawsuit against the state of California. The company was found to have $2.6 million in “black market” cannabis oil as well as $620,000 in cash. The judge ultimately ruled the cannabis oil to be legally produced, as well as ruling that the Controlled Substances Act does not apply to licensed cannabis businesses in the state of California.

Vireo Health International, Inc. (OTCQX: VREOF) said that it has elected to terminate its employment agreement with Bruce Linton as Executive Chairman, on an entirely without-cause basis. Don’t feel bad for Bruce, he is also leading a $150 million SPAC

Aphria traded today for the first time on the NASDAQ this week with the symbol “APHA”


Video StaffVideo StaffJune 5, 2020

3min2560

It’s been a rough week for our country as peaceful protests sparked looting in some cities. Many dispensaries were targeted in the mayhem. As many as 43 stores reported looting in California, but retail in Oregon, Illinois, Pennsylvania and New York all experienced the robberies. Most pointed out that these were not protestors, but instead organized professionals taking advantage of a distracted police force. 

Green Market Report stands with the protestors and made a donation to the NAACP Legal defense fund.

Ok, on to the news

Smoking accessories e-commerce brand Greenlane Holdings, Inc. (GNLN) reported falling revenue for the first quarter ending March 31, 2020. Net sales fell 32% to $33.9 million in the first quarter of 2020 versus $49.9 million for the same time period in 2019.

Greenlane blamed the drop on the FDA’s restriction on the sale of certain products, primarily mint-flavored JUUL, and the execution of Greenlane’s plan to deliberately move away from low-margin JUUL sales, to focus on higher-margin products. The company also delivered a  first-quarter net loss of $16.8 million, slightly better than last year’s net loss of $17.7 million for the same period in 2019. 

Cannabis venture capital firm Canopy Rivers Inc. (OTC: CNPOF) reported its fourth-quarter results. Revenue was flat at $2.5 million for the quarter in 2020, while the net losses ballooned to $30 million from 2019’s net income of $3.5 million.

Multi-state operator Acreage Holdings, Inc. (OTCQX: ACRGF) said it has entered into two definitive funding agreements to receive up to $60 million. The announcement comes on the heels of Acreage saying it expects to take an $80-$100 million charge 

Acreage wasn’t the only company lining up capital. The Valens Company arranged for up to C$40 million of secured debt financing.

MJardin Group has terminated its previously announced acquisition of edible company Cannabella.

And finally  Clever Leaves will be listed on the NASDAQ (NASDAQ:NDAQ) as a result of its agreement with the Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA)

Stay safe everyone.


Video StaffVideo StaffMay 29, 2020

2min2600

It was a short trading week due to the Memorial holiday on Monday, however, there were still some earnings to report.

MedMen (OTC:MMNFF) warned that COVID had affected its sales beginning at the end of March although the company said that as restrictions begin to lift, sales look to be returning. The company reported revenue of $45 million in the third quarter and a net loss of $76 million. The losses have been trimmed a bit from $96 million in the previous quarter.

Zynerba Pharmaceuticals, Inc. (ZYNE) announced positive top-line results from the exploratory, open-label Phase 2 BRIGHT study The trial was designed to assess the safety, tolerability, and efficacy of the Zynerba drug called Zygel in pediatric and adolescent patients with autism spectrum disorder (ASD)

Organic cannabis company The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) reported revenue of C$3.06 million for the first quarter of 2020 ended March 31, 2020. The company also delivered a net loss of $73.4 million – a staggering amount when the revenues are so small, but it was at least an improvement over the fourth quarter’s net loss of $144 million.

Tilray’s (TLRY) wholly-owned subsidiary High Park Gardens will close its doors over the course of the next six weeks. the company said it expects to realize annualized net savings of approximately C$7.5 million. Tilray acquired Natura Naturals Inc., in a deal valued at C$35 million and has since operated it as High Park Gardens.
We have some stock housekeeping changes.

Aphria Inc.has decided to throw in the towel on its listing at the New York Stock Exchange and is moving to NASDAQ effective Friday, June 5, 2020, after the market close.

Aleafia Health Changes TSX Ticker Symbols from ALEF.to to “AH”. The OTC ticker remains the same.


Video StaffVideo StaffMay 22, 2020

4min5910

This week, Massachusetts said that recreational sales could begin on May 25th or Memorial Day. Sales can only be curbside and customers won’t be allowed in the stores. Great news for the Massachusetts cannabis companies.

Green Growth Brands filed for insolvency this week. The company was already forced to close its chain of CBDstores called Seventh Sense in March. Then the company faced huge debt payments and defaulted on its debentures this month. Now it has essentially had to throw in the towel. It’s one dispensary asset The+Source in Nevada remains open.

We have a few big earnings to hit upon this week, 

Trulieve Cannabis Corp. (OTCQX: TCNNF) reported that its revenue increased 21% sequentially to $96 million in its first quarter of 2020 ending  March 31, 2020, versus $79 million in the fourth quarter. This beat the Yahoo! Finance average estimate for revenue of $90 million for the quarter. Revenue increased 116% over last year’s first-quarter revenue of $44 million. Trulieve also delivered a net income of $14 million in the first quarter. 

Curaleaf reported revenue increased by 174% to $96.5 million for the first quarter while the net loss for the first quarter was $15.5 million, The net losses declined from the fourth quarter which was $26 million.

Harvest Health & Recreation Inc reported total revenue in the first quarter of $45.0 million, an increase of 134% from $19.2 million in the first quarter of 2019 The net loss was $20.0 million

Acreage Holdings said it expects to record a pre-tax, non-cash charge of $80 to $100 million in the quarter ending March 31, 2020. Its also selling Acreage North Dakota, where it operated one medical marijuana dispensary and selling undeveloped real estate on the island of Nantucket in Massachusetts. 

HEXO stock plunged this week after the company announced a $50 million offering. The units were priced at 90 cents a share, but they quickly sold off to 73 cents a share in Canadian dollars. 

Aurora Cannabis Inc. (NYSE: ACB) is buying U.S. CBD company Reliva, LLC for approximately US$40 million of Aurora common shares.

 



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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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