Videos Archives - Green Market Report

Video StaffVideo StaffJune 15, 2018

6min1600

Green Thumb Industries

Chicago-based cannabis company Green Thumb Industries (GTI) began trading on June 13 under the ticker symbol “GTII” on the Canadian Securities Exchange. GTI’s owner VCP23 did a reverse take over of Bayswater Uranium Corporation raising $67 million through a private placement. VCP reported that its total revenue for the year ending December 31, 2017, was $16.5 million with a net loss of $4 million.

48North

Toronto-based 48North began trading on Monday on the TSX Venture Exchange with the ticker NRTH. Led by Chief Executive Officer Alison Gordon, this cannabis company is a vertically-integrated house of brands focused on women’s health and wellness. So far the company has raised $27M between 2014-2016 via non-brokered private placements.

22nd Century Group

22nd Century Group, Inc. (NYSE: XXII) announced that it will be added to the Russell 2000, Russell 3000, and Russell Global Indexes when FTSE Russell (Russell) reconstitutes its U.S. and global equity indexes on June 22, 2018.

Aurora Cannabis

Aurora Cannabis Inc. (ACBFF) has signed a binding term sheet to acquire all the shares of private company Anandia Laboratories Inc. in an all-stock transaction valued at C$115 million. Anandia Labs is led by cannabis expert Jonathan Page, Ph.D., the company’s CEO and Co-founder. Dr. Page was the first scientist to sequence the cannabis genome and provide deep insights into the biosynthesis of cannabinoids and the interplay between cannabinoids and terpenes.

PRØHBTD

PRØHBTD, the leading cannabis lifestyle media, and brand platform have raised $12 million in funding, $8 million of which was recently secured from a Series A round of investment. The company plans to go public in Canada this year.

In other cannabis news…

Farm Bill

The Farm Bill passed with the attached hemp legalization language.  The Senate Agriculture Committee passed the 2018 farm bill in a 20-1 vote despite an attempt to tighten farmer subsidies. Sen. Chuck Grassley, R-Iowa, cast the sole “no” vote, because his amendment to limit subsidy payments wasn’t added to the proposed bill.

And finally

A new report from the Alaska Alcohol and Marijuana Control Office and the Department of Environmental Conservation found that labs testing marijuana for potency were delivering very different results.

Different labs using similar methodology should have reported similar results, instead, the results came back and they weren’t even close. For example, the test took a marijuana muffin, and brought it to the only two testing labs in the state. The results delivered a large margin of error between the two. They can’t even tell which lab is the accurate one.

 


Video StaffVideo StaffJune 8, 2018

4min2440

The nation of Canada is on the precipice of a historic moment as the country’s legislature stands poised to pass cannabis legalization. On June 7, 2018, the Senate will hold a vote on Bill C-45, a measure legalizing recreational cannabis nationwide. If passed, Canada will become the first G7 nation to legalize cannabis for recreational purposes.

Aphria (APHQF) announced that it has entered into an agreement with Clarus Securities to raise $225 million on a “bought deal” basis, as it looks to expand its production facilities. An over-allotment option could lift the deal to C$258 million. The shares are being priced at C$11.85. The deal is expected to close on June 28.

The Green Organic Dutchman Holdings Ltd. (TGOD) is getting into the beverage businesses. On June 6, 2018, the company announced the official launch of its global division focused solely on the beverage industry, appropriately named The Green Organic Dutchman Beverage Division. Also, The Green Organic Dutchman Ltd. (TGODF) entered into an engagement letter with Canaccord Genuity Corp. to purchase 3,910,000 special warrantsof the company, on an bought deal basis. The price per special warrant is $6.40 generating an aggregate gross proceed of approximately C$25 million.

Organigram Holdings Inc.  (OGRMF) has taken a 40% stake in Canadian cannabinoid product company Eviana Health for C$10 million. In addition to that Organigram has signed a separate agreement with Eviana for five years to purchase up to 50% of the cannabidiol (“CBD”) production of Eviana.

Canopy Rivers said it is completing a reverse takeover with AIM2 Ventures and separately said it is raising $60 million ahead of an eventual public listing.  As part of the deal, Canopy will take over AIM2 Ventures, which trades on the TSX Venture Exchange under the ticker symbol “AIMB.P.” Canopy Rivers, which was formed just over a year ago on April 26, 2017, will use its investment and operating expertise to look for additional opportunities in the cannabis sector, the company said in a statement.

Also, MedMen Enterprises (MMEN)  is acquiring Treadwell Nursery in a $53 million deal where MedMen will receive a cultivation facility situated on 5 acres in Eustis, Florida and the right to open 25 medical marijuana dispensaries in the State of Florida.


Video StaffVideo StaffJune 4, 2018

1min1360

Matthew Nordgren, Founder, and CEO of Arcadian Fund said his fund only invests in ancillary businesses in the cannabis industry. His background in private equity caused him to focus on businesses that didn’t touch the plant and as it turns out he’s been impressed with the companies on this side of the business. Nordgren spoke to Green Market Report at the Cannabis Learn conference in Philadelphia. Nordgren is also the CEO and Founder of Nordco Consulting.


Video StaffVideo StaffMay 31, 2018

1min2780

Emily Paxhia of Poseidon Asset Management tells Green Market Report at the Cannabis Learn conference in Philadelphia that cannabis companies have become better prepared for taking investors money as the industry has matured. Paxhia says they have hired lawyers, set their documents up and prepared diligence rooms well. She says this makes it easier and quicker for investors to deploy capital.


Video StaffVideo StaffMay 29, 2018

1min3320

Jared Mirsky, CEO of leading cannabis marketing company Wick & Mortar says too many cannabis companies spend millions on creating their products and then drop the ball at the last mile when they don’t spend on marketing their product. With hundreds of brands entering the cannabis retail market every month, Mirsky says it’s imperative to make your brand stand out. Green Market Report caught up with Mirsky at the Cannabis Learn event in Philadelphia. Watch the full interview here and on our YouTube channel.


Video StaffVideo StaffMay 21, 2018

1min2700

Lezli Engelking from the Foundation of Cannabis Unified Standards  or FOCUS explains how standards are the bedrock of the cannabis industry. Engelking says that standards don’t hurt the industry but actually helps companies run more efficiently and helps increase the bottom line.

Her company developed eight standards including cultivation, retail, infused products, extraction, laboratory, security, sustainability and packaging and labeling. Each has its own unique properties, while there is an overall process each follows. Her vision is to have a safe, sustainable and legal industry. Currently, she is working on international standards.


Video StaffVideo StaffJanuary 24, 2018

2min5650

Green Market Report’s CEO and Editor-In-Chief Debra Borchardt recently appeared on Cannabis Insider TV with hosts Bob Hoban and Jeffrey Friedland. In the show, Borchardt talks about the reasons why Green Market Report was created and how she began covering marijuana stocks in the first place.

The interview also covers the effect of the Trump administration on the cannabis market and which cannabis categories are popular with investors. The hosts and Borchardt also discussed the Constellation brands investment into cannabis and whether more big businesses will jump into the cannabis industry.

Bob Hoban is a Denver-based attorney whose practice is focused on cannabis legal issues. He is also Principal and Owner at Solana Business Solutions, which offers comprehensive consulting, management, regulatory, and product solutions services for the entire commercial cannabis industry – serving both THC, CBD and hemp business models.

Jeffrey Friedland is an emerging market pioneer — his firm, Friedland Global Capital, was one of the first American investment banks to establish a presence in China — and is now on the front lines of the cannabis industry as an investor and business owner. He is an author, speaker and thought leader on emerging markets, the global economy, and the cannabis industry.



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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