Green Market Report's Marijuana Money January 10, 2020

Green Market Report is getting closer to its first event focusing on the Investment Opportunities for Psychedelic companies. Psychedelics are gaining attention as a treatment for conditions like drug-resistant depression. We’re super excited to present this Summit on January 24 in New York City. Go to www.greenmarketsummit.com for more details. 

A new Ontario-based limited partnership created to buy cannabis-based real estate businesses called Subversive Real Estate Acquisition REIT closed on its initial public offering by raising $200 million.

Bhang Inc. (CSE: BHNG) (OTCQX: BHNGF) and CannaRoyalty Corp. d/b/a Origin House have terminated a deal to combine. Bhang will get royalty payments, input materials, manufacturing equipment, Bhang-branded finished goods, and Origin House shares, collectively valued at approximately $1.1 million.

GrowGeneration Corp. (NASDAQ: GRWG) reported revenue of $80.0 million for the 2019 fiscal year-end, an increase of $51.0 million or 176% versus 2018. The revenue for the fourth quarter of 2019 was $26 million versus $9.1 million for the same time period in 2018.

KushCo Holdings Net revenue increased 38% from last year’s fiscal first quarter to $35.0 million. The net loss was roughly $12.5 million versus last year’s $8.6 million. The company also said it was off to a positive start with the recently launched hemp trading desk, which is on pace to achieve $25 million in revenue for fiscal 2020

Emerald Health Therapeutics, Inc. has agreed to the second tranche of funding for the company for approximately $4.5 million.

Hightimes Holding Corp. told investors that it accepted the resignation of Kraig G. Fox as the Company’s Chief Executive Officer and President Effective December 24, 2019. On January 6, 2020, Stormy Simon, one of the Company’s independent directors and former President of Overstock.com Inc., was appointed to the position of Chief Executive Officer of the company by the board of directors.

Vireo Health International, Inc. (CNSX: VREO)(OTCQX: VREOF) announced that workers at its Maryland MaryMed voted overwhelmingly to ratify a Collective Bargaining Agreement and officially join the ranks of United Food and Commercial Workers Local 27 (UFCW27).

SOL Global Investments Corp.’s  (CSE: SOL) (OTCPK: SOLCF) CannCure Investments Inc. will be going public through a reverse merger with  Goldstream Minerals. CannCure will be called “Bluma Wellness Inc.” with operations in Florida via One Plant Florida which is also known as 3 Boys Farm and in California with premium flower cultivator Northern Emeralds. It’s expected to close on or about March 31.  

Ericka Pittman is officially joining Viola as its new CMO. The new c-suite appointment marks the first hiring of an African American female CMO of a multi-state cannabis operator.

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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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