Green Market Report's Marijuana Money May 24, 2019

Organigram is the latest Canadian company to begin trading on the NASDAQ. Using the symbol, OGI the cannabis company said that investor demand pushed them to make the move.

Green Thumb Industries closed on a $105 million secured debt financing.

Gotham Green advanced an additional $80 million to MedMen as part of the previously announced convertible credit facility

It was a super busy week for acquisitions.

Canopy Growth finalized its acquisition of skin care company This Works in an all-cash deal valued at C$73 million.

MPX bought all the share of Swiss CBD company HolyWorld in a deal valued at C$13 million.

Australis Capital is acquiring Green Therapeutics in a deal valued at $8 million.

Northern Swan took a page from the Acreage playbook and named Former Majority Leader Tom Daschle and former Representative Joe Crowley to its board. Crowley lost his seat to Alexandria Ocasio-Cortez.

Horizons ETFs Management launched the BetaPro Marijuana Companies 2x Daily Bull ETF (“HMJU”) and the BetaPro Marijuana Companies Inverse ETF (“HMJI”). The Units of the ETFs will begin trading on May 24, 2019, on the Toronto Stock Exchange.

TerrAscend generated revenue of $14.6 million in the fourth quarter of 2018 and the net loss for the quarter was $11 million.

It’s a three-day weekend. Markets will be closed for trading on Monday in honor of Memorial Day.

 

Video Staff


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