Marijuana Money August 24, 2018

Don’t’ forget to buy your tickets now for the Green Market Summit to be held on Sept. 14 in NYC. For the first time ever you’ll get to see TheStreet founder Jim Cramer interview The Green Organic Dutchman’s new CEO Brian Athaide. This week TGOD said it is acquiring HemPoland in an immediately accretive deal

The state of California released its tax data for Q2 cannabis sales last week.  Tax revenue from the cannabis industry totaled $74 million from April 1, 2018, through June 30, 2018. However, the state is behind what it had estimated it would get. For the first six months California only bro,ught in $135 million, not the $175 million it expected.

MedMen (MMNFF) said on Monday that its stores accounted for roughly six percent of all legal retail sales of cannabis and cannabis products in the second quarter for the state. On a separate note, MedMen signed an exclusive deal to use the iconic Woodstock brand on cannabis products and get premium placement at Woodstock branded festivals.

Namaste Technologies Inc. (NXTTF) signed a wholesale supply agreementwith Manitoba-based licensed producer, Bonify Inc.  Namaste will buy bulk cannabis products through the wholly-owned subsidiary, Cannmart. Bonify is a leading provider of medical marijuana and it operates a large-scale cultivation facility.  Namaste also signed a revenue sharing agreement with cannabis business tech company Cannvas MedTech Inc.

CannaRoyalty reported that its second quarter revenues jumped 266% to C$3.5 million Canadian dollars and the company delivered a net income of $9.3 million. Compare that to last year’s C$2 million loss for the same time period.

Toronto-based Emblem Corp. (EMMBF) reported second-quarter revenues of $1.5 million for the quarter ending June 30, 2018, an increase of 180% over last year. The company also delivered a gross loss of $159,000 for the quarter versus last year’s zero amount and a let loss of $4.7 million versus last year’s net loss of $2.9 September

Kaya Holdings had a 45% increase revenues with $291,000 for the quarter. It’s a 60% increase year-over-year.

Cannabis Strategic Ventures acquired The Asher House Pet CBD brand.

BlackRock is now the largest institutional holder of 22nd Century group stock

Canopy Growth said that its venture arm Canopy Rivers will complete its Reverse Take over of AIM2 during the week of September 17 and will use the symbol RIV. As a side note, Canopy Rivers will be at the Green Market Summit.

 

 

Video Staff

Video Staff


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