Marijuana Money December 29, 2017

It’s the last week of 2017, but there is still some action in the marijuana stock market.

GW Pharmaceuticals (GWPH) announced that the FDA accepted its cannabidiol drug Epidiolex for NDA priority review. The goal for completion of the review is June 27, 2018. The company also filed for its submitted its Marketing Authorisation Application (MAA) to the European Medicines Agency (EMA) for Epidiolex. 

CanniMed Therapeutics (CMMDF) got a gift from the Canadian securities commissions. They rejected Aurora Cannabis’ (ACBFF) request to shorten the bid process for its hostile takeover. The commissions also said that Aurora needed to send out a new press release correcting statements from previous press releases that were misstated.

MJardin Group announced the closing of its private placement of equity and convertible senior secured debentures in the amount of $20 million.

MariMed (MRMD) raised $4 million to complete its Maryland medical marijuana cultivation facility.

Privateer Holdings acquired Washington marijuana edibles brand The Goodship for an undisclosed amount.

It’s A Blockchain World

MassRoots (MSRT) has formed a blockchain company and is exploring ways the technology can improve cannabis processes. The new company is a wholly-owned subsidiary of MassRoots, Inc. dedicated to developing blockchain-based solutions for the cannabis industry. More information is available at www.MassRootsBlockchain.com.

Not to be outdone, the India Globalization Company  (IGC) is getting in on the blockchain craze, because why just be a medical marijuana company? Be blockchain too!  The company said that “it will leverage its existing team of technology and healthcare experts to develop methods utilizing blockchain in areas such as product identification assurance (PIA).”  

In the category of green rush companies…

There’s a new marijuana ETF, the MJX or the ETFMG Alternative Harvest ETF. It’s top ten holdings are marijuana companies, but when you dig a little deeper into the 30 holdings, many of the names are tobacco companies.

Have a Happy New Year everyone and here’s to a prosperous 2018!

Video Staff


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