Marijuana Money: July 20, 2018

Tilray priced its $153 million IPO at $17 a share The stock is listed on the NASDAQ exchange and was priced above its estimated $14-$16 price range. The company recently amended the IPO from raising $100 million to $153 million. The stock immediately traded higher to over $23 a share for a gain of 35%.

Aphria Inc. (APHQF) is acquiring Scythian Biosciences Corp. (SCCYF) Latin American and Caribbean assets in a deal valued at $193 million. The acquisition will allow Aphria to quickly expand into Columbia, Argentina, and Jamaica. It will also give Aphria first offer and refusal for Brazil.

Emblem Corp.  (EMMBF) is making a $3 million strategic equity investment into Canadian cannabis company Natura Naturals Inc. In addition to the investment, the two companies have also signed a three-year cannabis supply agreement for Natura to provide Emblem up to 3,000kg of high-quality cannabis flower per year from its Phase 1 cultivation facility. The deal is expected to close later this week.

AmeriCann, Inc. (OTCQB: ACAN), an agricultural-technology company that is developing the next generation state-of-the-art greenhouse cannabis cultivation and processing properties, announced today that it has closed an all-equity financing offering with total proceeds of $3,819,000.

The Green Organic Dutchman paid a dividend in the form of a warrant. The warrant is for a spin-off company that will be called TGOD Acquisitions. TGOD said that it had come across many companies that weren’t a great fit for TGOD, but were good companies none the less.

Green Spirit Industries Inc. (GSRX) has changed its name to GSRX Industries Inc.  The Company will continue trading under ticker symbol “GSRX”.

Aurora Cannabis Inc. (ACBFF) has joined a growing number of cannabis companies working with the Canadian e-commerce platform Shopify. Today, Aurora announced that it had reached an agreement with Shopify to leverage the e-commerce site’s platform to assist in distributing Aurora’s medical and recreational cannabis globally.

 

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Video Staff


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