Green Market Report's Marijuana Money September 7, 2018

Next week is the Green Market Summit on September 14 in New York City, go to www.greenmarketsummit.com to buy your tickets. We’ve got TheStreet’s Jim Cramer interviewing Brian Athaide, the CEO of The Green Organic Dutchman (TGODF) and Danny Moses of Moses Ventures, the trader made famous in The Big Short will talk about why he’s long marijuana. All the conference goers will get to attend the one-year anniversary party for the Green Market Report.

It was a shortened trading week with markets closed on Monday for Labor Day, but there were lots of financial deals happening.

Cronos Group (CRON) announced a partnership with Gingko Bioworks to produce cultured cannabinoids in a deal potentially valued at $122 million.

The Flowr Corporation raised $36 million in an oversubscribed offering ahead of its plans to do a reverse takeover of the Needle Capital Corp. This is expected on or about September 10th. This company is led by former founders of MedReleaf.

Canndescent raised another $13 million that’s in addition to the $10 million they already raised. The California cannabis company will use the money for expansion.

Liberty Health (LHSIF) reported that its second-quarter sales jumped 95% to $2.2 million. The company also got approval by Florida to implement FlorPass as the state’s first online patient management system. the company said that “The growth in revenue reflects the wider recognition of the Liberty brands in terms of quality and consistency as well as the patient-centric approach that the Company uses. The corresponding patient count increased to almost 10,000 patients at the end of August from 4,600 at the end of May, a 112% increase over this time period.”

Charlotte’s Web (CWEB.CN) closed on a $5.6 million private placement, this follows the company’s launch on Canadian markets last week.

Aurora Cannabis (ACBFF) closed on its big $200 million debt facility and the company got The Green Organic Dutchman to agree to an extension for its investment option into the company.

And finally, Kush Bottles (KSHB) officially changed its name to Kushco Holdings.

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Video Staff


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