It’s time for your Daily Hit of cannabis financial news for May 25, 2018.
Stock markets are closed on Monday for the Memorial Holiday weekend.
On The Site
Khiron Life Sciences Corp.
Khiron Life Sciences Corp. (KHRN), is a medical marijuana company with its core operations in Colombia that began trading on the Toronto Ventures Exchange on Thursday. The stock jumped 18% on the first day of trading to close at C$1.18.
The company’s strategy isn’t based on how Colombia can export its product to Canada but instead will focus on developing domestic markets within Columbia. “Today that is not really possible,” said Alvaro Torres, the President, and CEO of Khiron. “It is true that we can grow medical cannabis at a much lower cost and Colombia allows for exports, but that is not our focus. Eventually, though it will happen.”
In Other News
Liberty Health Sciences Inc.
Liberty Health Sciences Inc. (LHSIF) announced the expansion of its partnership with Colorado-based MM Technology Holdings to be the exclusive provider of the award-winning line of Mary’s Medicinals cannabis products in Massachusetts.
“We are very excited to extend our partnership with Mary’s into Massachusetts, providing consumers with access to award-winning cannabis products featuring safe and effective alternative delivery methods,” said George Scorsis, Director, and CEO of Liberty. “Liberty has always focused on providing high-quality, clean and safe pharmaceutical-grade cannabis, and partnerships with innovative brands like Mary’s ensures we’re also providing consumers with exceptional variety and choices from the best across the industry.”
Aurora Cannabis Inc.
Aurora Cannabis Inc. (ACBFF) has appointed retained KCSA Strategic Communications, a leading New York-based communications firm, to support the company’s strategic communications and investor relations efforts in the United States.
“With American investor interest in Aurora growing rapidly, and a number of significant corporate developments on the way, this is the right moment for us to amplify our outreach to multiple U.S. audiences,” said Cam Battley, Chief Corporate Officer. “Given Aurora’s status as a global leader in the cannabis sector, we are adding skilled resources, both internally and externally, to help us share the Company’s story of agility, innovation and execution with institutional and retail investors in the U.S. and around the world.”
Medical Cannabis Payment Solutions
Medical Cannabis Payment Solutions (REFG), a Nevada corporation specializing in state-of-the-art financial services structured to serve the medical cannabis and banking industries, announced it has acquired two marijuana strains, GrapeApe and Birthday Cake, from the strains’ creator. GrapeApe is an indica strain that has tested at approximately 33 percent THC by volume. Birthday Cake, a sativa strain, is approximately 15 percent THC and 15 percent CBD by volume.
The company also said it will seek to acquire additional licenses for marijuana cultivation and will work to develop licensing agreements with other state-sanctioned cannabis establishments. The cultivation licenses will be sought via the company’s newly acquired subsidiary, SpeedyGrow.