The Daily Hit: February 8th, 2020

It’s time for your Daily Hit of cannabis financial news for February 8th, 2021. 

On the Site

Are High-CBD Hemp Flowers The Next Big Thing in Cannabis? 

This article explains what CBD hemp flowers are, and their legality. It also dives into the benefits of CBD hemp flower, and concludes that it’s here to stay in the cannabis scene. 

 

Global Hemp Acquires Water Rights With Plans for Hemp Building Materials

Global Hemp Group Inc.  ( OTC:GBHPF ) signed a Definitive Agreement with Prescient Strategies Group LLC to acquire all of its Western Sierra Resource Corporation (OTC: WSRC) Preferred A Class Share holdings in a private, third party transaction. The deal is expected to close on or about February 9, 2021 upon fulfillment of certain conditions including:

– WSRC restructuring certain unsecured debt prior to the issuance of the GHG Prefs;
– GHG providing the necessary initial payments to complete the transaction and other Debt Restructuring (completed).

In Other News

MJBiz Daily Reports Concentrate Sales Up 40% 

The cannabis news outlet reported cannabis concentrate sales were up 40% in 2020, far outpacing previous numbers. Sales hit $567 million in 2019, and reached $797 million in 2020. The data was first released by Headset, a cannabis data analytics firm based in Seattle. 

Kaitlin Domangue

Kaitlin is a 23-year-old wife and mom to three children. She is a financial reporter for the Green Market Report and a freelance writer for other businesses in the cannabis space.


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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