The Daily Hit: July 16, 2018

It’s time for your Daily Hit of cannabis financial news for July 16, 2018.

On The Site

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.

Under the agreement, Shopify will work closely with Aurora’s software engineering team to help transition Aurora’s current e-commerce site to a new platform developed by Shopify; a move which both companies believe will help improve customer experience.

In Other News

GrowGeneration Corp.

GrowGeneration (GRWG) purchased Santa Rosa Hydroponics and Grower Supply (SRH) located in Santa Rosa, CA. SRH will serve as a retail and warehouse location servicing the growing number of commercial cultivators in the Sonoma and Northern California market. SRH, located on 3.5 acres, with over 20,000 sq. ft. of warehouse and retail space, adds the 6th store to the GrowGeneration portfolio of stores in California

Green Spirit Industries Inc.

Effective today, Green Spirit Industries Inc. (GSRX) has changed its name to GSRX Industries Inc.  The Company will continue trading under ticker symbol “GSRX”. The name change reflects the Company’s intention to expand its business to include pharmaceutical-related products manufactured by Spirulinex, LLC, a company in which GSRX holds a majority stake.  Spirulinex has a robust intellectual property portfolio of patents pending and continues to aggressively pursue protection for its innovations.

PotNetwork Holdings, Inc.

PotNetwork (POTN)  has filed a registration statement on Form 10 with the Securities and Exchange Commission, to become a fully reporting SEC company. This follows the announcement on June 27, 2018, that the Company was changing its name from PotNetwork Holdings, Inc. to “BioTech Hemp, Inc.”, signaling a broader brand positioning and strategic focus. The company also intends to uplist to the OTCQB.

The Green Organic Dutchman

The Green Organic Dutchman (TGOD) got bad news last week. The Hamilton City Council voted to reverse the positive decision by the Planning Committee of Council on Wednesday, July 11, 2018, to pass the zoning amendment related to TGOD’s Hamilton Phase Two greenhouse expansion, representing approximately 6.5% of TGOD’s total planned 170,000 kg production. This vote was contrary to the recommendations of Hamilton City staff.  TGOD has prepared an appeal application and will be filling it with the Local Planning Appeal Tribunal (LPAT) in the coming days. TGOD said if the appeal isn’t approved, then it will shift that planned grow to another location.

NanoSphere Health Sciences 

NanoSphere Health Sciences  (NSHSF) announced that its cannabis brand Evolve Formulas will partner with Jeff Friesen, former NHL player, and marijuana advocate, in a campaign to educate athletes about the benefits of cannabis as a natural health supplement.

Jeff Friesen is a Canadian former professional ice hockey player. In 2003, he won the Stanley Cup and cemented his place in the Hockey Hall of Fame. Friesen, in his years of professional athleticism, experienced multiple injuries and broken bones. He discovered cannabis as a beneficial healing supplement during this time and began advocating for the use of marijuana by athletes for training and recovery programs while avoiding the negative side effects of painkillers and prescription drugs.

BDS Analytics

BDS Analytics announced that the company has added the Arizona market to their state-of-the-art GreenEdge™ Retail Sales Tracking Platform. In addition to existing data from Colorado, California, Oregon and Washington, GreenEdge will now feature Arizona medical dispensary point-of-sales data dating back to January 2017.

 

 

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.


2 comments

  • Avatar
    charles whiting

    August 8, 2018 at 4:49 pm

    ms bochardt
    whar is your opinion of doyen elements of Colorado, are they on track
    to go public and where do they stand with there old pepsi factory

    Reply

    • Debra Borchardt
      Debra Borchardt

      August 9, 2018 at 7:31 am

      I know that Doyen is rebranding the company ahead of going public and I haven’t heard an update on the Pepsi factory renovation.

      Reply

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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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