The Daily Hit: May 22, 2019

It’s time for your Daily Hit of cannabis financial news for May 22, 2019.

On the Site

Green Market Report Stock Index Releases 2019 Q1 Summary Report

The Green Market Report (GMR), the cannabis industry’s most trusted source for credible in-depth financial and economic reporting, today released its 2019 Cannabis Company Index Q1 Summary Report. The report can be downloaded at GreenMarketReport.com/reports.

A Simple Guide To Making An Investment In Marijuana Stocks

As well as advances in the treatment of pain relief and other medical symptoms, and the cultural aspects which surround recreational use, there is now a growing investment industry around marijuana. In fact, investing in marijuana stocks represents a great opportunity for even the greenest (pun intended) investor. Here are all the things that potential investors need to know.

Organigram Holdings

Due to investor demand, Organigram Holdings Inc. CEO Greg Engel decided to move the company’s exchange listing to the NASDAQ Marketplace. It is one of the few Canadian cannabis companies that the NASDAQ has allowed to list for trading. Engle and CFO Paolo De Luca spoke with Green Market Report on the day the company joined the NASDAQ.

In Other News

Horizons ETFs

Horizons ETFs Management Inc. announced the launch of the BetaPro Marijuana Companies 2x Daily Bull ETF (HMJU) and the BetaPro Marijuana Companies Inverse ETF (HMJI). HMJU will provide leverage exposure to the North American MOC Marijuana Index, while HMJI will provide inverse exposure. “HMJU and HMJI will be the fourth and fifth ETFs we offer that provide exposure to Marijuana equities.” said Steve Hawkins, President and CEO at Horizons ETFs. “HMJU and HMJI are higher-risk ETFs that will give Canadian marijuana equity investors the opportunity to potentially generate returns in both positive and negative markets in the Marijuana sector.”

Canopy Growth

Canopy Growth Corp. (TSX: Weed) (NYSE: CGC) announced it has finalized its acquisition of This Works, a skincare and well-being company with a customer base in 35 countries, in an all-cash transaction for C$73.8 million. Post-acquisition, This Works CEO, Dr. Anna Persaud, will continue to run business operations for the company. “As a leading wellness brand and a pioneer in sleep beauty products, we are passionate about the opportunity CBD offers beauty consumers,” said Persaud. “Canopy Growth will provide the expertise, research, scientific rigour and quality assurance that will allow This Works to drive the agenda in wellness beauty’s ever-evolving market.”

MPX International

MPX International Corporation (CSE: MPXI) (OTC: MPXOF) announced that it has acquired all of the outstanding shares of the Swiss CBD brand HolyWorld SA for C$13.38 million. Under the agreement, MPXI issued HolyWorld shareholders   25,252,830 common shares of the company at a price of C$0.53 per share. Roughly 80% of the issued shares will be placed in voluntary escrow and will be released pending the fulfillment of certain conditions. If the terms are not met by June 30, 2021, the shares will be released to MPXI for cancelation.

William Sumner

William Sumner

William Sumner is a freelance writer specializing in the legal cannabis industry. You can follow William on Twitter @W_Sumner or on Medium.


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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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