Cannabis stocks will rebound on path to rescheduling, analysts say
MJBiz » Stocks
by Kate Robertson
21h ago
Embattled cannabis stock prices get a boost when there's a major announcement pertaining to federal marijuana reform. Cannabis stocks will rebound on path to rescheduling, analysts say is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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US, Canadian cannabis stocks rally after rescheduling report
MJBiz » Stocks
by Solomon Israel
2w ago
Cannabis stocks surged Tuesday afternoon on the news that the U.S. Drug Enforcement Administration (DEA) intends to reclassify marijuana to Schedule 3 of the Controlled Substances Act. US, Canadian cannabis stocks rally after rescheduling report is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Constellation Brands converts shares in cannabis operator Canopy, departs board
MJBiz » Stocks
by Solomon Israel
1M ago
Beverage alcohol company Constellation Brands has converted its shares in Canadian cannabis company Canopy Growth Corp. into new exchangeable shares. Constellation Brands converts shares in cannabis operator Canopy, departs board is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Cannabis tech company Agrify to be acquired by Nature’s Miracle
MJBiz » Stocks
by Solomon Israel
1M ago
Cannabis production technology company Agrify Corp. is being acquired by controlled environment agriculture tech firm Nature's Miracle Holding in a deal that values Agrify's equity at roughly $6.3 million. Cannabis tech company Agrify to be acquired by Nature’s Miracle is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Canopy stockholders OK share structure for US marijuana holding company
MJBiz » Stocks
by Solomon Israel
1M ago
Shareholders of Canadian cannabis company Canopy Growth Corp. have voted in favor of a new exchangeable share structure meant to enable Canopy's planned entry into the American marijuana market via a U.S.-domiciled holding company, Canopy USA. Canopy stockholders OK share structure for US marijuana holding company is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Marijuana firm Village Farms regains Nasdaq compliance; Weedmaps loses it
MJBiz » Stocks
by Solomon Israel
1M ago
Marijuana company Village Farms International is back in compliance with Nasdaq rules; Weedmaps parent company WM Technology is noncompliant. Marijuana firm Village Farms regains Nasdaq compliance; Weedmaps loses it is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Cannabis operator Tilray lowers 2024 expectations, eyes Canada tax savings
MJBiz » Stocks
by Solomon Israel
1M ago
Canadian cannabis and beverage alcohol company Tilray Brands has lowered its financial guidance, reducing expectations for investors in its third-quarter earnings announcement. Cannabis operator Tilray lowers 2024 expectations, eyes Canada tax savings is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Marijuana ETF shutting down not long after launch
MJBiz » Stocks
by Solomon Israel
2M ago
Marijuana sector exchange traded fund Subversive Cannabis ETF will close down as of March 28, only half a year after launching. Marijuana ETF shutting down not long after launch is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Cresco posts $180 million full-year net loss as it looks to new cannabis markets
MJBiz » Stocks
by Chris Roberts
2M ago
Cresco Labs posted a $180 million loss in 2023 as the Chicago-based cannabis multistate operator exited two state markets and saw its high-profile merger collapse. Cresco posts $180 million full-year net loss as it looks to new cannabis markets is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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Israel’s IMC looks to spinout, sell cannabis unit in pivot to biotech sector
MJBiz » Stocks
by Matt Lamers
2M ago
IM Cannabis Corp. is proposing a reverse merger with Israeli biotechnology firm Kadimastem in which it would spin out - and potentially sell - its existing medical marijuana operations in Israel and Germany. Israel’s IMC looks to spinout, sell cannabis unit in pivot to biotech sector is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs ..read more
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