Namaste Technologies Inc. ("Namaste" or the "Company") (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) is pleased to announce that further to its July 23(rd) news release, the Company intends to continue to pursue the listing of its common shares on the NASDAQ Capital Market ("NASDAQ"). Due to Company developments and a recent increase in its share price, the Company is now closer to meeting the requirements to list on NASDAQ.
Auxly Cannabis Group Inc. (TSX.V - XLY) (OTCQX: CBWTF)("Auxly" or the "Company") and Lotus Ventures Inc. (CSE – J)(“Lotus”) are pleased to announce the closing of an additional investment by Auxly to partially fund the completion of Lotus’ 22,500 square foot Facility (the “Facility”) in Armstrong, British Columbia (the “Transaction”).
Demand for products that contain cannabidiol (CBD) continues to increase and this is a trend that is expected to continue for years to come.
Although the CBD market is a multi-billion-dollar opportunity, we believe that this market is flying under the radar. When compared to companies focused on the production of cannabis that contains THC, companies focused on CBD tend to trade at a much lower valuation and we think this creates a unique opportunity for investors.
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N), announced today it has secured prime retail locations with long term leases in Ft. Lauderdale, Miami Beach, West Palm Beach, St.
The summer has been a rough time for Canadian cannabis stocks and Horizons Marijuana Life Sciences ETF (HMMJ.TO) (HMLSF) has fallen approx. 25% from its late June highs.
This weakness has taken place on light volume and we have been closely monitoring this trend. Although the decline has been painful, it does not come as a surprise. During the last three years, we have seen the cannabis sector pullback during the summer months and this year has been no different.
The Hydropothecary Corporation (“HEXO” or the “Company”) (TSX:HEXO) has reached a major milestone in its expansion plans, designed to position HEXO as one of the largest cannabis producers in Canada.
The cannabis sector was under pressure yesterday, and Canadian cannabis stocks traded lower during this time. Over the last week, selling pressure has accelerated and we are monitoring this trend.