Isodiol International Inc. (https://www.globenewswire.com/Tracker...) (CSE:ISOL) (OTC:ISOLF) (FSE:LB6A.F) (the “Company” or “Isodiol”), a global CBD innovator specializing in the development of pharmaceutical and wellness products, is pleased to announce that it has entered into a Definitive Agreement to acquire 100% of Canadian National Pharma Group Inc. (CN Pharma), a pharmaceutical manufacturing company.
Future Farm Technologies Inc. (the "Company" or "Future Farm") (CSE: FFT) (OTCQB: FFRMF) is pleased to announce that its subsidiary, Future Farm Maine, LLC, has received three licenses from the State of Maine for the cultivation of industrial hemp in 2018. Future Farm Maine received one license for each of its Amity and Hersey farms, as well as one for the Belfast processing facility.
MedReleaf Corp. (TSX:LEAF) ("MedReleaf" or the "Company") is pleased to announce that it has closed its previously announced offering (the "Offering"), on a "bought deal" basis, pursuant to a short form prospectus, of an aggregate of 5,000,000 units of the Company ("Units") at a price of $26.50 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of $132,500,000.
Hiku Brands Company Ltd. ("Hiku" or the "Company") today announced the successful completion of the merger between DOJA Cannabis Company Limited ("DOJA") and TS Brandco Holdings Inc. ("Tokyo Smoke") (the "Merger"), creating Hiku, Canada's first premium cannabis brand house with vertically integrated operations.
Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N), (FRANKFURT:M5BQ), (OTCMKTS:NXTTF) is pleased to announce the filing of its unaudited quarterly financial statements, management’s discussion and analysis and certification of the quarterly filings for the first quarter of fiscal 2017. The statements for the period can be accessed on SEDAR at www.sedar.com.
Canopy Growth (WEED.TO) (TWMJF) is surging higher after Constellation Brands (STZ: NYSE) acquired 9% of the Canadian licensed cannabis producer for $245 million (CAD).
This purchase was completed at a premium to Canopy’s closing price on Friday and the transaction is expected to close during the third quarter of fiscal 2018. Canopy sold 18.9 million shares at $12.9783 per share and will the proceeds to fund its international expansion program.
Canadian cannabis stocks have come off their October highs and we are monitoring this pullback as trading volume has weakened significantly.
Trading volume is an important technical indicator an investor uses for trend analysis. Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.
From Canada to Germany, the legal cannabis market continues to be one of the most attractive investment opportunities.
The legalization trend throughout the world has created significant opportunities for companies levered to the growth of this industry and we highlighted five companies that are leading this charge.
Five Cannabis Firms Leading the Global Movement
2017 has been a major year for the legal marijuana industry highlighted by new countries legalizing medical marijuana, a burgeoning Canadian market, and a confusing landscape in the United States.
We continue to view the legal marijuana industry as one of the top places to invest. The industry is the fastest growing in the world and it offers investors access to investment opportunities that are levered to this growth.
Yesterday, legislation to remove cannabis from the Controlled Substances Act and create a federal regulatory process for states to regulate cannabis was introduced in the House of Representatives and Senate.