Cannabis Watch: The weed middleman that expects to make billions as the Sunkist of pot

In the illegal drug business, there is a lot of money and safety in wholesaling — being a middleman instead of producing d.....»»

In the illegal drug business, there is a lot of money and safety in wholesaling — being a middleman instead of producing d.....»»

Canadians want cheap weed, which isn’t great for companies that want to make expensive cannabis......»»

Canopy Growth Corp. said Thursday it has reached an agreement to acquire Toronto-based Supreme Cannabis Co. Inc. in the latest M&A deal in a cannabis sector that is seeing a burst of activity amid hopes for reforms of strict U.S. laws......»»

Cannabis stocks rallied anew on Wednesday, spurred on by news of a $7 billion deal for the first company to win U.S. regulatory approval for a cannabis-based drug, a move that's expected to boost investor interest in the plant and its medical benefits......»»

Cannabis stocks were mostly higher Tuesday after three Democratic senators led by Majority Leader Chuck Schumer said they would make reform legislation a key priority in the current Congress, bolstering hopes for an end to federal prohibition......»»

Tilray Inc. shares dropped more than 8% in the extended session Monday after the weed company posted revenue that missed Wall Street estimates and a larger than expected loss......»»

Canopy Growth Corp. reported earnings early Friday that gave investors a few reasons to cheer: In short, it wasn’t a total disaster......»»

Canadians want cheap weed, which isn’t great for companies that want to make expensive cannabis......»»

Still the world’s largest weed company by market value, Canopy Growth Corp. and its bet on weed beverages have not blossomed exactly the way investors were promised......»»

Cannabis advocates are cautiously optimistic that 2020 will be the year that New York state finally legalizes cannabis for adult recreational use, marking a major milestone for the legal business......»»

Organigram Holdings Inc. stock soars during extended trading, as the Canadian weed company reported fiscal first-quarter revenue that jumped two-fold, beating Wall Street estimates......»»

Hexo Corp. and Aurora Cannabis Inc., shares lead weed stocks mostly lower Monday, adding to what is shaping up to be a third straight day of losses in 2020......»»

Though 2019 was a brutal year for weed stocks in Canada and the U.S., that meant it was a stellar year for short sellers, who harvested nearly $1 billion from shorting the top 20 cannabis companies......»»

After a brutal year for cannabis investors, weed stocks rebounded in the final trading session of the decade......»»

Cannabis stocks rose Wednesday to recover some of their prior-day losses, boosted by expectations for a steep rise in spending on cannabis over the Thanksgiving period, one of the busier shopping periods of the year......»»

Drake’s attempt to trademark Canada’s warning label for marijuana appears to have failed, but not entirely because Canada owns the rights......»»

Cannabis stocks rallied across the board Thursday, as investors returned to the beaten-down-sector with a fresh enthusiasm, following a historic House vote in favor of a bill that would lift the federal ban on weed......»»

Cannabis stocks rallied for a second day Wednesday, buoyed by a historic congressional committee approval of a bill that would lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss......»»

Amid the vast ocean of red ink that are marijuana stocks this fall, Mitch Baruchowitz and Peter Lee, who run the blank check company Merida Merger Corp., see an even more vast opportunity to make money......»»