Tag : public cannabis company

Cannabis News Global Market Watch

MediPharm Debuts on TSX Venture Exchange

Editor
MediPharm Labs Corp. (TSXV: LABS) announced this morning that the company has began trading the common shares of its stock on the TSX Venture Exchange under the ticker symbol LABS. The company focuses on the extraction and manufacturing of pharmaceutical grade cannabinoid-based oils under the Access to Cannabis for Medical Purposes......
Politics

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis Businesses

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Colorado has just passed a House Bill 18-1011 which will allow publicly trade companies in the U.S. to invest and hold medicinal or recreational cannabis cultivation, processing, and distribution licenses under their state law. The bill is expected to come into effect next year. Though the bill is still awaiting......
Business Growers Market Watch

Aphria’s Subsidiary Broken Coast Cannabis Doubles its Production Capacity

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Aphria Inc. (TSX: APH) (OTC: APHQF) announced this week that the company’s subsidiary Broken Coast Cannabis has received a new production license from Health Canada that has nearly doubled its cultivation capacity. The new license approves Broken Coast Cannabis to add 18,000 sq. ft. of indoor greenhouse grow space to the company’s......
Cannabis News Global Market Watch

Aurora Cannabis Finalizes Acquisition of CanniMed Therapeutics

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Aurora Cannabis (TSX: ACB) (OTCQB: ACBFF) announced this morning that the company has finalized acquisition of 95% of CanniMed Therapeutics (TSX: CMED) outstanding shares to complete “the largest acquisition in cannabis industry history.” Aurora Cannabis plans to acquire the remaining of CanniMeds outstanding shares through compulsory share acquisition. By completing......
Cannabis News Market Watch

RavenQuest Raises $24.5M to Acquire Bloomera

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RavenQuests BioMed (CSE: RQB) announced that the company has acquired Bloomera (8649081 Canada Inc.), a licensed Ontario cannabis producer under the Access to Cannabis for Medical Purpose Regulations. RavenQuests BioMed’s acquisition of Bloomera was focused on their cultivation license in the greater Toronto area and the company’s ability to product......
Cannabis News Global Market Watch

Namaste Announces Closing of $40.25 Million Bought Deal Financing

Editor
On Feb. 27, 2018, Namaste Technologies, Inc. (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) announced that it had closed a previously announced “bought deal” short form prospectus offering of units, including the exercise in full of the over-allotment option.  A bought deal is a securities offering in which an investment bank commits to buy......
Business Global

Canadian Government Expects to Generate Millions in Taxes from the Legal Cannabis in 2018

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The Canadian Federal Government expects to gain over $35M in the first year  of legal cannabis sales in the country. Canada continues to lead countries around the world looking to capitalize on tax dollars that can be generated from the legalization of cannabis and industrial hemp. Canadian provinces and the......