MediPharm Organic Certified, Aurora Cannabis AGM, Origin House Receives $15 Million
We’ve scanned the newsfeeds of all the important marijuana stocks and put together this recap so you don’t have to.
Not gonna lie, today was a slow news day, here’s today’s stock news recap anyways.
Top cannabis investing news stories for Friday, September 20, 2019:
MediPharm Labs (TSX: LABS) (OTCQX: MEDIF) announced today it has received organic certification from Pro-Cert Organic Systems for the company’s cannabis oil and extracts.
“With the increasing demand for high quality, differentiated products, MediPharm Labs has again expanded its capabilities to enable our customers, and other non-cannabis CPG brands, to introduce innovative and premium, higher margin derivative products in additional categories to the Canadian cannabis market,” stated MediPharm CEO Pat McCutcheon.
Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced the date of the company’s Annual General Meeting (AGM) of shareholders today. The meeting will take place on Friday, November 8, 2019 at 10:00 am MST at the Renaissance Hotel located at 4236 36 St E, Edmonton International Airport, AB T9E 0V4.
Aurora also reported it has granted a total of 2,114,703 stock options to officers and directors of the company.
Origin House (CSE: OH) (OTCQX: ORHOF) reported today that it has secured an additional $15 million CDN advance on the company’s debt financing deal with Opaskwayak Cree Nation.
“We appreciate the continued support of OCN. This non-dilutive funding enables us to maintain our focus on our California growth plans while simultaneously preparing for the closing of the acquisition by Cresco Labs, upon receipt of regulatory approvals,” said Origin House CEO Marc Lustig.
Harvest Health (CSE: HARV) (OTCQX: HRVSF) announced today that it has received notice that company President Steve Gutterman along with Board Member Frank Bedu-Addo will be resigning from their roles with the company.
Bedu-Addo is departing to pursue other business endeavours while Gutterman is leaving for personal reasons.
Invictus MD (TSXV: GENE) (OTCQX: IVITF) announced today that the company has made a deal to sell its 82.5% stake in Future Harvest. The company’s Future Harvest shares are held by its wholly-owned subsidiary Prestige Worldwide Holdings.
The sale of Future Harvest is the next step in the reorganization of Invictus. Our focus continues to be increasing production and reducing the overhead cost of goods sold by Invictus in the cannabis market to increase shareholder value,” said Invictus CEO Trevor Dixon.
Heritage Cannabis (CSE: CANN) (OTCQX: HERTF) announced today it has granted 2,000,000 incentive stock options to company officers, directors, employees and consultants.
The Heritage incentive stock options are priced at $0.36 and will expire on September 20, 2024.
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