We’ve scanned the newsfeeds of all the important marijuana stocks and put together this recap so you don’t have to.
If you’re squeamish, I suggest you don’t check your portfolio after today’s bloodbath. In all serious though, cannabis stocks across the board traded down anywhere from 5% – 10% today as the market’s selling pressure intensified.
For the sake of all the patient longs out there, we hope the tide turns soon.
Below you will find a recap of the top cannabis investing news stories for Tuesday, September 24, 2019:
The company expects to achieve positive net income in the third quarter or 2019.
Aphria (TSX: APHA) (NYSE: APHA) announced the launch of ‘Aphria Educates’ today.
‘Aphria Educates’ is the company’s new cannabis education program focused on educating Canadian adults on the responsible and safe use of all legal cannabis products.
Cresco Labs (CSE: CL) (OTCQX: CRLBF) announce the closing of its public offering today.
The company issued 7,350,000 units at a price of $10.00 CDN for gross proceeds of $73,500,000 CDN.
Harvest Health (CSE: HARV) (OTCQX: HRVSF) and Falcon International Corp. announced today that both companies have certified substantial compliance with the DOJ’s second request for information.
Harvest also announced its progress towards completing its planned acquisition of Verano Holdings and CannaPharmacy.
Auxly Cannabis (TSXV: XLY) (OTCQX: CBWTF) announced today that its JV partner, Sunens Farms closed on $84 million in credit facilities.
Leading the underwriting of the syndicated credit facilities was the Bank of Montreal (BMO).
MediPharm Labs (TSX: LABS) (OTCQX: MEDIF) announced the signing of the company’s first private label sales deal to export to Europe.
Germany is one of the largest and fastest-growing medical cannabis markets in the world and represents MediPharm Labs’ second major international milestone as we prepare to export our private label cannabis concentrates into Germany,” said MediPharm CEO Pat McCutcheon.
Charlotte’s Web (CSE: CWEB) (OTCQX: CWBHF) announced today that The Vitamin Shoppe (NYSE: VSI) has begun selling the company’s new line of CBD gummies in 738 stores across 45 U.S. states.
The Vitamin Shoppe now carries Charlotte’s Web CBD hemp extract oil tinctures, liquid capsules, and now its CBD gummies.
Neptune Wellness (NASDAQ: NEPT) (TSX: NEPT) announced today new customer relationships for the company’s U.S. extraction facility.
The company expects to provide the new potential U.S. customers with its hemp-derived products and bulk extracts.
MedMen (CSE: MMEN) (OTCQX: MMNFF) announced today the opening of three new Florida locations in St. Petersburg, Key West and Pensacola.
The company now has four stores in Florida currently in operation with an additional eight opening later this year.
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