We’ve scanned the newsfeeds of all the important marijuana stocks and put together this recap so you don’t have to.
Top News Stories for Friday, September 13, 2019:
Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF), a leading vertically integrated cannabis operator in the United States, was granted approval for its three final and two provisional adult-use licenses by the Massachusetts Cannabis Control Commission.
Following today’s approval of all five licenses, the next step in the process is to schedule Post Final inspections for the three final licenses, which will then be followed by Commence Operation inspections. The process is expected to be completed in the coming months.
Trulieve Cannabis (CSE: TRUL) (OTCQX: TCNNF), continues to match the state registry’s brisk growth pace as the doors of a new dispensary open on Friday, September 13th.
As the company’s 32nd physical storefront in Florida, the Port Charlotte dispensary will directly serve patients living in Charlotte County, continuing Trulieve’s mission of expanding and ensuring patient access.
Green Thumb Industries (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced it will open Rise Hermitage, the seventh Rise™ retail location in Pennsylvania, on September 19.
“We’re honored to open the seventh Rise™ store in Pennsylvania and to be the first to provide cannabis to people throughout Mercer County,” said GTI Founder and Chief Executive Officer Ben Kovler. “With 32 stores now open across the country, we look forward to expanding our footprint in Pennsylvania while being an active member of the Hermitage community.”
Innovative Industrial Properties (NYSE: IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2019 dividend of $0.78 per share of common stock, representing a 30% increase over IIP’s second quarter 2019 dividend of $0.60 per share of common stock, and an approximately 123% increase over IIP’s third quarter 2018 dividend of $0.35 per share of common stock.
The dividend is equivalent to an annualized dividend of $3.12 per common share, and is the fifth dividend increase since the Company completed its initial public offering in December 2016.
KushCo Holdings (OTCQX: KSHB), today announced that it is reconfirming its annual revenue guidance for its fiscal year ended August 31, 2019 of between $145 million and $150 million in sales.
Nick Kovacevich, CEO and Chairman of KushCo Holdings, noted, “In addition to achieving these highly transformational initiatives and significant milestones, we are most proud of the way we have been able to grow the business and position ourselves for long-term sustainable success. Our revenue growth for the year remained strong.”
Benzinga, a financial technology company centered on delivering actionable trading insights, is announcing its managing director for cannabis, Javier Hasse, will be touring the Americas and speaking at four major cannabis conferences in upcoming weeks. See the link below for a full list of major speaking engagements.
Javier Hasse is an award-winning cannabis-focused reporter, editor and book author, currently serving as the managing director of Benzinga Cannabis.
CannTrust Holdings (TSX: TRST) (NYSE: CTST) today is providing a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), which require the Company to provide bi-weekly updates until such time as the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order (“MCTO”) issued by the Ontario Securities Commission.
The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company files an interim financial report for the three and six month periods ended June 30, 2019, an interim management’s discussion and analysis for the corresponding period and certifications of interim filings. The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company.
Move Over Curaleaf, There’s a New MSO in Town and it’s Set to Hit The Street This September
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