Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for the week of October 7th – October 13th, 2019.
Without further ado, let’s get started.
Market Downturn Causes 7 Cannabis Stocks to Drop Off the $1 Billion+ Market Cap List
Currently only these 10 Marijuana Stocks remain above the coveted $1 billion threshold.
Canopy Claims U.S. Hemp Grower Treated $12 Million Advance Like a ‘Free Bank Account’
Canopy Growth (TSX: WEED) (NYSE: CGC) accused Go Farm Hemp of running a hemp seed scheme and fraudulently funnelling money from the $12 million advance into personal bank accounts as well as making outlandish purchases such as a house in Panama.
Bear Market in Cannabis Stocks Forces Israeli MMJ Firm to Postpone IPO
One of the largest cannabis IPO’s of 2019 has officially been shelved until market conditions improve.
Analyst Price Target on MedMen Lowered by 33% After Blockbuster Deal Gets Axed
MedMen (CSE: MMEN) (OTCQX: MMNFF) announced this week the termination of its previously announced PharmaCann merger.
Beacon Securities and GMP Securities to Lead Financing at $9.40 Per Share
Village Farms (TSX: VFF) (NASDAQ: VFF) announced it has entered into an agreement to raise $25 million through a bought deal.
BMO and Canaccord Cut Price Targets on TGOD Stock as Funding Dries Up
The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) saw its shares collapse this week after the company announced it’s struggling to secure additional financing to complete the construction of its Ontario and Quebec facilities.
Aphria is One of The Few That Has Reported a Quarterly Profit
We’ll get a better sense of how the Canadian market is shaping up when Aphria (TSX: APHA) (NYSE: APHA) reports its quarterly results on Tuesday.
MediPharm Secures Financing with Schedule 1 Bank During Tough Market Conditions
MediPharm Labs (TSX: LABS) (OTCQX: MEDIF) announced the closing of an upsized $38.7 million credit facility from a top 5 Canadian Schedule 1 bank. The company initially sought a $20 million revolving term credit facility.
HEXO Released Preliminary Q4 Operating Results and Withdrew Fiscal 2020 Guidance
Instead of just HEXO’s (TSX: HEXO) (NYSE-A: HEXO) stock tanking, pretty much the entire industry went up in smoke. And one sentence in HEXO’s fourth-quarter update looks to be to blame.
Use This Simple Guide to Choose Cannabis Stocks With the Best Chance of Surviving in the Post-Apocalyptic Market
The following checklist will help you scan the market to look for cannabis stocks with the highest probability of emerging from the wreckage to produce large ROIs over the next couple of years.
Move Over Curaleaf, There’s a New MSO in Town and it’s Set to Hit The Street Soon
Get the full details here so you don’t miss out on the next potential 10 bagger.