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 14th – October 20th, 2019.
Without further ado, let’s get started.
Ignite’s Stock Chart is Looking Primed for a Potential Breakout
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The Cannabis Regulator Suspended CannTrust’s Cultivation and Processing Licences on September 17
CannTrust (TSX: TRST) (NYSE: CTST) says it will destroy $77 million worth of cannabis in an attempt to get Health Canada to restore its licences, $26 million more than the previously disclosed estimate of the amount it would have to discard.
Legalization 2.0 Will Open Up a Market Opportunity in Canada Worth $2.7 Billion
The Product Will be on Sale in Quebec Starting Thursday for $125.70, or $4.49 Per Gram
Hexo Corp. (TSX: HEXO) (NYSE-A: HEXO) is moving to undercut prices in the illicit market with a new 28-gram product that costs consumers as much as one dollar less per gram than at the average black market dispensary.
Insider Buying is on the Rise With These 5 Multi-State Operators Leading the Way
Insider buying like the five U.S. multi-state operator (MSO) trades in this article signal a vote of confidence to the market and usually, we see the crowd follow suit.
Molson Coors and Hexo Says its Portfolio of Cannabis-Based Drinks Are Set to Hit the Market Later This Year
The announcement from Truss Beverage Co., a joint venture between Hexo (TSX: HEXO) (NYSE-A: HEXO) and Molson Coors (NYSE: TAP) comes one week after its competitor Fluent Beverage Co. — a joint venture between the world’s largest brewer Anheuser-Busch InBev (NYSE: BUD) and Tilray (NASDAQ: TLRY) reported it was launching CBD drinks as early as December.
Tidal Reports on the Status of Red White & Bloom Merger, Update Includes Images from RWB’s Illinois CBD Facility
Tidal Royalty (CSE: RLTY.U) (OTCPK: TDRYF) released a corporate update informing investors of the status of its pending merger with MichiCann Medical o/a Red White & Bloom (CSE: RWB – IPO Soon). The update included multiple images of RWB’s massive indoor CBD cultivation facility in Illinois.
Cronos Leads the Way Following Surprise 30% After Hours Move, Begining of a Short Squeeze Could Be Under Way
APHA Stock Soars on Huge Q1 Earnings Beat, Breathes Life into Struggling Market
A lot was riding on this week’s Q1 earnings announcement from Aphria (TSX: APHA) (NYSE: APHA). The entire Canadian cannabis industry held its breath over the Canadian Thanksgiving long weekend hoping Aphria could pull through for the sector once again. Aphria did not disappoint.
Move Over Curaleaf, There’s a New MSO in Town and it’s Set to Hit The Street Soon
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