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 December 16th – December 22nd, 2019.
Without further ado, let’s get started.
Battley’s Departure From Aurora Could Be a Warning Sign for Investors
In a rare Saturday afternoon press release, Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced that its Chief Corporate Officer (CCO) Cam Battley has resigned from his role with the company.
Shares of TCAN Stock Soared Nearly 20% Today in Reaction to the Favourable News
TransCanna Holdings (CSE: TCAN) (OTC: TCNAF) (FSE: TH8) announced its wholly-owned subsidiary Lyfted Farms received a unanimous recommendation in support of approving its Daly Project. The Daly Project is a 196,000 Sq Ft Cultivation, Manufacturing & Distribution Facility in Modesto, California.
Valens Saw Significant Growth in its White Label and Cannabis 2.0 Product Sales
Valens GroWorks (TSXV: VGW) (OTCQX: VGWCF) announced revenue guidance for the recently completed fourth quarter of 2019 in the range of $27 million to $30 million.
Hollister Believes They Have What it Takes to Be a Dominant Player in the Golden State
Hollister Biosciences (CSE: HOLL) (FRA: HOB) has the management team, technology, and strategy to become a serious contender for the California cannabis crown.
36,800,000 Units Were Sold Under the New TGOD Offering
The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) has finally closed its bought deal financing announced in late November. The firm closed the bought deal on an oversubscribed basis, raising a gross figure of $27.6 million.
Tilray Did Not Make Any Cash Payment in Connection With the Merger
Tilray (NASDAQ: TLRY) announced that it has closed its merger with private equity firm Privateer Holdings. Each Privateer stockholder who acquired shares of Tilray in the merger is subject to a lockup agreement.
These Trulieve Super-Voting Shares Would Have Come Free in Late January 2020
Shares of CURA Stock Jumped 7% in Reaction to the Funding Announcement
Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) announced that it has received commitments from a syndicate of lenders for the purpose of structuring a new non-dilutive USD $275 million financing.
Analyst Announces New Sell Rating on ACB Stock and Shockingly Bearish $0 Price Target
In a note to clients, GLJ Research analyst Gordon Johnson placed a ‘Sell’ rating on Aurora Cannabis (TSX: ACB) (NYSE: ACB) and slapped the company with a $0 per share price target. In other words, the analyst said: “Aurora Cannabis’ equity is effectively worthless.”
Report By Grizzly Research Accuses Trulieve of Insider Dealing and Fraud
Trulieve Cannabis (CSE: TRUL) (OTCQX: TCNNF) is facing some serious allegations after a new short-seller report by Grizzly Research was released. Did the short report create a buying opportunity?
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.