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 23rd – 29th, 2019.
Without further ado, let’s get started.
ETFMG, a leading thematic ETF issuer behind the world’s largest cannabis ETF, MJ, the ETFMG Alternative Harvest ETF (NYSE Arca: MJ), has declared a $13,056,000 quarterly dividend, which equates to $0.32 per share.
HEXO’s (TSX: HEXO) (NYSE: HEXO) (FRA: 74H) NYSE listed stock tanks as Canadian investors stuck watching from the sidelines.
Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF) (FRA: O1GA) has closed its previously announced financing for $27.7 million in the form of an 18 month senior secured first-lien credit facility.
Medmen Enterprises (CSE: MMEN) (OTCQX: MMNNF) (FRA: 0JS) announced progress in its recent decision to sell certain non-core assets of its U.S. holdings. In accordance with that plan, the firm has entered a non-binding term sheet to sell its three Arizona vertical licenses, as well as a binding term sheet to sell a cultivation and manufacturing license in Illinois.
Aurora Cannabis (TSX: ACB) (NYSE: ACB) (FRA: 21P) confirms the company’s new Cannabis 2.0 shipments following Cam Battley’s departure. Organigram (TSX: OGI) (NASDAQ: OGI) (FRA: 0OG) releases its Trailblazer Torch vape cartridges as its first new Legalization 2.0 product format.
Green Thumb (CSE: GTII) (OTCQX: GTBIF) (FRA: R9U2) announced that it anticipates five of the company’s Illinois cannabis stores will be open for recreational cannabis sales on January 1, 2020, which would be the first day when recreational cannabis purchase becomes legal in Illinois.
But, believe it or not, a few Cannabis Stocks actually made Santa’s nice list in 2019, and it has everything to do with their income statements. In an industry where losses abound, these Pot Stocks have stood out for all the right reasons.
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