Canopy Growth’s recently acquired Mettrum Ltd. stated that it wrote off $800,000 of costs owing to a series of recalls over the use of a banned pesticides. The staff at Mettrum feared detection from authorities, so they hid the pesticides in the office’s ceiling tiles.
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The cannabis industry is expected to reach $50 billion in size by 2026, according to Cowen & Co., making it one of the fastest growing industries in the world. Investors have taken a growing interest in the industry as legalization has spread across North America. Here are three subsets of the cannabis industry that investors may want to consider for the best risk-adjusted returns.
Investors are incredibly excited about Canopy Growth Corporation. But we’re now looking at a situation where the stock has increased quite aggressively thanks mostly to the belief that the future is bright. And there are still many investors sitting on the sidelines wondering if they should consider this company.
“We are continuing to see Canadian companies invest in or acquire assets in U.S. cannabis markets […] looking to take advantage of increased demand abroad,” a Viridian Capital analyst says.
These people quit their day jobs to capitalize on the growing marijuana industry by building their own cannabis related business
Roto-Gro International, a Canadian cannabis-tech company has been admitted to the ASX, and has become the latest player to join the list of cannabis based companies on the ASX.
Canopy Growth Corporation’s generating eye-popping returns for investors. However, there are risks ahead that could rein in some investor optimism.
Marijuana prices are falling. Could marijuana stock prices drop soon, too?
On the face of it, 2017 may be the year to jump into the marijuana market to get a piece of what looks to be promising growth over the next few years.
As of Wednesday, traders on the Toronto Stock Exchange can buy and sell “WEED.”
Chris Blake, Senior Portfolio Manager, TD Wealth, explains what investors need to know before buying marijuana stocks.
HOUSTON, Jan. 27, 2017 /Weed Wire/ — Indoor Harvest Corp (OTCQB:INQD) founder, Chad Sykes, has agreed to return and retire 2,500,000 shares of Common Stock back to the Company’s treasury for no consideration. This retirement represents over 15% of the total Common Stock issued and outstanding in the Company.
Forward-thinking investors are already plotting seven-figure weed windfalls with the top pot stocks from every ecosystem. You see, there’s more to the marijuana industry than just selling cannabis. There are a lot of ways to profit from legal recreational and medical marijuana sales.
Investing in cannabis stocks is being called the “gold rush” of the 21st century. That’s because legal marijuana sales in North America climbed to $6.7 billion in 2016.
Marijuana stocks may be in for a bumpy ride this year.
Although the legal cannabis industry is still in its infancy, it’s already delivering tremendous results. According to tech financial guru Michael A. Robinson, the cannabis industry has been one of the fastest growing sectors in the stock market.
A comprehensive study slams many of the alleged benefits of marijuana and points to serious negative effects. What will the impact of this study be for marijuana stocks?
More than 200 high-net worth investors from around the world, eager to invest in the fastest growing industry in America will gather at Loews Hollywood Hotel for a two day “Shark Tank”-like pitch forum on Tuesday, January 17th and Wednesday, January 18th, hosted exclusively for members of The Arcview Investor Network.
Most myths have at least a little bit of truth interspersed with a lot that is false. That’s the case with these three myths about marijuana stocks that some might mistakenly believe.
Here are three stocks that have doubled investors’ money in 2016, and a look into whether or not they can continue to rally in 2017.
Canopy, previously listed on the Canadian Venture Exchange under stock symbol TWD (Tweed was the original company, later consolidated into Canopy), began trading publicly on the Toronto Stock Exchange in July amid great anticipation from investors and financial markets.
Shares of industrial warehouse companies such as Prologis Inc, Rexford Industrial Realty Inc and Terreno Realty Corp that have significant exposure to the California market should benefit even if they do not lease to marijuana companies directly, fund managers and analysts say.
While many investors were drawn in by the myth that millions would be made by investing in the companies that purportedly planned to cultivate and sell medical and leisure based marijuana, they should have been focused on investing in companies that are intent on utilizing the plant’s cannabinoid properties, which are consistently demonstrating extraordinary benefit in treating a host of medical conditions.
Under the new Massachusetts marijuana laws, adults aged 21 and older will be able to possess up to 10 ounces of marijuana. Adults will also be allowed to grow up to 12 plants in their residence. But first, we want to make sure our readers know all the details about recreational marijuana laws taking effect today in Massachusetts.
For now, CannaRoyalty is also the only option for Canadian investors to gain exposure to the U.S. recreational marijuana market.
According to a report by the equity research firm Cowen & Co., marijuana will generate $50 billion in revenue by 2026. That’s roughly eight times the estimated revenue this year. GW Pharmaceuticals and Insys Therapeutics are two big companies with an even bigger future.
Innovative Industrial Properties, Inc. (IIPR) is one of the latest and most notable companies focusing on marijuana to hit the markets, and the company had a fairly quiet IPO on Thursday, December 1.
With several states passing measures to legalize marijuana in 2016, the cannabis business looks poised to finally to take off. But for investors, there remains a quandary: How do you find a way to get in on the ground floor of this new growth industry?
BONSALL, Calif., Nov. 17, 2016 /Weed Wire/ — MARIJUANA COMPANY OF AMERICA INC., announced that after many months of research and product development and business planning, MCOA has now commenced generating revenue and started to ship orders for its hempSMART BRAIN product.
LONG BEACH, Calif., Nov. 16, 2016 /Weed Wire/ — The Managing Members of AP Investment Fund LLC (“AP” or “the Fund”) announced today the $12.6 million fund’s successful closing.
COSTA MESA, Calif., Nov. 14, 2016 /Weed Wire/ — Sipp Industries, Inc. (OTC: SIPC), a multifaceted corporation specializing in technology, manufacturing, and distribution of commercial and consumer products is pleased to announce the Company has officially executed an agreement with the distinguished Denver based contract brewery, Sleeping Giant Brewing Company.
Are you an entrepreneur eager to fund your cannabis business? Needless to say, banks are not going to be your first choice. How can you raise capital legally and then bank the money you make?
BONSALL, Calif., Nov. 4, 2016 /Weed Wire/ — MARIJUANA COMPANY OF AMERICA INC., (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution company, is pleased to announce that the inaugural product launch of hempSMART Brain will begin on November 7, 2016.
On Oct. 28, 2016, hundreds of interested investors and contractors attended a public medical marijuana forum hosted by the Louisiana State University Agricultural Center, one of two state-sanctioned medical marijuana cultivators.
BONSALL, Calif., Oct. 18,2016 /Weed Wire/ — MARIJUANA COMPANY OF AMERICA INC., is providing this update to keep our shareholders and prospective investors informed.
For investors, the rising prospects of legalized pot may be too good to pass up, yet the publicly traded cannabis companies may not be such a smart bet.
LOS ANGELES, Oct. 13, 2016 /Weed Wire/ — Marijuana sales in the U.S. are poised to surpass coffee by the end of this decade.
On Oct. 7, 2016, the Louisiana State University Agricultural Center announced that it will hold a public forum on Oct. 28 to discuss Louisiana’s medical marijuana program as it concerns the LSU AgCenter.
Bloomfield Industries, one of the five organizations licensed by the state of New York to cultivate and distribute medical marijuana, is facing “financial constraints.”
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Cannabis cultivation need not be disorganized or dirty. And yes, this gives a whole new meaning to a “seed round.”
When three Colorado marijuana entrepreneurs made a presentation to 40 Silicon Valley investors last year, it was as though they were discussing something dirty.
EAGLE POINT, Ore., June 17, 2016 /Weed Wire/ — Grow Condos, Inc. (OTC PINK: GRWC), a fully reporting publicly traded company specialized in cannabis industry related “Condo” style real estate and turn-key grow facilities, is pleased to announce that the Company has incorporated an Advisory Board for the purpose of providing the Company and its clients with valuable industry specific guidance and assistance.
Many people who work in the emerald triangle’s underground economy think of it as just a job. However, for the majority of people outside the cannabis industry there is a lot of mystery.
DENVER, May 24, 2016 /Weed Wire/ — MassRoots, Inc. (OTCQB: MSRT), one of the largest and fastest growing technology platforms for the cannabis industry, received notification on Monday, May 23, 2016, that the Nasdaq has denied MassRoots’ application for listing, which was filed in August 2015.
NEW YORK, May 23, 2016 /Weed Wire/ — Navigating frontier markets successfully requires the right guide. Successful guides must be not just the best and the brightest, but the boldest, as they go where others have not trekked before. Meet the venture cannabists—the early adopters who blazed the cannabis trail—at the Cannabis Growth Capital Summit on June 15, 2016, at the Javits Center in New York City.
OAKLAND, Calif., May 17, 2016 /Weed Wire/ — The National Cannabis Industry Association, the only national trade association representing the businesses of the legal marijuana industry, will hold its third annual national conference, the Cannabis Business Summit and Expo, in Oakland, CA, June 20-22, 2016, at the Marriott City Center.
OJAI, Calif., May 12, 2016 /Weed Wire/ — Green Flower Media, is bringing together 30+ of the world’s most successful cannabis entrepreneurs, experts, and investors during the Virtual Cannabis Entrepreneur Summit.
PHILADELPHIA, Pa., May 11, 2016 /Weed Wire/ — The Arcview Group (Arcview) made the first ever plenary session presentation on cannabis as an investable sector at the Angel Capital Association Summit in Philadelphia, PA on May 10, 2016 at the Philadelphia Convention Center.
Ricky Williams is one of America’s great Weed Martyrs.