MTech Acquisition Corp. And MJ Freeway Announce Merger Agreement

MJ Freeway

NEW YORK: MTech Acquisition Corp., the first US-listed Special Purpose Acquisition Company focused on acquiring a business ancillary to the cannabis industry, and MJ Freeway, a leading seed-to-sale technology provider and developer of the cannabis industry’s first enterprise resource planning platform, announced today they have entered into a definitive merger agreement. Following the consummation of Read the full article…

Tilray Launches Initial Public Offering

Tilray joins Nasdaq

CANADA: Tilray, a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, announced that it has launched an initial public offering of its Class 2 common stock pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission. Tilray has applied to list its common stock on the Nasdaq Global Read the full article…

Tilray Files Application To IPO On Nasdaq

Tilray Inc. Announces Filing of a U.S. Registration Statement and Application for Proposed IPO on Nasdaq

Company has also filed a Canadian Preliminary Prospectus for Proposed IPO, in order to qualify the offering of securities in Canada and to ensure purchasers in Canada are not subject to resale restrictions  CANADA: Tilray, a vertically-integrated and federally-licensed cannabis cultivator, processor and distributor, has announced the filing of a registration statement with the U.S. Securities and Read the full article…

Cronos Group to Begin Trading On Nasdaq Stock Exchange

Tilray joins Nasdaq

CANADA: Cronos Group Inc.has announced that trading of its common shares in the United States will be elevated from the Nasdaq International Designation program to the Nasdaq Global Market (“Nasdaq”). Cronos Group expects that its common shares will begin trading on Nasdaq on February 27, 2018 under the trading ticker symbol “CRON.” Cronos Group will retain its listing on the TSX Read the full article…

Don’t Fight The Tape: Cannabis Stocks Subject To Broad Market Swings

Investors may be lulled into thinking that stocks they own or study in the cannabis space are insulated from what’s happening in the broader market.

DISTRICT OF COLUMBIA:  Unless you’ve been hiding under a financial rock, you’ve seen just how volatile major stock indexes have been for the past week. It’s been a wild ride as the S&P 500, which represents the largest companies in America, has slid as much as 5% and risen nearly as much—in the same day! Read the full article…

GW Pharmaceuticals Closes U.S. Public Offering; Cannabis-Based Medicines Progress

Cannabis-based medicines progress.

NORTH CAROLINA:  Yesterday, Salisbury, UK-based GW Pharmaceuticals plc announced the closing of its public offering of 1.7 million American Depositary Shares on the NASDAQ Global Market. When taken together with the full exercise of options for another 255,000 ADSs by the underwriters at $86.83/ADS, the offering totaled $169.8 million. Although some of the ADRs were sold by Read the full article…

U.S. Regulators Warn Marijuana Scams Growing Like Weeds

Financial and Banking regulations may keep legal marijuana business all cash

NEW YORK: Investors in marijuana-related stocks may see their profits go up in smoke, U.S. regulators said on Tuesday.The Financial Industry Regulatory Authority, Wall Street’s industry-funded watchdog, warned that scammers have been targeting investors attempting to tap into the growing U.S. marijuana industry. Nearly 20 states permit the use of marijuana for medical purposes, and voters Read the full article…