Golden Leaf Holdings Announces Q2 2016 and June 2016 Preliminary Results For Oregon And Washington State Brands

Preliminary results show that GLH generated US$3,011,000 in estimated and unaudited revenue for Q2 2016 as compared to unaudited revenue of US$2,476,688 for Q1 2016, representing a quarter over quarter increase of 21.5%.

OREGON: Golden Leaf Holdings Ltd. (“GLH” or the “Company”) (CSE: GLH), a leading cannabis oil solutions company built around recognized brands, today announced preliminary revenue results for Q2 2016 and June 2016 for the respective brands of the company in Oregon and strategic partner BMF Washington. GLH Oregon Revenue Overview Preliminary results show that GLH generated US$3,011,000 Read the full article…

SEC Allows Pot Dealer To Register Stock

This approval appears to be the first green light for a share registration by a company in this line of business and could set a precedent for marijuana dealers to access the equity markets, but the agency’s ambivalence about such a business model is clear from the way it handled the registration.

NEW YORK:  The U.S. Securities and Exchange Commission has allowed a share registration to proceed for a company whose business model includes cultivation and sale of marijuana, which are both illegal under federal law, though legal under some state laws. This approval appears to be the first green light for a share registration by a company Read the full article…

Surna Acquires Majority Interest in Agrisoft Development Group

Tom Bollich, CEO of Surna

COLORADO: Surna has signed a definitive agreement to acquire a controlling interest in Agrisoft Development Group, a privately-held company that is one of the leading software developers of seed-to-sale tracking systems for state regulated cannabis cultivation and distribution companies. The deal will provide Surna with additional technology and capabilities to complement its current technology portfolio. Read the full article…

Marijuana Stocks Hit Highs After Colorado Legal Pot Sales

Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry.

NEW YORK: Stocks of companies involved in the marijuana industry — medical or otherwise — hit fresh highs Thursday after Colorado launched the first legal US sale of recreational pot. Investors took the huge lines outside pot retailers in Colorado as a harbinger of potential growth in the still-new industry. With one study predicting a $10 Read the full article…