Category: Investment / Finance / M&A

  • Consolidation in Canada’s Cannabis Industry Accelerates

    Consolidation in Canada’s Cannabis Industry Accelerates

    May 14th, 2018 – Consolidation in Canada’s nascent marijuana industry is heating up, with two of the largest players agreeing to the biggest merger seen so far in the sector.  Aurora Cannabis Inc. agreed to buy rival MedReleaf Corp. for about C$2.9 billion ($2.2 billion) in stock, the companies said Monday in a statement. The deal…

  • Tobacco Industry buys into Hemp & Canadian Cannabis

    Tobacco Industry buys into Hemp & Canadian Cannabis

    February 8th, 2018 – Tobacco company Alliance One International Inc. (NYSE:AOI), announced on Thursday news of their 75 percent equity position in Canadian-licensed producer Island Garden Inc. and their 80 percent stake in LP Goldleaf Pharm Inc. With AOI already a major investor in a North Carolina hemp company, this marks the first public entry into…

  • Cannabis Wheaton acquires Uruguayan Hemp CBD producer

    Cannabis Wheaton acquires Uruguayan Hemp CBD producer

    January 30th, 2018 – Cannabis Wheaton, a Canadian cannabis streaming company, announced that it had acquired 80% of Uruguay cannabis company Inverell. The Montevideo-based business has a federal license to produce high-CBD, low-THC cannabis strains.Inverell is currently growing the strains on about 40 acres (16 hectares) and has an additional 1,420 acres (574 hectares) available for…

  • PhiVida inks California Hemp products distribution deal

    PhiVida inks California Hemp products distribution deal

    January 4th, 2018 – Phivida Holdings Inc. (“Phivida” or the “Company” traded as (“VIDA:CNX“) or (“PHVAF“) announced today that it has entered into a distribution agreement with Green Reef Distributing Inc. to distribute its products across the State of California.  “We are excited to be the first state to launch Phivida’s line of branded CBD-infused functional…

  • CBD Manufacturer Isodiol Buys Pharma Lab Stake

    CBD Manufacturer Isodiol Buys Pharma Lab Stake

    Decenber 10th, 2017 – A CBD manufacturer with offices in Canada and California is moving further into the Canadian cannabis market, acquiring a 25% stake in a company in the final stages of licensing to make hemp and marijuana pharmaceutical products. Isodiol International said it’s acquiring 25% of Canadian National Pharma Group, a pharmaceutical manufacturing…

  • Aurora Cannabis to make Strategic Investment in HempCo

    Aurora Cannabis to make Strategic Investment in HempCo

    July 31, 2017 /CNW/ – Aurora Cannabis Inc.  announced that it will make a strategic investment in Hempco for an ownership stake of up to 19.9% on a fully diluted basis, subject to applicable regulatory approvals. Hempco is one of the world’s largest producers of industrial hemp products, and currently offers three primary product lines:…

  • Mergers in Canada’s Cannabis Industry Ahead of Legalization

    Mergers in Canada’s Cannabis Industry Ahead of Legalization

    April 11, 2017- Canada is set to detail its plans for legalized recreational marijuana, with the industry expecting a rush of mergers as companies seek a national footprint amid a patchwork of different rules in each province. Prime Minister Justin Trudeau’s government will unveil its proposed law as early as this week but is likely…

  • World’s First Marijuana ETF Launches

    World’s First Marijuana ETF Launches

    April 5th, 2017 – Toronto, Canada – Horizons ETFs Management (Canada) Inc. (“Horizons ETFs”)  announces the launch of the Horizons Medical Marijuana Life Sciences ETF (“HMMJ”). Units of the exchange traded fund (“ETF”) begin trading on the Toronto Stock Exchange (“TSX”) today under the ticker symbol HMMJ. HMMJ is the first ETF in the world that…

  • The 5 Types of Cannabis Companies Most Likely to Get Investment Money

    The 5 Types of Cannabis Companies Most Likely to Get Investment Money

    August 11th, 2014 – Many startups in the cannabis industry are seeking capital as the “green rush” intensifies, promising to make investors wealthy in exchange for some much-needed cash. But a fair share of these businesses struggle to find money, even though the financing pool is as deep as its ever been. Seasoned investors in…

  • SEC Charges Traders with Marijuana Stock Manipulation

    SEC Charges Traders with Marijuana Stock Manipulation

    August 6th, 2014 – Four stock traders have been charged by the U.S. Securities and Exchange Commission with manipulating shares of cannabis companies in a pump-and-dump scheme. The stocks affected include GrowLife and Hemp Inc., as well as some non-cannabis securities. The defendants allegedly used manipulative tactics to create the appearance of heavy trade volume,…