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The Canadian Cannabis sector has long been a gateway for new businesses to grow and expand into the world. The industry has been relatively free of frauds and scams until recently. OSC alleges misuse of funds According to the Ontario Securities Commission, Canada Cannabis Corp. misused investor funds worth $3 million. In a Friday statement,…
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New data released by the Financial Crimes Enforcement Network (FinCEN) of the US Treasury shows that the number of banking entities providing services to cannabis firms is growing. Numbers suggest that banks and credit unions providing services to cannabis-related business has grown from 400 at the beginning of 2018 to 633 in at the end…
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Investors may have already priced in the approval of the cannabis banking bill by the House of Representatives, as reflected by the mixed performance of weed stocks in pre-market stock trading action this morning. The passing of the bill, which would allow financial institutions to legally serve companies within the cannabis industry, is a much-needed…
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The earnings season is in full swing. Aurora Cannabis has scheduled its quarterly earnings for tomorrow. Here’s what analysts are projecting for the company’s earnings. Cannabis company Canopy Growth reported its quarterly earnings yesterday that propelled its stock higher. The company’s earnings coupled with Tilray’s deal with a UK company to distribute its medical marijuana…
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Aurora Cannabis (NYSE: ACB) has lost more than 90% of value over the last twelve months amid investor disappointment at losses, despite being rated as one of the top cannabis stocks in the market. The Canadian firm’s stock is trading up 2% at 81 cents on Nasdaq on Friday afternoon, having been worth $9.17 a…
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Leading cannabis companies have significantly lost their stock market value due to various factors affecting the industry. Data gathered and calculated by Learnbonds.com indicates that these firms have lost an average of 67% in value over the last year. The data shows that Aurora Cannabis, Cronos Group, Aphria, Canopy Growth Corporation, and Tilray stocks went…
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Aurora Cannabis (NYSE: ACB) stock price plunged to the lowest level in two years after reporting lower than expected revenues. In addition, the company generated a wider than the anticipated loss for the first quarter. The slowdown and bearish trend in the marijuana industry over the past six months have reversed all the gains that…
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California is the biggest market for medical and recreational cannabis in the US and Senate majority leader Mitch McConnell has been historically opposed to marijuana reformation laws. However, he recently attended a lunch meeting with some cannabis industry executives in California and is said to have visited one cannabis company as well. Is McConnell rethinking…
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The Green Organic Dutchman Holdings Ltd is “exploring non-bank debt financing alternatives such as issuing bonds or raising private loans” for its construction projects in Quebec, according to Sebastien Bouchard, Green Organic spokesman. Construction Projects The company currently has construction projects that require additional funding. It announced on Wednesday, Oct. 9, that it is looking…
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The open-source blockchain network Aeternity announced it is working on a supply chain management platform side by side with Uruguay Can, a leading cannabis production company in the Southern Cone. Cannabis Production On The Blockchain This solution will allow the company to register and track cannabis strains from the seed to the final product. In…
