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World High Life, the recognized medicinal cannabis investment firm, signed a deal to purchase Love Hemp for £9 million. Love Hemp is a cannabis oil company from the United Kingdom. The main goal is to expand its business in Europe. New Cannabis Company Deal The cannabis industry is never boring. World High Life announced they…
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Several cannabis stock investors claim that the Bank of Montreal (BMO) is not allowing them to short cannabis stocks. The problem has been reported to be happening when investors want to short cannabis stocks using the bank’s self-directed brokerage. The information was released on September 5 by the Financial Post. BMO Not Allowing Users To…
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The CEO of FSD Pharma Inc. Dr. Raza Bokhari informed that the company is expected to generate revenues from cannabis sales on Q3. He said this during an interview with Proactive on September 3. He has also commented about Q2 financials and the intention to gather more funds for the expansion of the company FSD…
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Security Matters is bringing blockchain technology to the cannabis industry. It recently filed a patent for a distributed ledger network for cannabis supply-chain. What’s the new blockchain all about? The new blockchain solution from Security Matters is designed to handle the supply side of the cannabis industry. It can be used to manage and track…
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Although Colombia is known for being a country involved in the illegal drugs market as a producer of cocaine and marijuana, the nation is now moving towards the new medical marijuana industry. According to a recent report released by BBC World News, Colombia is becoming a recognized producer of marijuana for the medical sector. Medical…
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Aurora Cannabis (NYSE: ACB) stock price plunged 30% in the last three months due to the broader market selloff. The marijuana stocks are struggling at the moment; the majority of them are trading close to the lowest level in this year. North American marijuana index dropped to the lowest level since the beginning of 2018….
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Believe it or not, the cannabis industry is suffering from scams and unchecked expectations as investors and early entrepreneurs aren’t making nearly as much money as they had hoped, reports MarketWatch. Not A Strong Start For The Growing Industry According to the publication, the ETFMG Alternative Harvest ETF, one of the easiest ways to invest…
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A 45-member marijuana business alliance called Global Cannabis Partnership recently issued guidelines to help reduce greenhouse gas emissions and promote ethical practices in the industry. Legal marijuana industry takes responsibility On Tuesday, the Global Cannabis Partnership, which counts Canopy Growth Corp. as a member, sent a message to the world- cementing their status as a…
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Global cannabis giant Tilray is set to release its fiscal first-quarter 2022 earnings on Thursday before the US markets open. What’re analysts expecting from the company’s earnings and can the stock recover some of its recent losses after the earnings? Earlier this year, Tilray and Aphria had merged to create the world’s biggest cannabis company….
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Sundial Growers stock was up sharply in US premarket trading today after it reported its first quarter earnings which showed that the cannabis company turned positive on the EBITDA level. Sundial Growers reported gross revenues of $11.7 million in the quarter which were 29% lower than what it had posted in the corresponding quarter in…
