Sentences with phrase «for cannabis companies»

Heavy - handed regulation, banking discrimination make things further difficult for cannabis companies.

That is a potential revenue and profit windfall for cannabis companies ready to capitalize.

David Cusson, chief executive officer of Echelon Wealth Partners Inc., which has also underwritten equity financing for cannabis companies, said that the other Big Five banks may want to see how BMO fares.

For cannabis companies trying to stand out from the crowd, the latest rule is a frustrating obstacle.

«My only point of caution is that price discovery may suffer for the cannabis companies as the banks get more comfortable in the space and bank debt lending and equity financing potentially get linked,» Cusson said.

Bay Street Cannabis, as its name suggests, plans to act as an equity crowdfunding portal for cannabis companies.

Former Speaker of the House John Boehner joined a board of advisors for cannabis company Acreage Holdings earlier this month after changing his own views on cannabis.

Not exact matches

The company breaks out grams sold by dry cannabis versus oils, which is not common across the sector, as well as the number of grams produced suitable for sale.

• MTech Acquisition, an Orlando - based blank check company formed to acquire a cannabis - related firm, filed for a $ 50 million IPO of 5 million units.

Companies like Constellation also have significant experience dealing with provincial liquor control boards — the same entities that will oversee retail and distribution for cannabis.

In its 2017 State of Cannabis report released earlier this year, California marijuana delivery company Eaze reported that edible sales have increased as more people learn best practices for proper dosing.

A Canadian company called IC Potash changed its name last year to Belgravia Capital International, and intends to produce specialized fertilizers for cannabis firms and form partnerships with growers in Canada and the U.S. Belgravia also proposes to use «blockchain technology software» to track seed sales and quality.

We've got two investments so far — Herb, a cannabis - focused media company, and LeafLink, a wholesale order management platform for the cannabis industry.

That figure removes the impact of international accounting rules for the agricultural industry that requires cannabis companies to record the value of their plants as income as they grow, before the product is sold, lifting the bottom line.

This U.S. venture capital company invests in numerous business segments, including its foray into RegTech thanks to Managing Partner Wayne Kimmel's decision to put money into KIND Financial, a regulatory and compliance platform for the cannabis industry and for the government to monitor those businesses.

But when former President Obama issued a memo during his term that encouraged banks to do business with the marijuana industry, this loosened up access to both some banks and payment processors for cannabis - related companies.

Take Canopy, for example, the highest - valued Canadian cannabis company and one whose shares move in lockstep with the headlines.

«I don't think it's realistic for Trump to wage an all - out war against recreational marijuana,» says Aaron Herzberg of CalCann Holdings, a portfolio of cannabis companies and brands in California.

He founded his company Weedmaps, a sort of Yelp for marijuana dispensaries, in 2008, and now serves on the board of directors for the National Cannabis Industry Association, the Marijuana Policy Project and the National Organization for the Reform of Marijuana Laws, which most people know as NORML and for which he also serves as treasurer.

Canada's Cannabis Boom is creating a $ 30 Billion Investment Opportunity for investors and this small company could explode upwards in the next few weeks as investors start to flock to the space.

Neon Roots has worked with more than 100 clients, and that roster includes companies such as Spotify and Epson, and figures such as Snoop Dogg, for whom they created the much - lauded cannabis - culture app Merry Jane, and author - speaker Tony Robbins.

The company offers a range of cannabis products, including carbonated beverages, fudge bars and oil cartridges for vaporizer pens.

California licensed cannabis companies are now able to buy commercial insurance from a state - guaranteed insurer for the first time, California Insurance Commissioner announced on Thursday.

(In the fragmented, state - regulated cannabis market, it is illegal for companies to ship marijuana products out of state.

Smoke also blanketed huge swaths of Northern California last week, which presents a more widespread concern for the marijuana industry, according to Nick DiNicola, whose company, DiNicola Insurance Services, brokers insurance for companies in the cannabis space.

• MedMen, a Culver City, Calif. - based company providing management services to licensed cannabis operators, raised $ 60 million for its cannabis - focused MedMen Opportunity Fund, according to a filing with the SEC.

Aside from technology, the company is also expected to benefit from a contract it landed with the Ontario government, which said earlier this week that it would use Shopify's e-commerce platform for cannabis sales online and in stores as part of its plan to be the province's sole distributor of legal recreational marijuana.

Sun Life will also conduct periodic reviews of the growing body of clinical research supporting the use of medical cannabis for other conditions, and update its criteria if necessary, the company said in a document updating their client base of 22,300 plan sponsors.

Local laws on where cannabis companies can operate limit the options for rental.

The burgeoning real estate market tied to marijuana also has led to companies specializing in listing commercial property that can be used for the cannabis industry.

Much like BMW and Mercedes - Benz have become status symbols among car owners in certain circles, a German pipe company has become the benchmark for cool in the cannabis paraphernalia industry.

The company developed alternative delivery systems for cannabis — vape pens, patches, listerine strips, and gums — and acquired a stake in Prairie Plant Systems, which had won the single - source Health Canada contract to supply the substance.

Brendan Kennedy, the cofounder of Privateer Holdings, which owns various marijuana companies like Marley Natural and Canadian pharmaceutical - grade cannabis producer Tilray, explains how Tilray is already exporting marijuana to countries like Croatia and Australia for use in clinical trials.

Former Philadelphia real estate broker turned developer David Dinenberg (he worked with David Grasso on the Valley Square center in Bucks) says he has raised $ 2 million, from investors including Lindy Snider, daughter of Comcast Spectacor chairman Ed Snider, for his firm Kind Financial, a Los Angeles company that bills itself «the financial solutions platform provider for the quickly - growing legal cannabis industry.»

The Mettrum discovery was made recently, when a random screening of the company's products by Health Canada turned up the unauthorized use of pyrethrin, a pesticide derived from the chrysanthemum plant that is also not approved for medical cannabis.

Myclobutanil, a chemical that is also prohibited for use on legal cannabis in Colorado, Washington and Oregon because of health concerns, was found in product recently recalled by Mettrum Ltd., a Toronto - based medical marijuana company.

For its fiscal year - to - date, Canopy says it has now sold 3,850 kilograms and kilograms equivalent of cannabis at an average price of $ 7.98 per gram, an increase over the 2,153 kilograms the company says it sold at an average price of $ 7.05 per gram for the six months ended September 30, 20For its fiscal year - to - date, Canopy says it has now sold 3,850 kilograms and kilograms equivalent of cannabis at an average price of $ 7.98 per gram, an increase over the 2,153 kilograms the company says it sold at an average price of $ 7.05 per gram for the six months ended September 30, 20for the six months ended September 30, 2016.

Canopy Growth Corp. reported Tuesday that it took a $ 1.6 - million loss in its fiscal second quarter, a slip that comes as the Smiths Falls, Ont. - based medical marijuana company gears up for Canada's planned legalization of recreational cannabis and basks in a ground - breaking deal with a U.S. - based beer giant.

The company is also releasing what's known as DopeMarket, which will serve as an eBay - type platform for a multitude of cannabis products.

«It's extremely positive not just for Canadian companies like CannaRoyalty that have U.S. assets, but it's quite positive for the Cannabis sector as a whole.»

«One needs to only look at the chart for Cronos Group Inc. to see the impact a Nasdaq listing (U.S. demand and easy access to accumulate) may have on a cannabis company.

The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations («ACMPR») to cultivate medical cCannabis for Medical Purposes Regulations («ACMPR») to cultivate medical cannabiscannabis.

It could be the hottest outgrowth of the pot - conomy — highly lucrative for both investors and cannabis companies.

** Canada's No. 2 marijuana producer Aurora Cannabis Inc has agreed to buy smaller rival CanniMed Therapeutics Inc for C$ 1.1 billion ($ 852 million) as companies jostle to benefit from the country's legalization of recreational marijuana use later this year.

I encourage more insurance companies to follow California Mutual Insurance Company's lead and file insurance programs to fill the gaps in coverage for the cannabis industry,» Jones stated in making the announcement.

Canaccord has been one of the busier financiers within the Canadian cannabis sector so far — on Thursday one of its latest deals, a bought - deal offering for marijuana company Nuuvera Inc., on which it is one of the lead underwriters, was upsized to $ 45 - million.

According to Aphria's most recent results, for the quarter ended Aug. 31, the company reported net income of $ 15 million and a 15 per cent increase in sales, to 852 kilograms or kilograms equivalent of cannabis.

This little - known security company: Continue reading «Sales Jump 85 % For Cannabis Security Company&rcompany: Continue reading «Sales Jump 85 % For Cannabis Security Company&rCompany» →

This week saw a change in control at CanniMed Therapeutics as the company prepares for the completion of it's takeover by Aurora Cannabis.

It is difficult for investors to find reliable information on the cannabis industry and the small group of hidden companies that are cashing in on this explosive trend.