Over the next year, Valens expects to invest approximately $10 million into the Green Roads business to capitalize on the anticipated growth of the US CBD market, projected to reach roughly US$15.9 billion by 20263. Dale Baker, President & Chief Operating Officer of Green Roads, said: “The combination of Green Roads and Valens creates a truly global company with […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The largest MSOs have experienced a plethora of favorable news so far this year, including continuing strong top-line and bottom-line financial reports for Q4 and Q1, expanded access to capital, attractive M&A […]
Health Canada added 12 licenses, leaving the total at 700, including 3 that are expired, revoked or suspended. The model was launched in March 2017 targeting long-term investors seeking to invest in leading cannabis stocks with low portfolio turnover and has gained 365.0% since inception compared to the 31.2% decrease in the index. After a […]
The provisional license allows for the continued development and construction of the dispensary and marks a significant milestone toward the opening of Ayr’s first adult-use store in the Greater Boston area. The planned 4,500 ft² store is located next to the Apple Store and across from the Prudential Center, well-positioned for pedestrian traffic and easy […]
You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. We cited several factors that led us to believe the rally that was underway would be sustainable, including additional states legalizing, which has been the case, and improvements in key markets that […]
The model was launched in March 2017 targeting long-term investors seeking to invest in leading cannabis stocks with low portfolio turnover and has gained 404.4% since inception compared to the 26.6% decrease in the index. After a strong rally to begin 2019, the cannabis sector experienced a sharp decline over the next year to unprecedented […]
BDSA data for April showed record sales in several markets, with California standing out for its 42% growth from a year ago. The model was launched in March 2017 targeting long-term investors seeking to invest in leading cannabis stocks with low portfolio turnover and has gained 403.0% since inception compared to the 26.9% decrease in […]
BDSA data for April showed record sales in several markets, with California standing out for its 42% growth from a year ago. The model was launched in March 2017 targeting long-term investors seeking to invest in leading cannabis stocks with low portfolio turnover and has gained 403.0% since inception compared to the 26.9% decrease in […]
Three Republicans introduced the Common Sense Cannabis Reform for Veterans, Small Businesses and Medical Professionals Act to the House of Representatives, which would remove cannabis from the Controlled Substances Act and direct the FDA and the Tobacco Tax and Trade Bureau to regulate it. The model was launched in March 2017 targeting long-term investors seeking […]
Michigan generated $985 million in cannabis sales in 2020, and the program should continue to expand this year as supply becomes more available and as distribution expands. …Read the full story
New states keep asking other existing states for guidance — when they should be asking existing operators for guidance instead — so shortcomings are just photocopied over and over again. Getting license allocation right for the particular state’s market dynamics reduces supply and demand imbalances, allows business owners to predict market share, and sets up […]
is positioning itself as a top-three player in the Canadian recreational cannabis space, but the CPG company is aiming to take the top-two position soon. HEXO has maintained continuity with its leadership, with members of the team like General Counsel Roch Vaillancourt, and added new members. Acquiring Zenabis will help HEXO move its way up […]
I am very pleased with our financial performance in the first quarter as we reported positive Adjusted EBITDA for the first time in our history. Retail revenue for the first quarter of 2021 was $25.8 million, an increase of $8.3 million or 47% compared to the first quarter of 2020. The year over year growth […]
today announced its financial results for the first quarter ended March 31, 2021. The Company’s financial statements for the three months ended March 31, 2021, as well as the comparative periods for 2020, have been prepared and presented under United States Generally Accepted Accounting Principals , as the full acquisition of the remaining interest in […]
BDSA data for March showed a rebound in most states from the slowing of sales in February, particularly in California, which grew 26.5% from a year ago. The model was launched in March 2017 targeting long-term investors seeking to invest in leading cannabis stocks with low portfolio turnover and has gained 415.8% since inception compared […]
During April the index included 34 companies initially, including 30 multi-state operators and 4 focused solely on CBD extracted from industrial hemp. The four best performing stocks in April included Cansortium . Terra Tech is up 72% year-to-date, SLANG Worldwide is down 4%, and Stem Holdings is up 19%. …Read the full story
Each qualifying company must trade at a minimum of $0.50 per share with a minimum average daily trading value of $500K at the time the index is rebalanced each month. Be sure to bookmark the page to stay current on ancillary cannabis company stock price movements within the day or from day-to-day. …Read the full […]
New Cannabis Ventures maintains seven proprietary indices designed to help investors monitor the publicly-traded cannabis stocks, including the Global Cannabis Stock Index as well as the Canadian Cannabis LP Index and its three sub-indices. …Read the full story
