20h ago
Canadian retailers are making their presence known south of the border, seeking additional growth while attempting to establish a foothold ahead of U.S. legalization plans.
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Wrigley Heir latest to tap SPAC frenzy to take U.S. pot firm public
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MARIJUANA STOCK WATCHLIST
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Feb 26
Beckham-backed cannabinoid firm Cellular Goods soars in U.K. IPO
Cellular Goods Plc, which is backed by retired soccer star David Beckham, surged more than fourfold as it started trading in London after raising 13 million pounds ($18.4 million) in an initial public offering, part of a rush of cannabis-related listings in the City.
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Feb 25
13:57Biotech firms that sound like cannabis stocks join Frenzied pot rally
As pot stocks surged this year amid nationwide legalization hopes, a relatively obscure group of biotechnology companies have echoed their moves.
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Feb 22
A recreational marijuana marketplace, cannabis decriminalization and looser penalties for underage possession of the drug and alcohol became law Monday in New Jersey, more than three months after voters overwhelmingly approved a ballot question to legalize adult use of the drug.
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Feb 22
3:24Wrigley heir taps SPAC to take pot company public at US$1.9B valuation
A U.S. cannabis company led by the heir to the Wrigley's chewing gum fortune struck a deal Monday to go public through a special purpose acquisition company (SPAC) in a move that values the pot firm at US$1.88 billion.
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Feb 19
Cannabis Canada Weekly: Canadians doubled pot purchases to $2.6B in lockdown-filled 2020
Canadians bought $2.6B of cannabis in 2020 amid slowing pace of growth Canadians bought more than $2.6 billion worth of legal recreational cannabis products in 2020, more than double the amount purchased the year before, according to year-end Canadian retail sales figures from Statistics Canada.
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Feb 19
New Jersey’s long-delayed effort to legalize recreational marijuana has veered again into chaos, despite voter approval and a pause on pot prosecutions that has left some offenders in limbo.
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Feb 17
3:28Tilray reports profitable Q4, says Aphria merger is on track
Tilray Inc. reported its first profitable quarterly period on Wednesday, ahead of its planned merger with Aphria Inc.
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Feb 17
6:33U.S. cannabis firm Verano goes public in Canada to aid growth
Cannabis operator Verano Holdings Corp. is poised to go public as a growing number of companies seek financing and weigh deals to capitalize on the sector’s rapid growth.
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Feb 16
3:28Ex-NBA star Chris Webber, JW Asset launch US$100 million cannabis fund
Former NBA All-Star player Chris Webber is launching a private-equity fund with US$100 million in assets to support entrepreneurs from minority groups in the cannabis industry.
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