Canopy Growth Corp. Gets Ebbu Inc.

Canopy Growth Corp. Gets Ebbu Inc.

by | Oct 19, 2018 2:10 pm | Pharmaceuticals

October 17, 2018 was a big day for Canada, which officially allowed adult recreational cannabis use across all provinces beginning at midnight. There was a flurry of deal making in the week leading up to the event, mostly from MedMen Enterprises (OTCQB: MMNFF) here in the States, as it snapped up dispensaries and their licenses. Up in Canada, Canopy Growth Corporation (NYSE: CGC) made its own acquisition. Canopy Growth, based in Smith Falls, Ontario, is a global cannabis and help company with a current market cap of  nearly $10.7 billion. On a trailing 12-month basis, it generated revenue of $66.1 million and a net loss of $106.4 million, so you can see there are some investors... Read More »
Canopy Growth Corp. Gets Ebbu Inc.

Cannabis Cultivators Keep Growing in October

by | Oct 12, 2018 3:06 pm | Pharmaceuticals

The medical marijuana market is catching fire in the United States. Less than two weeks into the month of October, MedMen Enterprises (CSE: MMEN) has notched up four deals, and market giant Tilray, Inc. (NASDAQ: TLRY) has announced one. MedMen, based in Culver City, California, is a leading cultivator, producer and retailer of state-sanctioned cannabis in the United States. At the beginning of October, it operated 18 licensed cannabis facilities in California, Nevada and New York, but that list keeps growing. Two of its recent targets are in Illinois, one in Arizona and one in California. The largest of the MedMen deals (to disclose a price) was its acquisition of PharmCann LLC, one of the... Read More »