by InfluencER | Feb 12, 2021 | Investors
A political shift in the United States has unlocked an estimated $1.38 billion jackpot for struggling pot producers who have cashed in on a surge in their shares since President Joe Biden’s election in November. Cannabis producers have issued stock worth this amount...
by InfluencER | Feb 12, 2021 | Investors
It seems that after a hard fight for GameStop stocks and the RobinHood scandal, investors from Reddit have decided to bet on something far more relaxing. American cannabis companies experienced a major surge and then a dramatic drop over the week when Reddit investors...
by InfluencER | Feb 11, 2021 | Investors
Specialty real estate investment trust Power REIT, which has a portfolio that includes marijuana production facilities, raised $37 million through a rights offering that sold roughly 1.4 million shares at $26.50 per share. “The capital generated from the rights...
by InfluencER | Feb 10, 2021 | Investors
Cannabis industry stocks soared on Tuesday as industry leaders made groovy predictions about their financial prospects and marijuana legalization in Washington. Shares in Canadian grower Tilray finished up more than 40 percent on Tuesday after Chief executive Brendan...
by InfluencER | Feb 10, 2021 | Investors
A milestone event for the UK and European industry. MGC Pharmaceuticals‘ stock price is excepted to rise after its pre-market placement was markedly oversubscribed. The company’s 441m shares were placed at £0.01475 – giving it a value of £6.5m. The two dozen-or-so...
by InfluencER | Feb 9, 2021 | Investors
Jazz Pharmaceuticals’ $7.2-billion purchase of GW Pharmaceuticals last week is the biggest tie-up yet for the cannabis industry. And it’s probably just the beginning. The blockbuster deal, which dwarfs Tilray Inc. and Aphria Inc.’s $3.8-billion merger as well as...
