Canadian Cannabis Market Overview
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What’s Happening…
Abcann Global Corporation (ABCN) $0.98 (-$0.01 or 1%)
No news posted
Aphria (APH) $5.42 (+$0.05 or 0.9%)
Aphria announced and then confirmed today its first collaborative initiative with Labourers' International Union of North America (LiUNA), partnering with LiUNA Local 625 as its primary provider of medical cannabis to members in Essex and Kent counties. Local 625's membership approximates 1,600 plus eligible dependents, who will have immediate access to full coverage for certain medical cannabis products under the Aphria brand
Aurora Cannabis (ACB) $2.16 (+$0.06 or 2.8%)
No news posted
CanniMed (CMED) $8.45 (+$0.45 or 5.6%)
No news posted
Cannabis Wheaton Income (CBW) $0.96 (-$0.02 or 2%)
No news posted
Canopy Growth Corp (WEED) $7.95 (+$0.13 or 1.6%)
Canopy Growth releases update of their Global Operations
Highlights:
• Renaming of German subsidiary to Spektrum Cannabis Germany GmbH and confirmation of ongoing sales of Tweed-branded varieties in Germany with sales growth accelerating rapidly month over month.
• Establishment of Spectrum Chile SpA for entry into Chilean market.
• Tweed and Tweed Farms facilities have received certificates of Good Manufacturing Practices (GMP).
• Launch of first-to-market easy to consume softgel capsules, now available in Canada.
• The introduction of our first Craft Grow partner product into the Tweed Main Street store, now serving over 58,000 customers an industry-leading variety of 31 available products including seeds, dried flowers, oils, and softgel capsules across eight diverse brands.
• Commitment to medical patients that those registered at Tweed Main Street on July 1, 2018 will have priority access to cannabis over future recreational consumers.
• Canopy Rivers – On Friday, June 16th, 2017, Canopy Rivers closed an offering to raise aggregate gross proceeds of $36,230,485. The offering was led by GMP Securities L.P. ("GMP" or the "Sole Lead Agent") and included Cormark Securities Inc., INFOR Financial Inc., and PI Financial Corp. (collectively, with the Sole Lead Agent, the "Agents"). This offering increased the cash resources available for Canopy Rivers to provide growth capital and strategic support within the regulated cannabis industry to approximately $56 million.
Cronos Group (MJN) $1.70 (+$0.01 or 0.5%)
No news posted
Emerald Health Botanicals (EMH) $1.23 (+$0.03 or 2.5%)
No news posted
Hempco Food & Fiber Inc. (HEMP) $0.35 (-$0.03 or 7.8%)
No news posted
Hydropothecary (THCX) $1.63 (+$0.01 or 0.6%)
No news posted
Maple Leaf Green World (MGW) $0.395 (-$0.015 or 3.6%)
No news posted
MedReleaf Corp. (LEAF) $8.65 (-$0.10 or 1.1%)
MedReleaf announced today that it has become the first medical cannabis producer to receive an International Council on Harmonization certification for Good Manufacturing Practices
MedReleaf announced that it will hold a conference call to discuss its fourth quarter and fiscal year 2017 results on Wednesday, June 28, 2017 at 8:00 a.m. (ET).
Newstrike (HIP) $0.375 (-$0.005 or 1.3%)
No news posted
OrganiGram (OGI) $2.24 (+$0.02 or 0.9%)
No news posted
Radient Technologies Inc. (RTI) $0.56 (+$0.00 or 0%)
No news posted
Supreme Pharmaceuticals (FIRE) $1.30 (+$0.06 or 4.8%)
Management understands that Health Canada is in the process of testing dried cannabis samples provided by 7ACRES in relation to its application to add the activity of sales to the License. Random samples of cannabis plant leaves produced by 7ACRES were tested and show "no signs of contamination." Supreme believes that an update regarding its application for the sales activity will be provided in the coming weeks. Furthermore, Health Canada has informed Supreme that the License will be amended in the near term in order to permit 7ACRES to sell cannabis seeds and clones to other licensed producers.
Resources:
Marketwired (APH)
Canada Newswire (WEED)
Canada Newswire (LEAF)
MarketWired (FIRE)
THIS IS NOT FINANCIAL ADVICE
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