Aphria Inc. (TSX:APH) shares jumped over 15 percent in trading on Wednesday following reports that tobacco giant Altria Group Inc. is talking with the cannabis producer about possibly acquiring a stake in the company.
Before the recent uptick, the marijuana stock market ran quite cold over the first half of 2018, the result of a mixed bag of circumstance. Investors blamed everything from a market correction to US Attorney General Jeff Sessions’ rescinding of the Cole Memo...
In early July the New York State Department of Financial Services issued a memo giving guidance to banking institutions hesitant to provide financial services to the medical marijuana industry.
Aurora Plans Hostile Takeover of CanniMed CanniMed Therapeutics Inc. (TSX:CMED) rejected a merger offer from Aurora Cannabis Inc. (TSX:ACB) The move set in motion a planned hostile takeover of the Canadian cannabis company. It follows CanniMed’s announcement of the acquisition of Newstrike Resources Ltd. (CVE:HIP) for CAD $248 million. Aurora will go straight to CanniMed shareholders. They will argue a merger creates more value and an “expanded international presence.”
Cannabix Technologies Inc.’s (CSE:BLO) (OTC PINK:BLOZF) recent patent filings for a cannabis-based Ignition Interlock Device have investors salivating. There is a lot of financial potential in the new technology. Stock prices rose almost 50 percent on the news in early November, from $0.45 a share to $0.70 a share. Over 1 million shares traded during that time.