Cronos Group Forms Cross-Border JV With U.S. Cannabis Company
In preparation for the upcoming cannabis legalization in Canada, licensed producer Cronos Group Inc. (TSX-V:CRON) has formed a cross-border joint venture with MM Enterprises USA LLC, a leading U.S. cannabis company with facilities in California, ... [Read]
Nutritional High Closes Acquisition of Calyx Brands
Nutritional High International Inc. (CSE:EAT) has closed its acquisition of Calyx Brands Inc., a leading distributor of cannabis products throughout California. Calyx also has conditional approval for a Distributor and Transporter Permit issued by the ... [Read]
Cannabis Consolidation Continues: Aphria to Buy Nuuvera for $826 Million
As part of a growing trend of consolidation in the Canadian cannabis market companies are positioning themselves ahead of the upcoming legalization. Aphria Inc. (TSX:APH) has now agreed to buy Nuuvera Inc. (TSX-V:NUU) for $8.50 per share, ... [Read]
How The Cannabis Industry Shapes Up Following Aurora-CanniMed Deal
A $22.6 Billion Industry Is Cooking Up Following yesterday’s announcement that marijuana producer Aurora Cannabis Inc. (TSX:ACB) will buy competitor CanniMed Therapeutics Inc. (TSX:CMED) in a $1.1 billion dollar deal, the Canadian cannabis industry is ... [Read]
Aurora Cannabis to Buy CanniMed for $1.1B, Creating the World’s Biggest Marijuana Producer
Aurora Cannabis Inc. (TSX:ACB), Canada’s second-largest marijuana producer, has finally agreed to acquire CanniMed Therapeutics Inc. (TSX:CMED) in a cash-and-stock deal worth $1.1 billion. This would create the world’s largest weed producer with a combined ... [Read]
Market Movers: Leagold Mining to Make Offer for Brio Gold
Leagold Mining Corp. (TSX:LMC) intends to make an offer to acquire all the shares of Brio Gold Inc. (TSX:BRIO) at $2.80 each on or before February 28. This offer represents a 57% premium over Brio ... [Read]
Mogo Finance Creates Blockchain Subsidiary, To Begin Bitcoin Mining
Online lender, Mogo Finance Technology Inc. (TSX:MOGO) has created a new subsidiary named Mogo Blockchain Technology Inc. to serve as the main vehicle for Mogo’s blockchain operations, including new product development and strategic partnerships. Mogo ... [Read]
Market Movers: Victory Square Invests In Gibraltar’s Rock Token ICO
Victory Square Technologies Inc. (CSE:VST) has become an early investor in the Gibraltar Blockchain Exchange (GBX), a subsidiary of the Gibraltar Stock Exchange (GSX), by investing US$150,000 into the upcoming Rock Token ICO. In turn, ... [Read]
HIVE Blockchain Begins Ethereum Mining In Sweden
HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTC:HVBTF) has completed phase I of a multi-phase buildout of a large-scale GPU-based mining complex in Sweden. The company has now begun Ethereum mining operations at the facility, which is also ... [Read]
Heritage Cannabis Holdings — Newest Entrant Into The Canadian Cannabis Market
Meet Heritage Cannabis Holdings Corp. (CSE:CANN), the newest company to enter the blazing hot Canadian cannabis market. The company was previously called Umbral Energy Corp. (CSE:UMB) and focused mainly on mineral exploration in Quebec. In ... [Read]