Stocks

Cannabis supply company Advanced Nutrients says a shipment worth $250,000 was stolen during transit from its Washington-based facility to a warehouse in Valencia, California.

Canopy Growth Corp. has announced a series of changes for the Canadian company, including shutting down all of its operations in Africa, moving to an asset-light model in Latin America, and exiting the U.S. hemp cultivation scene.

Aurora Cannabis Inc. announced a stock consolidation plan this week after its stock traded at less than $1 for over 30 days.

An early investor in Massroots is being sued by the SEC which may lead to forced repayment of $3.2 million in profits booked from 2015-2016.

Cannabis businesses in North America are beginning to experience financial fallout from the ongoing coronavirus pandemic.

High Times Holding Corp. has announced a deal to acquire California’s Humboldt Heritage Inc. and its subsidiaries Humboldt Sun Growers Guild and Grateful Eight LLC.

The Securities and Exchange Commission has launched a confidential inquiry of Cronos Group Inc, a Canadian cannabis company.

Bruce Linton, the renowned former CEO of Canopy Growth, has launched a new company focusing on hemp and CBD investment opportunities.

Hightimes Holding Corp. announced this week it has received a trading symbol from the Financial Industry Regulatory Authority, paving the brand’s way toward a public listing.

Aurora Cannabis has reported a net loss of about $980 million in the second fiscal quarter of 2020. Shares in the company were on the rise this week, regardless.

Aurora Cannabis co-founder and CEO Terry Booth announced his retirement yesterday; meanwhile, the company announced it was implementing a new “business transformation plan” amid rumors of impending layoffs.

Adam Bierman — CEO and co-founder of MedMen Enterprises — is stepping down from his official duties starting tomorrow and has agreed to surrender his super-voting shares back to the company.

The CEO of MedMen went on Reddit Friday to answer questions from the general public. After about an hour, he ended the session, leaving numerous questions unanswered.

MedMen has proposed giving its vendors shares in the company instead of cash in an attempt to reduce overhead and conserve funds after its “restructuring” last year.

Aurora Cannabis has listed its Exeter, Ontario-based greenhouse for sale at an asking price of C$17 million, a potential sign of financial stress for the Canadian firm.

Canada’s Tilray was targeted by a $300 million lawsuit from Florida soap company Trimax, who accused the cannabis company of trying to bankrupt one of their subsidiaries in hopes of getting a cheaper acquisition.

Colorado businessman and author Jeffrey Friedland has been issued a $4.1 million fine for allegedly misleading investors about Israeli cannabis company OWC Pharmaceutical Research.

Hightimes Holding Corp. disclosed doubts about the High Times magazine’s ability to continue operations due to “recurring operating losses, net operating cash flow deficits, and an accumulated deficit.”

Recent surveying data suggests that investors are evenly split between whether or not they would ever invest in the cannabis space.

Bruce Linton — who was ousted from the CEO position at Canopy Growth Corp. in July — was announced this week as the new executive chairman at Vireo Health.

High Times CEO Kraig Fox confirmed the restructuring in an email to Ganjapreneur. Going forward, DOPE’s content will be produced at the High Times Los Angeles headquarters.

Canada-based Columbia Care, a global cannabis company, is set to acquire Colorado-based The Green Solution in a mostly stock deal worth $140 million.

Heco Corp., a licensed cannabis producer in Canada, just laid off about 200 workers — including some executive positions — in order to adjust “to a changing market and regulatory environment.”

The United Kingdom has given a license to Canada’s Canopy Growth that allows the company to import bulk medical cannabis products into the UK.