Stocks

The acquisition deal between MedMen and PharmaCann has been called off; the companies announced the deal’s termination as “mutual.”

A class-action lawsuit against Sundial Growers Inc. in Canada claims the company’s U.S. stock prices were affected by an unreported incident where $1.9 million worth of cannabis was returned to the company due to poor quality.

The first U.S. patent for a specific hemp cultivar has been awarded to Charlotte’s Web Holdings, creator of the renowned CBD-rich strain of the same name.

Aurora Cannabis has announced a new brand — Aurora Hemp — after acquiring industrial hemp company Hempco Food and Fiber Inc.

Following a failed Health Canada inspection, cannabis producer CannTrust has received a non-compliant rating and must now propose a remediation plan to regulators.

Canopy Growth has inked a deal to acquire two research firms, pending regulatory approval.

The auditor for CannTrust Holdings has withdrawn its audits for 2018 and Q1 2019 after Health Canada orders the company to hold 5000 kg of inventory.

Details have emerged about the CBD trials partnership between the Ultimate Fighting Championship and Canada’s Aurora Cannabis; the trials will investigate CBD’s effectiveness in wound care, recovery, pain treatment, and more.

Aurora Cannabis Inc. has secured an exclusive license to provide Italian pharmacies with medical cannabis products.

Curaleaf Holdings Inc. will acquire GR Companies Inc. in an $875 million cash and stock deal; the sale will create the largest cannabis company in the world by revenue, the company announced.

Canopy Growth’s long-time CEO Bruce Linton is officially out after the Canadian company saw significant losses this year. Linton says the decision stemmed from company directors that were installed by Constellation Brands, an alcohol distributor with 38 percent ownership of the company.

Cannabis track-and-trace compliance software company MJ Freeway has rebranded as Akerna following a merger with MTech Acquisition Corp.; the new company begins trading on the NASDAQ today.

Harborside Inc. officially started trading on the Canadian Securities Exchange on Monday, marking the company’s successful transition into a public equity firm.

Canadian LP Canopy Growth has agreed to purchase the multi-state cannabis operator Acreage Holdings for a whopping $3.4 billion — but not until cannabis is federally legalized in the U.S.

The former Vermont governor was against all forms of legalization during his time as governor from 1991-2003 but says he has since changed his position.

The deal, which is expected to be finalized in June, would give Origin House shareholders 0.8428 of Cresco stock for each share held.

The agreement will establish a new company, Houseplant, which plans to offer three strains – Houseplant Sativa, Houseplant Hybrid, and Houseplant Indica – over the coming months.

The Canadian cannabis exchange-traded fund Horizons Life Sciences Index ETF could start adding U.S. firms to its roster of publicly traded cannabis companies.

In the first public cannabis listing of 2019, Vireo has listed on the Canadian Securities Exchange in Toronto under the ticker symbol “VREO.”

Harvest Health and Recreation announced it is acquiring Verano Holdings in the largest U.S. cannabis acquisition to date at $850 million.

A Colorado bill that would allow for publicly-traded cannabis companies and lower the bar for passive ownership of those companies has cleared its first legislative hurdle and seems likely to become law.

Martha Stewart and Canopy Growth are teaming up to develop CBD products, starting with pet remedies, thanks to a referral from Snoop Dogg’s talent agency.

Tilray has acquired hemp company Manitoba Harvest in a bid to enter the U.S. market with CBD-only products.

Earnings-per-share projections for Canadian cannabis companies in the 2020 fiscal year have fallen significantly in the last 90 days. It’s unclear exactly why.