Stocks

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.

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The auditor for CannTrust Holdings has withdrawn its audits for 2018 and Q1 2019 after Health Canada orders the company to hold 5000 kg of inventory.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