Author: Alan Brochstein, CFA
Following up on yesterday’s report that CannLabs had closed its Colorado testing lab, we note that the company has filed a brief statement with the SEC via Form 8-K: On...
We reported earlier this month that Denver, fearing saturation of the cannabis market, was contemplating extending by two years a moratorium on new licenses set to expire on January...
We are hearing that testing lab CannLabs has closed its sole facility at 3888 E. Mexico in Denver, Colorado. According to our sources, all of the employees have been...
The Florida Health Department has awarded 5 licenses for low-THC cannabis oil that is part of the state’s Compassionate Use medical marijuana program after reviewing 28 applications. The program...
I was fortunate to meet Constance Finley, CEO and Founder, Constance Therapeutics at a conference in Denver in October. Already familiar with her as a leader in the industry, my quick...
GW Pharma (GWPH) plunged today before quickly recovering some of the losses following the release of an abstract of a study published to the American Epilepsy Society website in...
Update: The company has provided the following statement subsequent to the publication of this article: Bio-Tech Medical Software, Inc. dba BioTrackTHC™, the leading provider of seed-to-sale cannabis tracking software...
Surna (OTC:SRNA), the Boulder-based cannabis technology company, saw explosive growth in its Q3, with sales of $3.6mm. While the company reported an operating and net loss, it was able...
Cannabis business accelerator CanopyBoulder is now taking applications for its next class. As it winds up its Fall program, it plans to offer two separate programs beginning in February,...
Toronto-based Mettrum Health reported Fiscal 2016 Q2 results after the close. Sales of $1.711mm for the quarter ending in September more than doubled from the same period a year...
MassRoots (OTC: MSRT) just issued a press release indicating that it has raised over $1mm. The company filed a prospectus on 11/09 after the close of trading indicating that it...
This morning, MassRoots (OTC:MSRT) shareholders learned that the SEC has allowed it to sell up to 6.2mm units consisting of shares of stock and warrants to buy additional stock....
Scotts Miracle-Gro (NYSE:SMG), the Ohio-based lawn and garden company that acquired cannabis industry supplier General Hydroponics earlier this year for $130mm, reported its 4th-quarter earnings for the year ending September...
Alan Brochstein, CFA, discussed the “State of the Legal Canadian Cannabis Industry” at the eMoneyShow Virtual Conference on 10/30/15: One of the biggest barriers to investing in cannabis companies is that...
Health Canada, which oversees Canada’s medical marijuana program, released quarterly data on 10/21 for the quarter ending 6/30. The timing was quite odd, coming just a day after the...
In a first-of-its-kind type of transaction, a U.S. publicly-traded company has acquired a Canadian licensed producer of cannabis, Hydropothecary, on the morning after the change in the government leadership that suggests the...
Seed CX is currently raising capital to fund the development of its cannabis derivatives trading platform. It applied to the CFTC this summer and intends to trade hemp...
The Denver Post’s cannabis-focused media property, The Cannabist, will present its inaugural Cannabist Business Awards in December, with a goal to “recognize businesses that are excelling Colorado’s marijuana industry and...
Stephen Keen, the CEO of Boulder-based Surna, Inc. (OTC: SRNA), spoke at the National Cannabis Summit in Denver on October 12th. Keen, who merged Hydro Innovations, which he founded...
One of the highlights of the National Cannabis Summit in Denver was the 90-minute panel entitled “Investing in the Canadian Cannabis Sector”. The participants included the CEO of merchant...
One of the better attended panels at the National Cannabis Summit in Denver was yesterday’s “Opportunities for Accredited Investors to Invest in Private Cannabis Startups.” Brendan Kennedy, the CEO...
Publicly-traded CannLabs (OTC: CANL), which operates what the company claims is the leading Colorado cannabis testing lab, continues to generate significant controversy. Last week, it disclosed that its founder and...
New Cannabis Ventures has just learned that Colorado cannabis testing lab leader CannLabs was issued an “Order to Show Cause, Notice of Hearing, and Notice of Duty to Answer”...
Genifer Murray, founder and President of CannLabs and a pioneer in Colorado’s cannabis industry, has been forced out of the company, which had previously described her as a “well-respected voice and...
Colorado’s medical marijuana industry remains buoyant, continuing to grow despite the legal or “recreational” industry dramatically exceeding it in size. Source: The Cannabist At 3PM on Tuesday, September 22nd, the...
