Interview https://www.benzinga.com/views/taxonomy/term/125566 en Investment Firm Launches Cannabis REIT, Aims To Solve Capital Dilemma https://www.benzinga.com/markets/cannabis/18/08/12200579/investment-firm-launches-cannabis-reit-aims-to-solve-capital-dilemma <p>The Inception Companies, the private investment firm behind <strong>Medmen Enterprises Inc</strong> (CNSX: MMEN) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) and several other cannabis ventures, announced the <a href="http://www.inceptionreit.com/">launch of the Inception REIT</a> (I-REIT) to provide the cannabis industry with real estate debt and equity capital solutions.</p> <p>REITs, or real estate investment trusts, are companies that own or finance income-producing real estate.</p> <h3>What Happened</h3> <p>I-REIT offers medicinal and adult-use cannabis businesses senior debt originations, capital improvement financings and sale-leasebacks, essentially providing access to capital and enabling redeployment into business activities without diluting equity.</p> <p>Real estate is the &quot;lifeblood&quot; of the cannabis sector, and a key barrier for scaling brands and operating businesses, I-REIT CEO Richard Acosta told Benzinga.</p> <p>&quot;Due to current federal cannabis laws, many operators have acquired their real estate assets with cash and have significant capital locked up in those investments. We see this as a huge opportunity, not just to unlock these funds for growing their core businesses ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12200579/investment-firm-launches-cannabis-reit-aims-to-solve-capital-dilemma alt=Investment Firm Launches Cannabis REIT, Aims To Solve Capital Dilemma>Full story available on Benzinga.com</a></p> Cannabis I-REIT IIPR Inception REIT MMNFF News REIT Richard Acosta The Inception Companies Top Stories Exclusives Markets Interview Real Estate IIPR MMNFF News Cannabis REIT Top Stories Exclusives Markets Interview Real Estate Benzinga Tue, 14 Aug 2018 15:42:42 +0000 Elizabeth Balboa 12200579 at https://www.benzinga.com The Tiger Woods 'Halo Effect' Drives Up PGA Championship Ratings https://www.benzinga.com/news/18/08/12193764/the-tiger-woods-halo-effect-drives-up-pga-championship-ratings <p>If there were any lingering doubts about Tiger Woods&#39; popularity, they weren&rsquo;t evident at the PGA Championship Sunday in St. Louis.</p> <p>The golfing legend may not have won, but he stole the show and virtually of all thunder from eventual winner Brooks Koepka.</p> <p>The Tiger Woods <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/04/11492321/tiger-woods-still-has-halo-effect-on-tv-ratings">&#39;halo effect&#39; </a>lives on. TV ratings <a href="https://deadline.com/2018/08/tiger-woods-pga-championship-ratings-cbs-1202444522/">were up 69 percent </a>from last year&#39;s PGA Championship. The event, broadcast on <strong>CBS Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbs#NYSE">CBS</a>) saw its highest ratings since 2009, when Woods lost his chance for a 15th major to unknown Y.E. Yang.</p> <blockquote class="twitter-tweet"><p>Seven of the nine highest <a href="https://twitter.com/hashtag/PGAChampionship?src=hash&amp;ref_src=twsrc%5Etfw">#PGAChampionship</a> overnight ratings since at least 1996 have come in years when Woods won or finished second. <a href="https://t.co/rc30GzpcSC">pic.twitter.com/rc30GzpcSC</a></p> <p>&mdash; Sports Media Watch (@paulsen_smw) <a href="https://twitter.com/paulsen_smw/status/1029025141236424705?ref_src=twsrc%5Etfw">August 13, 2018</a></p></blockquote> <h3>&#39;It&#39;s Like The Old Days&#39;</h3> <p>&ldquo;Yesterday, Tiger had his patented Tiger charge and there was a huge spike in ratings. Despite ...</p><p><a href=https://www.benzinga.com/news/18/08/12193764/the-tiger-woods-halo-effect-drives-up-pga-championship-ratings alt=The Tiger Woods &#039;Halo Effect&#039; Drives Up PGA Championship Ratings>Full story available on Benzinga.com</a></p> Brad Adgate Brooks Koepka CBS CBS Sports Fox FOXA Golf News Tiger Woods Sports Top Stories Exclusives Media Interview General CBS US1248572026 FOXA US90130A1016 News Sports Top Stories Exclusives Media Interview General Benzinga Mon, 13 Aug 2018 19:30:17 +0000 Brett Hershman 12193764 at https://www.benzinga.com S3 Partners: Tesla Shorts Haven't Gone Anywhere https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12184287/s3-partners-tesla-shorts-havent-gone-anywhere <p><strong>Tesla, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) has been on the move this week, surging as high as $387.46 following a tweet by CEO Elon Musk that he had &ldquo;funding secured&rdquo; to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12166002/what-wall-street-is-saying-about-musk-taking-tesla-priv">take the company private</a> at a price of $420 per share.</p> <p>In the days following Musk&rsquo;s tweet, however, Wall Street demonstrated some major skepticism about Musk&rsquo;s claims, and Tesla&rsquo;s massive hoard of short sellers appear to be dismissing them all together.</p> <h3>Short Sellers Sticking Around</h3> <p>Financial technology and analytics firm <a href="https://www.s3partners.net/">S3 Partners</a> found no evidence that Tesla shorts are exiting their positions in a meaningful way this week. According to S3 analyst Ihor Dusaniwsky, it has been business as usual for Tesla shorts.</p> <p>&ldquo;I have not seen significant short covering in Tesla since Elon ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12184287/s3-partners-tesla-shorts-havent-gone-anywhere alt=S3 Partners: Tesla Shorts Haven&#039;t Gone Anywhere>Full story available on Benzinga.com</a></p> Analyst Color Elon Musk Ihor Dusaniwsky S3 Partners TSLA Short Ideas Top Stories Exclusives Trading Ideas Interview TSLA US88160R1014 Analyst Color Short Ideas Top Stories Exclusives Trading Ideas Interview Benzinga Sat, 11 Aug 2018 18:01:02 +0000 Wayne Duggan 12184287 at https://www.benzinga.com Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week https://www.benzinga.com/markets/cannabis/18/08/12186608/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-we <p>It&rsquo;s the last week before the Benzinga <a href="https://www.benzingacannabisconference.com/">Cannabis Capital Conference</a>, the premier gathering of cannabis entrepreneurs and investors in North America, which will take place in Toronto next Thursday and Friday.</p> <p><strong>El Grupo Daabon</strong>, the largest organic agriculture company in South America,&nbsp;entered&nbsp;into joint venture with Canada-based Avicanna to cultivate and process cannabis. Daabon is now the <a href="https://www.benzinga.com/news/18/08/12132958/daabon-strikes-deal-with-avicanna-becoming-the-largest-agro-company-to-enter-the">largest agro company</a> in the world with an active participation in the marijuana industry.</p> <p>On the earnings front, we saw multiple companies report results, including <strong>GW Pharmaceuticals </strong>and <strong>Insys Therapeutics</strong>.</p> <p>&ldquo;It wasn&#39;t the numbers that stood out but their other comments in these reports,&rdquo; Debra Borchardt, CEO of Green Market Report told Benzinga. &ldquo;For GW Pharmaceuticals, that company insisted that cannabis will be rescheduled in order for its drug Epidiolex to be launched. So far there has been no word from the FDA regarding a move like this. With Insys, it was their decision to settle with the DOJ for its kickback scheme to the tune of $150 million to be paid over the next five years.&rdquo;</p> <p>The other big news this week was the <a href="https://www.benzinga.com/news/18/08/12148550/todays-top-marijuana-stock-news-surterras-65m-raise-gtis-ceo-departure-avicanna-">addition of chewing gum heir</a> William Wrigley to the board of Surterra Wellness. &ldquo;He also helped them raise $65 million,&rdquo; Borchardt added.</p> <h3><strong>Marijuana Indexes &amp; ETFs</strong></h3> <p>In the capital markets realm, the <strong>United States Marijuana Index, </strong>which tracks 18 of the largest marijuana stocks in the U.S., gained roughly 4 percent this week, while the <strong>North American Marijuana Index</strong>, which also includes Canadian stocks, surged about 2.6 percent.*</p> <p>Over the last five trading days, the <strong>Horizons Marijuana Life Sciences Index ETF</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmlsf#OTC">HMLSF</a>) (TSE:HMMJ) gained 0.4 percent, while the <strong>ETFMG Alternative Harvest ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>) lost 0.8 percent. The <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) closed the week almost flat.</p> <h3><strong>Stock Moves</strong></h3> <p>Here are some of the top marijuana stocks (market cap above $100 million) in U.S. exchanges and how the performed over the last five trading days:</p> <ul> <li><strong>22nd Century Group Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NYSE">XXII</a>): up 3 percent</li> <li><strong>Aphria Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aphqf#OTC">APHQF</a>): down 1.5 percent</li> <li><strong>Aurora Cannabis Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/acbff#OTC">ACBFF</a>): down 7.7 percent</li> <li><strong>CannTrust Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnttf#OTC">CNTTF</a>): up 2.5 percent</li> <li><strong>Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>): up 7.6 percent</li> <li><strong>Cronos Group Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>): up 1.6 percent</li> <li><strong>Green Organic Dutchman Holdings Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgodf#OTC">TGODF</a>)<strong> </strong>down 3.3 percent</li> <li><strong>Green Thumb Industries Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) down 8.3 percent</li> <li><strong>GW Pharmaceuticals PLC- ADR </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>): up 3.5 percent</li> <li><strong>Hiku Brands Company Ltd</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/djacf#OTC">DJACF</a>): up 10.4 percent</li> <li><strong>iAnthus Capital Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>): down 5 percent</li> <li><strong>Medical Marijuana Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mjna#OTC">MJNA</a>) down 7.3 percent</li> <li><strong>MedMen Enterprises Inc.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) down 1.6 percent</li> <li><strong>Scotts Miracle-Gro Co </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>): down 4.3 percent</li> <li><strong>THC Biomed Intl Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/thcbf#OTC">THCBF</a>): down 3.3 percent</li> <li><strong>Tilray Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) up 6 percent</li> <li><strong>Zynerba Pharmaceuticals Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>): up 16.3 percent</li> </ul> <h3><strong>In Other News</strong></h3> <p><strong>MedMen </strong><a href="https://www.businesswire.com/news/home/20180725005213/en/MedMen-Completes-Strategic-Investment-Lowell-Herb">recently completed</a> its investment in The Hacienda Company, which owns Lowell Herb Co, marking its first outside investment. David Elias, CEO of Hacienda, told Benzinga that, &ldquo;Given that MedMen is California&#39;s leading cannabis retailer, the fact that they choose Lowell as their first strategic brand investment is a huge honor and a big win for our company.&rdquo;</p> <p>Global cannabis brand&nbsp;<strong>Tikun Olam</strong>&nbsp;said it would be entering the Puerto Rican market through an exclusive licensing agreement with&nbsp;iaso Corporation.</p> <p>&ldquo;It is ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12186608/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry-this-we alt=Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week>Full story available on Benzinga.com</a></p> ACBFF APHQF ARNA AXIM CANN Cannabis Cannabis ETF cannabis news Cannabis Stock Index cannabis stocks CGC CNTTF CRON Debra Borchardt DJACF FB Green Market Report GTBIF GWPH HMLSF invest in marijuana ISOLD ITHUF KHRNF KSHB marijuana Marijuana ETF Marijuana Index Marijuana Money marijuana news marijuana stocks MEDFF MJ MJNA MMNFF MNTR MTEC News North American Marijuana Index PHOT Pot Stocks SGMD SMG SPY TGODF THCBF TLRY TRTC United States Marijuana Index XXII ZYNE Emerging Markets Specialty ETFs Markets Movers Trading Ideas Interview ETFs General SPY US78462F1030 ARNA US0400471027 SMG US8101861065 CGC MJNA US58463A1051 MNTR US5871831047 FB PHOT TRTC ITHUF XXII SGMD CNTTF GWPH CANN ZYNE THCBF ACBFF APHQF AXIM KSHB MJ DJACF MEDFF HMLSF CRON MTEC TGODF KHRNF MMNFF TLRY GTBIF ISOLD News Cannabis Specialty ETFs Emerging Markets Markets Movers Trading Ideas Interview ETFs General Benzinga Fri, 10 Aug 2018 20:31:59 +0000 Javier Hasse 12186608 at https://www.benzinga.com Wonder Women Of Weed: Tahira Rehmatullah, The Exec 'Creating An Ecosystem Of Like-Minded Cannabis Companies' https://www.benzinga.com/news/18/08/12156926/wonder-women-of-weed-tahira-rehmatullah-the-exec-creating-an-ecosystem-of-likemi <p><em>&ldquo;</em><a href="https://www.facebook.com/WeedWonderWomen/"><em>Wonder Women Of Weed</em></a><em>&rdquo;&nbsp;is a show co-hosted by Javier Hasse and Adelia Carrillo,&nbsp;</em><a href="http://www.benzinga.com/topic/wonder-women-of-weed"><em>featuring accomplished female leaders</em></a><em>&nbsp;in the cannabis industry. #WWoW is brought to you by a collaborative effort that includes Benzinga,&nbsp;</em><a href="https://www.facebook.com/PowerBlackBook/"><em>Industry Power Women&nbsp;</em></a><em>and </em><a href="https://www.directcannabisnetwork.com/wonder-women-of-weed-amanda-ostrowitz/"><em>Direct Cannabis Network</em></a><em>.</em></p> <p><em>This week, we present <strong>Tahira Rehmatullah</strong>, CFO at <strong>MTech Acquisition Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtec#NASDAQ">MTEC</a>) and Managing Director of <strong>Hypur Ventures</strong>.</em></p> <p>Tahira Rehmatullah is one of those inherently impressive people. She hasn&#39;t turned 40 yet, and already sits at higher management positions at two big companies, in addition to holding a Board of Directors seat with cannabis-focused Dope Media. Tahira has also been named one of the most powerful women in the cannabis business by <a href="http://fortune.com/2016/04/20/most-powerful-women-cannabis/">Fortune Magazine</a> and <a href="https://www.complex.com/life/2017/01/women-weed-industry/tahira-rehmatullah">Complex</a>.</p> <p>Prior to joining Hypur Ventures, Tahira served as General Manager of Marley Natural, where she was responsible for the brand&rsquo;s launch and managing day-to-day operations of the company. She was also an Investment Associate at Privateer Holdings, one of the first and best-known investment firms in the cannabis ...</p><p><a href=https://www.benzinga.com/news/18/08/12156926/wonder-women-of-weed-tahira-rehmatullah-the-exec-creating-an-ecosystem-of-likemi alt=Wonder Women Of Weed: Tahira Rehmatullah, The Exec &#039;Creating An Ecosystem Of Like-Minded Cannabis Companies&#039;>Full story available on Benzinga.com</a></p> Adelia Carrillo Cannabis cannabis news cannabis oil cannabis stocks Casa Verde Capital Complex Direct Cannabis Network Dope Media Fortune Magazine Ganja Hemp HMLSF Hypur Ventures Industry Power Women invest in marijuana is marijuana legal marijuana legal weed marihuana marijuana marijuana dispensary marijuana laws marijuana legalization marijuana legalize marijuana news marijuana states marijuana stocks marijuanas stock Marley Natural med marijuana medical medical cannabis medical marijuana medical marijuana stock medicinal marijuana MJ MTEC MTech Acquisition Corp pot Privateer Holdings Recreational Marijuana smoke weed smoking weed Tahira Rehmatullah THC weed weed legalization weed news weed plant weed stock Women In Cannabis Wonder Women of Weed WWoW Yale Yale University Movers & Shakers Top Stories Success Stories Markets Interview General MJ HMLSF MTEC Cannabis Movers & Shakers Top Stories Success Stories Markets Interview General Benzinga Fri, 10 Aug 2018 17:37:00 +0000 Javier Hasse 12156926 at https://www.benzinga.com International Cannabis Trade Explodes, Canada Capitalizes https://www.benzinga.com/markets/cannabis/18/08/12175292/international-cannabis-trade-explodes-canada-capitalizes <p>Cannabis is slowly taking root in increasingly tolerant communities. The incremental decriminalization or legalization of <a href="https://www.benzinga.com/investing/marijuana-stocks/">cannabis</a> across the world has fed an expanding international market trading the plant, its extracts and its end products.</p> <p>&quot;2018 has seen a lot of trends in cannabis, but the beginning of an international market infrastructure is one of the most promising features of the industry for investor interest,&rdquo; AxisWire CEO Cynthia Salarizadeh told Benzinga.</p> <h3>Where The Money Will Go</h3> <p>In the last year, Canada followed Uruguay to become one of just two nations to completely legalize marijuana, and Peru, Mexico and Chile legalized medical cannabis. Experts expect the south to attract global investments.</p> <p>&ldquo;Central and <a href="https://www.benzinga.com/general/biotech/18/05/11385764/why-cannabis-investors-are-eyeing-south-america">South America</a> are sleeping giants that could eventually become regional hubs ...</p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12175292/international-cannabis-trade-explodes-canada-capitalizes alt=International Cannabis Trade Explodes, Canada Capitalizes>Full story available on Benzinga.com</a></p> APHQF AxisWire Canada Cannabis CGC Cynthia Salarizadeh Emerging Markets Top Stories Markets Interview CGC APHQF Cannabis Emerging Markets Top Stories Markets Interview Benzinga Fri, 10 Aug 2018 11:46:37 +0000 Elizabeth Balboa 12175292 at https://www.benzinga.com Tidal Royalty Offers Insight Into Why Investor Strategy Can Be More Selective With A Booming Cannabis Industry https://www.benzinga.com/markets/cannabis/18/08/12175794/tidal-royalty-offers-insight-into-why-investor-strategy-can-be-more- <p><em>Cannabis investors can&#39;t afford to miss the&nbsp;<a href="http://bzcannabis.com/">Benzinga Cannabis Capital Conference</a>, a premier gathering of investors and entrepreneurs painting an honest picture of the opportunities and challenges in cannabis investing. Space is limited&mdash;get your tickets before they sell out.</em></p> <p><em>Ahead of the conference, we&rsquo;re interviewing the speakers who will deliver key insights on the cannabis space at the&nbsp;<a href="http://bzcannabis.com/">BZ Cannabis Capital Conference</a>. This installment features the&nbsp;<a href="https://www.tidalroyalty.com/">Tidal Royalty</a>.</em></p> <h2>What is the elevator pitch for your company?</h2> <p>Tidal Royalty is a leading provider of royalty financing to the U.S. legal cannabis* industry. Our team has built, led and advised some of the most iconic cannabis businesses in Canada and across the world. We leverage this expertise to identify exceptional licensed operators and provide them the financing they need to grow their business. The operators that we finance benefit from our non-dilutive capital, while allowing our investors to expose themselves to the top-line economic performance of a vetted portfolio of companies that will form the future of the transformative U.S. cannabis industry.</p> <p> <em>* Cannabis is currently ...</em></p><p><a href=https://www.benzinga.com/markets/cannabis/18/08/12175794/tidal-royalty-offers-insight-into-why-investor-strategy-can-be-more- alt=Tidal Royalty Offers Insight Into Why Investor Strategy Can Be More Selective With A Booming Cannabis Industry>Full story available on Benzinga.com</a></p> Benzinga Cannabis Capital Conference Cannabis Fintech Tidal Royalty Markets Interview Cannabis Fintech Markets Interview Benzinga Thu, 09 Aug 2018 15:53:25 +0000 Benzinga Events 12175794 at https://www.benzinga.com Emblem Releasing Cannabis-Based Oral Spray This Year, That's Just The Beginning https://www.benzinga.com/fintech/18/08/12158605/emblem-releasing-cannabis-based-oral-spray-this-year-thats-just-the-beginning <p><em>Cannabis investors can&#39;t afford to miss the&nbsp;</em><a href="http://bzcannabis.com/"><em>Benzinga Cannabis Capital Conference</em></a><em>, a premier gathering of investors and entrepreneurs painting an honest picture of the opportunities and challenges in cannabis investing. Space is limited&mdash;</em><a href="https://www.eventbrite.com/e/cannabis-capital-conference-2018-tickets-44926359952"><em>get your tickets before they sell out</em></a><em>.</em></p> <p><em>Ahead of the conference, we&rsquo;re interviewing the speakers who will deliver key insights on the cannabis space at the&nbsp;</em><a href="http://bzcannabis.com/"><em>BZ Cannabis Capital Conference</em></a><em>. This installment features</em>&nbsp;Larisa Bolivar<em>, co-founder and managing partner of <a href="https://emblemcannabis.com/">Emblem</a>.</em></p> <h2>What is the elevator pitch for your company?</h2> <p>Emblem is firmly committed to becoming a leading dose-controlled product development company in the cannabis sector. While cultivation is critical to our strategy, we have no ambition to be the largest grower in Canada. Rather, our vision is to lead the health &amp; wellness cannabis category across our three core pillars; 1. product innovation focused on unique patient delivery formats and ...</p><p><a href=https://www.benzinga.com/fintech/18/08/12158605/emblem-releasing-cannabis-based-oral-spray-this-year-thats-just-the-beginning alt=Emblem Releasing Cannabis-Based Oral Spray This Year, That&#039;s Just The Beginning>Full story available on Benzinga.com</a></p> Benzinga Cannabis Capital Conference Cannabis Fintech Interview Cannabis Fintech Interview Benzinga Tue, 07 Aug 2018 21:38:08 +0000 Benzinga Events 12158605 at https://www.benzinga.com Footwear Sector Could Be Headed For Ugly Back-To-School Season https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12140216/footwear-sector-could-be-headed-for-ugly-back-to-school <p>Back-to-school season could be an ugly one, <a href="https://twitter.com/NPDMattPowell/status/1024358765305327617">according to an industry expert</a>.</p> <p>Many&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/17/12/10855332/a-post-sneaker-world-how-small-footwear-brands-are-beat">smaller activewear brands</a>&nbsp;like&nbsp;Reebok,<a href="https://www.benzinga.com/news/17/11/10813099/how-changing-trends-resurrected-fila-as-a-fashion-brand"> Fila </a>and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11902763/puma-takes-over-nba-draft-conversation-with-basketball-">Puma</a> have been performing, but for the industry to do well as a whole, NPD Group&#39;s Matt Powell said big brands need to be showing growth.</p> <p>&ldquo;We are going into the season without any real hot item. The small brands are doing well, but it is not enough to offset the overall declines. In the second quarter, Nike brand sales were up but Jordan and Converse were down,&rdquo; Powell told Benzinga.</p> <p>In addition to the absence of a must-have item in the market, the rhetoric of the industry continues to be one of forcing performance products down consumers throats when it has<a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/06/11916345/ubs-shift-from-performance-to-sportswear-a-dominant-the?viewDesktop=1"> continually been demonstrated that sportswear</a> is what they continue to favor, Powell said.</p> <p>&quot;We are now in our fourth year of not having a single performance item trend positively, yet&nbsp;the brands seem to think the consumer wants performance.&quot;</p> <h3>&#39;The Culmination of The Athleisure Trend&#39;</h3> <p>Why do brands keep putting out performance products <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/05/11618726/under-armours-existential-crisis-niche-player-or-global">when they&#39;re simply not in fashion</a>?</p> <p>Performance is the heritage of major brands <strong>Under Armour Inc</strong> (NYSE: <a ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12140216/footwear-sector-could-be-headed-for-ugly-back-to-school alt=Footwear Sector Could Be Headed For Ugly Back-To-School Season>Full story available on Benzinga.com</a></p> Analyst Color Converse Fila FL Lauren Cassel Matt Powell Morgan Stanley News NKE NPD Group Reebok UAA Vans VFC Retail Sales Top Stories Exclusives Interview FL US3448491049 NKE US6541061031 VFC US9182041080 UAA News Analyst Color Retail Sales Top Stories Exclusives Interview Benzinga Tue, 07 Aug 2018 13:08:52 +0000 Brett Hershman 12140216 at https://www.benzinga.com Daabon Strikes Deal With Avicanna, Becoming The Largest Agro Company To Enter The Cannabis Industry https://www.benzinga.com/news/18/08/12132958/daabon-strikes-deal-with-avicanna-becoming-the-largest-agro-company-to-enter-the <p>A few months ago, Benzinga visited several countries in South America and subsequently published an article explaining <a href="https://www.benzinga.com/general/biotech/18/05/11385764/why-cannabis-investors-are-eyeing-south-america">why cannabis investors&rsquo; interest</a> in the region, especially in Colombia, was about to spike.</p> <p>In the weeks that followed, numerous U.S. and Canada-based marijuana companies announced deals to enter the Colombian market, with <strong>Aphria Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aphqf#OTC">APHQF</a>) spending almost $200 million and <strong>Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>) dropping close to $100 million.</p> <p>On Monday, Benzinga learned about a new multimillion-dollar deal in Colombia: <strong>Avicanna Inc.,</strong> the first and only cannabidiol company <a href="http://www.benzinga.com/general/biotech/17/07/9811029/meet-avicanna-the-first-marijuana-company-to-be-accepted-into-johnson-">to be accepted into</a> <strong>Johnson &amp; Johnson</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jnj#NYSE">JNJ</a>)&rsquo;s JLABS @ Toronto, and <strong>El Grupo Daabon</strong>, the largest organic agriculture company in South America, in operation for more than 100 years, have entered into ...</p><p><a href=https://www.benzinga.com/news/18/08/12132958/daabon-strikes-deal-with-avicanna-becoming-the-largest-agro-company-to-enter-the alt=Daabon Strikes Deal With Avicanna, Becoming The Largest Agro Company To Enter The Cannabis Industry>Full story available on Benzinga.com</a></p> APHQF Aras Azadian Avicanna best marijuana stocks Canabis Cannabis Cannabis Colombia cannabis news cannabis oil cannabis stocks CGC Colombia Weed Daabon Ganja Grupo Daabon Hemp HMLSF invest in marijuana is marijuana JNJ legal marijuana legal weed Lucas Nosiglia marihuana marijuana Marijuana Colombia marijuana dispensary marijuana laws marijuana legalization marijuana legalize marijuana news marijuana states marijuana stocks marijuanas stock med marijuana medical medical cannabis medical marijuana medical marijuana stock medicinal marijuana MJ News pot Recreational Marijuana Santa Marta Golden Hemp smoke weed smoking weed THC weed weed legalization weed news weed plant weed stock Emerging Markets Contracts Top Stories Markets Interview JNJ US4781601046 CGC APHQF MJ HMLSF News Cannabis Emerging Markets Contracts Top Stories Markets Interview Benzinga Mon, 06 Aug 2018 20:07:21 +0000 Javier Hasse 12132958 at https://www.benzinga.com 'It's Like An Onion, This Industry': Inside The Growth Of A Cannabis Media Business https://www.benzinga.com/markets/emerging-markets/18/08/12140798/its-like-an-onion-this-industry-inside-the-growth-of-a-canna <p>When Cassandra Farrington quit her job in 2010 as a vice president at <strong>Citigroup </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>), she had no intention of launching a sprawling media operation focused solely on cannabis.</p> <p>After all, at the time the product was legal for recreational use in exactly zero U.S. states.</p> <p>The plan was for her and her business partner Anne Holland to start a series of business-to-business subscription news services that would offer content, events&nbsp;and research for various niche industries.</p> <p>But a funny thing happened on the way to the dispensary.</p> <p>Their first two verticals&mdash;a resource for subscription-based companies and a resource on digital marketing&mdash;did well enough that the pair launched a third, CannaBusiness Media, in 2011. It was that venture, which was later renamed <strong>Marijuana Business Daily</strong>, that took off like a rocket.</p> <p>&ldquo;Every time we were ready to expand [the first two businesses], something would explode on the cannabis front and we&rsquo;d have to reallocate resources,&rdquo; Farrington said.</p> <p>Eventually, the pair decided to sell off the first two and go all in on cannabis. As it turned out, 2011 was actually the perfect time to go into the <a href="http://www.benzinga.com/investing/marijuana-stocks/">cannabis industry</a>.</p> <p><em>Related Link: <a href="https://www.benzinga.com/news/18/08/12060803/the-cannabis-industrys-go-public-frenzy-a-chat-with-companies-that-ipoed-this-ye">The Cannabis Industry&#39;s Go-Public Frenzy: A Chat With Companies That IPOed This Year</a></em></p> <h3>When Your Customers Think You&rsquo;re A Narc</h3> <p>2011 was the year Connecticut became the first state to decriminalize cannabis. Rhode Island joined them a year later, and Colorado and Washington became the first two states to legalize cannabis for recreational use that November.</p> <p>As Farrington put it, the sudden wave of legislation caught a lot of cannabis entrepreneurs off guard.</p> <p>&ldquo;People were simply overwhelmed by that, by having to suddenly comply with a series of government regulations or get themselves shut down,&rdquo; she said. &ldquo;We just saw that as a growing area where less sophisticated business people really were needing much better &lsquo;how to run a business&rsquo;-type information. We looked at ourselves and said, &lsquo;We don&rsquo;t know cannabis, we don&rsquo;t know the plant, we don&rsquo;t know any of that. But we know business, and we have a specific aptitude for translating that business information that we know into actionable intelligence for an industry.&rsquo; And that&rsquo;s what we set out to do.&rdquo;</p> <p>But creating a centralized online resource ...</p><p><a href=https://www.benzinga.com/markets/emerging-markets/18/08/12140798/its-like-an-onion-this-industry-inside-the-growth-of-a-canna alt=&#039;It&#039;s Like An Onion, This Industry&#039;: Inside The Growth Of A Cannabis Media Business>Full story available on Benzinga.com</a></p> C Cannabis Cassandra Farrington Marijuana Business Daily MJ MJBiz Daily Emerging Markets Top Stories Exclusives Markets Interview C US1729674242 MJ Cannabis Emerging Markets Top Stories Exclusives Markets Interview Benzinga Mon, 06 Aug 2018 13:26:10 +0000 Spencer Israel 12140798 at https://www.benzinga.com Apple's Q3 Was Disappointment-Free, Says Piper Jaffray https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12121444/apples-q3-was-disappointment-free-says-piper-jaffray <p>Wall Street analysts, investors and customers all seem to share <a href="https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12130319/1-trillion-apples-market-cap-hits-milestone">enthusiasm</a> for <strong>Apple, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>)&rsquo;s third-quarter report.&nbsp;</p> <h3>The Analyst</h3> <p>Piper Jaffray analyst Mike Olson reiterated an Overweight rating on <a href="https://www.benzinga.com/stock/aapl">Apple</a> and raised the price target from $214 to $218.&nbsp;He commented on the company&#39;s Q3 on Benzinga&#39;s PreMarket Prep morning show this week.&nbsp;</p> <h3>The Thesis</h3> <p>Piper Jaffray is&nbsp;optimistic about Apple and how things turned out this quarter.</p> <p>Apple beat on both iPhone and services revenue, which are generally main focus areas for investors, and the company guided its September quarter revenue above the consensus.</p> <p>Olson considers the revenue beat to be driven by higher average selling prices, demonstrating the&nbsp;popularity of the $1,000 iPhone X.</p> <p>&ldquo;Management said on the call that the iPhone X was the bestselling iPhone again this quarter,&rdquo; Olson said on PreMarket Prep.&nbsp;</p> <p>The ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/18/08/12121444/apples-q3-was-disappointment-free-says-piper-jaffray alt=Apple&#039;s Q3 Was Disappointment-Free, Says Piper Jaffray>Full story available on Benzinga.com</a></p> AAPL Analyst Color Mike Olson Piper Jaffray PreMarket Prep Price Target Reiteration Analyst Ratings Interview AAPL US0378331005 Analyst Color Price Target Reiteration Analyst Ratings Interview Benzinga Sun, 05 Aug 2018 13:43:48 +0000 Hannah Genig 12121444 at https://www.benzinga.com Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week https://www.benzinga.com/trading-ideas/long-ideas/18/08/12141056/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry <p>This was a big week for cannabis legalization on the international plane, with the country of Georgia&nbsp;decriminalizing cannabis use and possession though a court ruling, and&nbsp;the Argentine province of Jujuy announcing the local government would start producing marijuana for medicinal and research uses.</p> <p>On the markets front, <strong>Scythian Biosciences </strong>sold its Caribbean and Latin American assets to <strong>Aphria </strong>and then turned around to <a href="https://www.benzinga.com/news/18/07/12101689/scythians-105m-florida-acquisition-segras-raise-organigrams-record-quarter">use that money</a> to get into the Florida market. Looking at the transaction, Debra Borchardt, CEO of Green Market Report said, &ldquo;If they really believed these were great markets to be in, then why would they sell them? I feel like one of these parties got snookered, but I&#39;m not sure who. Florida could be huge, but then it seems like the competition will be tough. The international markets are untested yet, so it&#39;s an unknown.&quot;</p> <p>&nbsp;</p> <p>She then moved on to talk earnings reports.</p> <p>&ldquo;Of all the earnings that came out this week, the one thing that really struck me was Scott&#39;s Miracle-Gro comment about California over-production of cannabis putting pressure on its Hawthorne division. Too much supply must&#39;ve caused the prices to fall and that means growers can&#39;t spend as much with companies like Scott&#39;s. I wonder how many more companies have felt this and didn&#39;t say anything publicly,&rdquo; Borchardt said.</p> <h3><strong>Marijuana Indexes &amp; ETFs</strong></h3> <p>In the capital markets realm, the <strong>United States Marijuana Index, </strong>which tracks 18 of the largest marijuana stocks in the U.S., dropped roughly 2.2 percent this week, while the <strong>North American Marijuana Index</strong>, which also includes Canadian stocks, also lost about 2.2 percent of its value.*</p> <p>Over the last five trading days, the <strong>Horizons Marijuana Life Sciences Index ETF</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hmlsf#OTC">HMLSF</a>) (TSE:HMMJ) slipped 1.2 percent, while the <strong>ETFMG Alternative Harvest ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>) gained 0.9 percent. The <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) was up 0.7 percent.</p> <h3><strong>Stock Moves</strong></h3> <p>Here are some of the top marijuana stocks (market cap above $100 million) in U.S. exchanges and how the performed over the last five trading days:</p> <ul> <li><strong>22nd Century Group Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xxii#NYSE">XXII</a>): up 4.6percent</li> <li><strong>Aphria Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/aphqf#OTC">APHQF</a>): down 7.2 percent</li> <li><strong>Aurora Cannabis Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/acbff#OTC">ACBFF</a>): down 6 percent</li> <li><strong>CannTrust Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnttf#OTC">CNTTF</a>): down 2.7 percent</li> <li><strong>Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>): up 1.5 percent</li> <li><strong>Cronos Group Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>): down 5.9 percent</li> <li><strong>Green Organic Dutchman Holdings Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgodf#OTC">TGODF</a>)<strong> </strong>up 2.7 percent</li> <li><strong>Green Thumb Industries Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) down 3.2 percent</li> <li><strong>GW Pharmaceuticals PLC- ADR </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>): down 6 percent</li> <li><strong>Hiku Brands Company Ltd</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/djacf#OTC">DJACF</a>): down 1.4 percent</li> <li><strong>iAnthus Capital Holdings Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ithuf#OTC">ITHUF</a>): up 13.9 percent</li> <li><strong>Medical Marijuana Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mjna#OTC">MJNA</a>) up 14.7 percent</li> <li><strong>MedMen Enterprises Inc.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) down 5.6 percent</li> <li><strong>Scotts Miracle-Gro Co </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>): up 0.2 percent</li> <li><strong>THC Biomed Intl Ltd </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/thcbf#OTC">THCBF</a>): down 0.3 percent</li> <li><strong>Tilray Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) down 0.7 percent</li> <li><strong>Zynerba Pharmaceuticals Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>): down 20.4 percent</li> </ul> <h3><strong>In Other News</strong></h3> <p><strong>NMS Capital Advisors </strong>said it would be leading <strong>High Times</strong>&rsquo; Reg A+ IPO raise.</p> <p>&ldquo;We&#39;re very excited to lead the Reg A+ raise for High Times,&rdquo; Trevor M. Saliba, Chairman of NMS Capital Advisors told Benzinga. &ldquo;Their company is a pioneer in the cannabis news and media space, with a 43-year history. With the proceeds from this capital raise, they will grow their presence globally as they look to acquire other quality companies and host more events throughout the world. We believe the Reg A+ format is a great method of raising capital for High Times, as it allows everybody to become a shareholder of such an exciting company. With the expected growth of the cannabis industry in years to come, High Times is positioning itself for a bright future.&rdquo;</p> <p><em>Related Link: <a href="http://www.benzinga.com/news/18/08/12060803/the-cannabis-industrys-go-public-frenzy-a-chat-with-companies-that-ipoed-this-ye">The Cannabis Industry&#39;s Go-Public Frenzy: A Chat With Companies That IPOed This Year</a></em></p> <p>Season 3 of &ldquo;The Marijuana Show&quot; debuted&nbsp; on Amazon Prime. The show boasts a 5-star rating so far. You can watch it <a href="https://www.amazon.com/gp/video/detail/B07FMQ5696?ref_=atv_dp_season_select">here</a>.</p> <p>A <a href="http://www.benzinga.com/government/18/07/12026544/detroit-judge-throws-out-1m-marijuana-case-in-the-interest-of-fairness">Detroit judge dropped felony charges</a> against six people arrested in the raid of a cannabis grow operation with a reported $1 million in plants, owned by former NBA player Al Harrington. The judge said the facility was within the bounds of its temporary state license.</p> <p>The world&rsquo;s largest cannabis compliance firm, Toronto-based <strong>Cannabis</strong> <strong>Compliance Inc. </strong>became the newest founding member of the <strong>Global Cannabis Partnership (GCP). </strong>The consulting firm joins 16 other founding members in the creation of a worldwide social responsibility standard for the safe and responsible production, distribution and consumption of legal, adult-use recreational cannabis.&nbsp;</p> <p>&ldquo;With Canada leading the world on medical and legal, adult-use recreational cannabis cultivation, production and distribution, it&rsquo;s no surprise that other nations are looking at us for expertise from an industry, as well as policy legislation, perspective,&rdquo; said Deepak Anand, Vice President of Business Development and Government Relations at CCI.&nbsp;&ldquo;CCI looks forward to contributing, through policy and regulatory development, to the overarching CSR mandate within the GCP. We believe that social responsibility standards in the global cannabis industry are ...</p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/18/08/12141056/pot-stocks-etfs-top-news-and-data-from-the-cannabis-industry alt=Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week>Full story available on Benzinga.com</a></p> ABCCF ACBFF Acreage Holdings AMZN APHQF Cannabis Cannabis Argentina Cannabis Compliance Inc Cannabis ETF Cannabis Georgia Cannabis Jujuy cannabis news Cannabis Stock Index cannabis stocks CGC CND Expo West CNTTF CRON CVSI Debra Borchardt DJACF Global Cannabis Partnership Green Market Report Green Market Summit GTBIF GWPH Hempfest High Times High Times IPO HMLSF Humboldt Apothecary invest in marijuana ISOLD ITHUF Jim Cramer Long Ideas marijuana Marijuana Argentina Marijuana ETF Marijuana Index Marijuana Money marijuana news marijuana stocks MEDFF MJ MJNA MMNFF MRRCF MSRT New Jersey Cannabis News NMS Capital Advisors North American Marijuana Index OGRMF PHOT Pot Stocks Pyto Partners SMG SPBBF SPY TAP TGODF THCBF The Marijuana Show TheraCann TLRY TYYG United States Marijuana Index XXII ZYNE Emerging Markets Specialty ETFs Politics Top Stories After-Hours Center Markets Movers Trading Ideas Interview ETFs General SPY US78462F1030 AMZN US0231351067 SMG US8101861065 TAP US60871R2094 CGC MJNA US58463A1051 PHOT ITHUF XXII CNTTF CVSI GWPH OGRMF MSRT ZYNE THCBF ACBFF APHQF MJ TYYG ABCCF DJACF MRRCF MEDFF HMLSF CRON SPBBF TGODF MMNFF TLRY GTBIF ISOLD Long Ideas News Cannabis Specialty ETFs Emerging Markets Politics Top Stories After-Hours Center Markets Movers Trading Ideas Interview ETFs General Benzinga Fri, 03 Aug 2018 21:16:40 +0000 Javier Hasse 12141056 at https://www.benzinga.com The Cannabis Industry's Go-Public Frenzy: A Chat With Companies That IPOed This Year https://www.benzinga.com/news/18/08/12060803/the-cannabis-industrys-go-public-frenzy-a-chat-with-companies-that-ipoed-this-ye <p>The first half of 2018 was a notably active period in the <a href="https://www.benzinga.com/topic/cannabis">cannabis</a> industry, particularly on the capital markets side. Over the first six months of the year, more than $4 billion in investments were made in&nbsp;the industry, according to Viridian Capital Advisors.</p> <p>Some of the most notable transactions were cannabis companies that went public; here are some of the largest IPOs that took place between January and the end of June:</p> <ul> <li><strong>Canopy Growth Corp </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>)<strong> </strong>listed on the NYSE.</li> <li><strong>Khiron Life Sciences Corp &nbsp;</strong>(TSXV:&nbsp;KHRN) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/khrnf#OTC">KHRNF</a>) began trading on the TSX Venture Exchange.</li> <li><strong>Green Organic Dutchman Holdings Ltd </strong>(TSE: TGOD) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tgodf#OTC">TGODF</a>) went public in Canada.</li> <li><strong>MedMen Enterprises Inc.</strong> (CSE: MMEN) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mmnff#OTC">MMNFF</a>) began trading on the CSE.</li> <li><strong>Cronos Group Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cron#NASDAQ">CRON</a>) listed on the Nasdaq.</li> <li><strong>Green Thumb Industries Inc </strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTC">GTBIF</a>) (CSE:GTI) debuted on the CSE.</li> </ul> <p>Analysts have diverse interpretations of the go-public trend in the marijuana industry. Some see it&nbsp;as a quick cash grab;&nbsp;others perceive it as a sign of consolidation in the industry; and other observers&nbsp;believe it&rsquo;s a natural result of the maturation of the space.</p> <p>Benzinga reached out to the newly public cannabis businesses and asked why they decided to list their shares now.</p> <h3>MedMen&#39;s Market Cap: $1.5 Billion</h3> <p>An IPO was part opf MedMen&#39;s larger strategy, said Daniel Yi, the company&#39; ssenior vice president of corporate communications.&nbsp;</p> <p>&ldquo;At this stage of the evolution in the cannabis industry, capital is key. This is a nascent industry and everybody&#39;s fighting for real estate, and the only way to acquire real estate is to have the capital,&rdquo; he said.</p> <p>Commercial banks won&#39;t loan to cannabis companies, making private equity, venture capital or the public markets a necessity, Yi said.</p> <p>&quot;We have been building this company for eight years and intend to be here for 80 more,&rdquo; he said, adding that MedMen is a multigenerational project that&nbsp;aims to become the <strong>Anheuser Busch Inbev NV (ADR) </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bud#NYSE">BUD</a>) of cannabis.</p> <p>The higher-than-usual number of companies that went public in the first half ...</p><p><a href=https://www.benzinga.com/news/18/08/12060803/the-cannabis-industrys-go-public-frenzy-a-chat-with-companies-that-ipoed-this-ye alt=The Cannabis Industry&#039;s Go-Public Frenzy: A Chat With Companies That IPOed This Year>Full story available on Benzinga.com</a></p> Alvaro Torres Ben Kovler best marijuana stocks Brian Athaide BUD Caitlin O'Hara Canabis Cannabis cannabis news cannabis oil cannabis stocks CGC CRON Daniel Yi Ganja GTBIF Hemp HMLSF invest in marijuana is marijuana KHRNF legal marijuana legal weed marihuana marijuana marijuana laws marijuana legalization marijuana legalize marijuana news marijuana states marijuana stocks marijuanas stock med marijuana medical medical cannabis medical marijuana medical marijuana stock medicinal marijuana Michael Gorenstein MJ MMNFF News pot Recreational Marijuana smoke weed smoking weed TGODF THC weed weed legalization weed news weed plant weed stock Emerging Markets IPOs Top Stories Exclusives Markets Interview BUD US03524A1088 CGC MJ HMLSF CRON TGODF KHRNF MMNFF GTBIF News Cannabis Emerging Markets IPOs Top Stories Exclusives Markets Interview Benzinga Fri, 03 Aug 2018 11:38:30 +0000 Javier Hasse 12060803 at https://www.benzinga.com Compass Cannabis Clinic Gears Up For Expansion Into Global Markets https://www.benzinga.com/fintech/18/08/12129438/compass-cannabis-clinic-gears-up-for-expansion-into-global-markets <p><em>Cannabis investors can&#39;t afford to miss the <a href="http://bzcannabis.com/">Benzinga Cannabis Capital Conference</a>, a premier gathering of investors and entrepreneurs painting an honest picture of the opportunities and challenges in cannabis investing. Space is limited&mdash;get your tickets before they sell out.</em></p> <p><em>Ahead of the conference, we&rsquo;re interviewing the speakers who will deliver key insights on the cannabis space at the <a href="http://bzcannabis.com/">BZ Cannabis Capital Conference</a>. This installment features the <a href="https://www.compasscannabis.ca/">Compass Cannabis Clinic</a>.</em></p> <h3>What is the elevator pitch for your company?&nbsp;</h3> <p>Compass Cannabis Clinic is a medical cannabis consultation company whose core business is focused on providing educational and consultation services to Canadians who are able to obtain cannabis from a licensed producer under Canada&#39;s ACMPR. Compass Cannabis has forty confirmed leases for locations across Canada, a mix of operational clinics that are now open, in development, or in preparation with the intended use of becoming a retail cannabis store. The company has been recently selected by the Saskatchewan Liquor and Gaming Authority as a cannabis retailer for Weyburn, SK, and as ...</p><p><a href=https://www.benzinga.com/fintech/18/08/12129438/compass-cannabis-clinic-gears-up-for-expansion-into-global-markets alt=Compass Cannabis Clinic Gears Up For Expansion Into Global Markets>Full story available on Benzinga.com</a></p> Benzinga Cannabis Capital Conference Cannabis Fintech Interview Cannabis Fintech Interview Benzinga Thu, 02 Aug 2018 15:19:44 +0000 Benzinga Events 12129438 at https://www.benzinga.com