The Week Ahead In Cannabis: Sundial IPO, Earnings Take The Spotlight
The week in cannabis will be a rather exciting one for cannabis investors as the earnings season for cannabis companies kicks in. Over the next five days, a number of companies will present their results, in addition to other developments. Here's what you should look forward to.
Last but not least, Aphria Inc (NYSE:APHA), which is one of the largest cannabis companies in the space, will release its results after the market close on Thursday, Aug. 1.
Other Corporate News
Another event that should be on your radar is the Sundial Growers IPO on the NASDAQ market. The Canadian cannabis producer plans to raise $130 million by offering 10 million shares at a price range of $12 to $14.
Medipharm Labs Corp (OTC:MEDIF) is set to start trading on the Toronto Stock Exchange on July 29, while its stock on the TSX Venture Exchange will be delisted.
Medical cannabis producer Freyherr International plans to start trading on the London NEX exchange on July 30. Freyherr is the U.K. parent of a Slovenian-based company specialized in cannabis cultivation and production of concentrates and extracts.
Following a positive vote by stockholders and the board of directors on July 1, Marijuana Company Of America Inc (OTC:MCOA) will conduct a reverse stock split of its outstanding shares at a ratio of 1-for-60. On Aug. 1, the stock will start trading on a split-adjusted basis.
Benzinga's Cannabis Capital Conference heads to Detroit on Aug. 15 — click here to learn more!
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