Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week
Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for the week of December 16th – December 22nd, 2019.
Without further ado, let’s get started.
10. Aurora Cannabis CCO Cam Battley Jumps Ship As ACB Stock Struggles to Stay Afloat
Battley’s Departure From Aurora Could Be a Warning Sign for Investors
In a rare Saturday afternoon press release, Aurora Cannabis ACB ACB announced that its Chief Corporate Officer (CCO) Cam Battley has resigned from his role with the company.
9. TransCanna Receives Unanimous Support to Approve Lyfted Farms’ Daly Facility Use Permit
Shares of TCAN Stock Soared Nearly 20% Today in Reaction to the Favourable News
TransCanna Holdings TCAN TCNAF TH announced its wholly-owned subsidiary Lyfted Farms received a unanimous recommendation in support of approving its Daly Project. The Daly Project is a 196,000 Sq Ft Cultivation, Manufacturing & Distribution Facility in Modesto, California.
8. Valens GroWorks Issues Q4 Guidance, Revenue Set to Double the Previous Quarter
Valens Saw Significant Growth in its White Label and Cannabis 2.0 Product Sales
Valens GroWorks VGW VGWCF announced revenue guidance for the recently completed fourth quarter of 2019 in the range of $27 million to $30 million.
7. New Kid on the Block: Hollister Biosciences is Looking to Upend California Cannabis
Hollister Believes They Have What it Takes to Be a Dominant Player in the Golden State
Hollister Biosciences HOLL HOB has the management team, technology, and strategy to become a serious contender for the California cannabis crown.
6. The Green Organic Dutchman Closes $27.6 Million Bought Deal
36,800,000 Units Were Sold Under the New TGOD Offering
The Green Organic Dutchman TGOD TGODF has finally closed its bought deal financing announced in late November. The firm closed the bought deal on an oversubscribed basis, raising a gross figure of $27.6 million.
5. Tilray and Privateer Holdings Close Merger
Tilray Did Not Make Any Cash Payment in Connection With the Merger
Tilray Inc TLRY announced that it has closed its merger with private equity firm Privateer Holdings. Each Privateer stockholder who acquired shares of Tilray in the merger is subject to a lockup agreement.
4. Trulieve Founders Extend Lock-Up on Over 11 Million Shares, TRUL Stock Rebounds
These Trulieve Super-Voting Shares Would Have Come Free in Late January 2020
Trulieve Cannabis TRUL TCNNF is moving past the widely criticized ‘short & distort report’ from Grizzly Research with the company releasing two bullish press releases in a single day.
3. Curaleaf Announces New $275 Million Non-Dilutive Financing
Shares of CURA Stock Jumped 7% in Reaction to the Funding Announcement
Curaleaf Holdings CURA CURLF announced that it has received commitments from a syndicate of lenders for the purpose of structuring a new non-dilutive USD $275 million financing.
2. Cannabis Analyst Slaps Zero Dollar Price Target on Top 4 Canadian Pot Stock
Analyst Announces New Sell Rating on ACB Stock and Shockingly Bearish $0 Price Target
In a note to clients, GLJ Research analyst Gordon Johnson placed a ‘Sell’ rating on Aurora Cannabis ACB ACB and slapped the company with a $0 per share price target. In other words, the analyst said: “Aurora Cannabis’ equity is effectively worthless.”
1. Trulieve Hit By Short-Seller Report, CEO Kim Rivers Fires Back, Buy the Dip?
Report By Grizzly Research Accuses Trulieve of Insider Dealing and Fraud
Trulieve Cannabis TRUL TCNNF is facing some serious allegations after a new short-seller report by Grizzly Research was released. Did the short report create a buying opportunity?
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