Cannabis https://www.benzinga.com/views/taxonomy/term/123430 en 17 Country Singers Who Used Cannabis For Creativity https://www.benzinga.com/markets/cannabis/21/05/20897799/17-country-singers-who-used-cannabis-for-creativity <p>This article by Taylor Engle was originally published on&nbsp;<a href="https://www.thebluntness.com/posts/country-singers-who-used-cannabis">The Bluntness</a>&nbsp;and appears here with permission.</p> <p>Cannabis is renowned for its influence and inspiration in the music world, and we usually associate this intersection with hip hop, R&amp;B, rap and rock.&nbsp;</p> <p>However, a&nbsp;<a href="https://www.addictions.com/explore/drugs-in-music-analyzing-drug-references-in-musical-genres/"><u>2017 study</u></a>&nbsp;actually revealed that there are more cannabis references in country music than in rap or rock, and that country stars sing more about cannabis than any other drug.</p> <p>&ldquo;Country music does have the most drug mentions, and a lot of the country songs do speak about marijuana quite a bit,&rdquo; data scientist Logan Freedman told&nbsp;<em>Rolling Stone</em>&nbsp;in an&nbsp;<a href="https://www.rollingstone.com/music/music-country/why-country-music-sings-about-drugs-more-than-any-other-genre-121769/"><u>interview</u></a>. Freedman and his team analyzed euphemistic lyrics and overt references, concluding that quite a few country stars sing about smoking weed.&nbsp;</p> <p>Some have even gone as far as to boldly admit they&rsquo;ve tried it, liked it, and never plan on giving it up. Willie Nelson and Toby Keith are two of the most well-known country stars who are also public about their cannabis use, and singers like Blake Shelton and Hank Williams Jr. have alluded to the plant in their music, but haven&rsquo;t come out and said whether or not they indulge.</p> <p>Despite the confusion that may still surround the plant (specifically among the country music listener demographic, which tends to reside in areas where cannabis remains illegal and frowned upon), more celebrities have been opening up about their use in order to educate and erase the stigma.&nbsp;</p> <p>Country musicians have begun to follow suit, starting with these 17 country stars, who have openly admitted to smoking weed.</p> <h3>1.&nbsp;Willie Nelson</h3> <p>Willie Nelson has definitely earned his spot as country music&rsquo;s most well-known toker &ndash; the singer even has his own line of cannabis,&nbsp;<a href="https://williesreserve.com/"><u>Willie&#39;s Reserve</u></a>. Nelson is the only person who&rsquo;s ever been able to&nbsp;<a href="https://www.youtube.com/watch?v=jcVTImeEGqs"><u>out-smoke Snoop Dogg</u></a>, which is a cannabis badge of honor in itself.&nbsp;<br /> Cannabis has been his drug of choice since 1978, when Nelson&nbsp;<a href="https://www.rollingstone.com/music/music-features/willie-nelson-weed-issue-826290/"><u>gave up cigarettes and whiskey</u></a>&nbsp;due to health complications. He&rsquo;s been toking ever since.&nbsp;<br /> Lighting up with Nelson is recognized as the rite of passage it is, bestowed upon only the worthiest in country music.</p> <h3>2.&nbsp;Toby Keith</h3> <p>Another country great known for his cannabis affinity is Toby Keith, country singer, songwriter, and actor. Keith is one of the brave souls who has faced Nelson, prompting him to write the song &ldquo;I&rsquo;ll Never Smoke Weed with Willie Again.&rdquo;&nbsp;<br /> The smoke session was so intense, Keith never made it to Charles Barkley&rsquo;s birthday party, which he was planning to attend that evening.</p> <p><iframe frameborder="0" height="315" src="https://www.youtube.com/embed/2kGEhX_s2_g" width="560"></iframe></p> <h3>3.&nbsp;Reba McEntire</h3> <p>This is perhaps one of the most surprising names on the list, but yes, you read that correctly: Reba McEntire&nbsp;<a href="https://perezhilton.com/reba-mcentire-admits-to-smoking-pot-andy-cohen-watch-what-happens-live/"><u>has admitted</u></a>&nbsp;to smoking ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20897799/17-country-singers-who-used-cannabis-for-creativity alt=17 Country Singers Who Used Cannabis For Creativity>Full story available on Benzinga.com</a></p> Cannabis Cannabis Celebrities Cannabis Contributors Country Music Markets Cannabis Markets Benzinga Sat, 08 May 2021 15:49:13 +0000 The Bluntness 20897799 at https://www.benzinga.com Cannabis In Mexico: Uncertainty Swirls Heading Into June Elections After Lawmakers Fail To Pass Adult-Use Laws Yet Again https://www.benzinga.com/markets/cannabis/21/05/20997601/cannabis-in-mexico-uncertainty-swirls-heading-into-june-elections-after-lawmakers-fail-to-pass-a <p>On April 30, Mexico&#39;s Congress&nbsp;failed to pass adult-use legalization orders that were handed down by five Supreme Court rulings. The latest development marks the fourth time the deadline has not been met.</p> <p>The decision puts the&nbsp;future of cannabis legalization into an&nbsp;uncertain area in Mexico as operators, advocates and lawmakers await the next steps.</p> <h2>Government Stalls Legislation Once Again</h2> <p>In the past, the COVID-19 pandemic and disputes over the bill derailed the various processes.</p> <p>This time around was more of the latter. Blame appears to be centered on changes in the bill between congressional chambers, the Senate and the House of Deputies.</p> <p>A primary sticking point&nbsp;focused on overseeing the licensing and rollout of the cannabis program.</p> <p>Zara Snapp, the co-founder of drug policy group <strong>Instituto RIA</strong>, believes the upcoming June 6 legislative elections also played a part.</p> <p>&quot;Obviously, there&#39;s a concern about how passing this law might affect those outcomes,&quot; Snapp said.</p> <p>With 500 deputy positions up for grabs&nbsp;in the house, most don&#39;t expect much forward movement&nbsp;before the results are determined.</p> <p>Raul Elizalde, president ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20997601/cannabis-in-mexico-uncertainty-swirls-heading-into-june-elections-after-lawmakers-fail-to-pass-a alt=Cannabis In Mexico: Uncertainty Swirls Heading Into June Elections After Lawmakers Fail To Pass Adult-Use Laws Yet Again>Full story available on Benzinga.com</a></p> Cannabis Government HempMeds Latin America Hoban Law Group Instituto RIA MJNA News Penny Stocks Regulations Markets Interview MJNA US58463A1051 News Penny Stocks Government Cannabis Regulations Markets Interview Benzinga Sat, 08 May 2021 15:46:59 +0000 Andrew Ward 20997601 at https://www.benzinga.com The Benefits Of Peyote: Ancient Wisdom, Modern Medicine https://www.benzinga.com/markets/cannabis/21/05/20796957/the-benefits-of-peyote-ancient-wisdom-modern-medicine <p>This article by Evan Lewis-Healey&nbsp;was originally published on&nbsp;<a href="https://psychedelicspotlight.com/">Psychedelic Spotlight</a>, and appears here with permission.</p> <h4>What did ancient cultures know about peyote&#39;s benefits?</h4> <p>Modern psychedelic research is touting the benefits of substances such as psilocybin, LSD, and ayahuasca. The former two have been integrated into Western popular culture for decades now, while more and more people are travelling to South America for ayahuasca ceremonies.&nbsp;</p> <p>However, a lesser-known psychedelic, peyote, has been used in Indigenous healing and spiritual practices for thousands of years. Many Indigenous people praise peyote for its healing effects for a myriad of mental and physical ailments.&nbsp;</p> <p><img alt="The Benefits of Peyote: Ancient Wisdom, Modern Medicine" src="https://psychedelicspotlight.com/wp-content/uploads/2021/04/peyote-plants-psychedelic-spotlight.jpeg" style="height:351px; width:624px" /></p> <p><a href="https://www.flickr.com/photos/157786281@N07/48600152251" rel="noreferrer noopener nofollow" target="_blank">Dominic Milton Trott</a>&nbsp;| Flickr</p> <h4>What is Peyote?</h4> <p>Peyote (<em>Lophophora williamsii</em>) is a small and spineless cactus found in North America. It naturally occurs in the South of Texas in the US, and all across Mexico. The word&nbsp;<em>peyote</em>&nbsp;comes from the word&nbsp;<em>peyotl</em>&nbsp;from the Aztecan language Nahuatl, meaning &ldquo;caterpillar cocoon&rdquo;, in reference to the shape of the cactus.&nbsp;</p> <p>Crucially, there are many different psychoactive compounds found within the peyote cactus. Among them is&nbsp;<a href="https://psychedelicspotlight.com/the-benefits-of-mescaline/">mescaline</a>, which is responsible for the majority of the psychedelic effects found in the cactus.&nbsp;</p> <p>The peyote cactus is considered sacred to Indigenous people within the region. A&nbsp;<a href="https://www.sciencedirect.com/science/article/abs/pii/S0378874105002990?via%3Dihub" rel="noreferrer noopener nofollow" target="_blank">publication&nbsp;</a>released in 2005 used radiocarbon dating to identify the age of two samples of peyote. These samples ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20796957/the-benefits-of-peyote-ancient-wisdom-modern-medicine alt=The Benefits Of Peyote: Ancient Wisdom, Modern Medicine>Full story available on Benzinga.com</a></p> Ayahuasca Cannabis Cannabis Contributors peyote psychedelics Markets Cannabis Markets Benzinga Sat, 08 May 2021 15:31:54 +0000 Psychedelic Spotlight 20796957 at https://www.benzinga.com The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&A, And More https://www.benzinga.com/markets/cannabis/21/05/21021448/the-week-in-cannabis-the-new-tilray-jazz-gw-pharma-earnings-m-a-and-more <p>This was an eventful week for the cannabis industry.</p> <p>On Monday, <strong>Tilray, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) and <strong>Aphria, Inc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apha#NASDAQ">APHA</a>) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion. Benzinga spoke with <strong>Irwin Simon,</strong> CEO of the new combined company.</p> <p>Check out the video below:</p> <p><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/S1nh5QRepd4" width="560"></iframe></p> <p>Following the merger, Jefferies upgraded the rating for Tilray from Underperform to Buy, while raising the price target from $4.77 to $23.</p> <p><strong>Jazz Pharmaceuticals</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jazz#NASDAQ">JAZZ</a>) finalized its acquisition of <strong>GW Pharmaceuticals plc. </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gwph#NASDAQ">GWPH</a>), the producer of the FDA‑approved prescription cannabidiol drug Epidiolex, for $7.2 billion or $6.7 billion&nbsp;net of GW Pharma&#39;s cash.</p> <p>Meanwhile, <strong>Ascend Wellness Holdings</strong> (CSE: AAWH) started trading on the Canadian Securities exchange following a raise of approximately $80 million through an initial public offering of roughly 10 million shares of its Class A common stock at $8 per share.</p> <p><strong><em>Benzinga Cannabis&rsquo; content is now available in Spanish on </em></strong><a href="https://elplanteo.com/"><strong><em>El Planteo</em></strong></a><strong><em>. </em></strong></p> <p>After two weeks of consolidating below resistance at the $1&nbsp;level, shares of Reddit favorite <strong>Sundial Growers Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) have resumed their downtrend.</p> <p><strong>Credit Suisse Group AG</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>)&nbsp;reportedly stopped handling transactions in shares of cannabis companies with U.S. operations and plans to refrain from holding cannabis stocks on behalf of its clients.</p> <p>The Swiss-based lender, which declined to give a statement, was among a handful of banks willing to buy and sell marijuana-related stocks and hold the shares as a custodian for clients in the United States. While it&#39;s not yet clear what impact this decision will have, Reuters reported&nbsp;the move has affected the sale of marijuana stocks in recent weeks.</p> <p>In fact, all major ETFs were down. Over the five trading days of this week:</p> <ul> <li>The <strong>ETFMG Alternative Harvest ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mj#NYSE">MJ</a>): lost 0.2%.</li> <li>The <strong>AdvisorShares Pure Cannabis ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yolo#NYSE">YOLO</a>): tumbled 1.8%.</li> <li>The <strong>AdvisorShares Pure US Cannabis ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msos#NYSE">MSOS</a>): shed 0.2% of its value.</li> <li>The <strong>Cannabis ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thcx#NYSE">THCX</a>): dropped 3.4%.</li> <li>The <strong>Amplify Seymour Cannabis ETF </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnbs#NYSE">CNBS</a>): was down 3.5%.</li> <li>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 up 1.21%.</li> </ul> <h2>Policy, Science And Data</h2> <p>In New York, people gathered to celebrate cannabis legalization.</p> <p>&ldquo;Last weekend&#39;s annual New York City cannabis parade brought out a who&#39;s who in politicians jockeying for position to be the one who was <em>always</em> supportive of legalizing cannabis. Ah-hem. Water under the bridge shall we say,&rdquo; commented Debra Borchardt, CEO of <a href="https://www.greenmarketreport.com/">Green Market Report</a>. &ldquo;With adult use cannabis sales likely to be legal by next year&#39;s parade, the people who attended were clearly in a celebratory mood. The New York market is expected to be the largest in the country and there were many small businesses working the crowd. There should be a Tinder app for social equity applicants to hook up with investors as there was a lot of talk about social equity applicants, but most have no money or very little.&rdquo;</p> <p>In Colorado<strong> </strong>Gov. Jared Polis signed a bill that would expand&nbsp;access to medical cannabis for school children in need by removing obstacles to its administration.</p> <h2>Financings And M&amp;A</h2> <p><strong>Jushi Holdings Inc. </strong>(CSE: JUSH) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/jushf#OTC">JUSHF</a>) finalized its purchase of a 93,000 sq. ft. facility operated by its subsidiary, <strong>Dalitso LLC</strong>, for around $22 million. The deal also includes nearly nine acres of surrounding land in Prince William County, Virginia.</p> <p><strong>High Tide Inc.</strong> (TSXV: HITI) (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/hitif#OTCQB">HITIF</a>) (FRA: 2LY) will acquire 80% of <strong>Fab Nutrition, LLC</strong>. (operating as FABCBD) for $20.64 million in stock and cash.</p> <p><strong>MassRoots, Inc.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/msrt#OTC">MSRT</a>) is looking to acquire <strong>Empire Services, Inc</strong>. for $14 million in a primarily stock-based transaction.</p> <p><strong>Trulieve Cannabis Corp</strong>. (CSE: TRUL) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTCQX">TCNNF</a>) purchased West Virginia-based<strong> Mountaineer Holding LLC</strong> for $6 million.</p> <p><strong>Cansortium Inc.</strong> (CSE: TIUM), (OTCQB: <a class="ticker" href="https://www.benzinga.com/stock/cntmf#OTCQB">CNTMF</a>), doing business under the Fluent brand, exercised its right to regain up to the maximum of $5 million of convertible promissory notes, originally issued in the amount of $10 million in 2019.</p> <p><strong>Green Thumb Industries Inc.</strong> (CSE: GTII) (OTCQX: <a class="ticker" href="https://www.benzinga.com/stock/gtbif#OTCQX">GTBIF</a>) will reach the Virginia market via its acquisition of <strong>Dharma Pharmaceuticals LLC. </strong></p> <h2>Earnings Reports</h2> <p><strong>Kiaro Holdings Corp.</strong> (TSXV: KO) reported record revenues of CA$17.1 million in 2021, representing a year-over-year increase of 230%. ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21021448/the-week-in-cannabis-the-new-tilray-jazz-gw-pharma-earnings-m-a-and-more alt=The Week In Cannabis: The New Tilray, Jazz-GW Pharma, Earnings, M&amp;A, And More>Full story available on Benzinga.com</a></p> ACRGF APDN APHA Aurora aurora news AVCNF Canadian cannabis news Cannabis Cannabis ETF cannabis legalization news cannabis news cannabis news California cannabis news today cannabis stock Cannabis Stock Index cannabis stock news cannabis stocks CBD CNBS CNBX CNTMF CS Debra Borchardt Green Market Report GTBIF GWPH HITIF IIPR invest in marijuana JAZZ JUSHF LOWLF marijuana Marijuana ETF Marijuana Index Marijuana Money marijuana news marijuana stocks marijuana stocks 2019 MJ MMNFF MSOS MSRT News NORML ORVRD Penny Stocks PLNHF POSAF pot news Pot Stocks SMG SNDL SPY TCNNF THCX TLRY YOLO ZLDAF Small Cap Markets SPY US78462F1030 TCNNF JAZZ US4721471070 YOLO CS US2254011081 APHA SMG US8101861065 ACRGF APDN US03815U1025 CNTMF GWPH HITIF CNBX POSAF MSRT CNBS MJ SNDL IIPR JUSHF THCX AVCNF ZLDAF MSOS MMNFF LOWLF TLRY US88688T1007 ORVRD GTBIF PLNHF News Penny Stocks Cannabis Small Cap Markets Benzinga Fri, 07 May 2021 21:36:03 +0000 Javier Hasse 21021448 at https://www.benzinga.com Cannabis Stock Gainers And Losers From May 7, 2021 https://www.benzinga.com/markets/cannabis/21/05/21020643/cannabis-stock-gainers-and-losers-from-may-7-2021 <h3>GAINERS:</h3> <ul> <li><strong><a href="https://quotes.benzinga.com/quote/TBPMF" target="_blank">Tetra Bio Pharma</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tbpmf#OTC">TBPMF</a>) shares closed up 22.62% at $0.38</li> <li><strong><a href="https://quotes.benzinga.com/quote/IVITF" target="_blank">Invictus MD Strategies</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ivitf#OTC">IVITF</a>) shares closed up 16.28% at $0.05</li> <li><strong><a href="https://quotes.benzinga.com/quote/TLRY" target="_blank">Tilray</a>&nbsp;(</strong>NASDAQ:TLRY) shares closed up 14.35% at $16.18</li> <li><strong><a href="https://quotes.benzinga.com/quote/OGI" target="_blank">OrganiGram Holdings</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ogi#NASDAQ">OGI</a>) shares closed up 12.7% at $2.75</li> <li><strong><a href="https://quotes.benzinga.com/quote/MGCLF" target="_blank">MGC Pharmaceuticals</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mgclf#OTC">MGCLF</a>) shares closed up 12.14% at $0.05</li> <li><strong><a href="https://quotes.benzinga.com/quote/ZYNE" target="_blank">Zynerba Pharmaceuticals</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zyne#NASDAQ">ZYNE</a>) shares closed up 11.97% at $4.49</li> <li><strong><a href="https://quotes.benzinga.com/quote/ZBISF" target="_blank">Zenabis Global</a>&nbsp;</strong>(OTC: <a class="ticker" href="https://www.benzinga.com/stock/zbisf#OTC">ZBISF</a>) shares closed up 9.06% at $0.11</li> <li><strong><a href="https://quotes.benzinga.com/quote/SNDL" target="_blank">Sundial Growers</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) shares closed up 7.41% at $0.77</li> <li><strong><a href="https://quotes.benzinga.com/quote/VFF" target="_blank">Village Farms Intl</a>&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vff#NASDAQ">VFF</a>) shares closed up 7.34% at $11.11</li> <li><strong><a href="https://quotes.benzinga.com/quote/HRVSF" ...</strong></li></ul><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21020643/cannabis-stock-gainers-and-losers-from-may-7-2021 alt=Cannabis Stock Gainers And Losers From May 7, 2021>Full story available on Benzinga.com</a></p> ACB BE BMMJ CANN Cannabis cannabis stocks CNGGF CNTMF CNVCF CRBP CRLBF CURR EPWCF GRWG HEXO HRVSF IVITF legal weed stocks M&A marijuana stocks MBII MGCLF OGI Penny Stocks RHNMF SNDL stocks TBPMF TGODF VFF VIVO ZBISF ZYNE Small Cap After-Hours Center Markets VIVO US5895841014 TGODF MBII EPWCF CANN HEXO OGI CRLBF CRBP HRVSF ZYNE ZBISF ACB CNTMF VFF SNDL BE RHNMF GRWG CNVCF IVITF CURR TBPMF BMMJ CNGGF MGCLF M&A Penny Stocks Cannabis Small Cap After-Hours Center Markets Benzinga Fri, 07 May 2021 21:20:36 +0000 Jose Rodrigo Safdiye 21020643 at https://www.benzinga.com PAO Group Teams Up With Puration, Alkame, North American Cannabis Holdings On New CBD Nutraceuticals https://www.benzinga.com/markets/cannabis/21/05/21014941/pao-group-teams-up-with-puration-alkame-north-american-cannabis-holdings-on-new-cbd-nutraceutica <p><strong>PAO Group, Inc.</strong> (Pink: <a href="https://www.benzinga.com/stock/paog/#/OTC">PAOG</a>), a holding company focused on alternative patient treatments, confirmed Friday it will launch a CBD Nutraceuticals line of products.</p> <p>The company will create and sell new CBD nutraceuticals together with <strong>Alkame Holdings, Inc.</strong> (Pink: <a href="https://www.benzinga.com/stock/alkm">ALKM</a>), which will take on the role of co-packer, and&nbsp;<strong>North American Cannabis Holdings, Inc</strong>. (Pink: <a href="https://www.benzinga.com/stock/usmj">USMJ</a>) whose team will help with ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21014941/pao-group-teams-up-with-puration-alkame-north-american-cannabis-holdings-on-new-cbd-nutraceutica alt=PAO Group Teams Up With Puration, Alkame, North American Cannabis Holdings On New CBD Nutraceuticals>Full story available on Benzinga.com</a></p> ALKM Cannabis CBD CBD Nutraceuticals News PAOG Penny Stocks PURA USMJ Markets PURA ALKM USMJ PAOG News Penny Stocks Cannabis Markets Benzinga Fri, 07 May 2021 20:51:22 +0000 Nina Zdinjak 21014941 at https://www.benzinga.com Cansortium Redeems Up To $5M In Convertible Promissory Notes https://www.benzinga.com/markets/cannabis/21/05/21016475/cansortium-redeems-up-to-5m-in-convertible-promissory-notes <p><strong>Cansortium Inc.</strong> (CSE: TIUM.U), (OTCQB: <a href="https://www.benzinga.com/stock/cntmf#OTCQB">CNTMF</a>), doing business under the Fluent brand, confirmed Friday it has&nbsp;exercised its right to regain up to the maximum of $5 million of convertible promissory notes, originally issued in the amount of $10 million in 2019.</p> <p>The vertically integrated cannabis company, headquartered in Miami, Florida, reported that after this redemption, the total principal amount of notes outstanding remains $5 million.</p> <p>Those notes are set ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21016475/cansortium-redeems-up-to-5m-in-convertible-promissory-notes alt=Cansortium Redeems Up To $5M In Convertible Promissory Notes>Full story available on Benzinga.com</a></p> Cannabis CNTMF News Penny Stocks Markets CNTMF News Penny Stocks Cannabis Markets Benzinga Fri, 07 May 2021 20:47:48 +0000 Nina Zdinjak 21016475 at https://www.benzinga.com Tilray Stock Is Getting Squeezed Between 2 Key Levels https://www.benzinga.com/markets/cannabis/21/05/21015502/tilray-stock-is-getting-squeezed-between-2-key-levels <p><strong>Tilray Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) shares were trading higher Friday&nbsp;after a Jefferies analyst double upgraded&nbsp;the stock.</p> <p>The stock was double upgraded from Underperform to Buy and the price target was raised from $4.77 to $23.</p> <p>Tilray recently closed a merger with <strong>Aphria Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apha#NASDAQ">APHA</a>).</p> <p><a href="https://www.benzinga.com/markets/cannabis/21/05/21012905/why-tilrays-stock-is-trading-higher-today">Click here</a> to read more about why Tilray is moving.&nbsp;</p> <p>Tilray was up 14.7% at $16.23 ahead of the market close Friday.&nbsp;</p> <p><img alt="tlrydaily5-7-21.png" src="https://cdn.benzinga.com/files/u285825/tlrydaily5-7-21.png" style="height:400px; width:640px" /></p> <h3>Tilray Daily Chart Analysis</h3> <ul> <li>The stock is getting squeezed between a previous support and a potential resistance line. The stock may see a strong move in the upcoming weeks.</li> <li>The stock is trading below the 50-day moving average (green)&nbsp;and above the 200-day moving average (blue), indicating the stock is likely trading in a period of consolidation.</li> <li>The ...</li></ul><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21015502/tilray-stock-is-getting-squeezed-between-2-key-levels alt=Tilray Stock Is Getting Squeezed Between 2 Key Levels>Full story available on Benzinga.com</a></p> APHA Cannabis Long Ideas News TLRY Short Ideas Upgrades Price Target Technicals Markets Analyst Ratings Movers Trading Ideas TLRY US88688T1007 APHA Long Ideas News Cannabis Short Ideas Upgrades Price Target Technicals Markets Analyst Ratings Movers Trading Ideas Benzinga Fri, 07 May 2021 20:06:16 +0000 Tyler Bundy 21015502 at https://www.benzinga.com Lotus Cannabis Finding Success Growing Premium Dried Flower https://www.benzinga.com/markets/cannabis/21/05/21017633/lotus-cannabis-finding-success-growing-premium-dried-flower <p><span style="font-weight: 400;">Quality, consistency and yield are the holy grails of cannabis cultivation.&nbsp;</span></p> <p><span style="font-weight: 400;">But, producing quality strains consistently is very difficult. This is because high-quality strains are often high maintenance and require expert cultivators.</span></p> <p><span style="font-weight: 400;">The actual plant should be protected from damage because of external natural abrasions to grow a pristine bud. The temperature and humidity have to be optimal and adjusted according to where the strain can thrive. It requires constant monitoring so that it can be watered at the right time and can be trimmed when needed.</span></p> <p><span style="font-weight: 400;">Canada&rsquo;s Lotus Cannabis (CSE:J) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lttsf#OTC">LTTSF</a>) says it knows this better than anyone.</span></p> <p><span style="font-weight: 400;">The Canadian-licensed cannabis producer has grown a lineup of unique cultivars and sold over 1 million grams of premium-craft cannabis. Its first strain, &ldquo;Kalifornia,&rdquo; has achieved great success at stores across Canada.</span></p> <p><span style="font-weight: 400;">Lotus attributes its success to its top-of-the-line facility, plant genetics and experienced production team.</span></p> <h2><span style="font-weight: 400;">A Customer Favorite</span></h2> <p><span style="font-weight: 400;">Kalifornia is an indica-dominant strain, bred from crossing Nepali OG with 88 G-13 Hashplant. Its aroma and tasting notes bring to mind dense buds with earthy and spicy undertones. The strain is sold across Canada through its collaboration with Kolab Project.&nbsp;</span></p> <p><span style="font-weight: 400;">Kolab Kalifornia was recently successful ...</span></p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21017633/lotus-cannabis-finding-success-growing-premium-dried-flower alt=Lotus Cannabis Finding Success Growing Premium Dried Flower>Full story available on Benzinga.com</a></p> Cannabis J LTTSF Penny Stocks Markets J LTTSF Penny Stocks Cannabis Markets Benzinga Fri, 07 May 2021 19:09:57 +0000 Shashank Jacob 21017633 at https://www.benzinga.com NFL's Cannabis Policy: More Leagues Following Suit? https://www.benzinga.com/markets/cannabis/21/05/20976430/nfls-cannabis-policy-more-leagues-following-suit <p>This article by Johnny Green&nbsp;was originally published on<a href="https://cannatechtoday.com/">&nbsp;Cannabis &amp; Tech Today</a>, and appears here with permission.</p> <p>It is&nbsp;<a href="https://www.hsph.harvard.edu/news/press-releases/poll-many-adults-played-sports-when-young-but-few-still-play/">estimated</a>&nbsp;that as many as 75% of the world&rsquo;s population has played in sports leagues at some point during their lifetime.</p> <p>Sports competitions, for better or worse, play a huge role in the everyday lives of the international community.&nbsp;</p> <p>Prior to the pandemic, sporting events were some of the largest gatherings in the world, and that&rsquo;s virtually guaranteed to be the case after the pandemic is over.</p> <p>With that in mind, it&rsquo;s a really, really big deal when a major sports league updates its cannabis policy, which was recently the case with the National Football League (<a href="https://cannatechtoday.com/former-nfl-player-eben-britton-on-how-cbd-could-combat-concussions/">NFL</a>).</p> <h4><strong>No More Off-Season Cannabis Testing</strong></h4> <p>Historically, the NFL has had one of the harshest cannabis policies out of ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20976430/nfls-cannabis-policy-more-leagues-following-suit alt=NFL&#039;s Cannabis Policy: More Leagues Following Suit?>Full story available on Benzinga.com</a></p> Cannabis Cannabis Contributors nfl Sports Markets General Cannabis Sports Markets General Benzinga Fri, 07 May 2021 18:18:16 +0000 Cannabis and Tech Today 20976430 at https://www.benzinga.com Looking Into Tilray's Return On Capital Employed https://www.benzinga.com/markets/cannabis/21/05/21014966/looking-into-tilrays-return-on-capital-employed <p><strong>Tilray</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) reported Q4 sales of $56.56 million. Earnings fell to a loss of $19.79 million, resulting in a 36.87% decrease from last quarter. Tilray collected $51.41 million in revenue during Q3, but reported earnings showed a $31.35 million loss. </p> <h3>What Is Return On Capital Employed?</h3> <p>Changes in earnings and sales indicate shifts in Tilray&#039;s Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/21014966/looking-into-tilrays-return-on-capital-employed alt=Looking Into Tilray&#039;s Return On Capital Employed>Full story available on Benzinga.com</a></p> BZI-ROCE Cannabis News TLRY Markets TLRY US88688T1007 News Cannabis Markets Benzinga Fri, 07 May 2021 15:59:51 +0000 Benzinga Insights 21014966 at https://www.benzinga.com Canadian Cannabis Producers Are Dependent On Value Flower: Analyst https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21013594/canadian-cannabis-producers-are-dependent-on-value-flower-analyst <p>Canadian licensed cannabis producers have been faced with challenges imposed by ongoing price deflation, COVID-19 lockdowns and uncertainty over whether and when U.S. federal legalization will occur.</p> <p>As a result, some Canadian cannabis companies have become dependent on value flower, according to a Cantor Fitzgerald analyst.&nbsp;</p> <h3>The Cannabis Analyst</h3> <p>Pablo Zuanic discussed value flower dependency across Canadian LPs, citing <strong>Canopy Growth Corporation</strong> (NYSE: <a href="https://www.benzinga.com/stock/cgc#NYSE">CGC</a>) (TSX: WEED) as the company with the highest exposure to the segment &mdash;&nbsp;with 48% of recreational cannabis sales coming from value flower (below $6 per gram) in the first quarter of 2021.</p> <h3>The Cannabis Takeaways</h3> <p>Canopy&rsquo;s industry peers posted similar results, Zuanic said in a Thursday note.</p> <p>About 39% of <strong>Aurora Cannabis&#39;</strong> (NYSE: ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21013594/canadian-cannabis-producers-are-dependent-on-value-flower-analyst alt=Canadian Cannabis Producers Are Dependent On Value Flower: Analyst>Full story available on Benzinga.com</a></p> ACB Analyst Color APHA Cannabis Cantor Fitzgerald CBWTF CGC HEXO OGI Pablo Zuanic Penny Stocks SNDL SPRWF TLRY VFF Small Cap Markets Analyst Ratings CGC SPRWF CA86863P1099 OGI ACB VFF CBWTF TLRY US88688T1007 APHA HEXO SNDL Analyst Color Penny Stocks Cannabis Small Cap Markets Analyst Ratings Benzinga Fri, 07 May 2021 15:56:37 +0000 Jelena Martinovic 21013594 at https://www.benzinga.com How Psychedelics Without Hallucinogenic Effects Could Revolutionize Psychiatry https://www.benzinga.com/markets/cannabis/21/05/20978061/how-psychedelics-without-hallucinogenic-effects-could-revolutionize-psychiatry <p>A new study published in the peer-review journal&nbsp;Cell&nbsp;looks at a novel compound capable of providing some of the therapeutic properties of psychedelics without hallucinations.</p> <p>The paper, co-authored by <strong>Delix&nbsp;Therapeutics</strong> co-founder and chief scientific officer David Olson, Ph.D., posits that the novel molecule &mdash;&nbsp;baptized &ldquo;DLX-1&rdquo; &mdash;&nbsp;may have the potential to produce some of the antidepressant effects of classic psychedelics without altering one&rsquo;s perception or producing a mystical&nbsp;experience.</p> <p>Delix Therapeutics, a Boston-based biotech company, develops novel psychedelic-derived medicines and therapies to treat serious psychiatric and neurological conditions.</p> <p>&ldquo;Psychedelics, like LSD and psilocybin, impact the brain in two profound ways,&rdquo; Olson told Benzinga.&nbsp;</p> <p>&ldquo;They induce mystical-type experiences and enhance neuroplasticity. Increasing evidence from both preclinical and clinical studies suggests that these properties can be decoupled.&rdquo;</p> <p>The results were found via in-vitro analysis and animal studies. Human testing would be required to ultimately prove that DLX-1 is capable of producing antidepressant effects without hallucinations.</p> <h3>Psychedelics Without Hallucinogenic Effects?</h3> <p>Much of psychedelics&rsquo; promising potential as a therapeutic agent is embedded in the framework of psychedelics-assisted psychotherapy. This type of therapy combines the consumption of a psychedelic substance with therapy and integration.</p> <p>Ongoing Phase 2&nbsp;and Phase 3&nbsp;clinical trials on psilocybin and MDMA look at the use of these molecules in conjunction with talk therapy.</p> <p>These trials have found that the combination of a psychedelic experience with proper accompaniment can produce promising results in the treatment of severe depression, addiction and post-traumatic stress disorder.</p> <p>Scientists working in the psychedelics space are looking at ways to improve the efficacy of these molecules with the goal of opening the door to a plethora of new possibilities that would enable the use of psychedelics without professional supervision.</p> <p>One of the challenges is to prove that these altered molecules can produce a successful therapeutic effect without inducing a hallucinogenic state.</p> <h3>Enter Psychoplastogens</h3> <p>Delix Therapeutics uses the ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20978061/how-psychedelics-without-hallucinogenic-effects-could-revolutionize-psychiatry alt=How Psychedelics Without Hallucinogenic Effects Could Revolutionize Psychiatry>Full story available on Benzinga.com</a></p> Cannabis David Olson Delix Therapeutics Dr. Albert Garcia-Romeu Dr. Charles Raison psychedelics Psychoplastogens Health Care Top Stories Markets General Cannabis Health Care Top Stories Markets General Benzinga Fri, 07 May 2021 15:42:12 +0000 Natan Ponieman 20978061 at https://www.benzinga.com Jefferies Upgrades Tilray On EU, US Prospects https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21013691/jefferies-upgrades-tilray-on-eu-us-prospects <p>The merger between <strong>Tilray Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) and Aphria was a &ldquo;perfect match&rdquo; and the entity could generate pro-forma sales growth of 33% between fiscal 2021 and 2024, according to Jefferies.</p> <p><strong>The Tilray Analyst: </strong>Owen Bennett upgraded the rating for Tilray from Underperform to Buy, while raising the price target from $4.77 to $23.</p> <p><strong>The Tilray Thesis:</strong> The company has a stronger sales and profit growth profile than its closest Canadian peers, <strong>Canopy Growth Corp</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>) and <strong>Cronos Group </strong>(NASDAQ: <a class="ticker" ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21013691/jefferies-upgrades-tilray-on-eu-us-prospects alt=Jefferies Upgrades Tilray On EU, US Prospects>Full story available on Benzinga.com</a></p> Analyst Color Cannabis cannabis industry CGC CRON Jefferies Owen Bennett TLRY Upgrades Price Target Markets Analyst Ratings CGC CRON TLRY US88688T1007 Analyst Color Cannabis Upgrades Price Target Markets Analyst Ratings Benzinga Fri, 07 May 2021 15:35:15 +0000 Priya Nigam 21013691 at https://www.benzinga.com This Company Promises To Change CBD Industry With Blockchain https://www.benzinga.com/markets/cannabis/21/05/20996092/this-company-promises-to-change-cbd-industry-with-blockchain <p>Cryptography has provided the global community with a variety of innovative tools for expanding social, economic&nbsp;and financial capabilities. One of these is blockchain, the decentralized network that gives structure to the entire booming crypto-space.</p> <p>Blockchain is a tool that can be applied in numerous ways. One of them is product tracing from seed to shelf.</p> <p>Several cannabis companies, including <strong><a href="https://www.benzinga.com/markets/cannabis/20/07/16651143/medipharm-labs-joins-blockchain-project-to-track-medical-cannabis">MediPharm</a></strong>&nbsp;(TSX: <a href="https://www.benzinga.com/stock/LABS#TSX">LABS</a>), <strong><a href="https://www.benzinga.com/markets/cannabis/21/03/19917877/trutrace-teams-up-with-pharma-centra-on-blockchain-ecosystem-for-medical-cannabis">TruTrace</a></strong>&nbsp;(CSE: <a href="https://www.benzinga.com/stock/TTT#CSE">TTT</a>) and&nbsp;<strong><a href="https://www.benzinga.com/markets/cannabis/20/06/16191449/this-company-is-tracking-weed-from-sprout-to-packaging-with-blockchain-technology">Uruguay Cann</a></strong>, are already applying blockchain to&nbsp;industrial processes.</p> <p><strong>Quannabu</strong> wants to join the list. The tech company has its sights&nbsp;on how to &ldquo;revolutionize the way CBD supply chains ...</p><p><a href=https://www.benzinga.com/markets/cannabis/21/05/20996092/this-company-promises-to-change-cbd-industry-with-blockchain alt=This Company Promises To Change CBD Industry With Blockchain>Full story available on Benzinga.com</a></p> Blockchain Cannabis CBD Cryptocurrency Quannabu Markets Cannabis Cryptocurrency Markets Benzinga Fri, 07 May 2021 15:23:38 +0000 Jose Rodrigo Safdiye 20996092 at https://www.benzinga.com