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Hey, moneymaker 110, Post this on POTN, I am restricted to 1 post a day.
PotNetwork Holdings Releases Audited Financials Showing Over $25 Million in Revenue for 2018
Press Release | 04/11/2019
PotNetwork Holdings, Inc. (OTC Pink: POTN) (“the company”) today released their fully audited financial statement which shows that the company has made $25 million in revenue over the course of 2018, a 78% increase compared to POTN’s performance in 2017.
This growth has been driven primarily the company’s wholly-owned subsidiary, Diamond CBD, Inc. The company has cemented its position as an industry leader in the growing market for premium hemp extracts. It has seen success by leveraging an aggressive marketing campaign focused on educating consumers about CBD and demonstrating the company’s unique suite of niche CBD products.
The company took advantage of its momentum to expand its research and development, educational marketing campaigns, and successful distribution of an ever-growing range of hemp-derived cannabinoids and other natural hemp derivatives.
PotNetwork Holdings also reported that sales of Diamond CBD Products are coming 60% from its wholesale distribution network and 40% from online sales including from www.diamondcbd.com.
“I am extremely pleased with our year-over-year growth,” said Kevin Hagen, CEO of PotNetwork Holdings, Inc. “These fully audited financial statements underline an incredible year for PotNetwork Holdings and are the culmination of a lot of hard work and are a sign of great things to come over the course of the next year.”
In addition to their financial statements the company will shortly be releasing an open letter to shareholders providing an update on all of the activities of the past year and putting the company’s situation and successes into context.
About Diamond CBD, Inc.: Diamond CBD focuses on the research, development, and multinational marketing of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives. Diamond CBD’s team consists of hemp industry pioneers and natural product experts, chemists, doctors and scientists, dedicated to producing the finest and purest cannabidiol (CBD) oils. The result is a robust selection considered among the most powerful natural CBD oils, tinctures, edibles, and vape liquids found anywhere. For more information, please visit its website at www.DiamondCBD.com.
About PotNetwork Holdings, Inc.: PotNetwork Holdings, Inc. (OTC Pink: POTN) is a publicly traded company that acts as a holding company for its principal subsidiaries, First Capital Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond CBD products.
Safe Harbor: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB)
Aurora has been a bit of a sleeping giant that many investors feel is about to do something special. After bringing on a billionaire investor with loads of contacts spanning many industries, The Company has no doubt been looking at its options. Aurora also hired Carey Squires as Executive Vice President of Corporate Development and Strategy. Squires has lots of experience in banking and brokering deals as The Company looks to utiliz e his knowledge and expertise to help grow Aurora's brand.
In this new position, Carey will be a core member of Aurora's senior management team, executing on the development of key strategic initiatives, including partnerships and M&A opportunities. We look forward to working closely with Carey to leverage his extensive knowledge in the execution of our investor development, international growth and partnership strategies, sourcing potential accretive opportunities in the global cannabis industry and negotiating favourable business transactions
NEWS!
BusinessWire, GlobeNewswire and PR Newswire News
Eagle Oil Holding Co Inc EGOH:OTC Pink - No Information
Eagle Oil Holding Company Inc/Green Stream Finance Newly Appointed CEO Madeleine Cammarata Issues Letter to Shareholders
GlobeNewswire
8:29 AM ET
via OTC PR WIRE --Eagle Oil Holding Company Inc. (OTC: EGOH) President and CEO Madeleine Cammarata, issues the following letter to shareholders:
Dear Fellow Shareholders:
I'd like to introduce myself and update you on Green Stream Finance's initiatives toward expedited growth and increase in shareholder value as we continue to cultivate fundamental impact toward success for all involved.
Per previou s announcements, our management team has been working diligently with previous management to effect the merger and Board of Directors for both companies have finalized due diligence and we are happy to announce that the merger is completed. All previous management, officers and directors will be removed as we complete steps to ensure all filings are current and up to date with OTC Markets.
We are pleased to have recently rounded out our Board with the addition of James Ware as a director. As previously announced, Mr. Ware previously generated over $35 million in revenue for Hughes Network/DirecTV in combined product sales, television programming, and hardware equipment sales and distribution. His award winning company was the #1 Elite Dealer for Hughes Network/DirecTV in Midwest North America, and #1 in EchoStar/Dish network sales. In addition to his extensive background in sales and marketing, Mr. Ware is vastly experienced in the field of construction and solar development.
Mr. Ware will be involved in the sales division of the company as well as acting in the capacity of VP of Solar Construction. Before coming on board with Eagle Oil, Mr. Ware was a partner and project manager for Matrix, LLC's commercial real-estate division, Las Vegas, NV. He was charged with overseeing over $20 million in new project development properties on the Las Vegas strip, and a multi dwelling, 28 custom home build in Suburban Las Vegas, NV.
The Company has submitted for an official name change with FINRA from Eagle Oil Holding Company to Green Stream Holdings, Inc. so we are properly positioned with our brand as we continue to gain traction toward becoming a key player the arena of financing of solar greenhouses, and solar farms through the use of rooftops of buildings, providing immediate tangible commercial value to the structures once implemented.
Green Stream's mission is to provide its clients with innovative solar infrastructure solutions as well as financing that allows them to further distribute their energy-efficient services and products like rooftop vegetables. Due to its rapid growth, it has become an industry leader in financing companies that operate in an environmentally friendly manner.
We are also confident our company can play a significant role in the world of agriculture and companies involved in food processing as well as marketing and distribution of vegetables. Our solar technology allows companies to grow fresh veggies year-round using our proprietary system that can provide solar energy year-round. For more information please visit our website at www.greenstreamfinance.com.
With the Green Stream rooftop method of growing vegetables, the grower incurs tremendous saving in handling, transporting, and marketing the product. It is estimated that a supermarket or processing company will be able to produce up to 100,000 pounds of lettuce per year.
In addition to the cost savings, consumers benefit thru a longer growth cycle, thereby making the vegetables fresher and less expensive to the consumer, while reducing the carbon footprint that comes from the elimination of hundreds of trucks going up and down the highway to pick up and deliver vegetables that are now grown on the rooftop.
We are currently in the process of building a unique solar greenhouse in Las Vegas that will be a showcase as to what is to come. Visit the website for the virtual tour.
I'm sure you will be impressed, and maybe even a little proud of the small part that we can all play in cutting carbon emissions, and greenhouse gases by eliminating thousands of delivery trucks around the country driving up and down the highway to deliver vegetables, that are now grown on rooftops in every local neighborhood.
We believe that this concept is a gamechanger and the results will show up as soon as the first harvest starts to bear its fruits. We believe that if we are correct, the market and share price will respond accordingly.
I intend to keep you all informed as to current events, as well as longer range plans that will impact the growth of our company.
Meanwhile, if you have any questions or comments, feel free to send them to the email address below.
Thanks much for your continued support.
Madeleine Cammarata, President
Cannabis Securities Trading on The OTC Markets Saw Dramatic Volume Increases In March
4/10/19 1:43 PM ET (Benzinga)Print
Even in what has been a notoriously high-volume sector, March was a particularly strong month for cannabis securities that trade on OTC Markets.
Six of the top 10 most active securities in March on the OTCQX Best Market, the top trading tier, were cannabis companies.
Investors were likely cheering the bevy of positive headlines that came out of the industry throughout the month. Despite New Jersey canceling a vote on whether to legalize the drug, cannabis took a big step forward in March with the SAFE Banking Act. The bill, which would allow financial institutions to work with marijuana businesses, advanced to markup in the House Financial Services Committee. This is the furthest a cannabis-related banking bill has ever advanced in Congress.
On top of that, legendary hedge fund manager Nelson Peltz gave one of the biggest endorsements of cannabis investing to date when he joined the board of Aurora Cannabis Inc. (NYSE: ACB).
The top 10 most active securities on the OTCQX and OTCQB Markets are listed below. What’s interesting is how large the month-over-month increases in volume were for some of these securities. Curaleaf Holdings Inc. (OTCQX: CURLF) had nearly $179 million in dollar volume in March, a 1,023 percent increase from February.
Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF) traded over $134 million in dollar volume, a 107 percent increase from February. Additionally, CV Sciences, Inc. (OTCQB: CVSI) saw a 168 percent month-over-month increase in volume on the OTCQB Venture Market.
Rounding out the most active securities on the OTCQX Market, Organigram Holdings, Inc. (OTCQX: OGRMF), Charlotte’s Web Holdings Inc. (OTCQX: CWBHF), Acreage Holdings Inc. (OTCQX: ACRGF), and Medmen Enterprises Inc. (OTCQX: MMNFF) combined for over $435 million in dollar volume last month.
Other Most Active OTCQX And OTCQB Securities In March
Cannabis isn’t the only industry represented among the most active OTCQX and OTCQB securities in March. As we’ve seen in past months, multi-nationals like Roche Holding Ltd (OTCQX: RHHBY), BNP Paribas (OTCQX: BNPQ), and Danone (OTCQX: DANOY) were among the most-active securities for the month, as was the Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC).
Multiple common and preferred share classes of mortgage liquidity providers Fannie Mae (OTCQB: FNMA), and Freddie Mac (OTCQB: FMCC) were highly traded as well, continuing a recent theme.
March’s Top 10 Most Active OTCQX Securities
Company NameCountryMarch Dollar Volume
Roche Holding Ltd (OTCQX: RHHBY)Switzerland$625,451,329
Grayscale Bitcoin Trust (BTC) (OTCQX: GBTC)U.S.$184,040,339
BNP Paribas (OTCQX: BNPQY)France$182,954,009
Curaleaf Holdings Inc. (OTCQX: CURLF)U.S.$178,986,927
Green Organic Dutchman Holdings Ltd. (OTCQX: TGODF)U.S.$134,445,532
Organigram Holdings, Inc. (OTCQX: OGRMF)Canada$119,163,368
Danone (OTCQX: DANOY)France$113,653,691
Charlotte's Web Holdings Inc. (OTCQX: CWBHF)U.S.$112,221,863
Acreage Holdings Inc. (OTCQX: ACRGF)U.S.$104,114,909
Medmen Enterprises (OTCQX: MMNFF)U.S.$100,063,955
March’s Top 10 Most Active OTCQB Securities
Company NameCountryMarch Dollar Volume
Fannie Mae (OTCQB: FNMA)U.S.$327,891,379
Fannie Mae (OTCQB: FNMAS)U.S.$220,132,923
Freddie Mac (OTCQB: FMCKJ)U.S.$201,042,290
CV Sciences, Inc. (OTCQB: CVSI)U.S.$182,785,470
Freddie Mac (OTCQB: FMCC)U.S.$144,340,448
KushCo Holdings, Inc. (OTCQB: KSHB)U.S.$68,245,812
Freddie Mac (OTCQB: FMCKM)U.S.$56,735,988
NaturalShrimp Incorporated (OTCQB: SHMP)U.S.$50,444,586)
Fannie Mae (OTCQB: FNMAN)U.S.$30,313,950
MPM Holdings Inc. (OTCQB: MPMQ)U.S.$28,017,408
OTC Markets is a content partner of Benzinga
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tilray is ACB's middleman beeyatch!
ACB is as $ as Michael Jordan. CGC got nothing on ACB. Tilray Got Nothing on ACB... Cron got nothing ACB...
I think we are golden
I borrowed $ from TD at 8.72 on ACB. I have a large margins balance at the moment.
u've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
BusinessWire, GlobeNewswire and PR Newswire News
Canopy Growth Corp CGC:NYSE
Cannabis Solidifies its Global Stature as Key Nations Adopt More Lenient Regulations
PR Newswire
9:00 AM ET
Cannabis has grown into a global force recently, driven specifically by the spur of ongoing legalization efforts. Despite cannabis still being illegal in most countries, the movement for legalization is stronger than it's ever been. In October 2018, Canada became the second country to ever legalize cannabis entirely, joining Uruguay on that short list. Shortly after, the U.S. held its mid-term elections in November where Missouri, Michigan, and Utah all legalized cannabis on a certain level. Meanwhile, globally, a string of countries such as Australia, Germany, and South Korea began accelerating their medical cannabis programs. Furthermore, Argentina, Columbia, the Netherlands, Spain, and many others have decriminalized cannabis, allowing for personal moderate consumption. Moreover, hemp-derived CBD products like tinctures, creams, and oils are seeing massive exposure because they are legal within the U.S. The proliferation of cannabis legalization is leading to an explosive emerging global marketplace, where many investors and entrepreneurs have noticed. Cannabis-based companies have expanded significantly over the past few years due to these political trends as well. And many of the top players within the industry have already implemented international operations, as the medical cannabis industry currently accounts for the majority of the market share globally. However, the North American region is expected to shift the market share from medical to recreational, primarily due to U.S. states like Colorado, California, Washington, and Nevada and the maturing Canadian recreational market. According to data compiled by Mordor Intelligence, the global cannabis market was valued at USD 7.7 Billion in 2016 and is expected to reach USD 65 Billion by 2023. Additionally, the market is expected to grow at a robust CAGR of 37% throughout the forecast period from 2019 to 2024. WeedMD Inc. (OTC: WDDMF) (TSX-V: WMD), Tilray, Inc. (NASDAQ: TLRY), Canopy Growth Corporation (NYSE: CGC) (TSX: WEED), New Age Beverages Corporation (NASDAQ: NBEV), Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON)
The cannabis industry still remains in its infancy stage, due to the enforced regulatory restrictions. Due to the Single Convention on Narcotic Drugs, cannabis remains a Schedule 1 drug internationally, which is the strictest regulation. However, the World Health Organization (WHO) proposed a recommendation to reschedule cannabis due to its medical benefits. Furthermore, the U.S. Drug Enforcement Agency took notice and delisted CBD as a Schedule 1 and reclassified it as a Schedule 5. The United Nations Commission met throughout March 2019 to discuss matters of cannabis legalization. The U.S. in particular was interested in discussing the legality matter revolvin g around cannabis. Additionally, the U.S. Food and Drug Administration is holding its first public hearing on CBD in May, as the agency looks to legalize cannabis in food and drinks. Outgoing FDA Commissioner Scott Gottlieb is collecting data to prove the credibility of cannabis and its therapeutic effects. Previously, cannabis was heavily restricted internationally and resulted in harsh consequences if users were caught. Now, the industry has transitioned after many countries began to explore opportunities within the market. "The industry is at about 5 percent of what it will be someday," concurs Tyler Stratford, Director of Client Operations for cannabis consulting firm Canna Advisors. "Even if the path forward isn't straight, we're certainly on a path forward. The tide has changed, and there's no turning it back now."
WeedMD Inc. (OTCQX: WDDMF) (TSX-V: WMD) is also listed on the TSX Venture Exchange under the ticker (TSX-V: WMD) and a federally-licensed producer and distributor of medical-grade cannabis, just announced breaking cannabis news this morning that, "it has closed on the purchase of an additional 60 acres of prime land located directly adjacent to its 98-acre Strathroy property. WeedMD's outdoor grow now has the potential to increase to more than 100 acres. As previously announced, the Company has applied to Health Canada for an amendment to its Strathroy licence to expand beyond its greenhouse cultivation with an initial 25-acre, low-cost, outdoor grow operation in 2019. Link to release here. An additional 25 acres had previously been planned to come online as Phase II in 2020. With today's announcement, Phase II will increase to 75 acres for an overall outdoor cultivation of 100 acres online by 2020.
Pending Health Canada approval, WeedMD's outdoor grow is expected to increase its total yield to more than 100,000 kgs of cannabis in 2020 and more than 150,000 kgs when combined with its greenhouse cultivation. Outdoor grow video here: https://www.youtube.com/watch?v=QnApYAnXDtw
"With the amalgamation of this property and our existing licensed footprint, we now own more than 160 acres of contiguous land in Strathroy - that's 100 adjoining acres of prime workable agricultural land for outdoor cultivation. WeedMD is well-positioned to be the industry leader setting the benchmark for low-cost, scalable, quality-driven outdoor production in Canada," said Keith Merker , CEO of WeedMD. "As one of the first out of the gate, our experienced cultivation team has started onsite preparedness with ready-tested genetics and clones being propagated at our state-of-the-art greenhouse. The ability to produce consistent strains for dried flower, extracts and concentrates at a fraction of the cost of other production platforms will give us a strategic edge as we expand our product lines and commercial reach with our first outdoor harvest expected in fall 2019."
"Our Strathroy property was strategically selected in 2017 for its modern greenhouse and future growth potential. The vast outdoor property has full sunlight, an abundance of air flow, a protective buffer zone of trees and proximity to our infrastructure and propagation operations at the greenhouse. We have now cap italized on the opportunity to expand across perfectly-maintained adjacent lands already primed for outdoor cultivation - all of which can now be easily folded into our licensed property," said Derek Pedro, Chief Cannabis Officer of WeedMD. "With the purchase of the adjacent 60 acres of land for outdoor grow, we're well on our way to rapidly scaling production, with Phase II bringing us to full capacity in 2020."
About WeedMD Inc. - WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis products for both the medical and adult-use markets. The Company owns and operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse and outdoor facility located in Strathroy, Ontario. The C ompany currently has 136,000 square feet of licensed production space and is expected to have a total footprint of more than 550,000 square feet of indoor and greenhouse production in addition to more than 25 acres of outdoor cultivation space online in the first half of 2019. WeedMD has a multi-channeled distribution strategy that includes selling directly to medical patients, strategic relationships across the seniors' market and supply agreements with Shoppers Drug Mart as well as six provincial distribution agencies"
For our latest "Buzz on the Street" Show featuring WeedMD Inc. recent corporate news, please head over to: https://www.youtube.com/watch?v=5Ye5zahoypA
Tilray, Inc. (NASDAQ: TLRY) is a global pioneer in the research, cultivation, production and distribution of cannabis and cannabinoids currently serving tens of thousands of patients and consumers in twelve countries spanning five continents. Recently, Natura Naturals Inc., a wholly-owned subsidiary of Tilray, Inc. and High Park Holdings Ltd., has received a standard processing license under the Cannabis Act. The Natura greenhouse facility, which previously held a standard cultivation license, will now be able to manufacture a wide range of cannabis form factors from cannabis starting material, including oil, pre-rolls, and novel formats such as topicals and edibles. Natura, which will operate under High Park Gardens Inc., was acquired by Tilray in February 2019 to serve the adult-use and medical cannabis market in Canada alongside Tilray's existing operations. The site is a 662,000 sq. ft. greenhouse facility with 155,0 00 sq. ft. licensed for cultivation. The addition of a standard processing license means that High Park Gardens will be able to process cannabis raw material cultivated on site - as well as raw material sourced from other cannabis licensees - into a variety of value-add product formats. This development provides Tilray's facilities additional flexibility in the manufacture of products for the Canadian cannabis market, and in the development of novel products in preparation for the legalization of additional cannabis products, including tinctures, concentrates and edibles, in Canada later this year. "The acquisition of High Park Gardens in February allowed us to significantly increase our production footprint," says Greg Christopher, EVP Operations, Tilray. "With this additional licensing, we're pleased to have expanded Tilray and High Park's capacity to develop and manufacture high-quality branded products for the Canadian market."
Canopy Growth Corporation (NYSE: CGC) (TSX: WEED) is a world-leading diversified cannabis and hemp company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms. Canopy Growth Corporation recently announced that it has received a cultivation license from Health Canada for its facility in Fredericton, New Brunswick. With this licensing, Canopy Growth predicts the facility will initially produce more than 5,000kg of cannabis annually, with first harvests expected to become available to the market within six months. Developed in collaboration with Canopy Rivers Inc. (TSXV: RIV) and operating under Canopy Growth's flagship Tweed brand, the facility will support the Company's global and local operations with high quality, large-scale cannabis production capabilities that will serve the needs of recreational and medical customers. To meet that demand, Canopy Growth expects to create more than 130 jobs at the Fredericton plant. "New Brunswick has emerged as a leader in the legal cannabis sector and the province is an excellent place to do business," said Bruce Linton, co-Chief Executive Officer and Chairman, Canopy Growth. "We will leverage our existing operational expertise to ensure we support the needs of our customers while making a meaningful contribution to the local economy primarily through new job creation."
New Age Beverages Corporation (NASDAQ: NBEV) is a Colorado and Utah-based healthy beverage company dedicated to inspiring and educating consumers to live healthy. New Age Beverages Corporation recently announced the distribution expansion of their Marley brand with Walmart, the world's l argest retailer. Following a complete redevelopment of the Marley portfolio following the acquisition by New Age in mid-2017, which included the development and launch of Organic Marley Mate and Marley Cold Brew, the Marley brand was one of the New Age's leading brands in growth in 2018 with increased demand of more than 70%. Marley Mate led its segment and drove category growth, and the resurgence of the Marley Mellow Mood Relaxation Drinks following its remake has paved the way for the launch of Marley Mellow Mood + CBD, which is launching globally in 2019. Craig Thibodeau, Vice President of Key Accounts for New Age stated, "This is such a great accomplishment for New Age to gain its first national distribution, and to do so with the world's largest retailer in Walmart. This is just the first initiative that we expect to do with them on the Marley brand and other New Age products on which we are in active discussions. We know Walmart is equally as committed as New Age to providing healthier products for their customers, and we expect to make the full portfolio of New Age's better-for-you products available as we expand the relationship."
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) is a globally diversified and vertically integrated cannabis company with a presence across five continents. Cronos Group Inc. recently announced that the CAD 2.4 Billion equity investment in the Company by Altria Group, Inc. (NYSE: MO) has closed. As previously announced, Altria's investment represents an approximate 45% ownership interest in Cronos Group. Altria also has a warrant to acquire additional ownership in Cronos Group, which is exercisable over the next four years. If exercised in full , the warrant would increase Altria's ownership in Cronos Group to approximately 55% and provid e Cronos Group with additional proceeds of approximately CAD 1.4 Billion. "We are delighted to close this transaction and kick-off a relationship that we expect to lead to significant growth and value creation," said Mike Gorenstein, Cronos Group's Chairman, President and Chief Executive Officer. "Altria's investment and the services they will provide to Cronos Group will enhance our financial resources, and allow us to expand our product development and commercialization capabilities, and regulatory expertise to better position Cronos Group to compete, scale and lead the rapidly growing global cannabis industry. We look forward to the many opportunities we expect this relationship to create."
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Aurora Sun Facility Highlights:
-- 37 growing rooms, each at 32,500 square feet
-- At full operation, there will be more than 1,000,000 plants in various stages of growth in the facility at any given time
-- Increased automation through next generation robotic shuttles to mobilize benches, increasing operational speed and facility efficiency, while allowing for multiple product streams simultaneously
-- Expanded and upgraded facility automation systems for cloning and production, further lowering anticipated production costs
-- Next generation, low maintenance climate management system for superior plant health, yield and cannabinoid potency
-- Upgraded weather readiness design to drive even greater operating efficiencies
-- Additional energy efficiency/energy management via improved implementation of thermal screens
-- Improved GMP/GACP segregation between grow, harvest, and post-production to facilitate faster and most efficient work flow
-- Higher throughput post-harvesting systems, including drying systems, to reduce product time to market
Ground work at the facility is nearing completion, erection of the steel structure is advancing and installation of the glass at Sun is expected to be completed in May 2019. Like Aurora Sky, Health Canada licensing requests have determined that rooms will be available for planting before the entire facility is completed.
Quality news. Good DD!
*Shares of several cannabis stocks trading lower despite an overnight report from Archview Market Research and BDS Analytics which showed the Canadian cannabis market could reach $5.2 billion by 2024. Not seeing other sector-wide news to justify sell off.
4/9/2019 (Benzinga)
Big news should be dropping every week with ACB with all the countries they are in. Nelson Peltz and that BMO dude are going to have things cooked up in no time. $20 PPS overnight, it's coming. Altria/Constellation type news and it's going to be an epic premarket...
One standout among the most purchased stocks among TDA clients was Aurora Cannabis Inc. (NYSE: ACB). Neither a value name nor a safety investment, Aurora drew massive investor interest upon the announcement that Nelson Peltz would be joining the company as a strategic adviser. Aurora ended the month up more than 23 percent
I feel it too Teazzzz...
Blue Zkittlez vape high, I.P.A'n since the bell. ABC's weak hands will be wishing that they held.
ACB is massive in such a short time because Cannabis is super profitable when you grow it more efficiently, less costly, and better than the competition the way ACB does.
Every time a state or Country legalizes cannabis, it is insane the amount of money that is made in the first couple few years. They be getting a surplus in taxes, cutting checks to citizens because the state collected too much in taxes from Cannabis sales.
ACB is going to be the company capitalizing on all that hysteria over cannabis every time it's legalized somewhere new that ACB is in. They are going to be in all these countries running monopolies damn near for at least 3 to 5 years. Medical dispensaries are always very busy. Recreational ones are also. Any facility ACB builds in any country will pay for itself, "especially when ACB is one of the only companies operating in it". Guaranteed!.
ACB is going to make a killing in Germany. Most These analysts from wall street probably never been in a dispensary, dealt with the black market, or even been high most of them. They are beyond ultra conservative. Straight edge republican Christian politicians never understood cannabis, I highly doubt Wall Street is much different. ACB is bigger than any conservative analyst says it is.
Hell yeah it is! It's so much bigger than people realize.
Germany has always been known for its superior engineering and craftsmanship. They awarded ACB 5 lots of 13, more than any one of 3 chosen out of more than 79 participants. That says a lot to the quality of ACB. Aldi was created in Germany. The most efficient grocery store with the highest quality food for the lowest prices anywhere. Fastest growing supermarket in the world since the 1970's. Mercedes-Benz and BMW is from Germany. Superior transmissions and engines. Germany is serious about quality and performance. They picked ACB for a reason. I love German products.If ACB is recognized as the best company to serve Germanys medical marijuana industry. That says a lot on the quality of ACB IMO.
Tili Tili ray ray oh so small, just another one of ACB's middlemen, an overrated pawn.
Is Tilray buying from ACB? That what it seems like is possible from that article earlier. Tiray is ACB's middleman damn near. Bring some of that overrated market cap over here to ACB.
I was reading damn near all the analysts have ACB as a buy or hold. Today is a gift. Wish I had more $ to load more. ACB is the solution to the sup-par cannabis Tiray and so many others are growing. IMO, Choom, Tgod, Whistler, this is why ACB invested/ or acquired them in the first place. I expect now is the time to invest in these companies. Them and a few other players waiting for this climate. VIVO, Hexo, ORganigram, and Supreme Cannabis are all going to shine brightly IMO. I can't stand average or low-grade cannabis... It's a waste of your lungs. Save your lungs for the AAA+++ grade products.
4/20 is near.
This isn't an ACB problem. ACB grows A+++ grade buds. Tilray is so over rated.
Marijuana Stocks Are Falling Because There's Too Much 'Sub-par Quality' Pot -- Barrons.com
4/8/19 4:02 PM ET (Dow Jones)Print
By Connor Smith
Several Canada-based marijuana growers could be impacted by a build-up of un-sellable "sub-par quality" cannabis, as well as a slower rollout of retail sales, one of Wall Street's top marijuana analysts said Monday.
Her warning helped push down the U.S.-listed stocks of Canadian marijuana companies.
The back story. Tilray (TLRY) reported $43 million in sales in 2018, but in a conference call with investors last month, CEO Brendan Kennedy said it's been hard to find good marijuana. Canadian growers have been hurt by a shortage of quality cannabis.
Tilray was forced to buy cannabis on the wholesale market, pinching gross margins in its December quarter, from 57% to 20% compared to the same period a year earlier.
"We achieved this growth despite supply chain constraints across Canada, " Kennedy said, "that have created pricing pressure for cannabis that meets our quality standards, forcing us to source from other suppliers."
Kennedy said he expected the marijuana market to slip into oversupply in the following 18 months, like what happened in Washington state and Oregon, where production caught up with demand and prices fell.
What's new. Cowen analyst Vivien Azer lowered her first-half expectations for a handful of Canadian growers in a note on Monday. She cited continued supply constraints, as well as retail rollout concerns.
The disconnect between reported inventory levels and constraints likely reflect International Financial Reporting Standards accounting nuances, where for many licensed producers, mark-to-market accounting is "likely over-valuing crop reporting that are not ready for sale," Azer wrote. Another factor is "sub-par quality" cannabis that cannot be sold.
"In aggregating incremental data points (particularly given the sequential revenue declines in January) and company commentary, our current read suggests that [first quarter] growth will likely be modest, " she wrote.
Aurora Cannabis stock (ticker: ACB) was down 1.26% to $9.04 shortly before the market closed on Monday. Canopy Growth stock (CGC) was down 1.39% to $42.64. Cronos stock (CRON) was down 4.64% to $17.55. Hexo Corp stock (HEXO) was down 0.9% to $6.57, and Tilray stock was down 4.84% to $56.66.
Looking ahead. Mid-sized producers like Tilray, Cronos, and Hexo anticipate additional supply in the second half of 2019, according to Azer. Large-scale growers like Aurora Cannabis and Canopy Grow could also be impacted by a slower retail rollout, especially in Ontario, she noted.
Azer maintained an Outperform rating on Tilray, Aurora, and Canopy, and a Market Perform Rating for Cronos Group. Still, she lowered revenue expectations, mostly during the first-quarter, for all of them.
(END) Dow Jones Newswires
April 08, 2019 16:02 ET (20:02 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1,000,000 ha not 10,000 ha
lobal leader in cannabis production & commercial distribution of Cannabinoid Oil
Leading the disruption of the global cannabis industry by turning cannabis and Cannabinoid Oil into an insurable commodity
Exclusive right and license to grow, cultivate, and process (for export and sale) medical pharmaceutical cannabis in the DRC
50-year partnerships with the newly elected DRC government & the SACCOS (the region's largest farming co-operative) - gives Instadose 1,000,000+ hectares (ha) of land in the aggregate for cannabis production & cultivation
Existing 5-year supply agreements for Cannabinoid Oil with leading global buyers generating USD$4.375B+ in revenue to Instadose
GMP Certified & pharmaceutically accredited with EU Pharmacopeia Standards
Talented and respected management team with proven track records in the cannabis, pharmaceutical, and capital markets space
Anticipated listing on North American and European stock exchanges
10,000 ha of land
50-year Exclusive Rights
Utility Costs Subsidized by the new DRC Government
Approximately USD$300 Million in existing infrastructure
80/20 profit share in favour of Instadose.
Gold Fever! GNCP Gold asset money.. I Can't wait till we find out what they will do with it.
PDATE: Gold settles back above $1,300 for first time in over a week
Today 2:13 PM ET (MarketWatch)
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Print
Gold futures settled back above $1,300 an ounce on Monday (http://www.marketwatch.com/story/gold-rebounds-on-dollar-slump-stock-uncertainty-after-sps-run-2019-04-08) for the first time in a week and a half, buoyed by weakness in the dollar, as benchmark U.S. stock indexes traded mostly lower. June gold climbed by $6.30, or 0.5%, to settle at $1,301.90 an ounce on Comex. That was the first finish above $1,300 and highest settlement for a most-active contract since March 27, according to FactSet data.
Aurora Cannabis Analyst Lifts Price Target As Company Nears German Regulatory Approval
Today 12:08 PM ET (Benzinga)Print
Aurora Cannabis Inc. (NYSE: ACB) is close to being awarded the maximum number of lots for domestic cannabis production in Germany. The deal's completion is subject to the finalization of an appeals process next week; Canaccord Genuity considers the process a moderate-to-high risk.
The Analyst
Matt Bottomley maintained a Speculative Buy rating on Aurora and raised the price target from CA$13 ($9.76) to CA$13.50 ($10.13).
The Thesis
The market potential in Germany could translate to long-term upside, according to Bottomley.
Germany's peak medical demand is double Canada's, with growing public acceptance and high reimbursement expected.
"We believe Aurora's receipt of this license adds incremental legitimacy to the overall international optionality secured by the company as of late," Bottomley wrote in a note.
The Cannabis Capital Conference is coming back to Toronto! Click here to learn how you can join Tim Seymour, Jon Najarian and many others.
Aurora made an impressive early start in Canada's adult use market, reporting recreational weed sales of CA$21.6 million in the second quarter, or 20-percent market share, Bottomley said. The company's sales volumes imply that Aurora earned a gross price of more than CA$6 per gram of dried flower and more than CA$10 per gram of oil, he said. If accurate, both figures exceed Cannacord's expectations.
The analyst also mentioned Aurora's multiple acquisitions in recent years, advising investors to keep a close eye on the integration of these products in future sales quarters.
Price Action
Aurora's stock traded around $9.04 at time of publication, down 1.4 percent.
Related Links:
Aphria, Aurora Cannabis, Wayland Group Win Public Tender To Grow Medical Marijuana In Germany
Aurora Cannabis Files Preliminary Prospectus To Raise Up To $750M
Latest Ratings for ACB DateFirmActionFromTo
Mar 2019Cowen & Co.Initiates Coverage OnOutperform Feb 2019JefferiesInitiates Coverage OnBuy Feb 2019Seaport GlobalInitiates Coverage OnNeutral
View More Analyst Ratings for ACB
View the Latest Analyst Ratings
.10 cents with no cash on the books and 185,000 in debt? Not possible....Do they have products on USMJ's site yet even?
The 6 month kaly pump n dump is about to come crashing down.
Earning a current market cap value of $23.33M, KALY has virtually no cash on the books, which compares with about $185K in total current liabilities. KALY is pulling in trailing 12-month revenues of $119K.