Acreage Holdings’ (CSE:ACRG.U, OTCQX:ACRGF, FSE: 0ZV) CEO Kevin Murphy was joined by former House Speaker John Boehner to discuss cannabis legalization on CNBC’s “Squawk on the Street” this week. Murphy is optimistic that 2019 will be a year of consolidation for the cannabis sector as companies begin to seek out strategic partnerships across the United States. Murphy believes bigger is better in the cannabis business, and with exposure to 19 different states Acreage appears well positioned to continue its growth up to this point.
According to former House Speaker John Boehner, the fact that 33 states have embraced cannabis in one form or another is a positive sign for the future of the industry nationwide. “It’s clear that this market is going to expand. As it does, lawmakers in Washington have to look up and realize that the Federal government is way out of step. It’s time for the Federal government to get out of the way. I’m hopeful that congress will soon act.”
The Strengthening the Tenth Amendment Through Entrusting States (STATES) Act has given hope that United States will soon allow cannabis regulations to be defined at a state level, allowing those that have already legalized cannabis to go ahead with a fully functional industry. The STATES Act could also reduce some of the legal barriers facing American cannabis companies in need of federal banking services.
To watch the full interview, click here.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).
Canopy Growth to Participate in BofA Securities Virtual Consumer & Retail Technology Conference on March 11, 2021
Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) (“Canopy Growth” or “the Corporation”) announced today that EVP & CFO Mike Lee will be participating in a fireside chat at the BofA Securities Virtual Consumer & Retail Technology Conference on Thursday, March 11, 2021 at 9:30am ET .
Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”). The Company announces that further to its press release dated March 2, 2021, it has obtained TSX Venture Exchange approval to extend the closing date of its previously announced private placement of units (“Units”) until April 7, 2021. Each Unit is comprised of one (1) common share and one (1) warrant, exercisable for one common share at price of $0.11 per share, for a period of three (3) years from the date of Closing. The Company applied to extend the date of closing to allow a greater number of interested investors to participate.
For more information regarding the Company or the offering, please contact firstname.lastname@example.org, or