As February wraps up, the Investing News Network (INN) offers a closer look at the biggest stories of the month in the cannabis public markets.

During the month, the upcoming retail market in Ontario gain attention from the market as public companies began securing arrangements with winners of a lottery set to determine the first 25 stores in the province.

Ontario is one of the most coveted marijuana markets in Canada, and as such firms such as Canopy Growth (NYSE:CGC,TSX:WEED), Aurora Cannabis (NYSE:ACB,TSX:ACB), Alcanna (TSX:CLIQ), High Tide (CSE:HITI,OTC Pink:HTDEF), Fire & Flower Holdings (TSXV:FAF), Choom (CSE:CHOO,OTCQB:CHOOF) and Inner Spirit Holdings (CSE:ISH) in partnership with licensed producer (LP) Newstrike Brands (TSXV:HIP,OTC Pink:NWKRF) have secured deals in place directly or through investment in other firms.


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“It was no secret that deals were being tabled in the week that our retail operators had to complete their retail operator license application,” Brenna Boonstra, director of quality and regulatory consulting Cannabis Compliance, told INN.

2019 will offer a different trend in marijuana investing

As part of an evaluation with experts and analysts of the cannabis public market, INN put together a guide for investors of the key investment trend in 2019: multi-state operators (MSOs).

“What we’ve done is become more aggressive on the US cannabis names, just over the past five to six months, rather than focus on the Canadian licensed producers (LPs),” Nawan Butt, portfolio manager with Purpose Investments said.

He is referring to companies operating the US legal cannabis states, through the rollout of networks of dispensaries, growing facilities and more.

These ventures have quickly risen in the attention from the market and investors.

“I think that the US companies have the confidence of investors and they’re going to be able to raise more capital,” Alan Brochstein, cannabis researcher with 420 Investor, told INN.

Watch the video above for more on what happened during the month of February.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: High Tide and Inner Spirit Holdings are clients of the Investing News Network. This article is not paid-for content.

TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has closed the 2nd and final tranche of its Unit financing. In connection with the closing, the Company issued 1,356,873 Units at a price of $0.55 per Unit, for gross proceeds of $746,280.15. Each Unit consists of one (1) common share and one (1) warrant. Each warrant entitles the holder to purchase one common share of the Company, at an exercise price of $0.75 per share, for a period of two years from the date of issuance. The warrants are subject to an acceleration right that allows the Company to give notice of an earlier expiry date if the Company’s share price on the CSE (or such other stock exchange the Company’s shares may be trading on) is equal to or greater than $1.25 for a period of 20 consecutive trading days. Finder’s fees of $42,542, 3,200 Finder’s shares and 80,550 Finder’s warrants were issued in connection with finder’s fees payable.

In total, the Company raised gross proceeds of $1,757,180 and issued 3,194,873 Units.

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DTC status means that Sweet Earth shares are now eligible to be transferred between brokerage accounts within the United States and significantly augments the ease in which American-based investors are able to trade Sweet Earth shares.

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The Company had initially proposed a lower amended price, but that proposal was not approved by the TSX Venture Exchange (“Exchange“), however, the Exchange indicated that a $0.10 exercise price, may be more acceptable. Accordingly, the proposed amendment remains subject to Exchange approval.

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Issuance of U.S. Patent No. 10,851,077 covering methods for extracting and concentrating cannabinoids using ultrasound-enhanced solvent extraction bolsters World Class’ intellectual patent portfolio

World-Class Extractions Inc. (CSE:PUMP)(FRA:WCF)(OTCQB:WCEXF) (the “Company” or “World-Class”) is pleased to announced the United States Patent and Trademark Office (“USPTO”) has issued U.S. Patent No. 10,851,077 on December 1, 2020 in relation to the Company’s methods for extracting and concentrating cannabinoids and other target compounds from cannabis using ultrasound-enhanced solvent extraction

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Ubican brings well-known brands and is a trusted vendor with an established sales and marketing program

Chemesis International Inc. (CSE:CSI) (OTCQB:CADMF) (FRA:CWAA) (the “Company” or “Chemesis”), announces Ubican Global (“Ubican”) as its primary supplier for its United States VICKI program. Ubican is a trusted supplier of a family of brands, each with multiple types of products. The products include tinctures, digestibles, edibles, pet, beautyskincare, topical, edible, fitness, and smokable products

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