The
The
AdvisorShares Pure US Cannabis ETF (NYSE:MSOS): dropped 6.3%.
The
The
The
SPDR S&P 500 ETF Trust (NYSE:SPY) was up 0.9%, after recovering from Thursday s losses on Friday afternoon.
One move that pretty much flew under the radar:
Alimentation Couche-Tard Inc., owner of Circle K, boosted its stake in Canadian cannabis company
Fire & Flower Holdings Corp. (OTCQX:FFLWF), converting roughly $52 million it held in debt to equity. Following the transaction, the retail giant will own 19.9% of Fire & Flower.
“I think the move by Alimentation Couche Tard doesn t get nearly the amount of attention it should,” Green Market Report Editor-in-Chief Debra Borchardt told Benzinga. “Seeing a bigger move in the convenience store space towards cannabis should be unsettling to most cannabis companies,” she warned, wondering if smaller producers will eventually be relegated to craft cannabis, as “the volume players become the Budweisers and Miller beer versions of ca
The following article is sponsored by Schaeffer s Investment Research.
COVID-19 had a significant impact on many emerging sectors over the past year. We saw this influence in markets such as tech, cryptocurrency, electric vehicles, and cannabis. Looking at the cannabis market, in particular, the pandemic accelerated the adoption of cannabis reform across multiple states, resulting in a record-breaking 2020 for the industry.
The cannabis market not only experienced a notable 2020 but has seen significant YTD growth in 2021. As such, investors are looking at the sector now more than ever with many analysts bullish on the industry.
Matthew Timpane, senior market strategist at Schaeffer’s Investment Research, joined last week’s Benzinga Cannabis Capital Conference to provide attendees with some guidance on how to navigate the bull market forming around cannabis 2.0.
Green Thumb Industries Inc said it would make and distribute Gwyneth Paltrow-backed THC- and CBD-infused sparkling water Cann in the United States, banking on the brand's early success in California and rising demand for cannabis drinks.
Rise dispensary owner
Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF) is entering the cannabis beverage market via a deal with Cann.
The Chicago-based cannabis CPG company has teamed up with the celebrity-backed cannabis beverage brand to produce and distribute its line of sparkling drinks in Illinois.
The collaboration includes the expansion to additional markets, including New Jersey.
California-based Cann which counts Academy Award-winner Gwyneth Paltrow, Ruby Rose, Rebel Wilson and Darren Criss among its investors offers a selection of micro-dosed social tonics that come in various flavors (lemon and lavender, grapefruit and rosemary, and blood orange and cardamom).
The beverages also tout all-natural ingredients, such as herbs, organic agave nectar, and small doses of cannabis CBD and THC extract.
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