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CNBC that the money raised from the IPO will go towards developing four new drugs. “The key here is about getting cannabinoids into the hands of patients and the way you do that is through the drug development process,” Lucas said. “The medical cannabis, the problem with that is that physicians cannot prescribe it, so we want a drug product that we can get into the hands of physicians, into the hands of patients,” he added. Two of the company’s drug products will be heading into clinical trials following the IPO. According to Proactive Investors, OCT has a proprietary library of 9...

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Everything is crashing: stocks, bonds, crypto, commodities all tumble ahead of Fed minutes (SPY -1.1%). April 2021 trucking marginally declined. Bitcoin tanks 20% in 24 hours to fall below $37,000. Here is the current market situation from CNN Money European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively. What Is Moving the Markets Here are the headlines moving the markets. The IEAs Latest Proposal Is Both Reckless And Impossible The International Energy Agency, which has stepped up its efforts to be...

Walmart is doubling down on 'rollbacks' as inflation pushes prices higher (SPY -0.9%). Bitcoin dips to lowest since February amid China crypto warning. The Market in Perspective Here are the headlines moving the markets. $70 Oil Could Put The Brakes On Chinas Crude Buying Spree Chinas accelerated crude oil stockpiling could be coming to an end with oil at $70 and the possibility that strategic reserves are close to capacity, suggesting that the worlds largest oil importer could slow down crude builds and crude imports. In April, China is estimated to have tapped its crude reserves, accordi...

London, U.K. – Nobody is more synonymous with smoking weed than Snoop Dogg at this point. Snoop turned his love for pot into lucrative business opportunities and one of the Cannabinoid companies he’s financially backing will be going public on the London Stock Exchange by the end of this week, according to Oxford Cannabinoid Technologies — which is a pharmaceutical company developing cannabinoid-based prescription medicines — revealed on Tuesday (May 18) it had raised $23.4 million from investors ahead of going public. Oxford Cannabinoid Technologies, a firm that develops cannabi...