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That's the real bubble
Is it 32M or 330M? My TD Ameritrade news says about 33M.
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Canopy Growth to acquire IP and other assets of Colorado-based hemp company EbbuCanadian pot company Canopy Growth Corp. said Monday it has agreed to acquire the assets of Colorado-based Ebbu Inc., a hemp research company, for CAD25 million plus 6.2 million shares. The deal will "complement and accelerate multiple core verticals operating under Canopy Growth's group of companies," Canopy said in a statement. Canopy will take over IP and research and development conducted by Ebbu for its hemp and THC-rich cannabis genetic breeding program and its cannabis-infused beverage capabilities. The company is expecting to cut the cost of CBD production using Ebbu's IP. The news comes just two days before Canada fully legalizes cannabis on Oct. 17. The deal is expected to close in November, subject to regulatory approvals by the TSE and NYSE. Shares rose 2.8% premarket and have gained 110.5% in 2018, while the S&P 500 has gained 3.5%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Pot stocks rally after Canopy Growth buys US hemp researcher to help it grow marijuana betterPot stocks rally after one of the largest Canadian cannabis companies announced its purchase of a U.S. hemp researcher to help it grow marijuana better.
Source: CNBC - 🏆 12. / 72 Read more »
Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorillaSmith Falls, Ontario–based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer, after it announced that Corona beer-maker Constellation Brands Inc. was going to invest an additional $4 billion in the company.
Source: MarketWatch - 🏆 3. / 97 Read more »
Canopy stock slumps after earnings show no initial boost from Canada legalizationCanada-based pot producer Canopy Growth Corp. posted a sequential decline in quarterly revenue Wednesday, mounting losses and said it hadn’t received a material order of recreational cannabis during the quarter. Good! Hire some Jamaicans BrianSozzi my dude!!!
Source: MarketWatch - 🏆 3. / 97 Read more »
Short seller Andrew Left has his doubts about Canadian pot stocks, says he's betting against CanopyCitron Research's Andrew left reiterated his bet against the Canadian cannabis industry, telling CNBC that he's short Canopy Growth and Cronos Group in addition to his already disclosed wager against Tilray. ....the real rout in Cdn pot stocks has yet to begin. BettingBruiser That comment hurt but it was so true
Source: CNBC - 🏆 12. / 72 Read more »