U.S. Markets close in 36 mins

Cannabis Stock News Daily Roundup January 10

ME Staff

Cannabis News

PharmaCielo Ltd., the parent company of Colombia’s cultivator and producer of medicinal-grade cannabis oil PharmaCielo Colombia Holdings S.A.S., issued a corporate progress update in preparation for its public listing on the TSXV under the ticker PCLO (TSXV:PCLO) on or about January 18. Headquartered in Canada, PharmaCielo is a privately-held firm that focuses on processing and supplying medicinal-grade cannabis oil extracts and related products to large channel distributors.

Supreme Cannabis Co. (OTCQX: SPRWF) has received conditional approval from the Toronto Stock Exchange to graduate from the TSX Venture Exchange and list its common shares on the TSX. “Graduating to the TSX will broaden our investment appeal and leave us well positioned to execute on our strategic imperatives for 2019,” Supreme Cannabis CEO Navdeep Dhaliwal said in a statement.

Cannabis firm Medical Marijuana (OTC:MJNA) and subsidiaries Kannaway, HempMeds Mexico and HempMeds Brasil generated the largest-ever revenue year in its history in 2018, as well as reached major milestones in its business operations. “By breaking our annual sales record (unaudited) and investing into our future expansion efforts, we can provide our shareholders with an optimistic forecast for our future success,” Medical Marijuana CEO Dr. Stuart Titus said in a press statement.

Sana Packaging, which designs and develops packaging solutions for the cannabis industry, announced a partnership with Oceanworks to launch a new line of cannabis packaging made from reclaimed ocean plastic. The new product line is set to launch in Spring 2019.

Canadian medical cannabis producer Green Relief announced that co-founder Warren Bravo is stepping down as the company’s CEO and will be placed by John Durfy as interim CEO. The company expects a brief transitional period of approximately one month.

U.S. cannabis operator Curaleaf Holdings (OTCBB: CURLF) opened the first medical marijuana dispensary in Bonita Springs, bringing the number of dispensaries in the state to 21. The 5,000 square-foot facility at 11721 Bonita Beach Road SE offers patients medical marijuana products. The facility includes two private consultation rooms and a community meeting room where patients, physicians and community members can access medical marijuana educational seminars and resources in a comfortable and secure environment, according to a Curaleaf press statement.

Zenabis Global (TSXV:BVO) has entered into an arrangement with Manitoba Liquor and Lotteries Corp. to list non-medical adult-use cannabis throughout the province to licensed retailers approved for non-medical adult-use cannabis sales. Zenabis will sell under the premium Namaste brand. Namaste’s products include all forms of dried cannabis. Zenabis expects to start supplying Manitoba retailers with cannabis in February 2019.

The post Cannabis Stock News Daily Roundup January 10 appeared first on Market Exclusive.