Cannabis Stock News Daily Roundup May 28
CannTrust Holdings (TSX: TRST) (NYSE: CTST) has launched a cannabis education portal together with Well.ca. The resource is available to Ontario residents through Well.ca with additional provinces to launch soon. Well.ca will serve as a resource and education center for those interested in exploring medical cannabis, leveraging content, insights and expertise from CannTrust’s medical business.
High Tide (CSE: HITI) (OTCQB: HITIF) (FRA: 2LY) has closed the acquisition of Dreamweavers Cannabis Products, a retail cannabis store and e-commerce business currently operating in Swift Current, Saskatchewan as licensed by the Saskatchewan Liquor and Gaming Authority.
Cannara Biotech (CSE: LOVE) (FRA: 8CB) (OTCMKTS: CNBTF) has added Dr. Sara May to its board of directors, effective immediately. Dr. May is an expert in the medical cannabis sector and will bring additional skill sets and help strengthen the company’s board.
Charlotte’s Web Holdings (CSE: CWEB) (OTCQX: CWBHF) announced that the underwriters of its underwritten public offering of 7,000,000 common shares sold by certain current shareholders at C$20.00 per share have exercised in full their option to purchase an additional 1,050,000 common shares from the selling shareholders at the offering price.
Breath of Life International Ltd. has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for a proposed initial public offering of ordinary shares. BOL Pharma is a producer of medical cannabis and cannabis products in Israel, supplying patients, pharmacies and other participants in the medical cannabis and pharmaceutical industries, and targeting export markets in the EU, as well as Canada and Australia.
Inner Spirit Holdings (CSE: ISH) has closed its offering of secured convertible debenture units of the company for gross proceeds of $9.27 million. The offering was made through a syndicate of agents, co-led by Acumen Capital Finance Partners Limited, as sole bookrunner, and Canaccord Genuity.
Ayr Strategies – formerly Cannabis Strategies Acquisition – has closed its qualifying transaction, creating a vertically-integrated multi-state operator in the U.S. cannabis sector, with an initial anchor portfolio in the Eastern and Western United States. The company expects that its common stock, rights and warrants will commence trading on the NEO Exchange on May 27 under the ticker symbols “AYR.A”, “AYR.RT” and “AYR.W,” respectively.
Cannabis One Holdings (CSE: CBIS) announced that is not aware of any corporate development, news or undisclosed material change to the company or its operations that would account for the recent volatility in the stock market activity.
PharmaCielo Ltd. (TSXV: PCLO), the Canadian parent of Colombia’s cultivator and producer of medicinal-grade cannabis oil PharmaCielo Colombia Holdings S.A.S., released its financial results for the first quarter ended March 31. Total operating expenses were $4.8 million, versus $9.6 million for the same quarter last year. The company booked a loss of net loss of $7.7 million compared to $10.0 million for the same quarter of 2018.
C21 Investments (CSE: CXXI) (OTC: CXXIF) has completed the acquisition of all of the issued and outstanding shares in Oregon-based Swell Companies Ltd. Swell has a 10,000-square foot processing facility in Portland, Ore., and has expansion rights for an additional 18,000 square feet, adjacent to the primary facility.
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