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Cannabis Stock News Daily Roundup February 4

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Cannabis News

Listed securities of Supreme Cannabis Co. (TSXV: FIRE) (OTCQX: SPRWF) are expected to begin trading on the Toronto Stock Exchange on February 4, according to the company. At that time, Supreme Cannabis’ common shares and 6.0% senior unsecured convertible debentures due 2021 will be voluntarily delisted from the TSX Venture Exchange and will commence trading on the TSX under the symbols FIRE and FIRE.DB, respectively.

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF) and MPX Bioceutical Corp. (CSE: MPX) (OTC: MPXEF) announced that their plan of arrangement under which iAnthus will acquire all of the issued and outstanding common shares of MPX is expected to close on or before February 5, 2019. Under the agreement, iAnthus is merging with MPX in an all-stock transaction with offered equity consideration to MPX shareholders valued at C$835 million before giving effect to MPX and assuming all of the company’s dilutive securities are exercised prior to the deal completion.

Aphria (NYSE: APHA) has completed its first transfer of plant cuttings from four of its cannabis strains to Denmark-based Schroll Medical as part of their strategic partnership. The shipment was completed under permits issued by the relevant health authorities, including an export permit from Health Canada, an import permit from the Danish Medicines Agency and a phytosanitary certificate from the Canadian Food Inspection Agency, Aphria said in a press statement.

U.S-based Cannabics Pharmaceuticals (OTCQB: CNBX), which is developing personalized cannabinoid medicine focused on cancer and its side effects, has filed an additional four provisional patent applications with the Israel Patent Office for cannabinoid-based drugs and treatments designed for conditions associated with non-epileptic seizures and tremors. The company believes that its platform may allow for personalized cannabinoid solutions for conditions and syndromes such as Alcohol Withdrawal Syndrome (AWS), REM related sleep disorder (RBD), Psychogenic non-epileptic seizures (PNES) and Drug-induced tremors.

North American Cannabis Holdings (USOTC: USMJ) and Priority Aviation (USOTC: PJET) announced plans to meet with West Coast Ventures Group Corp. (OTCQB: WCVC) in Denver, Colorado, next week to finalize plans on the rollout of the AmeriCanna Cafe cannabis themed restaurant. Steven Rash, CEO of USMJ and interim CEO of PJET, will meet with Jim Nixon, CEO of WCVC, to complete planning for the launch of the AmeriCanna Cafe food truck this spring, according to a press statement issued by USMJ.

Delta 9 Cannabis (TSXV: NINE) (OTC: VRNDF) has closed the sale of its 50% stake in the Delta West extraction facility to Westleaf (TSX-V: WL). As part of the deal, Westleaf has issued 5,600,000 common shares to Delta 9 in consideration for the acquisition of a 50% ownership in the limited partnership that owns the Delta West extraction facility.

Liht Cannabis Corp. (OTCQX: LIHTF) announced that its PureCloud 9 brand will launch its new and re-formulated whole body hemp health line on Feb. 13. PureCloud 9 will offer its first six products: Illuminating Body Oil, Restorative Rescue Oil, Glow-Boosting Day Serum, Rejuvenating Night Serum, Radiance-Enhancing Facial Exfoliator and Illuminating Body Exfoliator.

Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) has agreed to acquire control of ZLJT LLC & Arizona Natural Pain Solutions, which holds a license for a vertically-integrated operation in Arizona, including retail, cultivation and infusion. As part of the deal, GGB will pay $12.35 million in cash for the acquisition. The state of Arizona currently restricts cannabis consumption for medical use but appears to be moving towards legalizing recreational use.

The post Cannabis Stock News Daily Roundup February 4 appeared first on Market Exclusive.