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Cannabis Stock News Daily Roundup April 15

ME Staff

Neptune Wellness Solutions (NASDAQ: NEPT) (TSX: NEPT) announced that its Solutions Business has started offering product development solutions with hemp-derived ingredients to business customers in the U.S. A U.S.-based supply chain of licensed hemp extract producers has been established, and initial purchase orders are now being processed, the company said in a statement this morning.

BLOCKSTRAIN TECHNOLOGY (TSXV: DNAX) (OTC: BKKSF) is changing its name to TruTrace Technologies, subject to TSX Venture Exchange approval. “Evolving from BLOCKStrain to TruTrace Technologies is a reflection of our maturity as a company,” CEO Robert Galarza stated.

High Tide (CSE: HITI) (OTCQB: HTDEF) (FRA: 2LYannounced that the Alcohol and Gaming Commission of Ontario approved and issued retail operator licenses to the company’s counterparties Steven Fry and Saturninus Partners and also issued retail store authorizations to their’s respective stores: Canna Cabana Hamilton and Canna Cabana Sudbury. The two Canna Cabana-branded locations will be opened on or before April 20.

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUFhas named Neil Calvesbert as chief marketing officer. He will be “responsible for creating the brand vision and strategies to execute companies growth objectives across brand, retail and consumer experience,” iAnthus said in a statement.

Green Growth Brands (CSE: GGB) has signed an agreement with Aphria (TSX: APHA) (NYSE: APHA) to shorten the expiry time for acceptance of its formal offer to acquire all of the issued and outstanding common shares of Aphria.

Organigram Holdings (TSX VENTURE: OGI) (OTCQX: OGRMF), the parent company of Organigram, reported its results for the second quarter ended February 28, 2019. The company had gross revenue of C$33.5 million and net revenue of C$26.9 million, higher from the same prior year period. Net loss from continuing operations of C$6.4 million or C$(0.05) per share, compared to C$1.2 million net income, or C$0.01 per share, in the same quarter last year.

Canopy Growth (TSX: WEED) (NYSE: CGC) announced that it is joining the S&P/TSX 60 Index, achieving another public market “first” for the cannabis industry. The addition of the company to the S&P/TSX 60 Index will be effective prior to the commencement of trading on April 18.

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