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Articles by Bryan Mc Govern
Cannabis Weekly Round-Up: Neptune Exits Cannabis Market Original
Another cannabis producer has formally announced its exit strategy from the industry. An association of mayors across the US have voiced their support of cannabis banking reform in the nation. Keep reading to find out more cannabis highlights from the past five days. Cannabis firm backs out of market to focus on ‘profits and growth’ The difficulty of justifying a cannabis business for Neptune Wellness Solutions (NASDAQ:NEPT,TSX:NEPT) got to be too much.
Will Germany's Cannabis Actions Create a Domino Effect in Europe?
As Germany gears up to possibly legalize adult-use cannabis, how likely is it that the country's plans will cause other nations in Europe to follow suit? The roadmap for recreational cannabis legalization in Germany has become a hot topic for stakeholders in the overall industry. On top of how exactly the situation will play out and what business opportunities exist, market watchers have offered various opinions on what the lasting impact of this change could be.
Cannabis Weekly Round-Up: US Reform Talk Cools Off, Analyst Says Original
A cannabis analyst for Cowen highlighted that companies in the sector are adjusting their messaging and expectations around federal reform in the US marketplace. Meanwhile, Aurora Cannabis (NASDAQ:ACB,TSX:ACB) had a difficult trading week after a new investment deal. Keep reading to find out more cannabis highlights from the past five days.
Could US Cannabis Reform Help the Canadian Market? Original
Cannabis reform in the US could open the doors to market stabilization in Canada, experts believe. The cannabis industry has long been eager to see reform in the US for obvious reasons. But beyond that, federal changes may bring a much needed re-evaluation and appreciation for players in Canada. During an investment panel at the most recent Lift Expo in Toronto, a group of experts discussed how proposed policies like the SAFE Banking Act could in the long run also help Canada.
Blockchain Operator Talks Impact of Crypto Market Volatility Original
Speaking to the Investing News Network (INN), Richard Baker, CEO of TAAL Distributed Information Technologies (CSE:TAAL,OTCQX:TAALF), explained how blockchain operators navigate crypto volatility. As described by Baker, his company operates under two business models within the blockchain opportunity. First is the digital mining component and the infrastructure that comes along with it.
MICHAEL LE, ONE OF THE WORLD'S MOST POPULAR TIKTOKERS, CO-FOUNDS THE FASTEST GROWING CRYPTO GAMING PLATFORM, ALREADY VALUED AT $200MM
Dexioprotocol (DEXI), an innovative hybrid on- and off-blockchain gaming company, today announced the kickoff of the first play-to-earn season of DexiKnights. Beginning June 1 player can battle for a spot on the weekly, monthly, and seasonal leaderboards with prize pools valued at $1,000 $3,000 and $10,000 respectively. DexiKnights is an arcade-style "hack-and-slash" game for PCMac and uses the latest upgradeable NFT technology.
Blockchain Monthly Highlights: Crypto Losses Mount, Bitcoin Hits Lowest in Over a Year
Cryptocurrency investments took a beating in May, and serious losses continue to mount. Also during the past month, a crypto exchange reaffirmed its intentions to head out and pursue meaningful acquisitions as it attempts to use its recently raised capital. Here the Investing News Network (INN) offers a recap of what to know about the blockchain business and cryptocurrencies in the month of May.
Gaming Monthly Highlights: Activision in the Spotlight Again, Acquisition Rumors Fly Original
California-based game publisher Activision Blizzard (NASDAQ:ATVI) had a busy month as it continued to face controversy surrounding a now-successful union vote by quality assurance testers. The gaming industry has been chock full of acquisition rumors, and a new report indicates that big-name game makers continue to show interest in these deals. Here the Investing News Network (INN) offers a recap of May highlights in the gaming market.
Cannabis Weekly Round-Up: Canopy's Fiscal Year Net Loss Reaches C$320 Million Original
Shares of Canopy Growth (NASDAQ:CGC,TSX:WEED) struggled out of the gate at the end of the week as the company reported another difficult period with heavy losses. Also this past week, a Canadian producer announced the launch of a new lifestyle CBD brand in the UK. Keep reading to find out more cannabis highlights from the past five days.
Are Tobacco and Alcohol Firms Still Interested in Cannabis? Original
An analyst with experience overseeing tobacco and alcohol players believes there’s no doubt these companies want a piece of the cannabis pie, but told the Investing News Network (INN) that they are unsure of the best approach after previous blunders. Shane MacGuill is the global lead of nicotine and cannabis with Euromonitor International, a strategic market research company evaluating the European territory, a burgeoning arena for cannabis.
Cannabis Weekly Round-Up: Cresco and Columbia Care Share Q1 Financials Original
A pair of US cannabis companies that are tied together by an acquisition plan released their quarterly financials this week. Cannabis delivery services were in focus as well as two companies confirmed their plans to offer seamless delivery solutions for cannabis consumers. Keep reading to find out more cannabis highlights from the past five days.
Lift Expo Show Floor Marked by Calls for Cannabis Action and Unity Original
The most recent edition of the Lift & Co. Expo, held this past weekend in Toronto, brought multiple calls to action among cannabis industry stakeholders. In panels at the show and in conversations with the Investing News Network (INN), experts used this year’s event to urge all types of cannabis companies to collaborate in high-level lobbying.
Gilead and Kite Oncology to Highlight Advances Supporting New Innovations in Cancer Care at the ASCO Annual Meeting
Late-Breaking TROPiCS-02 Study Results in Heavily Pre-Treated HR+HER2- Metastatic Breast Cancer Patients to be Featured in ASCO Press Program – – New Sub-Analysis from Kite's ZUMA-7 CAR T-cell Therapy Study in Patients Aged 65+ and Data by Tumor Burden Characteristics in Second-Line Large B-cell Lymphoma to be Presented – – Diverse Hematologic Research to be Highlighted by Phase 1b Data in MDS and AML and New Real-World Outcomes by Race and Ethnicity for CAR T-cell Therapy – Gilead Sciences,...
Cannabis Weekly Round-Up: Leading MSO's Revenue Stalls, Shares Drop
A leading multi-state operator (MSO) saw its shares stumble last week after reporting a lack of revenue growth in its most recent quarterly financial report. This past week also brought a name change for a struggling Canadian cannabis producer trying to find a new identity. Keep reading to find out more cannabis highlights from the past five days.
Psychedelics Sector Shifting Gears, Broad Market Forces at Play Original
Experts believe investor concerns surrounding valuations in the psychedelics market need to be adjusted. Panelists at a recent Psychedelic Capital monthly event from Microdose discussed a shift in the psychedelic medicine business, and how market trends outside of the industry are at play. The talk, titled “Market Consolidation: The Next Stage for the Industry?” took place amid an ongoing downturn in value for publicly traded psychedelics companies.
Blockchain Monthly Highlights: Investors Optimistic on Future of Crypto, Fort Worth Mines Bitcoin Original
In the blockchain space in April, Bitstamp released a new report investigating investor sentiment across the globe when it comes to future adoption of cryptocurrencies. Also this past month, Fidelity Investments announced the creation of 12,000 new jobs as it tries to adapt to customer demand for new technology investment options. Here the Investing News Network (INN) offers a recap of what to know about the blockchain business and cryptocurrencies in the month of April.
Cannabis Weekly Round-Up: Canopy Growth Reduces Staff to Cut Costs Original
Canadian cannabis producer Canopy Growth (NASDAQ:CGC,TSX:WEED) announced this week that it will let go of an undisclosed number of staff in an attempt to reduce its spending. Meanwhile, an up-and-coming multi-state operator (MSO) shared its most recent financial results. Keep reading to find out more cannabis highlights from the past five days.
Gaming Monthly Highlights: Market Sours on Microsoft's Activision Blizzard Deal Original
Game maker Activision Blizzard (NASDAQ:ATVI) is at the center of the gaming news space, as its shareholders confirmed an acquisition plan from Microsoft (NASDAQ:MSFT). Additionally this month, console maker Sony (NASDAQ:SONY) invests heavily into the company behind Fortnite, and the new sales numbers indicate a slow down to enthusiasm surrounding gaming. Here the Investing News Network (INN) offers a recap of April highlights in the gaming market.
Top 5 Cannabis Stocks in 2022
Click here to read the previous top cannabis stocks year-to-date list. The start of a new year has brought ongoing volatility to the cannabis sector, and has left the biggest companies in the space facing a serious downturn. Here the Investing News Network lists the top cannabis stocks year-to-date for the Q1 2022 period. Data for this top cannabis stocks article was collected on April 20, 2022, and the companies included had to meet a minimum market cap requirement of C$10 million.
Cannabis Weekly Round-Up: New Jersey Begins Recreational Sales, HEXO to Shut Facility Original
A day after 420, the Garden State opened its doors to recreational cannabis sales, allowing 13 dispensaries to sell these products. New Jersey opened its doors to adult-use cannabis sales by way of permits for 13 dispensaries. Meanwhile, a big-name Canadian cannabis producer announced that it will close the doors of a facility in Ontario, a move that will affect more than 200 workers. Keep reading to find out more cannabis highlights from the past five days.
Canadian Cannabis Sales to Reach C$8.8 Billion by 2027 Original
The managing director at the Brightfield Group discusses the firm's latest report on the Canadian market. The Canadian cannabis market is experiencing consistent growth and is expected to reach C$8.8 billion in sales by 2027, according to a new report from a research firm. Bethany Gomez, managing director at the Brightfield Group, told the Investing News Network (INN) that 2021 brought year-on-year growth of 39 percent for the domestic market.
AYURCANN RECEIVES FLOWER SALES LICENCE FROM HEALTH CANADA
Ayurcann Holdings Corp. (CSE: AYUR) (OTCQB: AYURF) (FSE: 3ZQ0) (" Ayurcann " or the " Corporation "), a leading Canadian cannabis extraction company specializing in the processing and co-manufacturing of pharma grade cannabis and hemp to produce various derivative cannabis 2.0 and 3.0 products in the medical and recreational market, is pleased to announce that it has grown its distribution to 1,000 with its vapes and tinctures products in Canada .
VIDEO — How the SPAC Craze Took Over the Capital Markets Original
SPAC fever recently took over the capital markets. What caused it, and why did it recede? This explainer video runs through the rise and fall of these investment vehicles. How the SPAC Craze Took Over the Capital Marketswww.youtube.com Capital markets trends come and go. Some make a big imprint, and others leave only a small mark.
Do US Cannabis Operators Really Want Legalization? Original
As chatter surrounding the legalization of cannabis in the US picks up once again, MSOs are thriving despite unfriendly federal policy. The current dialogue on cannabis legalization efforts in Washington suggests that publicly traded US operators are impatient for cannabis-friendly policies to be enacted.
Canadian Cannabis Operators Have No Clear Road to US Original
As chatter about cannabis legalization below the border heats up, when will Canadian producers be able to tap into the opportunity in the booming US marketplace? Operators in Canada have for the most part fallen out of favor, thanks in large part to poor financial results and a clear ceiling on what the domestic market can offer — especially compared to opportunities for US stocks.
Adastra Announces Submission of Medical Sales License Application and Engagement of IR Labs Inc. to Provide Investor Relations Services
Adastra Holdings Ltd. (CSE: XTRX) (FRA: D2EP) ("Adastra" or the "Company"), a Health Canada Licensed cannabis company focused on processing, sales, organoleptic testing, and analytical testing, is pleased to announce the submission of its Medical Sales License application to Health Canada on April 1, 2022 .
Cannabis Weekly Round-Up: Tilray Reports Profitable Quarter, Canada to Set Up Industry Panel Original
One of Canada's leading cannabis producers posted promising financial results this week; in addition, the Canadian government announced plans for an industry panel. Tilray Brands (NASDAQ:TLRY,TSX:TLRY) shareholders went for a bumpy ride this past trading week as the company missed financial targets, but appears to be on an upswing. Meanwhile, Canada's new federal budget will give the cannabis industry a panel for comments and requests.
A Political Impasse is Stalling US Cannabis Reform
After clearing the House last week, the MORE Act now faces the Senate. Market experts from New Frontier Data break down what's next for US cannabis legalization. A cannabis legalization bill has cleared the US House of Representatives in a significant win for changing perspectives on the drug. But with experts pointing to gridlock in the Senate, what happens next?
VIDEO — Fund Manager: Bright Future for Cannabis Not Reflected by Stocks
Dan Ahrens of AdvisorShares Investments gives his thoughts on volatility in the cannabis market after a recent Washington vote on legalization. A fund advisor isn’t surprised at recent volatility in the cannabis space after a vote in the US House of Representatives raised hopes about the possibility of federal reform for the drug.
3 Cannabis Investing Experts Explain US Legalization Hype
Retail hype about cannabis legalization discussions in the US has been driving stocks — but is it justified? Experts weigh in. After a positive US House of Representatives vote on the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, what's next for cannabis and where is the smart money heading?
Cannabis Weekly Round-Up: House Votes to Legalize Cannabis (Again)
A House of Representatives vote on a cannabis legalization bill has ignited hopes for meaningful policy changes in the US — but experts are warning investors not to get too excited. The US House of Representatives has voted in favor of a bill seeking to legalize cannabis. The decision to introduce and vote on this bill caused cannabis stocks to go on a run this past week — however, the volatility was described to the Investing News Network (INN) as built on hype and speculation.
Banxa Holdings Inc. Reports Results of Its Annual General and Special Meeting
Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), payment service provider (PSP) and RegTech platform for the digital assets industry, is proud to announce the launch of its world-leading Layer 2 (L2) Fiat On-Ramp. While the cryptocurrency market has significantly grown, heavy fees and complex purchasing systems have weighed upon the industry providing unnecessary complexities and barriers to entry.
Can Canadian Cannabis Operators Turn it Around?
Charles Taerk, CEO of Faircourt Asset Management, gave INN an update on his perspective when it comes to Canadian cannabis players. Canadian cannabis players continue to “spin their wheels” without much promise ahead, one financial expert told the Investing News Network (INN). Charles Taerk, president and CEO of Faircourt Asset Management, said he is not optimistic about the position of cannabis companies in Canada, including the top firms in the capital markets.
Blockchain Monthly Highlights: $625 Million Hack Hits Game, Biden Eyes Crypto Strategy Original
A major hack of play-to-earn blockchain game Axie Infinity shows the market's continued vulnerability. In the US, President Joe Biden signed a crypto-related executive order. This past month, an attack of unprecedented magnitude showcased the weaknesses still present in the blockchain-based gaming market. In another historic event, the White House announced it wants to know more about cryptocurrencies, and in order to do so it will leverage its expertise alongside various government agencies.
Gaming Monthly Highlights: Sony Seeks Subscription Model, Frazzini Leaves Amazon
Sony's new subscription service will compete with Microsoft's popular Xbox Game Pass; meanwhile, longtime Amazon Games leader Mike Frazzini has left the company. Sony (NYSE:SONY) is moving ahead with a renovated subscription service in an attempt to compete with the popular Xbox Game Pass from competitor Microsoft (NASDAQ:MSFT).
Is There a Buying Opportunity in Cannabis Stocks? Original
A cannabis financial expert told INN he thinks US cannabis stocks present a buying opportunity for investors right now. Cannabis stocks have had a difficult time in recent years. Is there a buying opportunity right now? Some experts believe 2022 will be a period where investors who are betting on the long-term outlook for the cannabis industry can find affordable options.
Cannabis Weekly Round-Up: Cresco Labs to Buy Fellow MSO Columbia Care
Alongside Cresco Labs' move to buy Columbia Care, Canada's Aurora Cannabis announced plans to purchase TerraFarma. A new blockbuster deal in the US cannabis space looks set to change the landscape of the industry. Also this week, a Canadian producer continued the M&A trend in the space with its own purchase. Keep reading to find out more cannabis highlights from the past five days.
Nirvana Life acquires $800,000 of lab equipment
Nirvana Life Sciences Inc., a Canadian based life sciences company aimed at developing non-addictive chronic pain and addiction treatment products is pleased to announce further progress with development of its Vancouver research and development facility. The Company has taken delivery of key pieces of equipment required to support the research and development facility.
Adastra Announces Completed Submission of Controlled Substances Dealer's License Application
Home > Cannabis Investing > Cannabis Investing News > Adastra Holdings Ltd. a Health Canada Licensed cannabis company focused on processing, sales, organoleptic testing and analytical testing, is pleased to announce it completed the submission of its application for a Controlled Drugs and Substances Dealer's License on March 23, 2022 . A Dealer's License would permit Adastra to perform the following activities: Procure controlled substances, including by import, ... Adastra Holdings Ltd.
Why are Big Banks Making Metaverse Deals?
Both HSBC and JPMorgan recently signed landmark agreements to enter the metaverse. What does this mean for investors? A pair of watershed deals from leading global banks indicates a new level of interest in the metaverse. The metaverse is an emerging concept — a digital environment of sorts that attracts users away into a second life — but it's already attracting the attention of investors all across the board.
Experts: Cannabis Opportunity in Mexico Intriguing, but Still Years Away Original
Financial and business experts spoke about the Mexican cannabis investment landscape during a panel, saying that investors may have to wait to see its potential realized. Mexico has been called one of the next frontiers for the cannabis industry. The emerging economy seems open to the possibility of a fully legalized cannabis program, and that has attracted investor attention.
Cannabis Weekly Round-Up: HEXO Posts C$690.2 Million Quarterly Loss Original
Canadian cannabis producer HEXO shared its latest quarterly results this week; meanwhile, a brand-new company launched with a focus on the international market. A new cannabis company with an international focus reached the NASDAQ this past week with the backing of a US-based company in the space. Also during the five day period, HEXO (NASDAQ:HEXO,TSX:HEXO) promised investors that its turnaround plans are working despite some critical losses in the most recent quarter.
4 Psychedelics Studies Investors Should Watch in 2022
The Investing News Network takes a closer look at major clinical studies with the potential to impact the psychedelics space. The psychedelics market lives and dies by the progress of rigorous clinical trials designed to evaluate the benefits of these substances, and 2022 is shaping up to be a critical year. While official approvals for novel psychedelic medicines are still a ways away, investors may see a few key updates from the biggest trials to watch this year.
What to Look for in Cannabis Quarterly Financials
A financial expert explains what investors should be on the lookout for when they review financial numbers from their cannabis stock picks. When the time comes for cannabis companies to share quarterly financial reports, there can end up being more questions than answers for new cannabis investors. The trick to avoid confusion is to know what to look for in these detailed reports.
BANXA Announces AUD $106 Million February Transaction Volume & Secures Cryptocurrency Custody Registration
Overview Bitcoin, one of the most well-known cryptocurrencies, continues to be an exciting and relatively new investment opportunity. What seemed like a fast-moving fad is becoming what some analysts have regarded as an emerging safe-haven asset. This could see Bitcoin join the ranks of assets like gold and blue chip stocks, and the recent bull market seems to support that with the likes of Fidelity, Goldman Sachs and BlackRock all beginning to venture into digital assets.
What's in a Name? Psychedelics IP Discussion Heats Up
As the psychedelics industry continues to pursue a pharmaceutical business model, the conversation surrounding intellectual property is gaining traction. The business of psychedelic drugs has gained a serious air of legitimacy by modeling itself after the pharmaceutical market. But with this benchmark comes the question of how the industry will marry its goodwill intentions with the hard-nosed business of intellectual property (IP).
The Tinley Beverage Company: Powering California’s Leading Cannabis Beverage Brands
Overview The much-hyped cannabis beverage industry hasn’t exactly lived up to expectations. Even though it is finally showing significant signs of life, it still only represented about 2 percent of the industry last quarter. This brings it to about $100 million in California and probably about the same in Canada, the world’s two largest cannabis markets.
Cannabis Weekly Round-Up: Canopy Gets Booted from S&P/TSX 60 Index Original
One of Canada's big-name cannabis producers no longer qualifies for a benchmark stock index, a sign of the decline in value the overall industry has seen. Shares of Canopy Growth (NASDAQ:CGC,TSX:WEED) were dropped from a benchmark index in Canada, reflecting the company's poor performance in the stock market. Also this week, a beverage manufacturer that plans to bet heavily on the cannabis industry began to set the stage for its entry with its most recent quarterly report.
From NFTs to the Metaverse: 5 Popular Tech Terms for Investors
Investors are being presented with an array of new technology investment trends, but understanding them and discerning between them can often be confusing. The quickly developing technology investment space can feel overwhelming, but newcomers shouldn’t necessarily be too concerned about catching up. Experts have previously told the Investing News Network that those worried about being left behind should remember this is just the starting period for many of these new avenues.
CoinSmart to Participate in the Canaccord Genuity Digital Disruptor Conference
Coinsmart Financial Inc . (NEO: SMRT) (FSE: IIR) ( "CoinSmart'' or the "Company" ) one of Canada's leading crypto asset trading platforms, has announced the addition of three key new hires in its Toronto office as it expands its leadership team to accelerate company growth after a record year. Jodi Klein joins as Head of Growth, Pierre Soulard as Chief Legal Officer, and Nooreen Kanji as Head of People.
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