Medical Marijuana Program Connection

As pot stocks boom on hopes for U.S. legalization, Canadian cannabis companies struggle for growth

MMP News AuthorNovember 10, 2020

After huge recent stock gains on the hopes of a larger market for legal pot in the U.S., Canadian cannabis companies didn’t offer much to justify the exuberance Monday. Pot stocks experienced big gains in the past three sessions on hopes that presumptive President-elect Joe Biden would provide a path ... Read More

Canadian Market Retreats After Opening Higher; Cannabis Stocks Up Sharply

MMP News AuthorNovember 7, 2020

After opening modestly higher, reacting to data showing a drop in unemployment and some positive earnings reports, the Canadian market pared some gains subsequently on Friday morning. The mood remains cautious after the splendid rally in the previous session. Investors are looking ahead to some clear signals on the U.S. ... Read More

Canadian cannabis, psychedelics industries cheer state measures in U.S. election

MMP News AuthorNovember 7, 2020

TORONTO – Canadian cannabis and psychedelics companies that have been eyeing the U.S. market have a few new reasons to celebrate. Through U.S. election ballot questions, five states — Arizona, New Jersey, South Dakota, Mississippi and Montana — this week voted in favour of legalizing recreational or medical cannabis, while ... Read More

Munn & Affiliates, Biofloral & CANNA Canada launch a fully immersive digital spin-off of the Grower’s Source dedicated to the Canadian cannabis business community.

MMP News AuthorNovember 6, 2020

The Grower’s Source—The Canadian Cultivator’s Knowledge Network. /EIN News/ — MONTREAL, Nov. 06, 2020 (GLOBE NEWSWIRE) — The Grower’s Source was developed by Munn & Affiliates to support Biofloral and CANNA’s cannabis cultivation communities in 2018. This brand exhibit has now been transformed into a fully immersive experience dedicated to ... Read More

Canadian Cannabis Firm to Buy Atlanta’s SweetWater Brewing for $300m

MMP News AuthorNovember 5, 2020

SweetWater’s 420 brand will be distributed in Canada through the Aphria acquisition. SweetWater Brewing Co. has built its brand around the outdoors, leisure and not-so-subtle references to cannabis culture, hosting the signature 420 music festival and offering its 420 brew, a recent “strain” of which mimics the smell of marijuana ... Read More

Canadian cannabis company Cronos tops earnings estimates, stock jumps 6% premarket

MMP News AuthorNovember 5, 2020

Cronos Group Inc. shares CRON, -8.27% [ CRON, -8.65% rose 6% in premarket trade Thursday, after the Canadian cannabis company posted better-than-expected earnings for the third quarter and named a new CEO. Cronos said it had a net income of $68.464 million, or 19 cents a share, in the quarter, ... Read More