In This Article:
Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week
Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for the week of September 16th – 22nd, 2019.
Without further ado, let’s get started.
10. Bruce Linton Sees Psychedelics Having a Similar Run as the Cannabis Boom
The founder and former CEO of Canopy Growth (TSX: WEED) (NYSE: CGC) Bruce Linton announced his highly anticipated return to the cannabis industry. Amongst his list of initiatives were various new advisory roles and investments within the cannabis sector which included his activist investment in Slang Worldwide (CSE: SLNG) (OTCPK: SLGWF).
In addition to his cannabis-related endeavours, Linton disclosed that he is also entering the new frontier of psychedelics.
READ FULL BRUCE LINTON ARTICLE HERE
9. Take a Virtual Tour of Aleafia Health’s Automated State-of-the-Art Niagara Greenhouse
In an email to investors, Aleafia Health (TSX: ALEF) (OTCQX: ALEAF) released a series of high-quality images of its world-class 160,000 sq. ft. modern, fully automated Niagara Greenhouse.
The Niagara facility boasts an impressive automated system that includes moving container benches and automatic potting machines which were designed to increase yields, reduce expenses, limit risk and allow the company to produce continuous year-round premium cannabis harvests.
Aleafia’s Niagara Greenhouse is truly a sight to behold, take the virtual tour and see for yourself.
TAKE THE VIRTUAL ALEAFIA GREENHOUSE TOUR HERE
8. AGLC to Return .3 Million Worth of CannTrust Products
CannTrust (TSX: TRST) (NYSE: CTST) reported on Thursday that the Alberta Gaming, Liquor and Cannabis Commission (AGLC) has decided to return $1.3 million worth of the company’s products.
The AGLC news comes on the heels of Health Canada suspending CannTrust’s sales and cultivation licenses earlier in the week.
READ FULL CANNTRUST ARTICLE HERE
7. Alliance Global Initiates Bullish Coverage on 4 Cannabis Stocks
Alliance Global analyst Aaron Grey has initiated coverage on four cannabis stocks.
The analyst issued a buy rating on all four stocks which included Acreage Holdings (CSE: ACRG.U) (OTCQX: ACRGF), Village Farms (TSX: VFF) (NASDAQ: VFF), Green Thumb (CSE: GTII) (OTCQX: GTBIF) and GrowGeneration (OTCQX: GRWG).
READ FULL ALLIANCE GLOBAL ARTICLE HERE
6. iAnthus to Acquire Sierra Well for .6 Million
iAnthus (CSE: IAN) (OTCQX: ITHUF) struck a deal this week to acquire Sierra Well also known as WSCC, Inc. for $27.6 million.
As per the terms of the deal, iAnthus will pay Sierra Well $22.5 million in iAnthus stock and $5.1 million in cash.