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Buds & Duds: iAnthus Capital rallies after closing its acquisition of MPX Bioceutical
Cronos Group declined following a downgrade to Hold by GMP Securities while Aphria fell after its board rejected Green Growth's hostile takeover bid
Company
NASDAQ:CRON
Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, the company is building an iconic brand portfolio. Its diverse international brand portfolio includes Spinach®, PEACE NATURALS®, and Lord Jones®.
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Cronos Group declined following a downgrade to Hold by GMP Securities while Aphria fell after its board rejected Green Growth's hostile takeover bid
Aphria shares are trading higher before the opening bell after short-seller Andrew Left moved to take profits in the cannabis company
Citron Research said 'Canadian weed' has 'run too far' and would be moving into US names
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Shares of Weekend Unlimited jumped more than 134% on Friday, after it announced it won the lottery for the POT stock ticker
HEXO Corp won approval this week for a listing on the NYSE American Exchange
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Cannabis stocks in the US and Canada are struggling in early trade
The bulk of US and Canadian cannabis companies lagged on Tuesday, after attorney general nominee William Barr said that the current system around marijuana laws is 'untenable' and he supports prohibiting marijuana across the US
Crop Infrastructure and Redfund Capital are companies encouraged by political developments supporting the medical and recreational marijuana industry
The benefits Canopy Growth holds over Cronos are scale and a $4 billion investment by Constellation Brands
Aphria shares are back on the rise after taking a hit from a short-seller report
The tobacco giant Altria is looking to widen its business beyond tobacco while Cronos is looking for a strategic partner to provide capital
The farm bill may legalize hemp and hemp-derived CBD in the US on the federal level
Shares of Cronos perked up again after it was reported that the maker of Marlboro cigarettes is in initial discussions to either take a stake in or possibly acquire the company
Investments and investor services
Also in the frame before the New York bell are Smartsheet Inc, Toll Brothers, Dollar General Corp, Aphria Inc and Cronos Group Inc
The legalization of marijuana by Canada is prompting renewed interest in investment in the country’s cannabis companies
Cannabis-focused life-science company CV Sciences was one of the few gainers on the North American Marijuana Index
Cannabis stocks saw a host of red and green across the board on Thursday
Cannabis stocks dropped Tuesday, despite news that Congress was close to finishing a farm bill, which includes provisions to legalize hemp
GW Pharmaceuticals was a top gainer on the North American Marijuana Index following positive data from its trial of Epidiolex, a treatment for a form of childhood epilepsy
Innovative Industrial Properties, which leases medical cannabis facilities, was one of the only gainers on the North American Marijuana Index