After an eventful week marked by the termination of Canopy Growth Corp CGC's Bruce Linton, the upcoming week appears to be a pretty busy one for the cannabis industry.
Here are some key events cannabis investors should keep on the radar over the next five days.
Historic House Panel Hearing
On July 10, the House Judiciary Subcommittee on Crime, Terrorism, and Homeland Security is scheduled to hold a landmark hearing to discuss cannabis laws and reform, which could potentially mean the end of prohibition in the U.S. on a federal level. The hearing, titled “Marijuana Laws in America: Racial Justice and the Need for Reform” could also help advance the STATES Act, which aims to protect cannabis businesses from federal prosecution, to the House floor.
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KushCo Earnings
One of the largest providers of ancillary services to the cannabis industry, KushCo Holdings Inc KSHB is expected to release its financial results for the third quarter of fiscal 2019 on June 9 after the market close.
Other Corporate News
On Monday, Leafbuyer Technologies Inc LBUY expects to close its previously announced private placement of $4.50 million worth of common stock and warrants to two institutional investors.
On Tuesday, Puration Inc PURA and Nouveau Life Pharmaceuticals Inc NOUV will provide an online update. Last year, Nouveau was spun off from Puration to focus on growing hemp. On July 8, Nouveau is expected to post its financial results for the last quarter and the update the following day will concern the stock dividend that Nouveau should issue to Puration shareholders under the spin-off deal.
On Wednesday, Medmen Enterprises Inc MMNFF will host a ribbon cutting event at its West Palm Beach store. The event will celebrate the company's first location in Florida, as well as the partnership with Epilepsy Florida established last week.
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