Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week

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 December 23rd – 29th, 2019.

Without further ado, let’s get started.

10. 3 Pot Stocks Poised to Thrive in Ontario’s Revamped Retail Cannabis Market

Canada’s Largest Province Will Dramatically Increase its Retail Cannabis Store Count

The new and improved Ontario retail cannabis market could prove lucrative for these 3 Cannabis Stocks.

READ FULL ONTARIO POT STOCKS ARTICLE

9. Multi-Billion Dollar California Cannabis Market is Up For Grabs

2020 is Shaping Up to Be a Huge Year For These California Cannabis Stocks

With no clear leader in the world’s largest cannabis market, these 4 California Pot Stocks look to fill the gaping void.

READ FULL CALIFORNIA POT STOCKS ARTICLE

8. ETFMG ETF Pays Annualized Dividend of $34.2 Million – 7.68% on MJ – To Close Out the Year

Investors in MJ ETF Received a Total of $34,232,000 in Quarterly Dividend Payouts in 2019

ETFMG, a leading thematic ETF issuer behind the world’s largest cannabis ETF, MJ, the ETFMG Alternative Harvest ETF MJ, has declared a $13,056,000 quarterly dividend, which equates to $0.32 per share.

READ FULL MJ ETF ARTICLE

7. HEXO is Slashing Prices With Today’s Surprise Boxing Day Stock Sale

HEXO Corp. Announces $25 Million Registered Direct Offering

HEXO’s HEXO HEXO (FRA: 74H) NYSE listed stock tanks as Canadian investors stuck watching from the sidelines.

READ FULL HEXO ARTICLE

6. The Green Organic Dutchman Closes $27.7 Million Senior Secured Credit Facility

The Deal Follows the $27.6 Million Bought Deal Closed Last Week

Green Organic Dutchman TGOD TGODF (FRA: O1GA) has closed its previously announced financing for $27.7 million in the form of an 18 month senior secured first-lien credit facility.

READ FULL TGOD ARTICLE

5. Medmen Signs Term Sheets to Divest Arizona and Illinois Assets, Reduces Financing

Medmen Expects to Generate Approximately $54 Million From the Sale of These Assets

Medmen Enterprises MMEN MMNNF 0JS announced progress in its recent decision to sell certain non-core assets of its U.S. holdings. In accordance with that plan, the firm has entered a non-binding term sheet to sell its three Arizona vertical licenses, as well as a binding term sheet to sell a cultivation and manufacturing license in Illinois.

READ FULL MEDMEN ARTICLE

4. Aurora Cannabis and Organigram Announce Release of New Cannabis 2.0 Products

ACB Stock Drops 10% While OGI Climbs 2.6% in Response to the Announcements

Aurora Cannabis ACB ACB (FRA: 21P) confirms the company’s new Cannabis 2.0 shipments following Cam Battley’s departure. Organigram OGI OGI 0OG releases its Trailblazer Torch vape cartridges as its first new Legalization 2.0 product format.

READ FULL CANNABIS 2.0 ARTICLE

3. Green Thumb Says 5 Illinois Stores Expected to Offer Adult-Use Cannabis Sales on Jan. 1

Green Thumb is Currently Rebranding its Illinois Adult-Use Stores to its National Retail band ‘Rise’

Green Thumb GTII GTBIF (FRA: R9U2) announced that it anticipates five of the company’s Illinois cannabis stores will be open for recreational cannabis sales on January 1, 2020, which would be the first day when recreational cannabis purchase becomes legal in Illinois.

READ FULL GTII ARTICLE

2. How One Company Plans to Dominate California’s Unclaimed Cannabis Market

TCAN Stock Achieves TCI Price Target in Only 8 Days, Shows No Signs of Slowing Down

TransCanna’s TCAN TCNAF TH suite of cannabis brands are driving sizable growth and creating value for TCAN shareholders.

READ FULL CALIFORNIA CANNABIS ARTICLE

1. 3 Cannabis Stocks That Made Santa’s Nice List

While Most Marijuana Stocks Were Akin to Lumps of Coal in 2019, A Few Hit High Notes

But, believe it or not, a few Cannabis Stocks actually made Santa’s nice list in 2019, and it has everything to do with their income statements. In an industry where losses abound, these Pot Stocks have stood out for all the right reasons.

READ FULL SANTA’S POT STOCKS ARTICLE

Image Sourced from Pixabay