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 February 10th – 16th, 2020.

Without further ado, let’s get started.

10. Demand For Psychedelic Investments Continues to Grow, New IPO Slated for 2020

New Psychedelic Firms Are Attracting Global Investor Interest With One Preparing to IPO Soon

Move over Cannabis Stocks, Psychedelics could become the new go-to alternative investment in 2020. The growing trend has caught the attention of some very high profile investors in former Canopy Growth WEED CGC (FRA: 11L1) CEO Bruce Linton, Shark Tank’s Kevin O’Leary and a few very large Silicon Valley tech investors.

READ FULL PSYCHEDELICS IPO ARTICLE

9. Ignite International Brands to Add New Premium Vodka Product to IGNITE Beverages Division

IGNITE Beverages Set to Enter Alcohol Business After Revealing New Premium Vodka

Dan Bilzerian’s Ignite International Brands BILZ BILZF 2L announced that it’s subsidiary IGNITE Beverages will be adding a second drink to its product line. Joining the previously announced IGNITE Alkaline PH9 Water will be the company’s new Ignite branded premium vodka.

READ FULL IGNITE ARTICLE

8. 4 Pot Stocks Capable of $1 Billion in Annual Sales By 2022

These Cannabis Stocks Could Put the “Green” in Green Rush

There are a handful of Pot Stocks that are fully capable of outperforming in a challenging environment. Based on their existing growth trajectory and Wall Street‘s very fluid sales projections, 4 vertically integrated Multi-State Operators (MSO) in the U.S. are the likeliest to hit $1 billion in annual sales on a recurring basis by 2022, or possibly even sooner.

READ FULL CANNABIS SALES ARTICLE

7. CannTrust Appoints New CEO as it Seeks Regulatory Reinstatement

As of the End of January, CannTrust Had A Very Healthy Cash Position of Approximately $167 Million

CannTrust Holdings TRST CTST (FRA: C9S) announced it has appointed a new chief executive officer while providing an update on how the company plans to get its Health Canada licence to grow cannabis again.

READ FULL CANNTRUST ARTICLE

6. Organigram Begins Shipping Its First Cannabis-Infused Chocolates

Every 8 Hours, OGI’s New Automated Manufacturing Line Produces 60,000 Cannabis-Infused Chocolates

Organigram Holdings’ OGI OGI 0OG first line of Cannabis 2.0 edibles set to hit the market will be the company’s cannabis-infused chocolate truffles brand called Edison Bytes. They are round chocolate bites, filled with a creamy chocolate centre infused with THC and Organigram is selling the truffles in two sizes, a one-pack and a two-pack.

READ FULL ORGANIGRAM ARTICLE

5. Aurora Cannabis Keeps $2.80 Price Target at AltaCorp Capital

Shares of Aurora Rose on Thursday Following the Release of its Q2 Fiscal 2020 Earnings

In an update to clients on Thursday, AltaCorp Capital analyst David Kideckel maintained his position that Aurora Cannabis ACB ACB (FRA: 21P) is one of the better positioned Canadian licensed producers (LPs). Kideckel maintained his “Sector Perform” rating and $2.80 per share price target on shares of ACB stock.

READ FULL AURORA CANNABIS ARTICLE

4. 5 Hottest Marijuana Markets in the U.S. — And the Stocks Set to Win the Most in Them

The Hottest Marijuana Markets Aren’t Necessarily the Biggest Ones

Quite a few Marijuana Stocks could emerge as winners from the fastest-growing legal cannabis markets. These 5 U.S. Pot Stocks are at the top of the list. Trulieve Cannabis TRUL TCNNF, Cresco Labs CL CRLBF 6CQ, Green Thumb Industries GTII GTBIF (FRA: R9U2), Innovative Industrial Properties IIPR and Scotts Miracle-Gro SMG SCQA.

READ FULL U.S. POT STOCKS ARTICLE

3. Curaleaf Acquisition Of Grassroots Clears HSR Waiting Period

When Originally Announced, The Acquisition Consisted of 61 Retail Licenses and 20 Operating Locations

Curaleaf Holdings CURA CURLF announced that the company’s acquisition of Grassroots has seen the required “HSR waiting period” lapse, meaning the company has essentially been given the green light by the Department of Justice to continue with the acquisition under antitrust laws. Once closed, the acquisition of Grassroots will make Curaleaf the largest cannabis company in the world.

READ FULL CURALEAF ARTICLE

2. This California Cannabis Stock Finished 2019 Red-Hot

TransCanna is Rapidly Becoming a Leader in the California Cannabis Industry

TransCanna Holdings TCAN TCNAF TH bucked the downtrend in late 2019 outperforming the broad cannabis sector. While the majority of Pot Stocks continued their downward trajectory, TransCanna started December trading at just $0.54 per share and from that point, TCAN stock soared 118% to finish 2019 at $1.18. TCAN continued to climb through the first week of January 2020 gaining over 270% since the start of December. Following a healthy pullback, TCAN stock is once again on the rise.

READ FULL TRANSCANNA ARTICLE

1. Surprise Surprise The King is Back: Pot Stocks Soar Following Canopy Growth’s Q3 Earnings Beat

WEED Stock Jumped as Much as 20% While Many Other Cannabis Stocks Posted Double-Digit Gains

Canopy Growth WEED CGC (FRA: 11L1) released Earnings for the third quarter of fiscal 2020. Canopy’s revenue beat and smaller than expected Q3 loss ignited Marijuana Stocks across the board. These 13 Pot Stocks finished the week posting double-digit gains.

READ FULL CANOPY GROWTH ARTICLE

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