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

Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of July 27th – August 2nd, 2020.

Without further ado, let’s get started.

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10. U.S. Pot Stocks Are Heating Up and This Lesser-Known Cannabis Name Looks Poised to Catapult to the Top

Many Investors Placed Their Bets on the Illinois Cannabis Market, But Michigan is Now Surging, and When All is Said and Done, the Great Lakes State Could Be the Come Behind Winner

By September 2020, Michigan will generate $390 million in adult-use sales and nearly $1.5 billion by the end of 2021 before maturing into a $3 billion industry over the next few years. An effective combo of being in the right place, at the right time, with the right people has seen burgeoning multi-state operator (MSO), Red White & Bloom RWBYF establish a dominant 22% market share in Michigan’s cannabis market.

READ FULL RWB MICHIGAN ARTICLE

9. Will Cannabis Entrepreneurs Switch to Psychedelics?

The Psychedelics Space is Heating Up, and Major Players Have Taken Notice

The market is bolstered by a growing number of Psychedelics reform movements across the U.S., as well as an increasing number of market participants, including names like Champignon Brands SHRMF, Hollister HSTRF and Revive Therapeutics RVVTF. Cannabis firms and notable sector leaders are joining the market. Notable names include former Canopy Growth CGC CEO Bruce Linton, now a director at MindMed MMEDF and chairman of the advisory board for Red Light Holland TRIP.

READ FULL PSYCHEDELICS INVESTING ARTICLE

8. American Cannabis Operator Stocks Soar 27% in July

Adding to a 29% Gain in Q2 Despite a Pullback in June, the American Cannabis Operator Index Rocketed Higher in July, Increasing 26.7%

The four best performing Cannabis Stocks included Planet 13 PLNHF, cbdMD YCBD, TerrAscend TRSSF and Curaleaf CURLF.

READ FULL U.S. OPERATORS ARTICLE

7. Totally Out There: Our Top 5 Psychedelic Stocks

As Cannabis Investors Increasingly Cross Over to the Psychedelic Side of the Aisle, the Race is on to See Which Company Will Be the Leader

Here are the top 5 Psychedelic Stocks as measured by market cap:

• MindMed MMEDF 
• Champignon Brands SHRMF
• Revive Therapeutics RVVTF
• Mydecine Innovations Group MYCOF
• Numinus Wellness LKYSD

READ FULL TOP 5 PSYCHEDELIC STOCKS

6. Aleafia Health Launches Same-Day, Direct-to-Door Medical Cannabis Delivery

Previously, Aleafia’s Service Offered Next-Day Delivery Only

Aleafia Health’s ALEAF AssureHome Delivery, the industry-leading direct-to-door medical cannabis service, has now launched same-day delivery.

READ FULL ALEAFIA HEALTH ARTICLE

5. 3 Psychedelic Stocks for Healthcare Investors

Psychedelic Stocks Aren’t Yet Getting Cannabis-Level Attention, But There Interesting Opportunities Here

Yes, there’s some credibility to psychedelics and, potentially, investment rewards. Here are a few Psychedelic Stocks to consider.

• Champignon Brands SHRMF
• MindMed MMEDF
• Hollister HSTRF

READ FULL PSYCHEDELIC STOCKS ARTICLE

4. Red White & Bloom Exercises Call Option to Acquire 100% of Michigan-Based PharmaCo

Following the Acquisition’s Close, Red White & Bloom’s Financials Will Be Consolidated Under the Umbrella of the Public Company

Red White & Bloom RWBYF announced Monday that it officially provided notice of its intent to exercise the company’s option to acquire 100% of Michigan-based PharmaCo.

READ FULL RED WHITE & BLOOM ARTICLE

3. MindMed Completes Dosing 18-MC Phase 1 Study

MindMed, Seeing Early Success, Will Advance Preparations for a Phase 2a Clinical Trial in Opioid Addiction

MindMed MMEDF has concluded dosing in a Phase 1 Single Ascending Dose (SAD) study of 18-MC. The dosing of 18-MC was well tolerated in humans and will help advance planning for a Phase 2a clinical trial in opioid addiction.

READ FULL MINDMED ARTICLE

2. Aphria: PI Financial Raises Price Target, Canaccord Reiterates Target

Last Week, Aphria Reported Year-End and Q4 Earnings Featuring Q4 Net Revenue of CDN $152.2 Million and EBITDA of CDN $8.6 Million

PI Financial reiterated its buy recommendation on Aphria APHA and upgraded its 12-month price target from CDN $8 to CDN $12. Canaccord reiterated their 12-month price target of CDN $10, or a 56.5% upside while keeping its speculative buy recommendation.

READ FULL APHRIA ARTICLE

1. Revive Therapeutics Announces U.S. FDA Approval of Confirmatory Phase 3 Clinical Trial for Bucillamine in COVID-19

The Phase 3 Clinical Study Titled, “A Multi-Center, Randomized, Double-Blind, Placebo-Controlled Study of Bucillamine in Patients with Mild-Moderate COVID-19”, Will Enroll Up to 1,000 Patients

Revive Therapeutics RVVTF announced that the U.S. Food & Drug Administration (FDA) has approved the company to proceed with a randomized, double-blind, placebo-controlled confirmatory Phase 3 clinical trial protocol to evaluate the safety and efficacy of Bucillamine in patients with mild-moderate COVID-19.

READ FULL REVIVE THERAPEUTICS ARTICLE

Photo by Rick Proctor on Unsplash