Aurora Cannabis’ stock debuts on the NYSE, falling 9.4% on heavy volume

Aurora Cannabis’ stock debuts on the NYSE, falling 9.4% on heavy volume
Shares of Aurora Cannabis Inc. ACB, -8.32% debuted on the New York Stock Exchange Tuesday, by falling 9.4% in active morning trade. Trading volume was 6.7 million shares within the first 25 minutes after the open, enough to make it the fourth-most active stock on the Big Board. The Vancouver-based medical cannabis production and distribution company’s stock was previously listed... Read More

ABBV ACHIEVES Goals, HealthStream’s CFO Resigns, NTEC On Watch

ABBV ACHIEVES Goals, HealthStream’s CFO Resigns, NTEC On Watch
Today’s Daily Dose brings you news about AbbVie’s ulcerative colitis trial results; Chembio’s preliminary Q3 revenue and stock offering; HealthStream’s Q3 results and CFO resignation; Intec Pharma’s progress in ACCORDANCE study, and acquisition of Therapix Biosciences by SD Pharma. Read on… AbbVie’s (ABBV) ongoing phase IIb/III dose-ranging study evaluating investigational Upadacitinib in adult patients with moderately to severely active ulcerative... Read More

Small medical pot companies plan to merge in $48 million stock deal

Small medical pot companies plan to merge in $48 million stock deal
Small Canada-based marijuana producer FSD Pharma Inc. FSDDF, -19.60% said late Monday it intends to acquire Therapix Biosciences Ltd. TRPX, +2.79% for $48 million in stock. FSD said that it has a license to cultivate medical marijuana in Canada and has been harvesting cannabis since last month, though the company did not disclose the quantity. MarketWatch was unable to immediately... Read More

Net Element’s stock rockets after launching payment service aimed at cannabis industry

Net Element’s stock rockets after launching payment service aimed at cannabis industry
Shares of Net Element Inc. NETE, +66.34% rocketed 63% in active morning trade Monday, after the Florida-based payments-as-a-service company said its Unified Payments subsidiary launched a “secure and compliant” payment processing offering for the legal cannabis industry. Volume jumped to 4.1 million shares, compared with the full-day average of about 81,000 shares. The company said payment processing for the growing... Read More

Canadian cannabis company Green Organic Dutchman raises C$76 million in bought deal

Canadian cannabis company Green Organic Dutchman raises C$76 million in bought deal
Canadian cannabis company The Green Organic Dutchman Holdings Ltd. TGODF, -6.73% TGOD, -4.71% said Friday it has raised 76 million Canadian dollars ($99 million) in a capital raising to fund its expansion plans. The company closed a bought deal that involved the sale of 10.9 million units and 1.5 million warrants at a price per unit of C$6.85. The offering... Read More

Car crashes rise in states where marijuana is legal relative to states where it isn’t–IIHS-HDLI

Car crashes rise in states where marijuana is legal relative to states where it isn’t–IIHS-HDLI
Car crashes are up by as much as 6% in the four states in which recreational marijuana is legal, compared with neighboring states in which it is still illegal, according to report published Thursday by the Insurance Institute for Highway Safety (IIHS) and the Highway Loss Data Institute (HLDI). The report comes a day after cannabis became fully legal for... Read More

Cannabis company MedMen to sell ‘significant portion’ of real estate assets to Treehouse

Cannabis company MedMen to sell ‘significant portion’ of real estate assets to Treehouse
MedMen Enterprises Inc. MMNFF, -0.87% announced Thursday a deal to sell a “significant portion” of its real estate assets to Treehouse Real Estate Investment Trust, with the initial deal expected to generate about $12.5 million in proceeds after the repayment of debt. Additional properties are expected to be sold to Treehouse over the next 12 months. The properties sold to... Read More