Danish cannabis: despite rising sales of flower, product availability is still a major issue

Elsewhere in Madrid, Hotel Mario, which is part of the Room Mate group and boasts 54 good-sized rooms, is housing essential medical workers free-of-charge and was indeed the first company in Spain to provide this service. All in all, 40 hotels are now offering hospitals and other healthcare organisations use of their rooms and amenities. Airbnb has come to the aid of the UK’s key medical workers and carers by offering them a place to crash free of charge. The online accommodation marketplace, which is listing available properties on its Open Homes platform, set itself the goal of putting up 100,000 healthcare professionals, first responders and relief workers. In March, multinational financial company Wells Fargo announced that it would be donating $175 million (£140m) towards coronavirus aid. The goal of the fund is to help struggling people in their day-to-day lives in providing housing stability, as well as assistance for small businesses and general financial health.

This includes the adoption of equitable licensing policies and social equity programmes . GW Pharmaceuticals develops cannabinoid-based prescription medicines and is only involved in the medicinal market. Its key drug, Epidiolex, has been approved by the US Food and Drug Administration to treat seizures triggered by Lennox-Gastaut syndrome or Dravet syndrome. Since being launched, over 2500 physicians have prescribed Epidiolex to more than 12,000 patients, with net sales in the US breaching $100 million for the first time in the first half of 2019. It plans to launch Epidiolex in France, Germany and the UK before the end of 2019, before expanding further into Spain and Italy in 2020. Patrick Morton from Cannabis Invest and Avihu Tamir, chief executive officer of Kanabo Research, sat down with IGTV’s Victoria Scholar to talk about the cannabis initial public offering market and future investment opportunities.

  • One of its unique features is its Portuguese manufacturing facility, which has recently started to export product to other European markets like Germany.
  • However, with many companies entering this fledgling market, cannabis branding will be key to grabbing the attention of consumers.
  • India’s leading budget hotel chain OYO Rooms is putting a roof over the heads of medical workers in the US.

Explore the range of markets you can trade – and learn how they work – with IG Academy’s free ’introducing the financial markets’ course. It has struck an exclusive deal with Factors Group of Nutritional Companies, the largest nutritional supplement manufacturer in Canada, which will see the pair run a facility capable of producing 600 million softgel capsules annually. As its new facilities come online and its partnerships gain momentum, Emerald Health expects a significant step up in growth next year. Still, the company hopes it can develop its drugs enough to entice bigger pharmaceutical companies to work with it, possibly making it a takeover target in the future.

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MediPharm Labs is taking a different approach to most of the other large cannabis players. The company produces cannabis extracts and is an expert in producing cannabis oils. It has decided to work as a partner and supplier to those that cultivate cannabis rather than sell directly to consumers or patients. In fact, it secured a licence to produce cannabis extracts before applying for a cultivation licence.

  • The company supplies purified cannabis concentrate raw materials and also helps others formulate new products, as well as with processing and packaging goods.
  • However, it currently makes around twice as much revenue from selling to the recreational market than medical, although the latter boasts better gross margins.
  • There has been a great deal of public health research in recent decades highlighting the failures of regulation in relation to corporate capture of tobacco and alcohol.
  • Legalising states in the US have also pursued direct preferencing of existing medical businesses in initial licensing procedures.

It has struck deals for other markets too, including a subsidiary of Breakthru Beverage Group, the largest alcohol distributor in Canada, and has set-up a joint venture with vet company Grey Wolf. It is also keen to break into other product areas such as vaping, beverages and confectionary. It has overseas operations through a 20% stake in Australian cannabis firm CannaTrek and a partnership with Stenocare, which supplies virtually all pharmacies across Denmark. The cannabis index market captures the gross total return performance of the 20 stocks listed in this article. This allows traders to speculate on the future direction of the wider cannabis market rather than individual stocks, and benefit by the leverage offered by financial derivative products like spread betting and CFDs.

Still, the presumed increased scrutiny of the remaining companies (more costly and time consuming to operate ?) in the aftermath of this fiasco, is driving the entire sector down. The above-listed names are very much like CannTrust, licensed producers mainly focused on Canada. That can only make the industry more transparent, adding to its legitimacy. Which, in turn, will make cannabis stocks investable to a wider universe of institutions, endowments, pension funds, etc. Exposure to regulatory risk, given nascent stage of MC industry and possible cannabis politicisation.

Practice head(s):

I am not currently, and have never been, short on any company in this piece. A marketing communication under FCA rules, this document has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. CannTrust shares rose slightly in Thursday’s pre-market session to hit $5.53. On CannTrust’s list of achievements in its latest quarter, was its move to enter into agreements with nine Canadian provinces to supply recreational cannabis across Canada. “CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in science and innovation,” said Peter Aceto, CannTrust’s new CEO. Its revenue, however, was the bright spot as it came in at $12.6 million, up from $6.1 million in the year-ago quarter.

is canntrust still in business

More than 400 influential leaders will convene to discuss New York’s revolutionary cannabis framework as more states prepare to legalize… In the UK, craft breweries such as Cloud 9 Brewing and Stockton Brewing Company are producing beer made with cannabis oil, while restaurants and bars including Madison on Park in San Diego and London restaurant Farmacy are making cocktails laced with CBD. In a release sent out post-legislation in Canada, Breakthru announced the launch of its subsidiary Kindred Partners, a Toronto-based speciality cannabis brokerage.

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Hearst Foundations announced a grant of over $50 million (£40.3m) to help a variety of medical, humanitarian and cultural organisations in the US. The fund’s parent company Hearst Corporation has also promised that there will be no job losses, furloughs or pay cuts for any of its writing staff, who span 24 daily publications as well as magazine giants like Cosmopolitan, Marie Claire, and Harper’s Bazaar. French fashion conglomerate Kering has snapped up three million protective masks from Chinese companies and is handing them over to the French health authorities. The group bosses have also instructed the Balenciaga and Saint Laurent factories to pivot production and make masks instead of high-end fashion pieces. Elon Musk’s other famous business SpaceX is 100% committed to the fight against coronavirus too. The company, which is in the process of manufacturing hand sanitisers and face shields, has presented staff at the Cedars-Sinai Medical Center in Los Angeles with Tyvek hazmat suits, and is hosting blood donation drives at its Californian HQ and key locations.

Another key figure is Carl Cunninghamin Toronto, who frequently acts for federally and provincially-regulated employers. Also based in Toronto is Susan Seller, who is the go-to pensions and benefits expert. Christine Plantejoined the Calgary office in September 2020 from Canadian Pacific Railway Company. Providing the client with strategic advice on the evolution of its famous brands and products, acquisition of IP, and the enforcement of its rights in Canada. Canadian counsel to Stone Canyon Industries Holdings LLC and Kissner Group Holdings, in their US$3.2bn agreement to acquire K+S Aktiengesellschaft’s North and South American salt business, including advising on all environmental and regulatory aspects.

Canada > Indigenous law

Loyola Keoughis another key practitioner, who is noted for her expertise in electricity regulatory matters. Offering coast-to-coast coverage, Bennett Jones LLP provides comprehensive legal services covering all environmental issues arising from project development, M&A, financing transactions, and insolvencies. The team is a go-to destination for companies from the oil and gas and infrastructure segments seeking advice on environmental impact assessments for the regulatory approval of projects. Vancouver-based Radha Curpenbrings together expertise in project permitting, ESG and transactional mandates.

The Comfort Inn hotel in Marshall is conveniently located off I-69 andMichigan Avenue. All guest rooms havehigh-speed Internet access, microwaves, refrigerators, coffee makers, ironsand ironing boards. Businesstravelers will enjoy the convenience of our 24-hour business center. Theindoor heated pool, hot tub and sauna will add to your relaxation and fun.

IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

  • And, companies with U.S. based assets should not be getting hit nearly as hard.
  • The larger the acquirer, the easier it would be to manage the lawsuits, penalties, fines and losses of existing / future business.
  • She runs Rohantime, a website dedicated to the brand which allows customers to exchange views as well as carrying news of branch openings, outdoor events and a flashback to garments past.
  • Last month, drinks producer Valiente teamed up with Californian cannabis-focused agriculture company Terra Tech to produce a non-alcoholic sparkling wine infused with cannabis called ‘IVXX’.

It already has deals to distribute to Germany and access to production facilities in Serbia. With the legalised cannabis market at such an early stage, investors are struggling to find companies that are profitable, let alone pay a dividend. Yet, Innovative Industrial Properties is profitable and already rewarding shareholders with a eco sober house rating policy to return 90% of its pre-tax income on a quarterly basis – a commitment it has consistently delivered since the second quarter of 2017. As a real estate investment trust , the company purchases facilities from cannabis companies and leases them back, freeing up vital capital for growers to redeploy elsewhere in the business.

It has minor production capabilities outside of Canada – in Germany and Lesotho – and operates in 10 countries with the intention of entering Brazil in the near future. It says its strategy outside of Canada is focused on the medicinal market, while it is primarily concentrating on Canada for recreational sales. Also in August, brewing giant Molson Coors confirmed a deal with medical marijuana firm The Hydropothecary Corporation to launch a standalone startup business which will develop “non-alcoholic, cannabis-infused beverages for the Canadian market following legalisation”. A recent report on the sales of cannabis-infused food and drink products, jointly published by two of the sector’s research firms Arcview and BDS Analytics, found that the industry has great potential for growth. As Canada marks the legalisation of recreational cannabis today, we round up the drinks companies that have been linked to or have confirmed investment in the industry.

This one is traded on the Canadian stock exchange and is also the oldest fund with an excellent history of investment returns. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and https://sober-home.org/ may be affected by external factors such as financial, regulatory or political events. IAnthus Capital Holdings Like Green Thumb Industries, iAnthus Capital Holdings focuses on the U.S. medical marijuana market. Its stock ranked as the second-best-performing marijuana stock of the first half of 2018, although the last couple of months weren’t as great for iAnthus.

Bennett Jones LLP > The Legal 500

Zynerba says it has no debt and enough cash to keep it going until the H2 2021, which may be enticing to investors considering the amount of dilution early investors in most cannabis stocks have suffered so far. Zynerba Pharmaceuticals concentrates on developing medicinal marijuana products that treat rare and ultra-rare diseases through transdermally-delivered products. It is targeting diseases like Fragile X syndrome, Autism Spectrum Disorder, 22q, and a heterogeneous group of rare and ultra-rare epilepsies. It uses a proven pharmaceutical manufacturing technique to ensure its products are up to scratch and says its lead product, Zygel, is the ‘first and only’ CBD gel that has been manufactured in this way.

The Company filed this Shelf Prospectus in order to maintain financial strength and flexibility going forward but has not entered into any agreements or arrangements to authorize or offer any securities at this time. For the time being Germany’s CropEnergies is keeping on top of demand, partly shifting from producing fuel alcohol to a more refined neutral alcohol that can be used to make hand sanitiser and other disinfectant cleansing products. The company has stepped up production to make enough alcohol to produce 10 million litres of disinfectant, which will then be distributed to hospitals and other institutions battling the virus. Horizons Junior Marijuana Growers Index ETF (HMJR.TO) is also on the Canadian stock exchange and fairly recently added. Incepted in February 2018, it consists primarily of publicly listed small-cap companies in North America that are essentially involved in the cultivation, production and/or distribution of marijuana. Horizons Marijuana Life Sciences Index ETF is an over the counter ETF with most of its portfolio full of companies with significant business activities in the marijuana industry.

Europe’s largest industrial manufacturing company has formed a COVID-19 aid fund to help relieve and combat the coronavirus pandemic. Siemens will match all donations made by employees, and all of the money raised will go to Caring Hands, a community-serving non-profit set up by the company. Siemens CEO and president Joe Kaeser got the ball rolling with a €1 million ($1.1m/£880k) donation, and he hopes that more donations will help Caring Hands to provide medical and social aid to those who need it.

Holiday Inn Express Fremont Angola Area, an IHG Hotelis a popular hotel in Fremont with barrier-free access. Whether you’re traveling for business or going on vacation, there are many popular hotels to choose from in Fremont.Holiday Inn Express Fremont Angola Area, an IHG Hotelis a popular hotel to stay at. Mr Fisher, today the executive chairman, steered it to a £384,000 operating profit last year and took turnover to £17.9m, up from £15.7m in 2009. It expects to turn over £28m this year on the back of like-for-like growth, store openings and increased internet sales.

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