Finance

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

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Welcome to the&nbsp;Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of June 22nd – 28th, 2020.” data-reactid=”19″>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 June 22nd – 28th, 2020.

Without further ado, let’s get started.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="*&nbsp;Yahoo Finance readers, please&nbsp;click here to view full article.” data-reactid=”21″>* Yahoo Finance readers, please click here to view full article.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="10. Red White &amp; Bloom Investee Secures 9 New Michigan Cannabis Cultivation Licenses” data-reactid=”22″>10. Red White & Bloom Investee Secures 9 New Michigan Cannabis Cultivation Licenses

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="RWB’s Investee Has Also Commenced its First Indoor Harvest in Detroit Marking an Important Milestone for the Company” data-reactid=”23″>RWB’s Investee Has Also Commenced its First Indoor Harvest in Detroit Marking an Important Milestone for the Company

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The newly awarded cannabis licenses will allow&nbsp;Red White &amp; Bloom (OTCQX: TDRYD)&nbsp;investee PharmaCo to expand its cultivation capacity in&nbsp;Michigan. The harvest will provide the Michigan market with a much-needed supply of ultra-premium, lab-approved cannabis amid the current statewide product shortage.” data-reactid=”24″>The newly awarded cannabis licenses will allow Red White & Bloom (OTCQX: TDRYD) investee PharmaCo to expand its cultivation capacity in Michigan. The harvest will provide the Michigan market with a much-needed supply of ultra-premium, lab-approved cannabis amid the current statewide product shortage.

READ FULL RED WHITE & BLOOM ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="9. The Investor Path to Psychedelics and Why Now Might Be the Right Time to Invest” data-reactid=”26″>9. The Investor Path to Psychedelics and Why Now Might Be the Right Time to Invest

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For-Profit Investors Have Come Into the Space in a Big Way as They See Estimates Predicting Psychedelics Could Be a Billion Market by 2027” data-reactid=”27″>For-Profit Investors Have Come Into the Space in a Big Way as They See Estimates Predicting Psychedelics Could Be a Billion Market by 2027

After years of circling the industry looking for signs to invest, and while watching the growing need for opioid-free mental health treatment, investors are now beginning to see Psychedelics as a sure thing.

READ FULL PSYCHEDELICS INVESTING ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="8. Sell Your Canopy Growth Stock, PI Financial Says” data-reactid=”30″>8. Sell Your Canopy Growth Stock, PI Financial Says

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="That’s According to PI Financial Analyst Jason Zandberg Who Updated Clients on Thursday” data-reactid=”31″>That’s According to PI Financial Analyst Jason Zandberg Who Updated Clients on Thursday

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The new arrangement between Canadian cannabis producer&nbsp;Canopy Growth (NYSE: CGC)&nbsp;and U.S.&nbsp;multi-state operators&nbsp;(MSO)&nbsp;Acreage Holdings (OTCQX: ACRGF)&nbsp;is kind of neither here nor there in its impact on Canopy’s fortunes.” data-reactid=”32″>The new arrangement between Canadian cannabis producer Canopy Growth (NYSE: CGC) and U.S. multi-state operators (MSO) Acreage Holdings (OTCQX: ACRGF) is kind of neither here nor there in its impact on Canopy’s fortunes.

READ FULL CANOPY GROWTH ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="7. Aurora Cannabis is Laying Off a Huge Swath of its Workforce and Shutting Down Five Facilities” data-reactid=”34″>7. Aurora Cannabis is Laying Off a Huge Swath of its Workforce and Shutting Down Five Facilities

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="25% of Administrative, Sales and 30% of its Production Staff Are Going” data-reactid=”35″>25% of Administrative, Sales and 30% of its Production Staff Are Going

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Aurora Cannabis (NYSE: ACB)&nbsp;on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry.” data-reactid=”36″>Aurora Cannabis (NYSE: ACB) on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry.

READ FULL AURORA CANNABIS ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="6. Ways to Invest in Psychedelics” data-reactid=”38″>6. Ways to Invest in Psychedelics

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Promising Research Associated with Psychedelic Medicine Has Generated Interest in the Potential For These Products as Treatments for Mental Health Issues or Even Addiction to Opioids” data-reactid=”39″>Promising Research Associated with Psychedelic Medicine Has Generated Interest in the Potential For These Products as Treatments for Mental Health Issues or Even Addiction to Opioids

The heightened potential recently attached to psychedelic drugs has made market players ask themselves how to invest in Psychedelics. Early projections for the space, including a data report from a Canadian exchange, have pegged the Magic Mushroom industry with the potential to reach a USD $7 billion value by 2027.

READ FULL INVEST IN PSYCHEDELICS ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="5. TCI Analyst Activity Tracker: Top Cannabis Stocks with New Research, Ratings and Price Targets” data-reactid=”42″>5. TCI Analyst Activity Tracker: Top Cannabis Stocks with New Research, Ratings and Price Targets

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Here’s Our Summary of the Top Pot Stocks with New Analyst Research, Ratings or Price Targets” data-reactid=”43″>Here’s Our Summary of the Top Pot Stocks with New Analyst Research, Ratings or Price Targets

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Cronos Group (NASDAQ: CRON)&nbsp;and&nbsp;Innovative Industrial Properties (NYSE: IIPR)&nbsp;received a boost on Tuesday after analysts released new bullish research reports upgrading the shares of one company while increasing the price target on the other. Throughout June, multiple analysts&nbsp;Initiated Coverage&nbsp;or adjust their&nbsp;Ratings and Price Targets&nbsp;on several other high profile&nbsp;Cannabis Stocks.” data-reactid=”44″>Cronos Group (NASDAQ: CRON) and Innovative Industrial Properties (NYSE: IIPR) received a boost on Tuesday after analysts released new bullish research reports upgrading the shares of one company while increasing the price target on the other. Throughout June, multiple analysts Initiated Coverage or adjust their Ratings and Price Targets on several other high profile Cannabis Stocks.

READ FULL ANALYST ACTIVITY ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="4. Canopy Growth Amends Acreage Holdings Acquisition Terms” data-reactid=”46″>4. Canopy Growth Amends Acreage Holdings Acquisition Terms

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Quite Frankly, it’s a Bit of a Messy Amendment” data-reactid=”47″>Quite Frankly, it’s a Bit of a Messy Amendment

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Canopy Growth (NYSE: CGC) and&nbsp;Acreage Holdings (OTCQX: ACRGF)&nbsp;have amended their plan of arrangement initially put in place last year. The amended agreement will see a number of modifications” data-reactid=”48″>Canopy Growth (NYSE: CGC) and Acreage Holdings (OTCQX: ACRGF) have amended their plan of arrangement initially put in place last year. The amended agreement will see a number of modifications

READ FULL CANOPY ACREAGE ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="3. Liberty Health Reports FY2020 Revenues of .1 Million, Net Income of .3 Million” data-reactid=”50″>3. Liberty Health Reports FY2020 Revenues of .1 Million, Net Income of .3 Million

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Costs of Goods Sold for the FY Came in at .9 Million, Providing Liberty with a Gross Profit of .2 Million Before Fair Value Adjustments” data-reactid=”51″>Costs of Goods Sold for the FY Came in at .9 Million, Providing Liberty with a Gross Profit of .2 Million Before Fair Value Adjustments

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Liberty Health (OTCQX: LHSIF)&nbsp;reported its fourth-quarter earnings this morning, reporting revenues of $17.8 million for the quarter ended February 29, 2020. Full fiscal year revenues came in at $50.1 million, a significant increase from FY19’s figure of $10.0 million.” data-reactid=”52″>Liberty Health (OTCQX: LHSIF) reported its fourth-quarter earnings this morning, reporting revenues of $17.8 million for the quarter ended February 29, 2020. Full fiscal year revenues came in at $50.1 million, a significant increase from FY19’s figure of $10.0 million.

READ FULL LIBERTY HEALTH ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="2. MindMed Developing IP For Personalized Psychedelic Assisted Therapies” data-reactid=”58″>2. MindMed Developing IP For Personalized Psychedelic Assisted Therapies

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MindMed, in Collaboration with the University Hospital Basel, Filed Two Separate Patent Applications for Technologies to Screen and Optimize the Dosing of MDMA and LSD” data-reactid=”59″>MindMed, in Collaboration with the University Hospital Basel, Filed Two Separate Patent Applications for Technologies to Screen and Optimize the Dosing of MDMA and LSD

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="MindMed (OTCQB: MMEDF)&nbsp;announced the company is developing technologies and analytics that seek to personalize psychedelic therapy experiences for a specific patient. The technology aims to optimize the dosing of MDMA, LSD and other psychedelics based on a patient’s profile.” data-reactid=”60″>MindMed (OTCQB: MMEDF) announced the company is developing technologies and analytics that seek to personalize psychedelic therapy experiences for a specific patient. The technology aims to optimize the dosing of MDMA, LSD and other psychedelics based on a patient’s profile.

READ FULL MINDMED ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="1. Trulieve Expands Florida Presence, Cuts Ribbon on Brooksville Store” data-reactid=”62″>1. Trulieve Expands Florida Presence, Cuts Ribbon on Brooksville Store

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Announcement Comes Just a Month After the Florida-Based Company Hit a Milestone By Opening its 50th Dispensary” data-reactid=”63″>The Announcement Comes Just a Month After the Florida-Based Company Hit a Milestone By Opening its 50th Dispensary

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Trulieve (OTCQX: TCNNF)&nbsp;has opened yet another retail location. The newly opened store — located at 14099 Cortez Boulevard in&nbsp;Brooksville, Florida —&nbsp;is the company’s 49th location in the state.” data-reactid=”64″>Trulieve (OTCQX: TCNNF) has opened yet another retail location. The newly opened store — located at 14099 Cortez Boulevard in Brooksville, Florida — is the company’s 49th location in the state.

READ FULL TRULIEVE ARTICLE

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Photo by Rick Proctor on Unsplash” data-reactid=”66″>Photo by Rick Proctor on Unsplash

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="See more from Benzinga” data-reactid=”67″>See more from Benzinga

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.” data-reactid=”72″>© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This article was originally published on Yahoo Finance

Products You May Like

Articles You May Like

BP to invest $70 million in India’s Green Growth Equity Fund
Which English councils rely heavily on commercial investments?
Here’s How Much Investing $1,000 In MFA Financial In 2010 Would Be Worth Today
Baird & Warner, Sterling Bay secured big PPP funds
Small-Cap Investing Has Proved Favorable in the Last Two Decades

Leave a Reply

Your email address will not be published. Required fields are marked *