Cannabis Watch: The $4 billion time bomb ticking away inside the biggest marijuana companies [MarketWatch]
The $4 billion time bomb ticking away inside the biggest marijuana companies As pot-stock mania gripped North America in 2018, a bidding war struck up for a relatively small marijuana-growing property in a Toronto suburb. The 9,000-square-foot facility was only capable of growing about C$12 million ($9 million) worth of pot in a year, but that didn’t seem to matter. Marijuana companies were surging in interest and market cap as Canada planned to legalize recreational pot sales, and companies that established at least one cultivation license were receiving beneficial treatment from Health Canada, which meant snagging the property and its accompanying license could lead to a legitimate growing business in more ways than one. RavenQuest BioMed Inc. RVVQF, +2.35% RQB, +2.13% eventually “won” the bidding, agreeing to pay nearly C$30 million. But after Health Canada stopped expediting requests from license holders, RavenQuest was unable to capitalize on its purchase in the way it had
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- DEADLINE ALERT for ACB and PGEN: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of ShareholdersGlobeNewswire
- Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Aurora Cannabis, Credit Acceptance Corporation, Precigen, and Royal Caribbean and Encourages Investors to Contact the FirmGlobeNewswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Aurora Cannabis, Inc. of Class Action Lawsuit and Upcoming Deadline – ACBGlobeNewswire
- ROSEN, TOP RANKED GLOBAL COUNSEL, Reminds Aurora Cannabis Inc. Investors of Important Deadline in Securities Class Action – ACBGlobeNewswire
- Thinking about buying stock in Coca-Cola, Snap, Pinterest, AT&T, or Aurora Cannabis?PR Newswire
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