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

Posted: March 18, 2020 at 2:44 am

Welcome to theCannabis Countdown. In this weeks rendition, well recap and countdown the top 10 Marijuana and Psychedelic Stock News stories for the week of March 9th 15th, 2020.

Without further ado,lets get started.

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The Burgeoning Psychedelics Industry Has Investors Tripping For an Opportunity to Ride the Shroom Boom

For those looking to enter the emergingPsychedelicssector, these 3Psychedelic Stocksshould be on every investors watchlist.

READ FULL PSYCHEDELIC STOCKS ARTICLE

Canopy Rivers is a Venture Capital Firm with a Unique Investment and Operating Platform

Narbe Alexandrian, CEO of Canadianlicensed producer(LP)Canopy Rivers (TSX: RIV) (OTC: CNPOF),sat down with TCI hostAlyssa Boston(Miss Universe Canada 2019 + Cannabis Crusader) to discuss the current state of the business as well as the companys plans for 2020 and beyond. The company has a strategic partnership in place withCanopy Growth (TSX: WEED) (NYSE: CGC) (FRA: 11L1), the worlds largest cannabis firm.

WATCH FULL CANOPY RIVERS VIDEO

As Per the Terms, Canopy Will Lend to TerrAscend $80.5 Million Through a Second Debenture

Canopy Growth (TSX: WEED) (NYSE: CGC) (FRA: 11L1)announced that it has made a further investment intoTerrAscend (CSE: TER) (OTCQX: TRSSF), this time in the form of a secured debenture to the tune of CDN $80.5 million. The loan follows a USD $10 million investment byCanopy Rivers (TSX: RIV) (OTC: CNPOF)in late 2019, as well as a subsequent financing by TerrAscend.

READ FULL CANOPY/TERRASCEND ARTICLE

Dow Sets Record For Single-Day Point Drop, Oil Crashes Up to 30%, TSX Index Plummets Over 10%

It was an even bigger bloodbath on weed street asPot Stockscollapsed in a sea of red. While manyMarijuana Stocksposted double-digit losses on the session, not a single company was able to close the day in the green. To give you a better idea of how bad the trading session was, take a look at the days top 10 cannabis stock decliners.

READ FULL TCI MARKET WATCH ARTICLE

The Financing Will See 7.25 Million Class 2 Common Shares and 11.75 Million Pre-Funded Warrants Issued

Ever been so strapped for cash that you announced a $90.4 million registered offering during the worst financial week in over a decade? Evidently,Tilray (NASDAQ: TLRY)has. The company this morning announced that it will be conducting a financing for up to $90.4 million this morning, which is expected to close March 17, 2020.

READ FULL TILRAY ARTICLE

Cannabis Firms Were Facing a Liquidity Crisis Even Before the Coronavirus Pandemic

TheCanadian Cannabis Stocksweve weeded out have enough cash on hand to sustain their operations for at least six quarters, meaning they could likely withstand a recession caused byCoronavirus.

READ FULL CASH RICH POT STOCKS ARTICLE

There is a Clear-Cut Winner Here, But Growing Pains Should be Expected in the Short Term for All Pot Stocks

The big question is, should investors consider putting their money to work in CanadianPot Stocks, which are operating in the only recreationally legal developed country at the moment, or U.S.Cannabis Stocks, which are operating in the largest weed market in the world by annual sales?

READ FULL U.S. VS CDN POT STOCKS ARTICLE

Hollister Signs LOI to Acquire Legal Medicinal Mushroom and Psilocybin Firm Alphamind Brands

Hollister Biosciences (CSE: HOLL) (OTC: HSTRF) (FRA: HOB)announced this morning the signing ofan LOIto acquire Alphamind Brands, an exciting company operating in the legal medicinal mushroom and psilocybin markets. Alphamind is developing mushroom products and conducting R&D forPsilocybinpharmaceutical applications.

READ FULL HOLLISTER ARTICLE

RWB Also Announced it Closed its Acquisition of Illinois Based Mid-American Growers

Tidal Royalty (CSE: RLTY.U) (OTC: TDRYF)provided an update today on the companys executed business combination agreement with MichiCann Medical o/aRed White & Bloom (RWB).

READ FULL RED WHITE & BLOOM ARTICLE

The Acquisition Will Allow Champignon Brands to Continue Accelerating its Vertical Integration Strategy

Champignon Brands (CSE: SHRM) (FRA: 496)announced the execution of a definitive agreement to acquire British Columbia based craft mushroom cultivator and supplier Artisan Growers Ltd. Champignon also has plans to create the most compelling IP portfolio, clinical pipeline and drug development platform in thePsychedelicssector.

READ FULL CHAMPIGNON BRANDS ARTICLE

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

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