Cannabis Stock News Daily Roundup December 19


Cannabis Benchmarks, a division of New Leaf Data Services and the cannabis industry’s only independent Price Reporting Agency, is initiating coverage of Canadian wholesale flower prices with the Canada Cannabis Spot Index (CCSI). The index represents the average wholesale price that an online or retail location pays for dried cannabis flower from licensed producers under supply agreements with the provinces.

Story continues below

Medical Marijuana (OTC: MJNA) subsidiary Kannaway, which offers cannabidiol hemp botanical products, has been named one of the “10 Key Players to Watch in the Cannabis Industry” by Technology Headlines Magazine. “We are thrilled to be named as one of The Technology Headlines’ 10 Key Players to Watch in the Cannabis Industry,” said Kannaway CEO Blake Schroeder said in a statement.

Digipath (OTCQB: DIGP), a testing laboratory and data firm focused on developing cannabis and hemp markets, has announced its support of Congress’s Farm Bill, which legalizes the production and sale of hemp. The Farm Bill is expected to be signed by the President shortly, and will then take immediate effect. In a recent post reacting to the Senate’s passage of the Farm Bill, Fortune magazine predicted that the U.S. cannabis industry could grow to $20 billion by 2022 from $800 million this year.

OWC Pharmaceutical Research Corp. (OTCQB: OWCP), a developer of cannabinoid-based therapies targeting a variety of different medical conditions and disorders, reported the production of its cannabinoid-enriched sublingual disintegrating tablet, specifically developed as smoking substitute. The “sublingual disintegrating tablet will offer an alternative to smoking and inhalation, allowing for controlled, consistent dosing and diligent compliance to medical regimens and offering quick pain and other symptoms relief as sublingual absorption provides a direct route for cannabis to enter much quicker into the blood system,” OWC Pharmaceutical CEO Mordechai Bignitz said in a press statement.

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the U.S., reports that it is opening its first and flagship dispensary in Florida. The dispensary will operate under iAnthus’ GrowHealthy Florida dispensary brand, with plans to open two more dispensaries before the end of 2018. The company plans to open 16 additional dispensaries in 2019 and a total of 30 dispensaries by the end of 2020.

Global cannabis firm AgraFlora Organics International (CSE: AGRA) (OTCPK: PUFXF) has acquired a 100% stake in London, Ontario-based licensed cannabis producer AAA Heidelberg. As part of the share exchange agreement, AgraFlora has issued 12,216,509 common shares at $0.1667 per share to the AAA Heidelberg shareholders. AAA Heidelberg is currently working with Canopy Growth to initiate the first crop of medical cannabis at the London, Ontario based facility.

An ad to help with our costs