Cannabis Stock News Daily Roundup February 8


North American Cannabis Holdings (USOTC: USMJ) has launched an online store selling CBD products and other cannabis essentials. USMJ and the Miss USMJ Team plan to launch a series of pop-up cannabis community events as part of the strategy to brand the online shop.

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Montreal-based Cannara Biotech (OTCMKTS:CNBTF), which is building a vertically-integrated cannabis company focused on cultivation and cannabis-infused products, has entered into a letter of intent with a Quebec microbrewery to develop cannabinoid-infused beverages. Cannabinoid-infused beverage sales are forecasted to reach $260 million for North America by 2022, according to Canaccord Genuity.

GrowGeneration Corp. (OTCQX: GRWG), a specialty retail hydroponic and organic gardening chain of stores selling to both the commercial and home cannabis markets, said that it has acquired the assets of Palm Springs Hydroponics. The company did not disclose financial terms.

As a part of its expansion plans, Premier Health Group (CSE: PHGI) (OTCQB: PHGRF) is entering the cannabis clinic space, the company said Feb. 7. The recent acquisition of Cloud Practice will help Premier to fill “a critical gap between the patient’s need for medical cannabis and the doctor’s knowledge and comfort level in prescribing it.”

Canopy Growth Corp. (TSX: WEED) (NYSE: CGC) plans to boost its investment in Canopy Rivers (OTCMKTS:CNPOF) by C$30 million. Canopy will increase its ownership of Canopy Rivers’ issued and outstanding shares from around 26.5% to around 27.3%. Canopy Rivers is engaged in making investments in the cannabis market worldwide.

Ecomedics S.A.S., a vertically-integrated Colombian licensed producer of pharmaceutical-grade medical cannabis, has become the first Colombian firm to export cannabis into Canada. Health Canada, Canada’s government agency responsible for national public health and oversight of the medical cannabis industry, issued six authorizations to Clever Leaves on January 16 to import dry cannabis flower for scientific purposes.

GGB Beauty LLC, a subsidiary of Green Growth Brands (CSE: GGB) (OTCQB: GGBXF) has struck a licensing agreement with Authentic Brands Group and the Greg Norman brand. The agreement is to develop a line of cannabidiol (CBD) infused personal care products designed for active adult men and women. As part of the arrangement, GGB Beauty will be working with Tilray (NASDAQ: TLRY) as the preferred supplier of the CBD ingredients.

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