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Cannabis Stock News Daily Roundup May 3


CannTrust Holdings (TSX: TRST) (NYSE: CTST) announced the pricing of its underwritten public offering of 36,363,636 common shares at US$5.50 per share. The company is selling 30,909,091 common shares for total proceeds of around US$170 million before deducting underwriting discounts and commissions and estimated offering expenses.

Alternate Health (CSE: AHG) (OTCQB: AHGIFis entering the CBD-infused product market following an agreement to acquire Blaine Labs, a manufacturer and distributor of FDA-approved and cGMP-certified dermatological products.

Curaleaf (OTC: CURLF) (CSE: CURAunveiled its new Arizona initiative with the Veterans Cannabis Project (VCP), an organization which advocates for legal and supported access of medical cannabis for veterans through the Department of Veterans Affairs. The company says that patients at its five Arizona locations can now buy a custom-designed “Veterans Cannabis Project” pre-roll product, with a portion of all proceeds benefiting the VCP.

MYM Nutraceuticals (CSE: MYM) (CSE: MYM.CN) (OTCBB: MYMMF) has acquired a 50% stake in BioHemp Naturals, a licensed hemp cultivator in the business of cultivating and distributing CBD-rich hemp biomass to licensed producers in Canada. BioHemp co-founder, Len Atkinson, will join the MYM management team as global hemp project manager.

CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) has closed the acquisition of Cub City LLC, a licensed premium craft cannabis producer based in Sonoma County, California. The company paid US$5.3 million to acquire the cannabis producer.

Cannvas MedTech (CSE: MTEC) (Frankfurt: 3CM) (OTCPK: CANVFhas engaged Catapult Growth Partners, a North American-based consultancy firm focused on helping businesses accelerate profitable growth and increase equity value. Cannvas will work with Catapult to help accelerate profitable growth through a review of the company’s strategic development and support for practical execution, according to a press statement.

CROP Infrastructure (CSE: CROP) (CSE: CROP.CN) (OTC: CRXPF) (Frankfurt: 2FR) announced that its first Oklahoma farm’s tenant, Hempire Oklahoma has been issued medical cannabis cultivation and processing licenses at its 1 acre location in Purcell, Oklahoma where the company will focus on high-grade flower and extraction. This is a separate location to the company’s 20-acre property that is currently being readied for tenant planting for the 2019 season.

Canopy Growth (TSX: WEED) (NYSE: CGC) has acquired German-based, Bionorica SE-founded C3 Cannabinoid Compound Co. The all cash-acquisition for €225.9 million (CDN $342.9 million) furthers the company’s expansion into European markets with prescription medicines, Canopy said in a statement.

SLANG Worldwide (CNSX: SLNG) (Frankfurt: 84S) announced the establishment of its new wellness-focused business division SLANG Health and Wellness. The new business unit will develop and market a portfolio of plant-based cannabidiol products that will be distributed in partnership with Greenlane Holdings (NASDAQ: GNLN) through their extensive distribution network.

Koios Beverage (CSE: KBEV) (OTC: KBEVF) announced that it is currently working with Ball Corp. (NYSE: BLL) to produce 1,000,000 printed KOIOS cans as production levels ramp up to meet current demands.

Fire & Flower Holdings (TSXV: FAFhas entered into a definitive agreement to acquire certain assets of Prairie Sky Cannabis, which currently operates four licensed retail cannabis shops in the province of Saskatchewan in the communities of Battleford, Estevan, Martensville and Moosomin, Saskatchewan under the name Jimmy’s Cannabis Shop.

CannaOne Technologies (CSE: CNNA) (FSE: 3CTannounced that Mr. Rob Goehring has been appointed as a board member. Mr. Goehring has more than 20 years experience leading and managing early-stage, high-growth technology companies.

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