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Cannabis Stock News Daily Roundup August 27

ME Staff

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUFreported its financial results for the fiscal second quarter ended June 30. Revenue for the quarter was $19.20 million, up from $256,000 for the same period of last year. The company posted a loss of $9.29 million, or $0.06 loss per share, versus a loss of $35.44 million, or $0.61 loss per share, for the comparable quarter of 2018.

In its latest corporate update, CannaOne Technologies (CSE: CNNA) (OTC: CNONF) reported that, following three years of in-house development, it has now completed the development of its signature versatile customizable e-commerce software suite called BloomKit. The launch has provided CannaOne an advantage in the deployment of a cannabis-focused online marketplace. Further, the company launched its first CBD focused online marketplace called TheBWellMarket.com in the U.S.

BEYOND / HELLO, a premier retail chain owned by Jushi Holdings (NEO: JUSH.B) (OTC: JSHHF), has received approval from the Pennsylvania Department of Health to begin serving patients from its second Philadelphia location. The new location will offer a wide array of medical marijuana products, including dry leaf, oils and oil cartridges, concentrates, pills, capsules, tinctures, topicals and various ancillary products.

Medical Marijuana (OTC: MJNA)subsidiary HempMeds has released its Hemp for Pets pet cannabidiol (CBD) product line in celebration of National Dog Day. Hemp for Pets by HempMeds is designed to help improve the lives of all pets, from nose to tail.

Khrysos Industries, a subsidiary of Youngevity International (NASDAQ: YGYI), has leased 82,000 square feet in Orlando, Fla., to house its post-processing hemp-derived products and finished goods manufacturing facility. The single-use building was the former home of Nephron Pharmaceuticals GMP Certified sterile manufacturing operations. The facility features a 46,200 sq. ft. production area that includes 5,200 sq. ft. of class C7 sterile capable workspace.

Freehold Properties, a newly-formed real estate investment company focused on specialized agricultural, industrial, and cannabis properties, has agreed to acquire six buildings from Curaleaf Holdings (CSE: CURA) (OTCQX: CURLF) for around $28.3 million. The deal, which is comprised of roughly $25.5 million in cash and roughly $2.8 million of Freehold common stock, is expected to close by the end of August 2019.

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