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Cannabis

  • Business
    Bloomberg

    First Crypto and Cannabis. Now Psychedelics

    (Bloomberg) -- Jonathan Bixby and Mike Edwards, the duo that’s taken public companies involved in cryptocurrencies, e-sports and cannabis, are back with a fourth London listing in eight months. This time, it’s psychedelics.Clarify Pharma invests in biotech and life-sciences companies seeking to prove the safety and efficacy of psychedelic-based substances. It raised 1.96 million pounds ($2.3 million) on the Aquis Stock Exchange, a small U.K. bourse. The stock opened at 2.77 pence, up 11% from th

  • Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth
    Business
    The Canadian Press

    Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth

    TORONTO — Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million. Supreme says 81.05 per cent of the votes cast were in favour of the deal. The sale needed at least a two-thirds majority vote to be approved. Under the deal, Supreme shareholders will receive 0.01165872 of a Canopy common share and 0.01 of a cent in cash for each Supreme share held. When Canopy announced it was buying Supreme in April, it had already garnered support fr

  • News
    The Canadian Press

    Medical marijuana law changes get through Pennsylvania House

    HARRISBURG, Pa. (AP) — The state House on Monday approved a set of revisions to Pennsylvania's medical marijuana law, seeking to make permanent some of the changes put in place temporarily because of the coronavirus pandemic. Representatives voted 164 to 38 for the bill, which would permit dispensing a three-month supply at a time, up from one month's supply. Patients will be able to continue to pick up their medicine outside a dispensary, rather than coming inside the building. State Health Dep