Welcome to the Cannabis Countdown. In this week’s rendition, we’ll recap and countdown the top 10 Marijuana Stock News stories for the week of February 10th – 16th, 2020.
Without further ado, let’s get started.
New Psychedelic Firms Are Attracting Global Investor Interest With One Preparing to IPO Soon
Move over Cannabis Stocks, Psychedelics could become the new go-to alternative investment in 2020. The growing trend has caught the attention of some very high profile investors in former Canopy Growth /zigman2/quotes/202205609/delayed CA:WEED -20.80% /zigman2/quotes/200603886/composite CGC -20.03% (fra:11L1) CEO Bruce Linton, Shark Tank’s Kevin O’Leary and a few very large Silicon Valley tech investors.
READ FULL PSYCHEDELICS IPO ARTICLE
IGNITE Beverages Set to Enter Alcohol Business After Revealing New Premium Vodka
Dan Bilzerian’s Ignite International Brands (cse:BILZ) (otcqx:BILZF) (fra:2L0) announced that it’s subsidiary IGNITE Beverages will be adding a second drink to its product line. Joining the previously announced IGNITE Alkaline PH9 Water will be the company’s new Ignite branded premium vodka.
READ FULL IGNITE ARTICLE
These Cannabis Stocks Could Put the “Green” in Green Rush
There are a handful of Pot Stocks that are fully capable of outperforming in a challenging environment. Based on their existing growth trajectory and Wall Street‘s very fluid sales projections, 4 vertically integrated Multi-State Operators (MSO) in the U.S. are the likeliest to hit $1 billion in annual sales on a recurring basis by 2022, or possibly even sooner.
READ FULL CANNABIS SALES ARTICLE
As of the End of January, CannTrust Had A Very Healthy Cash Position of Approximately $167 Million
CannTrust Holdings (fra:C9S) announced it has appointed a new chief executive officer while providing an update on how the company plans to get its Health Canada licence to grow cannabis again.
READ FULL CANNTRUST ARTICLE
Every 8 Hours, OGI’s New Automated Manufacturing Line Produces 60,000 Cannabis-Infused Chocolates
Organigram Holdings’ CA:OGI -0.44% /zigman2/quotes/209289540/lastsale OGI -6.95% (fra:0OG) first line of Cannabis 2.0 edibles set to hit the market will be the company’s cannabis-infused chocolate truffles brand called Edison Bytes. They are round chocolate bites, filled with a creamy chocolate centre infused with THC and Organigram is selling the truffles in two sizes, a one-pack and a two-pack.