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In one of the craziest weeks in the history of public markets, cannabis stocks and ETFs delivered mixed performances. Over the last five trading days:
In other news, The Mint Dispensary, Columbia Care Inc. (OTCQX:CCHWF), Curaleaf Holdings Inc. (OTCQX:CURLF), Harvest Health & Recreation Inc. (OTCQX:HRVSF) and Sol Flower started adult-use cannabis sales in Arizona.
Agrify Corp. (NASDAQ:AGFY) debuted on the Nasdaq Capital Market pricing its upsized initial public offering of some 5.4 million of its shares of common stock at $10 per share.
Benzinga Cannabis content is now available in Spanish on El Planteo.
Meanwhile, Michael Thompson — a Michigan man who had been sentenced to up to 90 years in prison for a nonviolent cannabis offense — was freed Thursday after Gov. Whitmer commuted his sentence.
The Horizons Psychedelic Stock Index ETF started trading on Toronto’s NEO exchange under the symbol ‘PSYK.’ PSYK is the first exchange traded fund providing exposure to the burgeoning industry of medicinal psychedelics.
Boxing champion Karim Mayfield opened his new store, Authentic 415, in Portero Hill on Jan. 23. The move underscores the cannabis industry's resilience during the Covid-19 pandemic. It's also a living testament of what San Francisco’s Cannabis Equity Program can help achieve.
“The store is called Authentic 415 because I’m authentically 415, and being authentic means giving back to the city and the people who raised me,” Mayfield says.
Raised in San Francisco’s Fillmore neighborhood, Mayfield overcame a teenage arrest for cannabis to become a Golden Gloves and NABO junior welterweight boxing champion. He would often use cannabis to recover while training. Years later, that same arrest — coupled with his lifelong residence in the city — allowed him to qualify for the equity program.
Aphria Inc. (TSX:APHA) (NASDAQ:APHA) added topical products to its adult-use brand Solei.
Canopy Growth Corp. (TSX:WEED) (NASDAQ:CGC) and Martha Stewart added dog treats to their line of CBD wellness products.
Sunderstorm is launching its Kahna gummies in Nevada and Utah. "So many travelers from other states have enjoyed Kanha gummies while visiting California. It's exciting to offer these consumers a chance to purchase them in their home states,” Keith Cich, president of Sunderstorm, told Benzinga.
The “Let’s Talk Hemp Podcast, Volume Up” with Morris Beegle, is back with Season 4.
“In the first episode, I’ll be joined by co-host Annie Rouse along with industry guests Chad Rosen from Victory Hemp Foods and Morgan Elliott from IND Hemp,” said Beegle. “We’ll be bringing to light the industrial and nutritional grain and fiber side with focus on hemp grain including seed, oil and food for humans and animals and the market opportunities for hemp as a commodity in these areas.”
Cloud Cannabis launched an online recommendation engine platform that helps consumers choose the right product strain based on their preferred taste, effects and potency. Dubbed Cloud Budtender AI it was released through an exclusive partnership with StrainBrain in Michigan.
“Education and customer experience are two of our top priorities at Cloud Cannabis, and Budtender AI will assist us in guiding our customers to the right product that meets their specific needs and wants,” said Cloud Cannabis co-founder John McLeod.
Canna Provisions announced the first harvest of Golden Bough, the launch strain of Wiseacre Farm Cannabis, which is now available at all retail locations in Massachusetts.
“I know how my sun [at Wiseacre Farm Cannabis] and how my soil works and my compost from the animals on my farm. I needed to pull some genetics from [cannabis] that was both strong, and able to finish at the latitude of the Berkshire hills, and I know within [Wiseacre Farm Cannabis] there is the genetic sequence that will thrive and be absolutely incredible here,” said Jon Piasecki, owner of Wiseacre Farm Cannabis.
The French National Agency for the Safety of Medicines and Health Products (ANSM) selected several companies to supply medical cannabis products for experimentation in France. Among the companies were Panaxia Labs Israel Ltd. and Neuraxpharm, as well as Tilray Inc. (NASDAQ:TLRY).
Curaleaf Holdings Inc. (CSE:CURA) (OTCQX:CURLF) will open its first dispensary in Pennsylvania, at 7040 Jonestown Road in Harrisburg.
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Lead image by Ilona Szentivanyi. Copyright: Benzinga.
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