7 Cannabis Industry Updates Investors Need To Know -

7 Cannabis Industry Updates Investors Need To Know

Sep 27, 2018Jeremy ParkinsonFinance0

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The cannabis sector has been coming off its recent highs and this comes as companies are working tirelessly to be prepared for the Canadian recreational cannabis market.

Today, we have highlighted seven company announcements that we believe investors should be aware of.

7 Important Company Developments to Know

1. HEXO Corp. (HEXO.TO) (HYYDF) traded slightly higher after announcing plans to establish a Eurozone processing, production and distribution center in Greece. The move will provide the company presence in Europe to supply a full suite of brands in France, the United Kingdom, and other European markets once regulations permit. The agreement calls for the development of 350,000 sq. ft. of licensed infrastructure that will be used for manufacturing, processing and distribution of medical cannabis products for the European market.

2. Organigram Holdings Inc. (OGI.V) (OGRMF) edged higher after the Canadian cannabis producer unveiled Trailblazer, the newest addition to their portfolio of products for the recreational cannabis market in Canada. Trailblazer was developed in response to ongoing discussions with Organigram’s jurisdictional and retail partners across Canada and their focus on high value offerings. Earlier this week, Organigram shipped its first order of recreational cannabis to Alberta and has supply agreements or memorandums of understanding with seven provinces including Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Ontario, Alberta, and Manitoba.

3. The Supreme Cannabis Company (FIRE.V) (SPRWF) has been a company to watch and we have been favorable on the continued execution. Yesterday, Supreme announced a $12 million supply agreement with Tilray (TLRY) and the market responded favorably to this. This agreement is a guaranteed commitment to purchase. It will cover the twelve-month period starting October 1, 2018 and we are keeping a close eye on this one.