Poseidon Investment Management will venture into the New York cannabis market via its investment in PCA (Platform Cannabis Advisors), reported MorningStar.
Aurora Cannabis shares have gained nearly 150% over the past month as cannabis stocks continue to rally on a slate of positive developments in the sector. Earlier this month, Germany legalized cannabis and investors are hopeful that the DEA is leaning toward rescheduling marijuana in the U.S. On Monday, the Florida Supreme Court ruled to allow an initiative on the state's ballot in November which would legalize adult-use cannabis if approved by 60% of voters.
SNDL shares are pulling back Thursday after the stock gained 22.6% Wednesday. The cannabis sector has rallied recently amid legalization in Germany and renewed optimism around the possible rescheduling of marijuana in the United States.
Tilray shares are up nearly 75% over the last month. The stock has surged alongside several other cannabis stocks amid recent legalization in Germany and increased optimism surrounding potential rescheduling in the U.S.
Canadian clinical-stage biotech company Algernon Pharmaceuticals (OTCQB:AGNPF) announced its plans to move forward with an intravenous (IV) formulation…
Following the pivotal decision by the Florida Supreme Court, senior analyst Pablo Zuanic of Zuanic & Associates released a comprehensive report outlining the potent