The company applied to trade on NASDAQ earlier this year but was rejected.
Social network MassRoots, defaulted on almost $1 million in debt payments and laid off about 40% of its staff, according to SEC filings. This week Chairman and CEO Isaac Dietrich, wrote an upbeat letter to shareholders that did not reference either setback. The company has raised more than $5 million.
Stock in GW Pharmaceuticals soared after the U.K. company announced more promising late stage data for its CBD childhood epilepsy drug Epidiolex.
Facebook can’t make up its mind about cannabis.
Living next to an indoor grow can be a real drag. “They don’t care about the communities that they’re in, they don’t care what their building looks like, they don’t care what the community smells like, because they never are planning to bring their clients into these communities to do business,” Denver activist Candi CdeBaca said.
A second Maryland company that was denied a MED license is joining a lawsuit against the state. The process is under scrutiny for successful applicants’ lack of racial diversity.
The SEC suspended a penny stock offering from company Med-X. In February, New Cannabis Ventures called the opportunity a “very bad idea” for investors. California company Terra Tech appears to have permanently reversed an aspect of its stock structure that New Cannabis Ventures warned could dilute the holdings of common shareholders.
Alan Brochstein, the stock analyst who founded New Cannabis Ventures, offers a few thoughts on how to invest in cannabis.