Cannabis stocks regained some ground last week, but many industry stocks remain range-bound moving into the latter part of the first quarter. On the regulatory side, Alaska became the third state to enact legislation that legalizes the use of recreational cannabis, while an increasing number of states are considering similar laws.
Company Highlights
1) Peak Pharma Reports Initial Canna-Pet Revenue with 72.7% Gross Margin - Peak Pharmaceuticals Inc. (OTC: PKPH) reported its fourth quarter financial results that included initial revenue from its Canna-Pet licensing agreement.
2) Heliospectra Adds Plant Expert to Leadership Team - Heliospectra AB (OTC: HLSPY) added Dr. Sue Sisley as Director of Medicinal Plant Research given her ground-floor knowledge and connections within the cannabis industry.
3) Chuma Lays Out Vision for Cannabis Certification Program - Chuma Holdings Inc. (OTC: CHUM) released a new corporate video highlighting its plans to develop and implement an innovative certification process for cannabis products.
4) Mettrum Inks Deal with Hempola Marking Entry into Foods - Mettrum Health Corp. (OTC: MQTRF) entered into a term sheet to purchase Hempola marking its entry into the hemp cannabis-based foods industry.
5) InMed Pharma Raises Capital to Finance Growth - InMed Pharmaceuticals Inc. (OTC: IMLFF) announced that it raised C$1,050,000 in capital via a private placement to support its various clinical programs targeting serious diseases.
6) Peak Pharma Looks to Scale Canna-Pet Production - Peak Pharmaceuticals Inc. (OTC: PKPH) announced that it entered into an agreement with a contract manufacturing firm capable of helping it scale production.
Industry Highlights
1) Alaska Adult-Use Marijuana Legalization Goes Live - Alaska has finally enacted its already-passed legislation to legalize the use of recreational marijuana, making it the third state to do so after Colorado and Washington State.
2) Viridian Capital Releases New Cannabis Industry Report - Viridian Capital published a detailed (free) report covering cannabis industry and measuring the performance of various sub-sectors within the larger whole.
Exclusive Interview
CannabisFN’s Mike Elliott recently sat down with Heliospectra AB’s General Manager of Operations for North America Chris Walker to discuss the company’s innovative LED lighting solutions and their applications within the cannabis industry.
Visit CannabisFN to watch the interview:http://www.cannabisfn.com/mdc/heliospectra-ab/
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