Venture Market News for the week of August 27, 2018
It appears that the rising-tide-lifts-all-boats momentum from Constellation Brands’ (NYSE: STZ) plan to invest another $4 billion into Canopy Growth (NYSE: CGC) may continue this week, with multiple cannabis listings, including Aurora Cannabis (OTCQX: ACBFF), Aphria Inc (OTCQB: APHQF) and Cannabis Strategic Ventures (PINK: NUGS), looking to add to last week’s gains.
A notable exception may be CV Sciences, Inc. (OTCQB: CVSI), which has been on a two month run since announcing its intent to uplist to the Nasdaq Market, but recent headwinds include potential securities class action suits.
- Scythian Biosciences Closes Acquisition of MMJ Colombia Partners
TORONTO, Aug. 27, 2018 (GLOBE NEWSWIRE) — Scythian Biosciences Corp. (the “Company” or “Scythian”) (CSE:SCYB) (Frankfurt:9SB) (OTC – Nasdaq Intl: SCCYF) has completed its acquisition of MMJ Colombia Partners Inc. (“MMJ Colombia”), a privately-held Ontario company that owns 90% of Colcanna SAS, a company that cultivates, imports, extracts and produces Tetrahydrocannabinol (“THC”) and cannabidiol (“CBD”) in Colombia (the “Acquisition”).
- OTC Markets Group Welcomes Hugoton Royalty Trust to OTCQX
NEW YORK, Aug. 27, 2018 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Hugoton Royalty Trust (OTCQX: HGTXU), an express trust created under the laws of Texas pursuant to the Hugoton Royalty Trust Royalty Trust Indenture, has qualified to trade on the OTCQX® Best Market. Hugoton Royalty Trust previously traded on the New York Stock Exchange.
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