Acreage Holdings (ACRGF) Skyrockets as It Penetrates U.S. Market

canadian cannabis stock

Acreage Holdings is expanding outside of Canada. The firm is building a base in New Jersey as lawmakers edge closer to approving a marijuana legalization bill. Acreage stock price is showing signs of a bottom. The Canadian cannabis market experienced a downturn over the last few months as the local government failed to open up … Read more

Canadian Investment Giant’s PG&E Stake Plummets amid California Wildfires

California wildfires

The paper loss in PG&E amounts to millions of dollars A wealth manager picked a bottom that wasn’t. California’s wildfires could create even more havoc for the energy utility’s stock. The damage caused by California’s wildfires is now being felt beyond the United States. Canada’s state-owned wealth manager, Alberta Investment Management Corporation (AIMC), has lost … Read more

Cannabis Stock Whacked for 27 Percent Drop as Bubble Finally Bursts

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For investors in cannabis stocks who believe that we are now in the Wild West where anything goes thanks to legalization, they should think again. That’s especially true for investors in Canadian cannabis stocks. Canadian Cannabis Cops Clock Company Compliance Health Canada has slapped CannTrust Holdings with a notice of non-compliance, which has resulted in … Read more

Blockchain Firm’s Canadian Pharmacy Deal Puts Cannabis Stocks in Play

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By CCN.com: Canada’s largest chain of pharmacies announced a big partnership at the World Cannabis Congress on Monday. Shoppers Drug Mart will be working with TruTrace Technologies (until recently known as BlockStrain) to bring blockchain-based verification to the medicinal marijuana market. If successful, it could help power cannabis stocks higher as more doctors become comfortable … Read more

Crypto Payments: Canada and Singapore Central Banks Send Each Other Digital Currencies

By CCN.com: The Bank of Canada and the Monetary Authority of Singapore (MAS) has conducted a successful pilot test of central bank-backed crypto assets to clear cross-border and cross-currency payments. The official statement of MAS released on May 2 described the potential of “central bank digital currencies” in increasing the efficiency and reducing risks for … Read more

Canadian Crypto Exchange Coinsquare Acquires Stellar Wallet BlockEQ

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Coinsquare, the crypto exchange that has been nicknamed the “Coinbase of Canada,” has acquired Stellar wallet BlockEQ as it seeks to expand its offerings beyond cryptocurrency trading. The Toronto-based Coinsquare announced the deal on Thursday, revealing that it had paid $12 million CAD (~$9 million USD) to acquire BlockEQ, a non-custodial wallet that allows crypto … Read more

Singapore, Canadian Central Banks Unite on Blockchain Cross-Border Payments

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Singapore’s central bank has announced a slew of initiatives during the ongoing FinTech Festival, including a notable partnership with the Bank of Canada on cross-border payments using blockchain. On the second day of the week-long Singapore FinTech Festival today, Ravi Menon, director of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, … Read more