GNLN launches a new line of organic roll papers
Welcome back to our weekly series, Schaeffer’s Cannabis Stock News UpdateHere we round up what happened in the world of marijuana stocks last week and look ahead to how the cannabis industry will develop in 2021.
Investor interest in the cannabis industry is growing at an explosive rate, and leading players continue to break legal barriers after legal barriers, particularly in the US. By the end of 2020, more than 40 US states had legalized recreational and / or medical marijuana. Now, more and more companies are seeing the possibility of growing, marketing, distributing, and technology cannabis.
On March 22, a senior New York senator said the lawmaker and governor had successfully resolved an open problem in the negotiations to legalize marijuana in New York related to driving disorder. This creates the conditions for a formal introduction of a new invoice within a few days.
Here’s a quick recap of this week’s top cannabis stock news:
Akerna (NASDAQ: CORE), Developer of the cannabis industry’s first ERP software technology (MJ Platform®) to be offered for sale, reported The March 22 unaudited financial result for the quarter ended December 31 was $ 4.1 million, up 24% from the prior year. Reported total revenue was $ 4.1 million, up 24% from the prior year.
GrowGeneration Corp. (NASDAQ: GRWG) Approved The eighth acquisition in 2021 was the purchase of the agricultural wholesale platform Argon.io. The platform developed by Argon.io offers greenhouses, controlled environmental systems, HVAC and industrial cannabis equipment. According to the CEO of GrowGeneration, “the Agron.io platform is a strategic and exciting addition to our portfolio and has a highly skilled team of customer service professionals trained to help farmers tackle the complexities of planning, growing and maintaining a to help commercial agricultural plant. ” He continued, “By working with GrowGen, we can reach even more commercial growers with improved services, competitive prices and drop-off shipping from the closest GrowGen distribution center.”
22nd Century Group, Inc. (NYSE: XXII)Xavier Becerra, a leading plant-based biotechnology company focused on tobacco damage reduction, very low-nicotine tobacco and cannabis research, congratulated the new Secretary of the US Department of Health (HHS) on March 19.
Greenlane Holdings Inc. (NASDAQ: GNLN)invited VIBES Fine Rolling Papers in a joint venture with Berner, brought to life a new brand of organic hemp paper and cones. The launch includes papers made from 100% organic hemp fibers, available in three different sizes. According to the CEO of Greenlane “Greenlane is proud to be producing new and innovative products for VIBES together with Berner. Discerning connoisseurs who demand nothing less than the best quality are particularly in demand when developing products like the VIBES Organic Hemp Line. “