The exodus of listed cannabis companies from the public markets, particularly in the UK, is continuing at pace as yet another medical cannabis operator has announced plans to delist.
Cel AI [stock_market_widget type=”chart” template=”line” assets=”CLAI.L” range=”1mo” interval=”1d” price_field=”close” border_width=”3″ tension=”0.5″ line_color=”#5679FF” range_selector=”true” axes=”true” cursor=”true” api=”yahoo-finance”] Cel AI, formely Cellular Goods, has published its interim results as it continues to shift its focus away from its struggling cannabis operations and towards new technologies.
IM Cannabis [stock_market_widget type=”chart” template=”line” assets=”IMCC” range=”1mo” interval=”1d” price_field=”close” border_width=”3″ tension=”0.5″ line_color=”#5679FF” range_selector=”true” axes=”true” cursor=”true” api=”yahoo-finance”] IM Cannabis has seen its share price skyrocket by over 65% this week, despite reporting a 10% decline in revenues and over $10m in net losses in 2023.
Germany’s passage of CanG continues to drive up stock prices Yesterday, the President of Bundesrat, Manuela Schwesig, signed Germany’s landmark CanG bill, meaning it is now all but certain to be brought into law on April 01.
IM Cannabis IM Cannabis has become the latest major Israeli cannabis company to announce potential plans to depart the industry altogether and sell off its remaining assets.
Israeli Cannabis Industry A number of Israel’s leading cannabis companies have issued updates regarding the rapidly evolving situation in the country, which declared war with Hamas last week.
IM Cannabis [stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”IMCC” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”] International medical cannabis operator IM Cannabis has now received its second warning from NASDAQ regarding its share price, months after pushing through a share price consolidation to remain on the exchange.
Chill Brands Group [stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”CHLL.L” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”] Chill Brands’ stock value has nearly doubled over the last week following the announcement of a new sales and distribution partnership in the UK.
Akanda Akanda has become the latest NASDAQ-listed cannabis company to enact a stock consolidation in order to avoid delisting from the stock exchange.
