Late last month, NASDAQ-listed cannabis operator Flora Growth, which once operated one of Colombia’s largest outdoor cultivation facilities, became the latest to exit the cannabis industry, rebranding as an AI-focused digital asset firm ZeroStack Corp.
Oxford Cannabinoid Technologies [stock_market_widget type=”chart” template=”line” assets=”OCTP.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”] Oxford Cannabinoid Technologies (OCT) has announced plans to launch a Phase 1 clinical trial into a second compound after partnering with Australian contract research organisation (CRO) iNGENū.
Ananda Developments [stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”ANA.AQ” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”] Aquis-listed pharmaceutical cannabis company Ananda Developments welcomed two new scientific advisors ‘to assist the company in developing its in-house capabilities and pipeline of clinical trials’ this week.
Yooma Wellness, a Canadian multi-brand CBD and wellness company, has officially filed for bankruptcy.
Cantourage [stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”HIGH.DE” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”] Cantourage Group reported its Q3 financial figures this week, celebrating ‘significant revenue growth’ so far in 2023, but slipped back into the red after reporting a positive EBITDA in its interim results in July.
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.
Cantourage [stock_market_widget type=”chart” template=”basic” color=”#5679FF” assets=”HIGH.F” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” display_currency_symbol=”true” api=”yf”] This week Cantourage UK, a subsidiary of the German-listed cannabis distribution group, signed a supply agreement which will give residents of Gibraltar greater access to medical cannabis.
Love Hemp British CBD firm Love Hemp, which collapsed into administration earlier this year, is reportedly pushing to be relisted on the stock market later this year.
Stenocare This week the Danish medical cannabis company unveiled its unaudited Q4 and full year results, seeing sales more than double while losses remained flat.
