As a means to avoid legal challenges in the US, another Canadian based but US-focused cannabis operator began trading its common stock on the Canadian Securities Exchange on Wednesday (March 14).

Cannex Capital Holdings (CSE:CNNX) is a cannabis operator focused on the US market. The company’s most valuable asset is a Washington State producer, through agreements with Superior Gardens, operating as Northwest Cannabis Solutions.

“A CSE listing will allow us to build a strong public shareholder base and more effectively pursue a number of near-term significant growth opportunities,” Anthony Dutton, CEO of Cannex Holdings said in the statement.

On its first day of trading on the CSE, Cannex’s share price closed at $1.34. According to the exchange, the total number of outstanding shares does not include 96,521,733 “Class A” convertible restricted voting shares.

According to numbers from 502 Data, Northwest Cannabis Solutions saw $2,586,680 in sales during January, earning the top processor spot by an $848,527 margin, compared to the second highest company Smokey Point Productions.

Beacon Securities analyst Vahan Ajamian told Bloomberg Cannex has the “highest trailing revenue” of any US focused cannabis companies in the public market. He also revealed the company raised $48 million as part of a financing deal.

US operations in the cannabis space come with risks in the public market

Companies operating in the US raising capital in Canada have faced questions on the risk involved in investing in a market that in a federal sense remains illegal.

“I think there is more opportunity for the CSE-listed companies than people sometimes give them credit for,” John Medland, partner with Blair Franklin Capital Partners, said during a panel at the Lift Cannabis Expo in Vancouver earlier this year.

Medland later told INN he doesn’t see expect the worst case scenario to become true in the US cannabis market. He said the opportunities are too big for the law to shut down the legalization path for marijuana.

“The Canadian public markets offer access to a lot of capital, with a lot of certainty and a lot of speed, and there is this appetite among global investors to invest in a U.S. play,” MedMen CEO and co-founder Adam Bierman told CNBC.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

US Election 2020 and Cannabis

Investing in cannabis? Read what experts have to say about cannabis and the US Election!

MustGrow Biologics Corp. (CSE: MGRO) (OTCQB: MGROF) (FSE: 0C0) (the “Company”, “MustGrow”) is pleased to announce its upcoming investor awareness initiatives. MustGrow continues to actively engage its key stakeholders – potential industry partners, shareholders and prospective investors – by increasing awareness of its remarkable natural mustard-derived crop protection products.

TODAY: The Future of Food Investment Conference – SnowCap Ventures
Tuesday, Nov. 24th at 1:50 pm ET
Investors Register Here

Keep reading... Show less

Better Plant Sciences Inc. (CSE: PLNT) (OTCQB: VEGGF) (FSE: YG3) (“Better Plant”) or (the “Company”) is pleased to announce the launch of a customer rewards program called “Insider Rewards” for its Urban Juve skin care line.

Cannot view this image? Visit:

Keep reading... Show less

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

To join the Aurora class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email or for information on the class action.

Keep reading... Show less

Trading resumes in:

Company: 4Front Ventures Corp.

Keep reading... Show less


  4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (” 4Front ” or the ” Company “) is pleased to announce that it has completed its previously announced bought deal prospectus offering (the ” Offering “) of units of the Company (” Units “), for aggregate gross proceeds of C$17,251,150 including full exercise of the over-allotment option granted to the underwriters in connection therewith.

Keep reading... Show less