Auxly Gets Big Boost
On July 25, Auxly Cannabis (CBWTF) made a major announcement. The company announced that it had managed to secure an investment of $123 million from tobacco giant Imperial Brands PLC. The investment has been made in the form of the convertible debenture and it will help the company in expanding its operations considerably in the near future.
OrganiGram's Earnings
OrganiGram Holdings (OGI) announced its earnings for Q2 2019 in July and the stock jumped after the company managed to perform well in the quarter. The gross revenue in the quarter stood at $30.4 million CAD, while the net revenue came in at $24.7 million. The net revenue was considerably higher than the $3.4 million CAD it had generated in the prior-year period. The losses for the quarter was $10.8 million CAD, which translated to a loss of $0.07 CAD per share.
Cannabis Stock Market Summary
July 2019