HEXO (HEXO) Missed on earnings 12/16/2019, terminated 20% of workforce and suspended cultivation at some facilities. Net revenues declined $0.9 million from the previous quarter despite sales volumes increasing by 5%.
Organigram Holdings Inc. (OGI) has received Health Canada’s approval for the licensing of 16 additional cultivation rooms under the Cannabis Regulations, to be effective as of 12/12/2019.
The vote for recreational cannabis legalization at the state level for the state of New Jersey will be added to the ballot of the 2020 state election. Both houses of state legislature voted to put this question on the ballot this coming election cycle.
In an announcement last week by the province of Ontario, the lottery system to be given permission to open cannabis retailer locations will be eliminated starting 01/01/2020. In addition, the current cap on the number of cannabis retailer locations that is currently in place will also be eliminated.
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