Out of over 200 marijuana stocks, there's 4 that we're going to be watching as the markets open due to breaking news out this morning. Here's 4 cannabis companies to watch today including Aphria Inc. (TSX:APH) (OTC:APHQF) and more.
22nd Century Group, Inc. (NYSE:XXII)
Yesterday morning, Chardan's James McIlree reiterated a 'buy' rating on shares of 22nd Century Group, Inc. alongside a price target representing over 300% upside. Shares were up yesterday on the news, and we expect heavy trading volume to continue as investors and traders digest the report.
Aphria Inc. (TSX:APH) (OTC:APHQF)
Today, Aphria Inc. announced that it has entered into an agreement with Clarus Securities Inc., on behalf of a syndicate of underwriters, in which the syndicate of underwriters have agreed to purchase, on a "bought deal" basis, 11,034,500 common shares of the company at a price of $7.25 CAD per share. For more details, click here.
CV Sciences, Inc. (OTC:CVSI)
This morning, CV Sciences, Inc. (OTC:CVSI) announced that it has repaid and satisfied all obligation under its May 25, 2016 convertible promissory note. The company issued the note on May 25, 2016 in the original principal amount of $2,055,000, which provided the holder of the note with the right to convert the note into shares of CVSI common stock at a price determined based upon the trading price of our stock during the period immediately prior to conversion. Pursuant to the terms of the note, the company had the right, at its option, to repay all outstanding obligations under the note by payment equal to 125% of the amount then outstanding under the note. On October 13, 2017, the company made payment to the holder of the note equal to $340,645. As a result, the note has been satisfied in full.
Supreme Pharmaceuticals Inc. (TSXV:FIRE) (OTC:SPRWF)
Today, Supreme Pharmaceuticals Inc. announced that it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal, private placement basis, $30,000,000 aggregate principal amount of convertible debenture units at a price of $1,000 per convertible debenture unit. Each convertible debenture unit will consist of $1,000 principal amount of 8.0% senior unsecured convertible debentures and 313 common share purchase warrants of the company.
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