Two powerful catalyst forced cannabis stocks higher in recent days. For one, the House Judiciary Committee just passed The Marijuana Opportunity Reinvestment and Expungement (MORE) Act with a vote of 24 to 10.  Not only could it decriminalize cannabis nationwide, it would require federal courts to wipe out convictions for cannabis offense, and would authorize a 5% tax on cannabis sales going forward. Even more interesting, there are holiday expectations for strong spending on cannabis over Thanksgiving. According to Marijuana Business Daily, cannabis sales increase on Green Wednesday and Black Friday. “Data from Headset reveals that 2018 sales on “Green Wednesday” – the day before Thanksgiving – increased 63% over the average Wednesday.  Jane Technologies – which operates an online marketplace where consumers can shop for cannabis – found that 2018 Black Friday sales were up 62% over the average day,” they report.  “(Thanksgiving) is a holiday that includes family, social, food, celebration, etc. Our highest (sales) holidays – Thanksgiving, New Year’s Eve, Christmas, July 4th – they are all very social.” Those catalysts are opening a wide range of opportunity for companies including The Yield Growth Corp. (CSE:BOSS)(OTC:BOSQF), The Green Organic Dutchman (TO:TGOD)(OTC:TGODF), Canopy Growth Corporation (TO:WEED)(NYSE:CGC), The Supreme Cannabis Company Inc. (TO:FIRE)(OTC:SPRWF), and Neptune Wellness Solutions Inc. (NASDAQ: NEPT)(TSX: NEPT).

The Yield Growth Corp. (CSE:BOSS)(OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that President and CEO, Penny White will speak alongside senior executives from the cannabis industry, as both a speaker and executive-panelist, at the CannaBiz Innovations Hub conference, on December 4th and 5th, 2019 at the Park Plaza London Riverbank in London, England. The CannaBiz Innovation Hub 2019 conference brings together leading cannabis organizations and representatives from consumer-packaged goods and pharmaceutical organizations with the aim of identifying solutions that enable mainstream product innovation and scalability of consumer product lines with cannabis as the key ingredient. With the conference agenda focused on consumers and branding, White will participate alongside chief-level executives from Ananda Developments, Koch & Gsell AG, Jersey Hemp and Hill Street Beverage Company in a panel titled, “Innovation & Collaboration - How to Innovate and Collaborate Successfully in a Highly Regulated and Emerging Industry.”

White will then return to the stage to present a session titled, “Marketing and Branding in a Noisy Regulated Market.” In an increasingly cluttered marketplace, White will share insights into the business and marketing strategies that have allowed Yield Growth’s brands, such as Urban Juve, to differentiate amongst peers. Other speakers at the event include keynote Bruce Linton, the former Chairman of Canopy Growth Corporation and Ingeborg Gasser-Kriss, former Vice President Global Innovation, Mondelez International. For a full agenda and ticket purchase details please see cannabis-innovation.com or email info@cannabis-innovation.com.

Other related cannabis industry developments include:

The Green Organic Dutchman (TO:TGOD)(OTC:TGODF) just announced it has received its inaugural purchase order from the BC Liquor Distribution Branch, further expanding its Canadian distribution footprint. The Company also obtained a licence amendment from Health Canada, allowing it to launch cultivation operations at its flagship Valleyfield hybrid greenhouse. The addition of British Columbia means that TGOD now has the ability to distribute its products to a total of 527 retail locations across five provinces, or 82% of Canada’s current store count. With the number of cannabis stores poised to increase from 639 to over a thousand in 2020, the Company is continuing to strategically develop and nurture solid relationships with provincial boards and retailers, cementing its position as the leading certified organic brand. “TGOD’s high-quality certified organic product and commitment to sustainable cultivation practices resonate with BC consumers. Based on the exceptionally positive feedback we received from our BC medical patients as well as on market research, we believe the province represents an enormous market opportunity for our brand,” commented Brian Athaide, CEO of TGOD. “As we continue ramping up production, we remain focused on expanding our distribution channels and achieving our goal of distributing nationally in Q1 2020.”

Canopy Growth Corporation (TO:WEED)(NYSE:CGC) will officially unveil its new portfolio of Cannabis 2.0 products, including its Distilled Cannabis concept, chocolates, vape cartridges and vape pens at a media launch event in Toronto, Ontario. “With the coming of Cannabis 2.0, our goal is to provide customers with the best quality products, and I truly believe through the hard work and dedication of our team, we have delivered just that,” said Mark Zekulin, CEO, Canopy Growth. “Since our first medical sale in 2014, we’ve been focused on innovation and quality, and now we’re expanding that with the launch of our game-changing recreational beverages, chocolates, and vapes.” After months of preparation and expansion, the Company is gearing up to supply the Canadian market with a variety of innovative cannabis products. In partnership with Hummingbird Chocolate, the Company’s state-of-the-art chocolate factory is now fully operational. On Friday, November 22nd, Canopy Growth received a critical operating and secure storage licence from Health Canada for its 150,000 sq. ft. beverage facility located in Smiths Falls, Ontario. The Company wishes to thank its partner, Constellation Brands, for providing expertise and support in constructing and operating the world-class facility, from building design to equipment selection to staffing requirements. In addition to establishing scaled infrastructure, the development of protectable intellectual property has always been a priority for Canopy Growth. To date, the Company, including through its subsidiaries, holds over 130 patents and has filed more than 330 patent applications.

The Supreme Cannabis Company Inc. (TSX:FIRE)(OTC:SPRWF) announced today that John Griese has joined the Company as Chief Operating Officer. Mr. Griese brings over 30 years of executive consumer packaged goods and global cannabis operations experience to Supreme Cannabis. In his role as COO, Mr. Griese will be responsible for driving continuous improvements across all operating assets and leading supply chain management for Supreme Cannabis’ diverse portfolio of products. Prior to joining Supreme Cannabis, Mr. Griese gained unique operational experience in the cannabis industry as the COO for medical and recreational cannabis companies Cresco Pharma Limited and Bloom Farms in California. As Supreme Cannabis evolves into a cannabis CPG company focused on building leading brands, it benefits from Mr. Griese’ impressive experience in CPG. Mr. Griese has held executive level positions in operations and supply chain with Nestle and Pepsico.

Neptune Wellness Solutions Inc. (NASDAQ: NEPT)(TSX: NEPT) has entered into an amended and restated processing agreement with Canopy Growth Corporation. Canopy and Neptune mutually decided to review the terms of their processing agreement. The parties have agreed to an amended schedule of processing volumes committed to Neptune by Canopy. In addition, the parties agreed to remove certain preferential rights previously granted to Canopy with respect to Neptune’s capacity and pricing. Effective June 30, 2020, volume and pricing will be negotiated between the two parties based on market conditions. The 3-year term of the agreement remains unchanged and expires on June 30, 2022. Canopy continues to be an important customer for Neptune and both parties are looking forward to maintaining and capturing more business opportunities as the market evolves. As a result of the revised terms, Neptune expects to reduce its client concentration risk and diversify its customer base.

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