The Business Of Weed – September 21st, 2018

This week in the world of weed…

The Business of Weed is a weekly series brought to you by Jay Rosenthal, the Co-founder and President of Business of Cannabis, to keep you up to date on all weed-related news. Here are this week’s biggest headlines.

business-of-weed

Canna-Coke and a Smile?

The cannabis world collided with the real world this week as rumours spread about Canadian cannabis giant Aurora signing a deal with Coca Cola. Both companies had to issue releases stating the “news” was not exactly real, but it was too late – the excitement drove Aurora and Coke shares higher on the markets. If real, it will certainly give new meaning to grabbing a canna-Coke.

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Tilray’s Wild Ride

Nanaimo, BC-based Tilray has become a darling of Wall Street. They went public Trading on the NASDAQ stock exchange earlier in the summer and have been an incredible stock market run since. But this week, it went wild. The stock was halted 5 times by NASDAQ in one day because of volatility and is now sitting at over $200 a share – after having launched at $17 share.

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A 9 to 4:20 Job

Cannabis company AHLOT – which stands for A Higher Level of Thought – is hiring five very special people: cannabis connoisseurs to test product from around Canada and help curate their curated collections. The job pays $50/hour – seriously. So, if you think you have what it takes, they are taking applications now. We guess 9-5 has turned in to 9 to 4:20.