Advertisement
Global  

“News neutrality by unbiased coverage”
One News Page
> >

Daily CryptoCann Report: Crypto conference draws thousands; Canadian cannabis rivals merge

Proactive Investors Monday, 14 May 2018
It was a mixed Monday for the top five cryptocurrencies. Ripple (XRP-USD) was the top gainer of the day, jumping less than a percent to US$0.73. Ethereum (ETH-USD) was at US$733.09 while Bitcoin (BTC-USD) was at US$8,745.90, both up less than a percent. EOS (EOS-USD) was a top decliner of the day, falling nearly 4% to US$14.05 with Bitcoin Cash in second place, falling more 1% to US$1,456.70. The New York Hilton Midtown is hosting CoinDesk’s Consensus 2018, a three-day conference on Bitcoin and blockchain technology. The bitcoin conference is expected to draw about 8,500 attendees with ticket prices around $2,000. There will be similar events around the city as part of Blockchain Week NYC, an event run in part by the New York Economic Development Corporation. TimeFireVR Inc (OTCQB:TFVR), an investment company with a focus on blockchain and cryptocurrency technologies, recently updated its shareholders on its Bitcoin mining operation. The Arizona-based company had 20 Bitcoin mining units installed at Colocation Guard, a data-hosting company in Brooklyn. After successful mining results, the company will invest in additional units that will enable it to mine Ethereum, Ethereum Classic, Monero, ZCash and Ubiq. It was a positive start to the week for the North American Marijuana Index, comprised of the leading cannabis stocks in the U.S. and Canada, which was up more than 2%. Aurora Cannabis Inc (OTCQX:ACBFF) will buy rival company MedReleaf Corp (OTCMKTS:MEDFF) for US$2.51 billion, just two months before recreational marijuana use is expected to be legalized in Canada. Combined, the companies will operate nine facilities in Canada and two in Denmark and expect to produce over 570,000 kg per year of cannabis. Shares of Aurora Cannabis were down nearly 2% to US$6.19 while shares of MedReleaf were up more than 2% to US$19.93. Canopy Growth Corporation (OTCMKTS:TWMJF) announced that it will apply to list its shares on the New York Stock Exchange. The Ontario-based cannabis company already trades on the TSX on the ticker symbol “WEED”. The company partnered with Snoop Dogg before the federal government cracked down on celebrity endorsements of cannabis products. Shares of the company were up nearly 8% to US$25.55.
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: KTXL - < > Embed
News video: Cannabis Cup in California Draws Big Names, Droves of Pot Enthusiasts

▶ Cannabis Cup in California Draws Big Names, Droves of Pot Enthusiasts 01:34

Event organizers say the 2018 Cannabis Cup at Cal Expo is the first, state-licensed recreational cannabis event in the country.

Recent related news

CryptoCann™ Report: Crypto investor sues AT&T for US$224mln over loss; Tidal Royalty inks deal with Illinois Cannabis Company

The CryptoCann™ Report is where we focus on trending news in the cryptocurrency and cannabis spaces. 
Proactive Investors - Business

CryptoCann™ Report: Square CEO Jack Dorsey sees Bitcoin’s future as the internet’s single currency; Wall Street gets high on Tillray

The Crypto Report With cryptocurrencies in free-fall Tuesday, those looking for bargains can now buy Bitcoin anywhere, anytime, in all 50 states. Square Inc...
Proactive Investors - Business

Cannabis stocks in Canada recover after a whirlwind week; Canopy Growth up 8.6% on Friday

Canadian cannabis stocks had a roller-coaster week, this week with extreme highs and lows but ended generally on a positive note.  The biggest news this week...
Proactive Investors - Business

Officials OK license for Fairbanks marijuana testing site

FAIRBANKS, Alaska (AP) — The Alaska marijuana control board has approved the license for the first cannabis testing facility in Interior Alaska, expected to...
Seattle Times - World

You Might Like


Tweets about this


Other recent news in Business

KERALA flood: NGOs step in to help victimsNIGEL FARAGE vows to end Brexit 'sell-out'
UAE businessman donates Dh2.6m for KERALA FLOOD reliefThe founder of a beloved productivity app thinks Hollywood has a better blueprint for innovation than Silicon Valley —and he's taking his cues from NETFLIX to fix it (NFLX)

Recent related videos

Corona Brewer Adds Cannabis to Its Booze Business in $4 Billion Deal [Video]Corona Brewer Adds Cannabis to Its Booze Business in $4 Billion Deal

Cannabis represents a fourth pillar of Constellation Brands' beer, wine, and spirits strategy, says the CEO Rob Sands. The company, which makes Corona beer, Svedka vodka, and Robert Mondavi wine..

Cheddar Inc. -

Legal pot use in Ontario to be limited to private residences [Video]Legal pot use in Ontario to be limited to private residences

Ontario says it will begin selling recreational cannabis online on Oct. 17, with private retail stores supplying pot from April 1, 2019. The province says consumers will only be allowed to use..

Canadian Press - Affiliate -

A push in Lebanon to legalise cultivation of medical cannabis [Video]A push in Lebanon to legalise cultivation of medical cannabis

According to the UN, Lebanon is one of the largest producers and exporters of cannabis and now the government wants to stop destroying the crop and cash in on the lucrative market.

Al Jazeera STUDIO -

California's Exploding Cannabis Industry Has a Surprising Problem With Cash [Video]California's Exploding Cannabis Industry Has a Surprising Problem With Cash

California's legal pot sellers have a problem: where to put the flood of greenbacks. "We can't legally take deposits because we are FDIC insured," explained Russell Colombo, CEO of California based..

The Street -

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+  •  FOLLOW us on Pinterest