Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) and ICC Labs Inc. (ICC) (TSX-V: ICC) are pleased to announce that Aurora has received, from its consortium of lenders led by Bank of Montreal (collectively, the Lenders), consent and approval as required under its credit agreement with the Lenders to the previously announced plan of arrangement (the Arrangement) between ICC and Aurora. Subject to the terms and conditions of the arrangement agreement dated September 8, 2018 (the Arrangement Agreement), Aurora will acquire all of the issued and outstanding common shares (ICC Shares) of ICC.

Less than two weeks after weed was legalized in Canada, it's already been reported that Canadians have been denied from entering the United States because of admitted cannabis use. Canadians that have smoked weed previously have been worried about getting banned from the United States after legalization. 

Roy Ludwig, the mayor of Estevan, Saskatchewan is speaking up after he says that multiple Canadian residents have been turned away from the U.S. border on the premise of previous pot use. The Canadian town is situated close to the border crossing of North Dakota, where marijuana use is still illegal.

The Co-operators Life Insurance Co. is introducing optional medical cannabis coverage for its largest group plan sponsors.

While the coverage can be added as an optional provision under an extended health-care plan, it requires prior authorization and is subject to an annual maximum.

The insurer will consider cannabis an eligible expense under a health-care spending account, as long as the plan member has met all the guidelines set out by Health Canada. It stipulates that, since medical cannabis doesn’t have a drug identification number, it isn’t eligible for coverage under a prescription drug plan.

Cannabis stocks are rebounding across the board today! Candian cannabis penny stocks are all trading in the green on the TSXV today, as well as major cannabis stocks on the NYSE. Today, we’ll take a look at Canopy Growth and Aurora Cannabis stock shares.

Cannabis Stocks: Canopy Growth Corporation (NYSE:CGC)

Canopy Growth is headquartered in Smiths Falls, Ontario, and with its subsidiaries engages in growing, possession, and sale of medical cannabis in Canada. 

Good news for the cannabis industry has been few and far between since cannabis went legal up in Canada earlier this month, but Marimed Inc. (OTC:MRMD) is one significant exception. The United States-based cannabis consulting company closed up an incredible 15.17 percent to $4.48 Tuesday following the company’s recent announcement that they finalized the acquisition of New Jersey cannabis firm BSC Group, a multidisciplinary consulting company with a cannabis industry operational consulting focus.

The acquisition was considered a huge win for both MariMed and BSC Group according to statements given by leadership.

Molson Coors Brewing Co. expects to "secure a meaningful share" of the cannabis-infused beverage market when edibles are legalized in Canada, the company's CEO said.

"We will be in a ready-to-go position and, you know, one of the first on the playing field as the market opens up," said Mark R. Hunter in a conference call with analysts after the company released its third-quarter earnings report Wednesday.

Recreational cannabis products such as dried flower and pre-rolled joints became available for legal purchase in Canada on Oct. 17, but edibles won't be legalized until next year.

A pot shop in Kimberley, B.C., has received the first private licence to sell recreational marijuana from the British Columbia government, two weeks after the drug became legal across the country.

Tamarack Cannabis Boutique can legally begin selling non-medical marijuana Thursday but it will be up to the company to decide when to open for business.

The Ministry of the Attorney General says in a statement that additional retail store licences will be issued as applicants proceed through the process.

It says the process requires security screening and financial integrity checks, support from the local government or First Nation and a store inspection.

The name of the store is High North, but it might as well be named High and Dry because for all but about four hours of the first two weeks since marijuana was legalized in Canada, there was no pot to sell.

Trevor Tobin, one of the owners of the Labrador City shop in Newfoundland and Labrador, said they went 10 straight days without supply.

“The producers keep saying there will be some bumps in the road, but right now it’s not a bump in the road. It’s a big pothole,” he said.

The marijuana industry simply keeps making history in 2018. So far this year we have:

The pullback in cannabis stocks in the past two weeks has hit the share prices of Canada’s top pot stocks hard, and investors who have been on the sidelines through the entire rally and subsequent plunge are wondering which marijuana companies represent the best buys today. Let’s take a look at HEXO (TSX:HEXO) to see if it deserves to be in your portfolio right now.

Value play?

The entire cannabis sector continues to trade at valuations that are expensive, regardless of the metrics used to calculate what these companies might be worth.