According to a September 7, 2018 CTV News report, physicians in Canada are seeing “an increase in emergency room visits by patients overdosing on cannabis.”
“Edibles pose a high risk of overdose because unlike smoked marijuana, edibles take a longer time to take effect,” stated Medical expert Dr. Julielynn Wong on CTV, “this can lead to an overdose.”
7 Key Cannabis Overdose Symptoms
- Increased heart rate
- Increased blood pressure
- Chest pain
- Loss of contact with reality
Six of these seven symptoms are also typical of heart attack victims.
The main difference between the two medical emergencies is that people overdosing on cannabis may “lose contact with reality”.
Running a diagnostic on that 7th symptom is tricky.
An overdosing cannabis victim may forget that she has eaten cannabis, or mistakenly think she is having a heart attack.
It is also – presumably – possible to simultaneously overdose on cannabis and have a heart attack.
Therefore, all cannabis overdoses must be treated as potential heart attacks – and all heart attack victims must be treated as potential pot-overdosers.
According to Medical News Today, “There is evidence that demonstrates both the harms and health benefits of marijuana.”
Despite small pockets of naysayers, investors in Canada and the U.S are convinced that the medical and recreational cannabis markets have a bright future.
This fall, the weed sector continues to book big gains.
For instance, 5 Equity Guru clients are on fire today, September 10, 2018.
Tinley Beverage Company (TNY.C) has recently added more distributors and significantly expanded its sales and marketing resources in California.
Prior to the announcement, Tinley had locked down distribution of The Tinley Cocktails ready-to-drink Margarita, and Tinley ’27 Coconut Rum with CMX Distribution, based in Costa Mesa, California.
Two additional distributors – Santa Rosa-based Pacific Expeditors and Coachella Valley-based Vets Leaf – have also now taken delivery of Tinley’s cannabis-infused, alcohol-free margarita.
Together with CMX’s core markets, Tinley’s distributors collectively cover Los Angeles, Orange County, the San Francisco Bay Area, Sacramento, San Diego and Palm Springs/Coachella Valley.
TNY is up 6% by mid-morning trading.
C21 Investments (CXXI.C) is acquiring Grön Chocolate and Grön Confections (GrönCBD) LLC, one of Oregon’s largest companies specializing in luxury edible cannabis products.
“Edibles are one of the fastest growing segments of the cannabis space,” stated Robert Cheney, CEO of C21 Investments.
Key C21 investment highlights
- Silver State Relief: First licensed dispensary in Northern Nevada, serves 1200 customers per day, $10m expansion underway, $37.5m in revs over trailing 12 months
- Eco Firma Farms: 23k sq ft grow facility in Canby, Oregon
- Phantom Farms: Four farms in Oregon of over 80k sq. ft., serving over 175 dispensaries with award winning flower
- Swell Companies: Developing public-facing brands that include Dab Society Extracts, Hood Oil, and the cannabis oil processor LoudLab Cannabis Refinement. Over 50 SKUs serving 275 dispensaries
- Dispensary acquisitions: The company has been picking up high performing Oregon based dispensaries as they emerge
C21 is up 7% in mid-morning trading.
The Green Organic Dutchman (TGOD.T) has developed a strategic partnership with Aurora Cannabis.”
Aurora made a $55 million investment for a 17.5% stake in TGOD.
Aurora/TGOD deal highlights:
- Aurora has purchased 17.62% for $55 million at $1.65 per share
- TGOD receives an immediate purchase order for 20% of future sales
- Aurora receives 20% of TGOD’s organic cannabis at wholesale prices
“The Aurora partnership has been incredibly beneficial for both parties to date,” stated Brian Athaide, TGOD’s CEO. “In addition to the organic supply agreement, the value of Aurora’s initial investment has increased nearly five-fold. In turn, the assistance provided by the Aurora team has helped accelerate our progress across all divisions.”
TGOD is up 8% in mid-morning trading.
In New York, Florida, Massachusetts, and Vermont iAnthus (IAN.C) holds licenses to operate four cultivation and processing facilities and 34 dispensaries, it also has weed operations in Colorado and New Mexico.
The CEO of iAnthus, Hadley Ford is a banking/operations/healthcare-innovator.
Ford grew a network of cancer treatment centers to $100 million in annual revenue. He also spent 14 years on Wall Street, where he completed “over 150 transactions worth billions of dollars.
iAnthus Q1, 2018 Financial Highlights:
- $3.2 million of revenues in Q1 2018, compared to $300,000 in Q1 2017.
- Net loss $0.01 per share, compared to Q1, 2017 loss of .07.
- Assets increased to $124.0 million at March 31, 2018 from $45.8 million at December 31, 2017 – due to the acquisitions of Citiva and GrowHealthy
- Received $5.1 million from The Green Solution, LLC
IAN is up 9% in mid-morning trading.
Supreme Cannabis (FIRE.V)’s 100% owned subsidiary, 7ACRES, has agreed to supply recreational cannabis to the Nova Scotia Liquor Corporation and the PEI Cannabis Management Corporation beginning October 17, 2018.
7ACRES’ 340,000-square foot hybrid greenhouse is situated in Kincardine, Ontario, combining the best practices in indoor cannabis cultivation with the power of the sun.
According to a recent Financial Management Discussion & Analysis (MD&A), “Supreme management is focused on developing and maintaining 7ACRES’ position as a leading brand of premium cannabis flowers at scale. Sales of cannabis are completed via Business-to-Business (B2B) transactions.”
During 9 months ended March 31, 2018 Supreme generated revenues of $5.3 million.
FIRE is up 11% in mid-morning trading.
Warnings from the medical community about marijuana aren’t completely crazy.
Data from the Canadian Institute for Health, states that cannabis overdoses in Ontario surged 300% in the last three years to about 1,500 per year.
“If you suspect you or someone else is overdosing on cannabis,” Wong told CTV, “it’s important to call your local poison control centre or dial 911.”
Full Disclosure: TNY, C21, IAN, TGOD and FIRE are Equity Guru marketing clients, and we own stock.