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December 26, 2024

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Friday roundup: TGOD (TGOD.T), Supreme (FIRE.V) and Heritage Cannabis (CANN.C) make waves

First up, The Green Organic Dutchman (TGOD.T) has finalized its settlement with Hamilton City Council in regards to its production capacity, ending a year-long dispute which imperiled construction of their greenhouse.

Hamilton’s Local Planning Appeal Tribunal and TGOD signed a settlement offer permitting the company to grow 17,500 kgs of cannabis annually.

“This completes this chapter of our journey,” said Brian Athaide, CEO of TGOD. “We look forward to growing and producing high-quality, certified organic cannabis right here in our home town. We are committed to the City and look forward to working with our neighbours, local businesses and the community.”

TGOD says its new Ancaster, Ontario, facility will employ 85 people and is expected to begin production in June of this year.

Bylaws restricting greenhouse size in Hamilton were enacted due to black market cannabis activity in the area which culminated in the murder of a grower in 2017, according to TheDeepDive.

TGOD was up 2.8% to $4.35 by market close today. The company has a market cap of $1.2B.

Supreme Cannabis locks down May speaking spots

Next up, speakers from Supreme Cannabis (FIRE.V) have been selected to speak at four different capital markets and cannabis conferences in the month of May.

Canaccord Cannabis Conference – New York, NY

  • May 14, 2019: Nikhil Handa, Chief Financial Officer, to present to investors and attend 1-on-1 meetings.

OTC Cannastocks2019 Q1 Conference – New York, NY

  • May 15, 2019: Nikhil Handa, Chief Financial Officer, to present to investors and attend 1-on-1 meetings.

BMO 14th Annual Farm to Market Conference – New York, NY

  • May 16, 2019: Navdeep Dhaliwal, Chief Executive Officer, to present to investors and attend 1-on-1 meetings.

Cowen Cannabis Conference – Toronto, ON

  • May 22, 2019: Navdeep Dhaliwal, Chief Executive Officer, to present to investors and attend 1-on-1 meetings.

Supreme has had a standout 2019 so far: The company had three separate speaking engagements in April, expanded domestic distribution to eight provinces and had its president, John Fowler, named to High Times’ list of the 100 most influential people in cannabis.

The company’s stock closed at $1.94 today, up $0.45 since the beginning of the year. Supreme has a market cap of $562M.

Heritage Cannabis warrants approved for listing on CSE

Heritage Cannabis (CANN.C) warrants are set to trade on the Canadian Securities Exchange on May 7, 2019.

Each warrant entitles the holder to once common share at a price of $0.70, on or prior to May 7 at 4:59 p.m. Eastern Standard Time.

Heritage has the right to accelerate the expiry date to a day no less than 21 days after an acceleration notice is provided to warrant holders.

Full description of warrants:

  • Issuer: Heritage Cannabis Holdings
  • Security type: warrants — Nov. 8, 2021
  • Trading date: May 7, 2019
  • Symbol: CANN.WT
  • Number of securities issued and outstanding: 16.33 million
  • Cusip No.: 42727B 14 1
  • ISIN: CA 42727B 14 1 7
  • Board lot: 500
  • Exercise price: 70 cents
  • Expiry date: Nov. 8, 2021
  • Transfer agent: Computershare Trust Company of Canada

Heritage Cannabis closed at $0.62 per share today, up 3.3%. The company has a market cap of $263M.

Full disclosure: TGOD, Supreme Cannabis and Heritage Cannabis are Equity.Guru clients.

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1 thought on “Friday roundup: TGOD (TGOD.T), Supreme (FIRE.V) and Heritage Cannabis (CANN.C) make waves”

  1. Speaking of making waves, Livewell droped last friday a new release regarding the termination of their agreements with Canopy Growth/Rivers. Do you guys expect to cover that news release shortly? Because it looked very much like a friday news dump. Thanks and keep up the good work.

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