Just 48 hrs after I posted my ‘can we get some freaking adults into this weed space‘ screed, Aphria (APHA.T) has responded with a quarterly profit.
For the first time since 2008, the Fed cut rates by 25 basis points to boost economic growth. In a perfect world, a lower cost of borrowing would’ve made the market soar. But stocks fell yesterday, and they fell today. It’s complicated. Let’s get into it:
Gaia Grow Corp. (GAIA.V) (formerly Spirit Bear Capital) announced that effective August 1, its shares will be trading on the TSX Venture Exchange. Gaia Grow has 200.2 million shares outstanding. A July, 2019 capital raise was completed at $0.10, bringing its market cap to $20.2 million (about 124.7 million, or approximately 62%, of outstanding shares are locked up in various escrow agreements). This company comes by way of a reverse takeover (RTO). Investors should review all applicable SEDAR filings and company press releases before investing in a RTO.
If you’ve been reading this site for a long time, you’ll have heard us mention AMPD Technologies before. This is a company I’ve been a part of, in an informal advisory nature, for nearly two years, having met one of the founders at a Dungeons and Dragons game way back, and realizing his company would be a monster once the e-sports investment movement took hold.
More good news for Canadian cannabis enthusiasts: people suffering under the weight of a prohibition-era criminal record for simple cannabis possession can apply for a pardon starting today.
There is a dearth of cannabis-related clinical studies, and Khiron Life Sciences (KHRN.V) is putting in the work to change that.
During a recent Okanagan wine tour, our tour bus operator told me he’d done extremely well with Shopify (SHOP.NYSE) and when he heard what it is I do all day, asked me where he should be putting his money.