Long time readers know, a year or two back, we wrote a lot about a US multi-state operator (MSO) in the cannabis dispensary space, iAnthus (IAN.C). We liked the company as it accelerated its dispensary acquisition program but stopped coverage in early 2019, with the shareprice in the $5 range, as it began to overpay for assets in a land grab with competitors we believed would ultimately have few winners. Today, iAnthus has put out some uncomfortable news announcing that, because it is involved in a lawsuit with creditors, it has chosen to default on debenture interest payments.
Weed shops no longer essential – World Class Extractions (PUMP.C) sends in the Pineapple Express to service three Ontario cities
Late last week, we reported on World Class Extractions (PUMP.C) closing the acquisition of Pineapple Express Delivery, a delivery company servicing the medical and recreational markets both the business to business (B2B) and business to customer (B2C) sectors. Today, they expanded their footprint to include their first three cities in Ontario: London, Barrie and Ottawa.
It’s never been clearer that many Canadian cannabis companies were built, from the outset, poorly. As the economy creaks and groans and every sector takes a hit from COVID-19 effects, cannabis should be an exception to the rule because, if my circle is any indication, a lot of folks are at home, bored, and getting high as hell.
The Supreme Cannabis Company (FIRE.T) completed its first international cannabis shipment from Canada into Israel today.
March, 2020 PED revenues increased 265% from those in January, 2020 - as the company's operations ramp up to satisfy growing demand.
Inner Spirit Holdings (ISH.C) expands into Newfoundland and hires a dragon to help with distribution
Inner Spirit Holdings (ISH.C) and a subsidiary of Atlantic Cultivation signed a master agreement that will take Spiritleaf cannabis stores into Newfoundland and Labrador today.
If your current quarantine situation hasn't left you thinking about new ways to make money out of a new socially distanced world, you're probably still watching Tiger King. Blackhawk Growth Corp (BLR.C) isn't a name on many people's lips through the COVID-19 crisis, but that's a good thing if you, like me, enjoy ultra-low priced pubcos with the potential to break out.
Indiva (NDVA.V) received Health Canada’s approval for their license amendment today, allowing them to add another 10,000 square feet of production space for edible gummies and chocolates.
Last week, Nevada Governor Steve Sisolak allowed the shops to continue at-home deliveries because marijuana is considered an "essential business", reported The Reno Gazette, “Much like the grocery stores trying to fill orders for rice and potatoes, cannabis retailers cannot fill marijuana delivery orders fast enough.”
Medipharm Labs (LABS.T) completed its first shipment of bottled cannabis topicals under a contract manufacturing agreement, and accelerated their research and development program to expand the company’s presence in the topicals market, yesterday.
Trust me, there’s nothing I’d like more, as the publisher of a financial markets-focused media outlet, than to tell you all it’s time to buy back in on these ailing markets. I’ve got clients who’d reward me well if I were to convince you that it’d be a good idea to buy their stock in the middle of a stock slide. I’ve got employees that I’m still paying and not laying off that are ready to do their thing and share good investing opportunities with you all, especially at a time when you’re all at home looking for information.
We are currently primarily focused on wholesale, selling bulk products. Quickly, we will be pivoting to the $16 billion dollar industry which breaks out between nutraceuticals, beauty aids, food and beverages.