iAnthus (IAN.C) defaults on debenture payments – but is that a weakness or a tactic?

Chris Parry
April 6, 2020
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

Joseph Morton
April 6, 2020
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.

The market is up, but it’s all theatre: Don’t let The Fed’s buying suck you in

Chris Parry
March 24, 2020
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.