Respect where it's due, I haven't been to an investor conference in a long time where I came away interested in most of what I saw, let alone *everything* I saw, but this year's Gravitas Securities Growth Conference lineup absolutely hit it out of the park. The GSGC isn't the biggest show around, but they know how to turn out the playahs, and the only way you keep big money showing up is to be a little bit picky with what you offer them. Don't waste anyone's time and they'll know it's cool to return.
BevCanna Enterprises (BEV.C) doubles their cannabis 2.0 production space to roll with the regulations
BevCanna Enterprises (BEV.C) is doubling their production floor space from 5,235 square feet to 10,378 in preparation for getting their processing license later on this year.
With a little over and hour left in the year 2019, past 10PM on December 31, I saw a news release from James E. Wagner Cultivation (JWCA.V) about a small $2 million loan they'd taken out. The timing of the announcement of their loan was surely not coincidental. Actually, thinking about it, 'payday loan' might be the more appropriate term to have used. JVCA took out a debenture financing of $2 million at an interest rate of 25% annually. That's just the first tranche of the deal; there's another $8 million out there if they want it. My credit card, abused as it has been, costs me less interest to maintain than JWCA's loan.
You've gotta love it when a plan comes together: 1933 Industries (TGIF.C), which has been banging the same 'we're grownups, we're doing it right, hang tight' drum for several years now, dropped news this February 14 that will make any Valentine's heart swell with joy. "Following the completion of a combined 20,000-square-foot expanded cultivation, extraction, manufacturing and distribution facility in the Los Angeles area, the company began harvesting its first cannabis crop this week to be utilized for both its proprietary brand Alternative Medicine Association (AMA), as well as for its licensing partner luxury brand Blonde cannabis, with products earmarked for dispensaries for the first time outside of Nevada."
1933 Industries (TGIF.C) has kept their January 7th promise to get the first harvest of their California operation in full swing, while getting their Canna Hemp products to dispensaries across the state.
In VEXT’s latest financials we learned that “Gross Revenues increased 36% to USD $18.8 million for the nine months ended September 30, 2019 from USD $13.8 million for the nine months ended September 30, 2018.”
Your Monday morning cannabis market roundup with Flower One (FONE.C), Canada House Wellness (CHV.C), Pure Global Global (PURE.V) and C21 Investments (CXXI.C)
In 2017, the going logic of legalization was that everyone would be either smoking, vaping or ingesting cannabis in some way once it became legal, and that promise hasn’t been fulfilled. There’s been growth and retraction over the past year, but the same people you’d normally see with a joint between their lips on a Friday night remained and they mostly got it from the same sources they always did: the guy at work instead of the dispensary offering big name LP weed.
The Alkaline Water Company (WTER.Q) gets an e-commerce site, drops an acquisition and expands to a convenience store near you
The Alkaline Water Company (WTER.Q) partnered with Youtech & Associates to develop an end-to-end e-commerce site devoted to the company’s CBD-infused topical products today.
Australis Capital’s (AUSA.C) acquisition of payment services provider Paytron signals rebuild in the wake of terrible 2019
Australis Capital (AUSA.C) has entered into a non-binding letter of intent to acquire omnichannel payment services provider Paytron, LLC.
Xphyto (XPHY.C) is dominating the cannabis sector like Sean Kemp used to dominate the Seattle buffet scene. It’s a legit beast right now, jumping from fat new high to fat new high. We’ve sat with their team several times over the past year and on each occasion have been impressed with their plans, but perhaps the greatest plan they’ve executed has been achieved over the past month, when their share price has elevated from $1.00 to $1.85.
Xtraction Services Holding (XS.C) partnership with KushCo Holding (KSHB.Q) offers value to KushCo’s operators
Xtraction Services Holding (XS.C) has entered into a partnership with KushCo Holding (KSHB.Q) to offer equipment financing to KushCo’s network of thousands of compliant cannabis and CBD operators.
Speakeasy Cannabis Club (EASY.C) has signed a non-binding letter of intent with M&J Orchards to plant 50-acres of hemp in 2020, because sometimes outsourcing can confer a comparative advantage.