Gross revenue was $1.4-million in the second quarter of 2020, compared with nil in the three-month period ended April 30, 2019.
Gross revenue was $1.4-million in the second quarter of 2020, compared with nil in the three-month period ended April 30, 2019.
Radient Technologies (RTI.C) received the Health Canada nod to sell cannabis extracts, edibles and topicals today. The company has also inked a manufacturing and service
Curaleaf Holdings (CURA.C) will continue expanding its Select brand into new markets, intending to enter the Ohio, Florida, Massachusetts and Maine markets before August 2020.
Australis Capital (AUSA.C) acquired Passport Technology on Thursday, a deal which if approved will mean immediate profitability and revenue for the company. The company believes
“In a sector rife with terrible CEOs that have wasted company treasury and goodwill…none come close to Bierman in terms of self enrichment, entitlement, and outward facing douchery,” wrote Chris Parry on January 31, 2020.
Agraflora Organics Interational (AGRA.C) Greater Toronto Area-based subsidiary Sustainable Growth Strategic Capital (SGSC) formed a cultivation partnership to grow hemp in Ontario today according to
Hollister Biosciences (HOLL.C) together with Allied (ALID.OTC) bring Tactical Relief, a hemp-based CBD oil intended to help veterans and first responders, according to a press
Heimark has a track record of rigorous market research prior to launching products. This research-based approach has reaped dividends in market penetration and revenue growth.
Puration (PURA.OTC) will acquire a CBD sexual wellness product line, the company announced today in a press release. Pura’s revenue comes mostly through the sales
Heritage Cannabis Holdings (CANN.C) subsidiary Purefarma added another piece of their portfolio expansion today, adding three vape cartridges to their existing catalog of intended product
Namaste Technologies (N.V) subsidiary CannMart received an exclusive license from Ignite International Brands to use Ignite’s brand trademarkes on their cannabis offerings today, according to
Fincanna Capital (CALI.C) has restructured the previously agreed upon royalty agreement with its portfolio company QVI, located in Sonoma county, California, to account for some
CBD-focused CSE companies Sweet Earth (SE.C) and Mota Ventures (MOTA.C) have announced their intent to join forces on the development and distribution of CBD dog
WeedMD (WMD.V) launched their Aurum vapes to Starseed patients across Canada as part of the company’s expanding medical cannabis portfolio offerings today. Cannabis 2.0 has
With only few glaring exceptions cannabis is basically an industry dominated mainly by white dudes. There are a few noteworthy women operating at various levels
Heritage Cannabis Holdings (CANN.C) intends to launch their Pura Vida brand of full spectrum sativa, indica and hybrid honey oil vapes in British Columbia, Alberta
Loblaws’ (L.T) big ass 1300-store pharmacy chain, Shoppers Drug Mart, announced this morning they’re now offering same day delivery of medical cannabis products in the
The Green Organic Dutchman Holdings (TGOD.T) expanded its licensing agreement with Colorado-based Stillwater Brands, and will start selling its Ripple suite of products in Canada,
Delta 9 Cannabis (DN.T) has signed an agreement with the Province of Newfoundland and Labrador, along with cannabis company Oceanic Releaf, which will allow Delta
When we first heard of Vodis Pharma (VP.C) it was a tiny group that couldn’t get its unlicensed Delta BC-based cannabis facility looked at by
If you stop and think about it, the fact that Vext Science (VEXT.C) only lost USD$1 million in Q1 of 2020 is fantastic. Today’s news,
Cannabis is dead. In an industry which used to boast of so much life and promise, we have only surviving companies hunting and scrounging for
Inner Spirit Holdings (ISH.C) announced that five of their franchise partners have secured retail store authorizations (RSA) for Spiritleaf cannabis stores in Toronto, Ottawa and
Charlotte’s Web Holdings (CWEB.T) is banding together with six other CBD brands to support ValidCare’s scientific study to answer questions posed by the Food and
Vektor is now proceeding with process implementation for the manufacture of Rotigotine patches for human clinical studies.
Flu season has come and gone and with it went COVID-19, and now spring has sprung and there’s uncertainty in the air. Stores are opening
Farmako GmbH, a subsidiary of Agraflora Organics International (AGRA.C), and ZenPharm, subsidiary of Zenabis Global (ZENA.T), joined into a binding supply term sheet, which serves
The Israeli Ministry of Economy signed a Free Export Order for medical cannabis last month. The order allows for the implementation of an earlier decision
Choom Holdings (CHOO.C) entered into an agreement to acquire Phivida Holdings (VIDA.C) for in an arm’s-length all-share deal for $7.3 million yesterday. For the longest
Trulieve Cannabis (TRUL.C) has partnered with several Florida-based non-profits in support of Pride Month. Throughout June, a portion of the proceeds from the TruProd in
Nutritional High International (EAT.C) signed an LOI to acquire Kruzo LLC, a company involved in development and research of products surrounding the psychoactive cacti peyote,
Nextleaf Solutions (OILS.C) continues to stack up the patents for extracting and separating cannabinoids and terpenes, stretching the reach of their intellectual property to include
“This will be the third year we have had the opportunity to partner with a local organization during pride month,” stated Mr. Heimark. “Last year we sold over 60,000 units and are looking forward to giving that record a run for its money this year.”
Canada House Wellness’ (CHV.C) acquisition of IsoCanMed (ICM), privately-owned Louiseville, Quebec based cannabis company that will give them the production capacity to meet their current
Far be it for me to stand up for Canopy Growth Corp (WEED.T), a company that has only succeeded in one thing in its entire existence; convincing folks to buy its stock despite never having done anything else right. In recent quarters, and through three CEOs, Canopy has been pretty darn forthright that it was going to lose money for a while because it was broken.
You will grow through what you go through. It sounds like one of those motivational platitudes spouted at high speed on whatever social networking platform
Gaia Grow’s (GAIA.V) relationship with CannGroup Development (CDC) has been expanded to include an exclusive-use extraction line in CDC’s new subsidiary Site 2 licence in
The Green Organic Dutchman Holdings (TGOD.T) delivered its first shipment of Highly Dutch, their new mainstream brand designed for regular users today. Highly Dutch is
Because this story is about The Green Organic Dutchman (TGOD.T) and cannabis investors bear grudges, the vast majority of people reading it will already be saying the words, “Fuck Parry, you’ll pump anything for money.”
So let’s get some things out of the way before we start. 1) TGOD isn’t paying for this story, and haven’t been a client for well over a year. 2) TGOD might not be a fan of this story
Growing cannabis revenues, shrinking losses, a healthy balance sheet – and now a pathway to selling branded extraction products into the Canadian market.
On Friday, May 22, 2020, the Province of Manitoba joined the growing list of provinces easing up on cannabis restrictions this weekend in their bid
To be blunt, Hexo is selling $15 pizzas with food-costs of $40. It’s not a great business model.
Pure Sunfarms, a majority owned joint venture between Village Farms International (VFF.T) and Emerald Health Therapeutics (EMH.C), received the Health Canada nod for its cannabis
When weed legalized in Canada, I wasn’t a consumer participant. Smoking up has never been my jam. I know some like the ritual of it
Health Canada announced the specifics for cannabis 2.0 on legalization day 2019, which pushed off the actual appearance of the products on shelves until mid-December.
When the history books are written on this passage of our lives, under pandemic lockdown and with once-in-three-generations levels of unemployment, they’ll note that in
“This is a challenging time around the world and here at home in Canada,” confirmed CEO Rosy Mondin, “The operational adjustments announced today are an important step in streamlining our direction and preserving resources to be utilized in more focused priorities.
Pineapple Express, a subsidiary of World Class Extractions (PUMP.C) has pulled in total revenue of $819,931. Recognizing the need to expand their distribution web, World
Xphyto Therapeutics’ (XPHY.C) potential deal with German brewery Oettinger Brauerei GmbH means development, production and distribution of cannabis-infused beverages for the European Market. They take
Isracann Biosciences (IPOT.C) is accelerating efforts to service an anticipated increase in demand for both domestic and EU markets. Isracanna is Israel’s only pure pot
May you live in interesting times. When you want to quietly and subtly insult someone and wish them serious harm, you gotta go Chinese. There’s
Inmed Pharmaceuticals (IN.T) filed a patent co-operation treaty (PCT) application relating to the potential for cannabinoids to prevent neuron damage associated with glaucoma. The patent
If Tilray (TLRY.Q) will leave any sort of legacy on the Canadian cannabis landscape, it will be that, for a short time and by virtue of a well-timed and paper-lined public listing, the CEO was the highest paid CEO in North America. For a hot minute, Americans bought in by the truckload and drove the shareprice up like DryShips (DRYS), making the boss a very paper rich man. Everything else the company has managed to achieve has been downhill from there.
A cannabis company producing another build-out, another dispensary or pushing forward incrementally isn’t what necessarily passes newsworthy muster. This isn’t 2017 anymore, and it’s generally
Aleafia Health’s (ALEF.T) subsidiary, Emblem Germany GmbH, has submitted its application to German regulators for European Union good manufacturing practice certification (EU-GMP) for their Paris
I break laws sometimes. I speed on the highway. I possess more than the 30 gram legal limit of weed products. I sneak food into
Inner Spirit Holdings (ISH.C) secured a retail operator license (ROL) for their Spiritleaf retail cannabis stores, and has met the eligibility criteria for Ontario for
Having already capitalized on Ontario cannabis-shops misfortune at having their essential status revoked by Doug Ford, World Class Extractions (PUMP.C) subsidiary, Pineapple Express Delivery, has
For a company that once upon a time figured a great business model in the cannabis sector would be to tattle on other license holders
Hollister Biosciences (HOLL.C) is normally a cannabis company. They have products in 220 dispensaries throughout California, and now they have caught wind that mushrooms might
The reason why the toilet paper and pasta aisles in my neighbourhood Walmart display only empty shelving is the same reason why it’s a good
Body and Mind (BAMM.C) and Comprehensive Care Group LLC have opened a dispensary in West Memphis, Arkansas, near the border with Tennessee, but with the
New licenses, deals, products – that’s all good – but it’s not the nitty gritty stuff investors are looking for now.
By “nitty-gritty” we mean – numbers.
Four weeks ago, Heritage released its Q1, 2020 financials.
Chemesis International (CSI.C) is spinning out its Colombia based cannabis company, La Finca Interacviva-Arachna MED SAS, into a wholly owned subsidiary through a plan of
Supreme Cannabis (FIRE.T) got a new President and CEO today in Beena Goldenberg, former chief executive officer of Hain-Celestial Canada, and a bona fide pro in the natural and plant-based consumer packaged goods business. This would appear to be a good hire for a company that already has a great reputation for quality products in an industry where the only way to differentiate yourself is being absurdly cheap or absurdly good. She’s picked a fine time to jump in; the company has already done some hard work in turning its fortunes around, and (to me) looks like its found a nice bottom to launch off.
Just to be clear, Puration (PURA.OTC) released some information today to remind everyone that their recent acquisition of the Hemp4mula confections business, which includes access
“We have achieved a partnership agreement with a farm operation that is constructed,” stated Isracann CEO, Darryl Jones, “it has already closed a major offtake agreement for the next three years. This accelerates our timeline to production and revenue.”
XPHY owns a German narcotic manufacturer called Vektor Pharma, another subsidiary called Bunker that has all the licenses to study cannabis as a medicine, and it has formed multiple partnerships with universities and research centers.
World-Class Extractions (PUMP.C) subsidiary, Pineapple Express Delivery Inc., entered into an agreement with CannaLogic Solutions today, to provide Canadian dispensaries access to their e-commerce and
“Medical marijuana dispensary owners who opted to expand into the adult-use market largely would do so in their existing physical locations,” stated The Phoenix New Times, “adding new staff and providing separate sales counters for medical and retail customers.”
There’s no doubt a lot of people invest in a sector by just plopping their dough behind whichever company is the biggest, or the one
The Wayland Group (WAYL.C) announced Thursday Austria-based Ring Holding International AG will purchase their Maricann assets, which essentially make up their entire business, for the bargain price of $12.3 million as part of ongoing bankruptcy proceedings. The purchaser of the Maricann assets is a family office with a core focus on the manufacturing of lever arches used in ring binders. Yes, ring binders.
With proper hygiene and social distancing procedures in place, we’re looking at a long multiple month quarantine slog. This is the reality we live in
Six, eight or eighteen months from now depending on what sources you believe, when some biotech firm has concocted, tested, synthesized and disseminated enough of
It’s time for your Tuesday cannabis rundown. First up: The Green Organic Dutchman Holdings (TGOD.T) signed a letter of intent with the Societe quebecoise du
Cresco Labs’ (CL.C) is hiring and training restaurant industry and hospitality service workers who have recently lost their jobs to fill 250 retail positions for
“The simple fact of the matter is ACB is getting around a THIRD of their product returned in real dollar terms,” wrote Equity Guru’s Chris Parry two months ago, “That means they either REALLY suck at growing weed, or they really sucked at figuring out what the market was going to look like when planning their business.”
Neptune Wellness Solutions (NEPT.T) reported today that their phase II expansion at their Sherbrooke, Quebec, facility is online and has received approvals to run product
“Borrowing money and expanding hard in competition with MedMen (MMEN.C) is a two-edged sword,” explained Equity Guru’s Chris Parry, “In a strong market, you’re building far more value than you’re borrowing but, in a down market, you’re under extra pressure to keep things together when debts come due.”
Curaleaf Holdings (CURA.C) added three new dispensaries to its growing cannabis empire today. These three dispensaries come from the Alternative Arrow Care (AAC) line of
It’s time for your quarantine-inspired COVID-19 weed stock rundown, so grab a coffee and follow along because really what else do you have to do?
Oddball pharmaceutical player Revive Therapeutics (RVV.C) found itself on the back end of a warning by the BCSC this week, that certain German players in the smallcap promotion space had over-hyped the mushroom/cannabis/biotech deal and promised big wins inappropriately for anyone who invested. As a marketing partner of Revive, I got a few panicky texts from certain folks wondering if that meant trouble for us – or them. It’s not a problem for us; our coverage has been appropriately even-handed.
When the cannabis edibles space first became a potentially legal thing in Canada, my first thought was about how my life would change for the
OIL’s CEO, Paul Pedersen, believes the key to a strong sustainable cannabis extraction business is innovative technology protected by international patents.
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.
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
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
The Supreme Cannabis Company (FIRE.T) completed its first international cannabis shipment from Canada into Israel today. They accomplished this because of their newly constituted partnership
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) and a subsidiary of Atlantic Cultivation signed a master agreement that will take Spiritleaf cannabis stores into Newfoundland and Labrador today.
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
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
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
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.
Village Farms International (VFF.T) announced today that its joint venture Pure Sunfarms received Health Canada’s approval to open its 65,000 square foot processing centre in
While the Noveau-riche cannabis bosses partied with company credit cards, Plus Products put its head down, did the researching, the strategizing, eventually building products that sold like hotcakes.
When the Nazis were conducting nightly bombing raids on London and the surrounding territories during the second world war, the citizens would wake up everyday
Xphyto Therapeutics (XPHY.C) announced today that they advancing its thin film CBD delivery system for epilepsy sufferers to clinical trials. In the past three months,