Nothing usually damages an attempted financing more than the share price in a company taking a dip below the financing price. That happened to Tinley Beverage (TNY.C) recently, when a healthy stock price was hit by the lurgy hitting all weed plays right now, as investors are cashing out in the fear that things may not have bottomed out yet.
Back in the day, when the cannabis craze was first dropping on the public markets, Canadians were forbidden from doing deals to buy Washington State cannabis growers. You had to be a local to get a license, and the method used to get one of those was comical. You had to fill out a form online and literally wait for your lottery number to get picked.
According to its latest press release, Hiku (HIKU.C) is “focused on building a portfolio of iconic, engaging cannabis brands, unsurpassed retail experiences, and handcrafted cannabis production.”
This article is part of an ongoing series that uses company documents to break apart and visualize data relating to the Canadian cannabis producer market.
Look man, I wouldn’t have blamed you if you were one of those naysayers who thought weed beverages were kind of a nutty idea when Jeff Maser showed up as CEO of Tinley Beverage (TNY.C) a few years back.