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.
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.
Liberty Leaf Holdings (LIB.C) partners with Veterans Affairs Canada to bring relief to PTSD sufferers
Part of cannabis’ cultural allure is the inherent rebellion of ingesting it. It’s been a counterculture staple because ingestion is an illegal act, a victimless crime and a way to thumb your nose at your so-called betters in ‘polite society.’ There’s Cheech and Chong, and also those wonderful underground comics from the 60’s and 70’s, and those years really were the heydey of cannabis-use as social rebellion. We’d see scenes of Huey gunship helicopters flying over an endless green Vietnamese jungle, with camo-clad boys passing a roach back and forth to fortify their nerves before their so-called ‘betters’ threw their lives away in combat. All to the tune of Fortune Son from CCR.
When a stock that couldn’t get arrested for most of the last year suddenly nearly doubles in a single day, you’d expect to find some sort of paper trail that would point to why.
Aleafia Health’s (ALEF.C) subsidiary, Emblem Cannabis, has signed a licensing agreement with Kinstate Inc, to bring Kin’s sublingual cannabis strips brand and tech to the Canadian medical and adult-use market.
MJardin Group (MJAR.C) sells their Cheyenne, Nevada licensed facility to Harvest Health and Recreation (HARV.C)
MJardin Group (MJAR.C) entered into an agreement with Harvest Health and Recreation (HARV.C) to sell their interest in GreenMart of Nevada, and more specifically their Nevada cannabis cultivation licensed facility in Cheyenne, Nevada.
World Class Extractions’ (PUMP.C) forms JV with Nutralife Holdings, and lays out operational road map to revenue
World Class Extractions (PUMP.C) signed an agreement to start a joint-venture with Nutralife Holdings and Nutralife Extraction LP to form a hemp extraction and processing facility in Imperial County, California.
On November 4, 2019, Westleaf (WL.V) announced that Westleaf Labs has received an initial “white label” order from Delta 9 for a three-month supply of vape pens and cartridges, representing anticipated revenue of about $740,000, “starting as early as January 2020”.
Tilt Holdings’ (TILT.C) closed $35 million private placement from a syndicate consisting of existing shareholders and new investors to pay their debt today.
When legal cannabis came to the public markets, it was all about how much flower you could grow. Now the sector is evolving into a world of retail with edibles, oils and downstream products. What will the market be like when Cannabis 2.0 hits?
CannaRoyalty (OH.C) subsidiary Trichome Financial’s merger with 22 Capital offers new financing options
CannaRoyalty (OH.C) subsidiary Trichome Financial completed a merger with 22 Capital to produce a credit-providing company called Trichome Private Credit that will provide a means of capital financing for the cannabis industry.