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
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
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.
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 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
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.
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
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
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.
“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.”
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
“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.”
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?
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
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.”
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
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
GTEC Holdings (GTEC.C) is a company we’ve written about a lot, a BC-based cannabis grower that laid out a business model of multiple small licensed grow facilities, hitting the premium artisan weed market. Their products are great, their costs are low, and they’ve never yet benefited from the irrational weed booms of the ’15, ’16, and ’17 years because they were late to get those licenses.
This means, they’ve experienced all the weed industry dives, but none of the runs. Their stock price: $0.09, good for a market cap of just $11 million.
No company in the Canadian cannabis space polarizes people like Green Organic Dutchman (TGOD.T), which roared to the public markets on perhaps the biggest promote yet seen, raised nine-digit totals along the way, swept in more first time private placement participants than any company before them, and then did… well… nothing, for a long time. With top brass having been walked recently and plans to super-size the company grow facilities shelved in the wake of underwhelming need for more weed, TGOD has made no secret it is at a moment of recalibration, but investors will have expected to see more than this.
Okay, so the world is burning, the Russians and Saudis are pouring low-cost fuel over it, the Americans are shocked that a reality TV show
A quick scan of headlines today would tell a harrowing story that Heritage Cannabis (CANN.C) was in big trouble and had lost $13 million and pandemonium had broken loose, and dogs and cats were going to be living together any time now. That’s because the company led their Q4 financials news release today with their yearly metrics filling the headlines, while their not-so-rough quarterly numbers were largely and inexplicably hidden from view.
Invictus MD Strategies (GENE.V) announced tonight that, in accordance with its efforts to work through creditor protection proceedings, it has been kicked off the Venture Exchange. On the upside, if Invictus’ history of going back on news releases is anything to go by, we’ll receive another release inside ten days that the bankruptcy proceedings have been cancelled and they’ll continue on as usual. Because that’s how it’s always been for Invictus, which has the worst track record in Canada’s cannabis space for announcing things, only to un-announce them very shortly after.
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.
As part of an ongoing process to deal with its bankruptcy, Wayland Group (WAYL.C) is dispensing with several foreign assets that were once touted as being amazing international opportunities, and it’s doing so at prices you can afford. The courts have granted approval for WAYL to get rid of its Colombian subsidiary, Colmed Pharmaceuticals, which was purchased in an all paper deal for 11 million shares a little over a year ago. Who’s buying it? It turns out, one of the companies that originally sold it to them, RG5 Investments.
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
Ontario-based Supreme Cannabis (FIRE.T) released its Q2 2020 financials today and there were few surprises contained in its pages, bar perhaps the size of the quarterly loss. At a $17.3 million net loss after taxes (and a $10.4 million loss in adjusted EBITDA terms), FIRE shares fell in value below the $0.40 mark it’s been hovering around for some time, a 5% drop in real terms. Previous quarters had seen smaller losses, even come close to break even. But even the rosiest-eyed fanboy would have expected these numbers to be rough, considering the CEO change and staff layoffs announced earlier in the year. We predicted as much a week ago.
The quarterly financials news release just put out by Aurora Cannabis (ACB.T) isn’t exactly hype. It reflects a company coming to grips with the fact
Large Canadian cannabis licensed producer Supreme Cannabis (FIRE.T) told the markets they’re laying off around 30% of their staff today, days before their next quarterly financials are released and with the dust still settling after their recent CEO change. To the casual observer, this might appear to be a sign of desperation, that the sky is falling in Kincardine, Ontario, and the owner of the esteemed 7 Acres brand was making some sort of last ditch effort to stave off Armageddon. It ain’t that.
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,
Alberta-based Aurora Cannabis (ACB.T) took a long trade halt today as it prepared to announce what the online rumour mill had been surmising all day
On January 22, 2020 1933 Industries (TGIF.C) gave the market an update on its bulk hemp processing facility in Las Vegas, USA. The facility will
Way way waaaay back, when Equity.Guru was a young pup and the cannabis industry was still being built on fumes of promise, Vivo Cannabis (VIVO.V)
To be a shareholder in Hexo (HEXO.T) Aurora (ACB.T) or Organigram (OGI.T) over the last 8 months, is to gain intimacy with pain, humiliation and their kissing-cousin abject despair.
“The core business, which is derived from an Arizona licensed vertically integrated model, generated USD $13 million in revenues during the first two quarters of 2019,” confirmed Equity Guru’s Sam Bourgi last October.
Ironically, VEXT is a healthy cannabis business, and investors are quickly gaining confidence in it.
Cannabis investors exhibit the same psychological characteristics as Dutch teenagers, a “volatile mix of anxiety, irritability, exuberance and despair.”
With teenagers, the irrational mood swings are due to “stress points around the uneasy transition toward adulthood.”
Cannabis investors don’t have this excuse.
Sick of hearing about how cannabis companies are ‘on the cusp of something great’ and ‘leading the industry’? Well Experion’s new CEO has gone another way: Truth.
The bodies of cannabis company CEOs are starting float down river. Honey, the CEOs ain’t the problem. Name one weed company CEO any other company would hire… I’ll wait.
Golden Leaf Holdings (GLH.C) sold two of its Canadian subsidiaries, Medical Marihuana Group (MMG) and Medical Marijuana Consulting (MMC), to global cannabis consumer packaged goods
AgraFlora Organics International (AGRA.C) closed its deal to acquire the Good Company GmbH, the parent of the German EU medical cannabis distributor, Farmako GmbH. Farmako
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
There’s a lot going on underneath the surface with Isracann Biosciences (IPOT.C). A year in review won’t be much, mostly because this company hasn’t been
Medipharm Labs (LABS.T) was given the regulatory nod from Health Canada today to begin producing in its recently expanded area of its specialized manufacturing facility
Like the old Twilight Zone episode where helpful aliens leave behind a book called ‘To Serve Man’, only for us to find out later it’s a cookbook, investors have been welcomed and fattened up nicely by alpha predators as they unwittingly await their slaughter, not realizing that, they’re at the predator’s table because they’re the main course.
On December 23, 2019 Aurora Cannabis (ACB.T) share holders’ painful year (the stock is down 65%) got worse with the announcement that ACB Chief Corporate
Agraflora Organics International (AGRA.C) is opening farm-gate stores in a high population density area with hopes of attracting new customers, while taking greater control of
On December 17, 2019 Isracann (IPOT.C) announced that it has entered into an Memorandum of Understanding (MOU) for a joint venture (JV) with an additional
Not sure what took them so long, but there’s a new CEO at Canopy Growth Corp (WEED.T), and he’s exactly what we thought he’d be;
Dionymed Brands (DYME.C) is – sorry, was – the low hanging fruit of the cannabis bubble burst. It was always a goner for anyone who
Isracann BioSciences (IPOT) is the first pure pot play growing in the Promised Land. You may not think this middle east nation state is a
Over the last month I’ve left the happy confines of Casa Guru a few times and headed out to the suburbs to catch up with
The other day at a house-party I was put on the spot during an argument about cannabis. Two of my friends wanted to know exactly
On January 10, 2018 (almost two years ago), the Canadian Marijuana Index peaked just north of a 1,000. At that time, the valuation of almost
The partnership between Emerald Health (EMH.V) and Village Farms (VFF.V) was never going to be smooth sailing, glittery rainbows, and under-taint kisses until the end
On December 2, 2019 Sol Global (SOL.C) released its Q2, financial results for the three and six-month period ended September 30, 2019. SOL Global invests
Regular readers will know I’ve been a little quiet of late on the cannabis space, which is by design. If I’m not going in full
Isracann Biosciences (IPOT.C) got the regulatory nod from the Israeli Land Authority for their land use and facility design, but before they can get started
The cannabis markets are sorely in need of some good news and better business practices. But if there’s a silver lining to all of this
Canopy Growth (WEED.T) received its operating and secure storage license from Health Canada for its 150,000 square foot beverage facility located at company headquarters in
Pivot Pharmaceuticals (PVOT.C) launched its manufacturing facility in Dollard-des-Ormeaux, Quebec, today. It’s intended primarily for research and development and pilot-scale laboratories, and compromises 43,000 square
U.S. cannabis stocks exploded today. Canadian Cannabis stocks also exploded. Almost every stock with the word “cannabis” mentioned in the “About Us” link – exploded.
Listen up, true believers – Canopy Growth Corp (WEED.T) will not be rewarding your love any time soon. This isn’t news, obviously. We’ve told you
Isracann Biosciences (IPOT.C), an Israel-based cannabis play, has engaged the services of LinC by Growing Smart to draw a project roadmap for their proposed 230,000
Cresco Labs (CL.C) and Origin House (OH.C) have updated the terms of their $1.1B acquisition, repricing the all-stock transaction to match declining share prices since
On the same day mega-grower Cronos Group (CRON.T) said it no longer sees square footage and production capacity as “key performance indicators,” and will cease disclosing
When cannabis companies first appeared on Canadian public markets, it was all about cultivation, the bigger the land package, the higher the market cap. Didn’t
Nobody is very happy with SOL Global (SOL.C) at the moment. $HARV can’t seem to close their financing which was announced in July. How will $SOL
Last year, before the exuberance for cannabis stocks soured, a video taken Aphria’s (APHA.T) expansive but still unfinished Double Diamond facility produced a strangely synthetic
On October 28, 2019, Experion Holdings (EXP.V) announced that the Head Grower of Citizen Stash’s award-winning cannabis strain “Lemon Zkittle” has been nominated as Top
Being “original” in business is a double-edged sword. Yes – it’s good to stand out in the crowd. But – when you’re all alone –
The Canadian cannabis market has long-since reached saturation, and stock charts across the sector have been testament to the downturn since March of this year.
Of all the stupid, tin-eared, extended news releases I’ve seen posted on a Monday morning, I’ve rarely seen one as stupid, tin-eared and extended as
As a general rule, I’m against any company with ‘cann’ or ‘canna’ in its title. You could make a drinking game out of reading the
When a gentleman or mademoiselle makes a decision to honour the dark arts of predatory investing, occasions such as these times, when the black clouds
While Canadian investors digested their Thanksgiving turkey, CannTrust (TRST.T) announced that it has “destroyed approximately $12 million of biological assets and approximately $65 million worth
For the last few years, if cannabis companies wanted money, there was a long line of folks happy to oblige. More recently, those financiers have
Sometimes a deal broken is a good deal for shareholders, especially if you give a red rat’s behind about your favourite company having enough money
The stock market assigns no intrinsic value to the “small beautifully-constructed thing”. You run an innovative music school? You build yurts out of corrugated cardboard?
Yesterday, weed stocks were generally green. The day before too. This brought about a load of folks on social media talking about how ‘cannabis is
Growing cannabis in Nevada is like brewing beer in Labrador. There is a ravenous local market for the product. Cannabis demand in Nevada is powered
Crop Infrastructure (CROP.C) has been “humbled” by major damage to its Nevada property caused by rampaging antelopes and weeds, the unprofitable kind. Once drone reconnaissance and
In most U.S. states children can open bank accounts with parental consent, though the little tykes must pay federal taxes if they book more than
Khiron Life Sciences (KHRN.V) is expanding its cosmeceutical portfolio in Colombia after local authorities approved the company’s application to sell three more CBD wellness products.
If you’ve ever even thought about investing in cannabis, you’ve probablky not heard of WeedMD (WMD.C), at least going by the share price. The company
“Show me a good loser, and I’ll show you a loser,” stated Vincent Lombardi (1913-1970), head coach of the NFL team, the Green Bay Packers.
The Green Organic Dutchman (TGOD.T) is sharing production ramp-up and other updates during hosted site visits for analysts at its Hamilton and Valleyfield facilities both
Look who’s covering Pasha Brands (CRFT.C) again. In the three whole days since I last covered the company, Pasha has updated us on its growing
Turns out running an illegal drug operation out of your legal, licensed drug operation isn’t such a good business model. Health Canada announced today what
Pasha Brands (CRFT.C), one of the most active M&A companies in the Canadian marijuana industry, announced another major supply agreement on Monday. Unlike previous supply
Chemesis International’s (CSI.C) installation of VividGro LED lighting and environment controls in their Natural Ventures cultivation facility takes a serious step towards solving the chronic