2020 Gravitas Securities Growth Conference lines up seriously interesting deals, even in weed

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.

Fire in the hole: Supreme Cannabis (FIRE.T) drops rough financials as expected, transition afoot

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.

This is an actual MedMen (MMEN.C) news release

When a cannabis company loses a lot of money every quarter, and has to sell real estate, cancel acquisitions, lay off staff, renegotiate existing financing to higher interest rates and offer stock to new financiers at a discount to the market price, all to stay afloat, one might expect their newsflow to show bold new moves, innovation, maybe some hard austerity decisions.

Emerald Health (EMH.V) shareholder call goes somewhat poorly, as JV death spiral looms

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 of time. Let’s face it, brothers will always fight, especially when money is involved. However, a betting man might have thought the partnership between these two would make it through two Thanksgivings intact, especially as their ensuing brand of cannabis tops the sales charts.