The Greater Fool Theory is the single greatest driving force of the markets right now. Balance sheets can eat a dick. Growth potential is irrelevant.
When new sectors emerge, as cannabis did in 2013 and psychedelics are doing right now, microcap companies that have struggled in other sectors will often pivot into new business. Miners become weed companies, then biotech companies, then shroom companies, as boards and management pursue new opportunities that might one day prove better than the last.
When the savings and loan crisis in the US hit in 1989, a lot of slow-moving investors lost their dough thinking the worst couldn’t possible
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.
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.
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.
You hate to see it, but such is life in the mining game; little Hawkeye Gold and Diamond (HAWK.V), which may be a misnomer because
From the day it landed on the stock market, MedMen (MMEN.C) was a company that drew derision and ire based almost entirely on the decision
Last night, Vancouver’s tech elite were crowded into the Waterfall Building, off Granville Island, enjoying cocktails, tasty vittles and, most importantly, tours of AMPD Ventures’
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
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.
“Americans spend more on prescription drugs than anyone else in the world,” states Bloomberg, “It’s true that they take a lot of pills. But what
Dionymed Brands (DYME.C) is – sorry, was – the low hanging fruit of the cannabis bubble burst. It was always a goner for anyone who
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
Beleaguered Canadian cannabis company Beleave (BE.C) just posted financials after the close of trading on a Friday, which is, as we well know, ‘Friday news
AMPD Ventures (AMPD.C) CEO Anthony Brown told a reporter yesterday he was looking to raise money for acquisitions and growth, with a $2 million raise
There’s an old damage control routine that goes, instead of admitting you have a problem, you focus on how you’ve fixed the problem you had,
Zenabis (ZENA.C) has four cannabis grow facilities. And it has four licenses. And it says it’s building out 2.75 million square feet of grow space.
Reading this week’s political headlines, you’d think the media had just unearthed hidden-camera footage of Prime Minister Justin Trudeau in a Shanghai strip bar –
In news that will shock nobody who has been paying even the smallest sliver of attention, rock n’roll legend, KISS guitarist, and reality show nimrod
One of the big lessons both a public company CEO and a public company investor have to learn and remember always is, sometimes the market
Several years ago, when Equity.Guru boss Chris Parry was writing at Stockhouse, he was called out to a new client – a company called Abattis
Canadian licensed cannabis producer The Wayland Group (WAYL.C), formerly Maricann, currently halted for not being able to get their financials through three different audit teams,
It’s like clockwork, every damn Friday afternoon. I think I’m getting out early to enjoy the weekend, anticipating the chance to get shittered on negronis,
We may never know whether it was the brazen hubris of doing a promotional video in front of an unlicensed grow room filled with illegal
We talked to the folks behind Livewell a lot, back in the day. Seemed a good deal, certainly a team that talked a good game.
Over the last few years, we’ve shivved a lot of terrible companies trying to pull a fast one on investors and, almost always, when we
We’re in the business of marketing companies to people who like to invest in stocks with a high risk/high reward mindset. Sometimes folks call us
About eighteen months ago, National Access Cannabis (META.V) emerged as part II of the Chuck Rifici master plan of Canadian weed v2.0 domination. His v1.0
If there’s anything good in the financial statements just posted by Namaste Technologies (N.V) – last thing on a Friday afternoon, naturally – it’s that
When a CEO of a public company wants to sell stock in his or her own company, there are several ways such a transaction can
Several months ago, Aphria (APHA.T) lost a good chunk of its worth when short sellers accused the company executive and board of (in a nutshell)
Peter Berdusco, CEO, President and Director of Guyana Goldstrike (GYA.V) and formerly boss of Nexus Gold (NXS.V) has a habit of making insider trades, as an
Two news releases wafted past me yesterday that caused me to dig deeper than the words written on the page. This sometimes happens out of
It’s time to end the charade. Canadian licensed cannabis producer Aphria (APHA.T) has long been considered one of the ‘big three’ in the North American scene,
There’s a common misconception – a few actually – that this site is one of the following: A pump and dump tool A short seller’s
The most anticipated weed IPO on the planet now has an official start date. The April 27, 2018 press release announced that The Green Organic
In this volatile, hot-boxed, block-chained environment – admitting that you are a “Gold Bug” is like confessing that your financial mentor is a Tarot card
On February 9, 2018, Boreal Metals (BMX.V) announced a definitive agreement to purchase the Guldgruvan cobalt project in Sweden, from EMX Royalty (EMX.NYSE). The Guldgruvan
On December 21, 2017 – after Leonovus (LTV.V) announced plans for an initial coin offering (ICO) – 300,000 shares exchanged hands in the first 7
At a dinner party this week in a suburb of Los Angeles (Altadena), the following conversation took place: Q: It is a good time to
When I walk into a boardroom these days, and I’ve walked into more than the janitors do, there’s a new scent in the air. Gone
Queue the LL Cool J: Don’t call it a comeback, they’ve been here for years. Well, two. You have probably seen their ads in the
Over the last few days, I’ve dived into a bunch of newer platforms for investors to mess about. I went on Twitch and watched guys
Today marks the end of the first week of Equity Guru’s legit existence, and it’s been a beauty. First, we’ve signed enough sponsor deals to
