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.
The Tinley Beverage Company (TNY.C) has signed a distribution deal with Great North Distributors to spread Tinley’s cannabis beverages across Canada.
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 moment: A member of The Cannalysts running through endless rows of hydroponic equipment, jubilant and laughing both at the facility’s enormity and, presumably, the thought of what was soon to come.
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 to survive the year. Lately, we’re seeing a lot of deals that, at one time, were announced with much fanfare, being quietly dropkicked off the bridge as once high flying companies realize they need to make more than they spend.
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 back!’ and ‘the bear market is over!’
In late August, Jim Cramer, host of CNBC’s Mad Money program, said he believes Cronos Group (CRON.C), and Aphria (APHA.T) are better investments than Canopy Growth (WEED.T).
ParcelPal (PKG.C) hooks up with Aphria (APHA.T) and MADD Canada for home deliveries in Calgary, Alberta
ParcelPal (PKG.C), Aphria (APHA.T) and Mothers Against Drunk Driving (MADD) Canada have linked up to deliver medical cannabis throughout Calgary in an effort to keep inebriated drivers off the road.
SOL Global (SOL.C) is back on the market, with shares coming off halt in anticipation of the company’s name change to Bluma Wellness.
Just 48 hrs after I posted my ‘can we get some freaking adults into this weed space‘ screed, Aphria (APHA.T) has responded with a quarterly profit.
Since I’ve known and been covering former Supreme Cannabis (FIRE.T) CEO and current President John Fowler, I’ve referred to him as the T-1000.
Cannabis investors are a different breed. They’re amped way higher on positivity, cynicism, self belief, and sorrow, prone to the sort of mania that baseball card, Cabbage Patch Kid, and tulip enthusiasts know in their plums.