The investigation via special committee of CannTrust Holdings’ (TRST.C) non-compliance with Health Canada mandated regulations is ongoing, with further information regarding the committee’s membership now available.
The precedent has been set. When Ascent Industries (ASNT.C) lost its Canadian LP licensing over product that had allegedly found its way into the grey market, the regulators at Health Canada – rightly – didn’t hold back. They investigated publicly, loudly, and ultimately de-licensed the company, running the brains trust out of town on a rail.
Marijuana Update: Ravenquest (RQB.V), CROP (CROP.C), Lifestyle Delivery Systems (LDS.C), iAnthus (IAN.C), and trust
The ability to trust the people you put your money into is of utmost importance. ‘Management’ is oft cited as one of the pillars of a company’s success, but management in this instance could also be defined as ‘trust’.
The list of potential buyers was thick. When Ascent Industries (ASNT.C) opened the doors to offers for their recently delicensed Agrima BC cannabis facility and the rights to a nearby 600k sq ft vegetable greenhouse, few Canadian LPs had better things to do than make an offer.
This week has been a big one in the cannabis sector. In this edition of Equity.Guru’s cannabis roundup, we’ll be covering the latest news from Livewell (LVWL.V), TransCanna (TCAN.C), Ascent Industries, The Green Organic Dutchman (TGOD.T) and iAnthus (IAN.C).
People sometimes ask me for advice. The two questions I’m asked most are, ‘What stock is going up next’ and ‘Why should I listen to you?’
Everything is terrible and everyone is lying or stupid or both: All the reasons your weed bet is down
“As a rule, it is amazing how even the most corrupt people don’t think of themselves as corrupt. When I write about people who seem obviously villainous, and it’s obvious to a neutral reader that they’re villainous, they themselves don’t agree. It’s not like there’s a bunch of people in each sphere saying, I’m going to make a bunch of money being corrupt. What happens instead is people just follow incentives. There’s a pattern that leads people to either corrupt behaviours, or stupid behaviours. There’s some little carrot out there that they’re following, and they just don’t stop themselves. The run up to the financial crisis, whatever laws were broken – probably not enough laws were broken – it was really the case where a lot of stuff that happened that was awful, was perfectly legal.” — Michael Lewis, author of The Big Short, Moneyball, and Flash Boys
Ascent Industries (ASNT.C) has had a roller coaster year. It hit the public markets in August to great acclaim with industry pundits like Equity.Guru’s own Chris Parry bullish on its prospects to facing down license suspensions.
Germany’s growing medical marijuana market has been labelled the number one international business opportunity for Canadian cannabis companies.
There have always been rumours. Shrugs. Frowns. Long, drawn breaths. Admission that they were smart, hard working, but….
Canadian LPs rush to supply Germany’s constrained marijuana market (TGOD.T) (ASNT.T) (CXXI.C) (CROP.C)
Germany’s medical marijuana market is lucrative, and Canadian LPs want in. Thankfully, Germany also wants Canadian companies to show them what’s up.