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.
When a stock that couldn’t get arrested for most of the last year suddenly nearly doubles in a single day, you’d expect to find some sort of paper trail that would point to why.
Naturally Splendid (NSP.V) puts off chaotic cannabis 2.0 for now to focus on nutritional bars and bites
If you’re anything like Naturally Splendid (NSP.V) then you’re not exactly enthusiastic about the cannabis 2.0 market’s chances, and you’re also fairly smart. So congrats on both of those.
New Experion (EXP.V) CEO lays out the real definition of cannabis 2.0… cost controls and common sense
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.
50 years I’ve been bumbling around this planet, and the best damn weekend I’ve had on it to date occurred recently, under the influence of mushrooms.
Dionymed (DYME.C) gives investors a checklist for disaster, and Invictus (GENE.V) is ticking a lot of boxes
Dionymed Brands (DYME.C) is – sorry, was – the low hanging fruit of the cannabis bubble burst. It was always a goner for anyone who looked hard enough, but in a market where aspiration was rewarded more than perspiration, Dionymed sent out all the right news releases to keep the joke going longer than it should.
Bond Sales Reach Record Highs With central banks cutting rates and yields dropping, investors have fled to other alternatives, primarily corporate bonds to get returns.
Pivot Pharmaceuticals (PVOT.C) launched its manufacturing facility in Dollard-des-Ormeaux, Quebec, today.
Aramco IPO Oil giant Aramco is gearing up for a valuation between $1.6 – $1.7 trillion for its initial public offering. While this is short of the initial $2 trillion mark the crown prince hoped for, it still boasts the world’s largest IPO offering.
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 dried up, causing raise-addicted cannabis pubco execs to reach for their ‘balance sheets for dummies’ text books and have urgent meetings with accountants regarding how they stay alive.
I have to admit, the cannabis markets right now are pretty awful. That’s no newsflash, it’s happened before, but usually there’s a distraction sector around where, when the weed stocks are resting, one can shoot their money to for alt profits.
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 many had long assumed was coming, when they suspended CannTrust’s (TRST.T) license to sell and process cannabis in the wake of ongoing allegations of illegal behaviour.