On January 22, 2020 Gaia Grow (GAIA.V) announced that “one of the largest hemp processors in Canada” has initiated a purchase order for “a truck load of biomass”.
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.
Gaia Grow Holdings’ (GAIA.V) specialist business model pans out as they successfully grow 1,494 acres of hemp from seed in the 2019 season.
Gaia Grow Corp. (GAIA.V) (formerly Spirit Bear Capital) announced that effective August 1, its shares will be trading on the TSX Venture Exchange. Gaia Grow has 200.2 million shares outstanding. A July, 2019 capital raise was completed at $0.10, bringing its market cap to $20.2 million (about 124.7 million, or approximately 62%, of outstanding shares are locked up in various escrow agreements). This company comes by way of a reverse takeover (RTO). Investors should review all applicable SEDAR filings and company press releases before investing in a RTO.