Happy Thanksgiving to our readers in the United States! The markets were closed in the US today, so there’s no major news coming in from Wall Street. Here in Canada, here’s what caught our eye:
There must be something in the air this IPO season, because Ultimate Fighting Championship (UFC) parent company Endeavor Group Holdings joins the ranks of WeWork, Lyft (LYFT.Q), Uber (UBER.NYSE) and Peloton Interactive (PTON.Q) as companies that have either stalled their IPO, cancelled it outright, or tanked badly shortly after.
Hemptown Organics is unique in the legalized cannabis sector as the company remained under the public market radar until its operations were actually operational.
That’s a pretty salesy headline, huh? I mean, I couldn’t have given a higher five to a company in an ultra competitive space with billions in valuations flying around the world than to say, ‘this is the future.’
TransCanna Holdings (TCAN.C), a Canada-based firm which provides transportation and distribution services to a variety of industries including cannabis, made its debut on the CSE on Jan. 9, 2018.
Last week, the Green Organic Dutchman (TGOD.T) gave the market a look at their second quarterly earnings release since having gone public in May. The release highlighted the company’s capital raising success and their ongoing buildout. The company is using strategic acquisitions and partnerships to form a strategy for international expansion.
First thing people started asking me this morning, while I was still wiping my eyes and finishing my chai late, was: “EEK! TGOD is running a $25m bought deal! The stock is down! What does this all mean? What if it starts going backwards now as people sell their stock to buy into the financing?”
Equity Guru has a good track record of identifying trends just before they get hot (weed, blockchain, cobalt) – and also alerting our readers when to “take profits off the table.”
It’s not always an indicator of future glory, but the upcoming IPO landing of cannabis growing/processing/products play The Green Organic Dutchman (TGOD.T) is generating enough buzz that it would appear competitors are seeing their shareholders cash out of their stocks in preparation for it landing May 2.
Beijing, China – Yesterday I had lunch with a 28-year-old electrical engineer named Xiao Jian in the Xidan Commercial District in central Beijing.
There are a few times in life when the world lets you know exactly what it thinks of you. You’re hot. You’re not. You suck. You don’t. No qualifications, no excuses, no counter-narratives.