Category: Dispensaries
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MedMen (MMEN.C): The Kings of Cannabis are dead but the stink remains
“In a sector rife with terrible CEOs that have wasted company treasury and goodwill…none come close to Bierman in terms of self enrichment, entitlement, and outward facing douchery,” wrote Chris Parry on January 31, 2020.
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![Shoppers Drug Mart (L.T) opens Toronto area same day delivery – and uses World Class Extractions (PUMP) to do it]()
Shoppers Drug Mart (L.T) opens Toronto area same day delivery – and uses World Class Extractions (PUMP) to do it
Loblaws’ (L.T) big ass 1300-store pharmacy chain, Shoppers Drug Mart, announced this morning they’re now offering same day delivery of medical cannabis products in the Greater Toronto Area. Delivery will be free for orders over $100, which is most orders. Big news: The Medical Cannabis by Shoppers team is pleased to announce the launch of…
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Vext Science (VEXT.C) gets lift off in Kentucky
“Our Kentucky partnership with Emerald Pointe provides VEXT with access to high quality hemp biomass,” confirms Vext CEO Eric Offenberger
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![Vext Science (VEXT.C) enters California market and records a COVID-19 era loss of only $1 million]()
Vext Science (VEXT.C) enters California market and records a COVID-19 era loss of only $1 million
If you stop and think about it, the fact that Vext Science (VEXT.C) only lost USD$1 million in Q1 of 2020 is fantastic. Today’s news, of their joint operation with Green Goblin Inc. of San Diego, California, for extraction, distillation and kitchen operations today is only of moderate importance. Granted, it’s the next natural step…
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![Vext Science (VEXT.C) seizes the opportunity in Arizona]()
Vext Science (VEXT.C) seizes the opportunity in Arizona
“Medical marijuana dispensary owners who opted to expand into the adult-use market largely would do so in their existing physical locations,” stated The Phoenix New Times, “adding new staff and providing separate sales counters for medical and retail customers.”
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Canopy Growth Corp (WEED.T) to detonate another $800m in assets in bid to find balance sheet harmony
There’s no doubt a lot of people invest in a sector by just plopping their dough behind whichever company is the biggest, or the one they’ve heard of most, without actually looking at the fundamentals of that company. This is as much a cemented belief for me as the belief that songs that get played…
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![The Good, the Bad & the Ugly; Trulieve Cannabis (TRUL.C), KushCo Holdings (KSHB.OTC) and Hexo (HEXO.NYSE) release financials]()
The Good, the Bad & the Ugly; Trulieve Cannabis (TRUL.C), KushCo Holdings (KSHB.OTC) and Hexo (HEXO.NYSE) release financials
“Borrowing money and expanding hard in competition with MedMen (MMEN.C) is a two-edged sword,” explained Equity Guru’s Chris Parry, “In a strong market, you’re building far more value than you’re borrowing but, in a down market, you’re under extra pressure to keep things together when debts come due.”
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iAnthus (IAN.C) defaults on debenture payments – but is that a weakness or a tactic?
Long time readers know, a year or two back, we wrote a lot about a US multi-state operator (MSO) in the cannabis dispensary space, iAnthus (IAN.C). We liked the company as it accelerated its dispensary acquisition program but stopped coverage in early 2019, with the shareprice in the $5 range, as it began to overpay…
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![Gaia Grow (GAIA.V) sells hemp, buys cannabis stores]()
Gaia Grow (GAIA.V) sells hemp, buys cannabis stores
The deal proposes that Gaia will acquire “all of the share capital of 1202465 B.C. (Nelson store) and Patriot Cannabis Brands (2 Powell River stores) from Blackhawk.
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![MedMen (MMEN.C) CEO Adam Bierman resigns but his pockets continue to fill]()
MedMen (MMEN.C) CEO Adam Bierman resigns but his pockets continue to fill
From the day it landed on the stock market, MedMen (MMEN.C) was a company that drew derision and ire based almost entirely on the decision of its founders to lather themselves in hefty bonuses, hoard most of the voting shares, offer themselves enriching golden parachutes, and put themselves above the shareholders and the long term…
