Category: Growing
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![WestLeaf (WL.V) a perfect robber baron target: Cheap, steady, and turning the corner]()
WestLeaf (WL.V) a perfect robber baron target: Cheap, steady, and turning the corner
When a gentleman or mademoiselle makes a decision to honour the dark arts of predatory investing, occasions such as these times, when the black clouds of doom envelope the otherwise pleasant meadow that is the public markets, require one to seek out not the healthiest of companies, for they have already ascended to the heavens.…
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![CannTrust (TRST.T) burns $77 million of illegal weed]()
CannTrust (TRST.T) burns $77 million of illegal weed
While Canadian investors digested their Thanksgiving turkey, CannTrust (TRST.T) announced that it has “destroyed approximately $12 million of biological assets and approximately $65 million worth of inventory that was not authorized by CannTrust’s licence,” bring the total value of the torched product to $77 million”. Although the Toronto Stock Exchange was closed for the Canadian…
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![GTEC Holdings (GTEC.C) playing it tight as cannabis financing dries up across sector]()
GTEC Holdings (GTEC.C) playing it tight as cannabis financing dries up across sector
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. GTEC Holdings…
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Deals being reversed across the board as weed companies discover fiscal responsibility
Sometimes a deal broken is a good deal for shareholders, especially if you give a red rat’s behind about your favourite company having enough money to survive the year. Lately, we’re seeing a lot of deals that, at one time, were announced with much fanfare, being quietly dropkicked off the bridge as once high flying…
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![Pasha Brands (CRFT.C) expands its galaxy of craft cannabis brands]()
Pasha Brands (CRFT.C) expands its galaxy of craft cannabis brands
The stock market assigns no intrinsic value to the “small beautifully-constructed thing”. You run an innovative music school? You build yurts out of corrugated cardboard? You grow the world’s best marijuana? Who gives a shit? How can we scale it? Clone its DNA? License the IP? Move the factory to Bangladesh? Stock markets are cold…
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Navigating the cannapocalypse through value picks: Don’t be swayed by optimists or cynics
Yesterday, weed stocks were generally green. The day before too. This brought about a load of folks on social media talking about how ‘cannabis is back!’ and ‘the bear market is over!’ Ugh. Seriously, you guys. It’s not over. Not by a long shot. Currently, Canopy Growth Corp (WEED.T), the big bellwether of the cannabis…
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![1933 Industries (TGIF.C) is flowering in the mother of all cannabis markets]()
1933 Industries (TGIF.C) is flowering in the mother of all cannabis markets
Growing cannabis in Nevada is like brewing beer in Labrador. There is a ravenous local market for the product. Cannabis demand in Nevada is powered by the state’s 46 million annual tourists. Some tourists may come to visit the Nevada Museum of Art – but many come to party their asses off. The first year…
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![U.S. cannabis companies to open bank accounts – just like 5-year-old children!]()
U.S. cannabis companies to open bank accounts – just like 5-year-old children!
In most U.S. states children can open bank accounts with parental consent, though the little tykes must pay federal taxes if they book more than $2,100 in interest income. “In a landmark first step toward normalization of the cannabis industry, the House of Representatives voted overwhelmingly (321-103) Wednesday to pass the SAFE Banking Act,” reported…
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Aurora Cannabis (ACB.NYSE) shareholders are true winners
“Show me a good loser, and I’ll show you a loser,” stated Vincent Lombardi (1913-1970), head coach of the NFL team, the Green Bay Packers. Inverting this logic, bad losers must be winners. Which means Aurora Cannabis (ACB.NYSE) shareholders are the biggest winners in the world. Because they are extremely ungracious in defeat. “Aurora is…
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CannTrust (TRST.T) cannabis sales license suspended by Health Canada, and the clock is ticking
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. When TRST stock was…
