Category: Growing
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![1933 Industries (TGIF.C): how to raise money without stock dilution]()
1933 Industries (TGIF.C): how to raise money without stock dilution
Publicly-traded cannabis companies that are not run by nutbars, piglets or hype-merchants, currently have good access to capital. If you’re selling weed, hemp or vape pens – it’s just not that hard to find institutional money. A fast-growing cannabis company like 1933 Industries (TGIF.C) with 2018 revenues of $12.6 million – can snap its fingers…
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Supreme Cannabis (FIRE.T): Enough screwing around, you guys, get behind quality
The old junior markets rule #1 is ‘buy rumour, sell the news’, and no company I’ve ever seen illustrates this in practice more than Supreme Cannabis (FIRE.T). For several years now, whenever it tiptoes upwards in share price, a news event happens and shareholders sell off. It happens like clockwork, and it’s infuriating. Don’t get…
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Pasha Brands (CRFT.C) takes a contrarian weed grow approach: Smaller, but plentiful
Ask anyone who has more experience growing cannabis than a sophomore college student whether they’d be keen to grow a million square feet of weed, and they’d likely point out the problems inherent in such a task. Automation is nice. Hordes of newly trained staff are fine. Hooking up to a nuclear power station and…
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Shell Game: How Wayland Group (WAYL.C) built a paper empire and the loan that may drag it under
PROLOGUE: Cannabis companies, as we know them in our minds, rarely exist. Oh sure, some have buildings and staff, some grow things and others might even have a license. But even those with big buildouts and massive market caps are, for the most part, a promise of what’s to come, maybe, some time, kinda. But…
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![When Big Plans Fail: Sunniva (SNN.C) bails on Okanagan cultivation facility]()
When Big Plans Fail: Sunniva (SNN.C) bails on Okanagan cultivation facility
Buried in Sunniva’s (SNN.C) April 29, 2019 “strategic update” was the news that “current development plans for the Sunniva Canada Campus in Okanagan Falls, BC have been suspended. As a result, the supply agreement with Canopy Growth Corporation will not proceed.” In the following three days, SNN shed about $40 million in market cap. Luckily…
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We told you so: Aphria (APHA.T) and Green Growth Brands (GGB) terminate bullshit takeover bid
In the days earlier this year, when it became clear from a short seller report that Aphria (APHA.T) had bought into foreign assets that were largely ‘early stage’ if you were being charitable, and ‘fake’ if you weren’t, the company went through four stages of denial. The takeover bid was bullshit from the outset, a…
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Aphria (APHA.T) puts out financial results, falls on face, walks into pole
Well, I guess we were right, huh? Big Canadian cannabis producer Aphria (APHA.T), fresh off a scandal involving allegations from the short sellers the company was overpaying for garbage assets their top execs part owned, released their first financials today since the scandal broke. It was so unpretty, interested observers had to get through the…
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![Isracann Biosciences (IPOT.C): The TGOD of Israel gathers a large early retail investor base]()
Isracann Biosciences (IPOT.C): The TGOD of Israel gathers a large early retail investor base
A few days ago, I published a story about our friends from HIKU/Tokyo Smoke/Doja/Saxx who, having exited from their last company with a $400m+ acquisition by Canopy Growth Corp (WEED.T), were quietly gathering investors for their next deal, Stately. That deal had closed quickly, with way more money looking to get in than they had…
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Sproutly (SPR.C) doubles on revelations of beverage partner negotiations/license granting
Oh, how you laughed. “Sproutly?” you exclaimed. “A cannabis beverage company? Right. Okay. Sure.” Then you chuckled as you turned your back. Who’s laughing today? Sproutly (SPRT.C) has sat churning since late November, down a half from where it opened its life on the Canadian public markets, with no amount of news about good people…
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Cresco Labs’ (CL.C) no-premium acquisition offer of Origin House (OH.C) is… alright
This morning, Chicago-based Cresco Labs (CL.C) announced it would be acquiring Origin House (OH.C) (formerly CannaRoyalty) in an all-stock deal worth CAN$1.1 billion. The offer comes in at CAN$12.68 per Origin House share. Origin House closed Friday at $12.05, which leaves the premium on the deal being less than amazing. In fact, the stock has…
