Category: Cannabis
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![OTC moves Access-Power (ACCR.OTC) off grey sheets, unwittingly makes mentally suspect CEO a millionaire]()
OTC moves Access-Power (ACCR.OTC) off grey sheets, unwittingly makes mentally suspect CEO a millionaire
The penny stock game is often derided by men of letters as being a wild west scenario, a ‘cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs.’ Reportedly, there’s also a negative side. Though Canadian microcap companies are oft-derided for being pump and dumps…
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Golden Leaf (GLH.C) hires an HR officer, which makes sense after hiring four CEOs this year
Of all the stupid, tin-eared, extended news releases I’ve seen posted on a Monday morning, I’ve rarely seen one as stupid, tin-eared and extended as that sent out by Golden Leaf Holdings (GLH.C) this morning. The big news out of a company whose share price has collapsed to a low it may soon be mathematically…
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New listing: Isracann (IPOT.C): 230k sq ft of weed from Israel? Yes we cann
As a general rule, I’m against any company with ‘cann’ or ‘canna’ in its title. You could make a drinking game out of reading the names of cannabis companies and taking a slug of tequila whenever you hit a canna, and you’d be drunktank-ready inside 25 syllables. But I’m going to give a pass to…
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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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Pivot Pharma (PVOT.C): can a new CEO turn a cannabis science co. into a profit machine?
Perusing Pivot Pharmaceuticals’ (PVOT.C) website you might think you’ve stumbled onto Pfizer’s (PFE.NYSE) “Proprietary IP” link. “RTIC infused substrates”? “Supercritical extraction”? “Phospholipid bilayers”? Anyone? In fact, if you strip away the tech-talk – Pivot’s business model is not that hard to wrap your head around. Pivot is a “science-based medical wellness company” that has developed…
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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…
