Category: Cannabis
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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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Kushco Holdings’ (KSHB.Q) gets 37% down with the sickness because of trash financing, right?
Kushco Holdings (KSHB.Q) saw its stock drop 37% today, and although nobody knows why for certain, it’s clear there’s a sickness here somewhere. To set the scene, Kushco Holdings is cannabis-related company, and they just announced a new financing. Normally, there’s nothing spectacular about that (for better or worse) but the story goes deeper. Kushco…
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![Gaia Grow (GAIA.V): Hemp grown right, business run right, market cap insane]()
Gaia Grow (GAIA.V): Hemp grown right, business run right, market cap insane
I have to admit, the cannabis markets right now are pretty awful. That’s no newsflash, it’s happened before, but usually there’s a distraction sector around where, when the weed stocks are resting, one can shoot their money to for alt profits. Think blockchain, crypto, cobalt, lithium… Right now, a lot of investors aren’t diverting their…
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![CBD Investor Alert: antelopes, hail and disease are destroying hemp crops]()
CBD Investor Alert: antelopes, hail and disease are destroying hemp crops
Investor Alert: Buying shares in a “vertically integrated hemp company” means that you are now in the farming business, subject to the whims of Mother Nature. Recent events in Nevada, Hawaii and Oregon, remind us what a bitch she can be. Hemp – and its expensive derivative CBD – has moved from health fad, to…
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CIBC’s (CM.T) cannabis coverage: is this Canadian bank a hot mess?
The Canadian Imperial Bank of Commerce CIBC (CM.T) – a $48 billion company with 11 million clients and 40,000 employees – just released a statement declaring that other cannabis industry analysts are lying or deluded about how much weed it is going to sell in the next two years. “Sales estimates for the legal cannabis…
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![Equity.Guru podcast: Andrea Dobbs – a Vancouver rec weed-seller spills the beans]()
Equity.Guru podcast: Andrea Dobbs – a Vancouver rec weed-seller spills the beans
In 2014, Andrea Dobbs walked into a Vancouver cannabis dispensary and tried to talk to a 21-year-old male “budtender” about treating her peri-menopausal symptoms. The conversation was not illuminating. She saw a business opportunity. A year later, Dobbs opened a retail cannabis store in Kitsilano, catering to people…like her. The Village Bloomery offered “a boutique…
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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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Plus Products (PLUS.C) partners with a Legend
“John Legend is getting into the cannabis business with a new brand partnership with San Mateo-based Plus Products” stated The Hollywood Reporter on September 17, 2019, “As an investor, the EGOT winner will advocate for the company’s new hemp CBD products, which launch nationwide on Tuesday. Being an “EGOT winner” is a reminder that God…
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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…
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![Ontario Cannabis Czar “retires” just before financial shit-show hits fan]()
Ontario Cannabis Czar “retires” just before financial shit-show hits fan
The head of Ontario’s government cannabis agency, Patrick Ford, strategically retired just days prior to the revelation that the agency lost an astonishing $42 million on $64 million revenue this fiscal year. The “Ontario Cannabis Store” (OCS) oversees the provinces’ online and retail cannabis outlets. Ontario’s consolidated financial statements show the OCS racked up expenses…
