Category: Cannabis
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Canopy Growth (WEED.T) gives GTEC Holdings (GTEC.V) time extension to finance growhouse acquisition
Their share price has never reflected it, but boy howdy do GTEC Holdings (GTEC.C) manage to nail milestones. “We’re going to get a cultivation license!” Nailed it. “We’re going to get a processing license” Nailed it. “We’re going to get a sales license!” Nailed it. “We’re going to get another cultivation license!” Nailed it. By…
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Gaia Grow (GAIA.V): big hemp acreage, tiny market cap
Snap quiz: Name a hemp company with the following characteristics: Stumped? Meet Gaia Grow (GAIA.V) a little-known, new entry to the hemp space, with 1,494 acres growing in southern Alberta. If you believe in omens, GAIA received an early agricultural blessing when its first crop experienced warm intermittent rains, accelerating the growth rate of the…
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Most big LPs followed Canopy Growth’s (WEED.T) road to hell… Supreme (FIRE.T) is running the other way
Last week, after telling investors they weren’t going to release their quarterly financials until 8pm Eastern, Canopy Growth Corp (WEED.T) pulled a fast one and tossed them out early, likely expecting we weed investor types would be home asleep, stoned, trying to figure out which Indian joint could deliver a biryani to our laps,when their…
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GTEC Holdings (GTEC.C) puts Tumbleweed grow-op into production
On August 19, 2019 GTEC Holdings (GTEC.C) announced that its 100% owned Tumbleweed Farms has been granted a “Standard Cultivation, Processing and Medical Sales Licences, pursuant to the Cannabis Act and Regulations by Health Canada.” Tumbleweed is a purpose-built cultivation facility located in Chase, British Columbia – named after an American, Whitfield Chase, who worked…
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The Tinley Beverage Company’s (TNY.C) California distribution leaves 2018 woes in their rear-view mirror
The Tinley Beverage Company (TNY.C) has shipped more than $200,000 worth of products to California distributors’ facilities in June and July. This latest batch completes the long saga that began with a production stoppage in the dying months of 2018 when they were forced to hold back orders of their cannabis-infused non-alcoholic beverages for repackaging…
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Lexaria (LXX.C) recieves a…R&D license?
Earlier this week, a subsidiary of Lexaria Bioscience (LXX.C) received a R&D license from Health Canada, prompting the question, ‘we have those?’ “You were as surprised as we were,” said Alex Blanchard, communications manager for Lexaria. Lexaria isn’t your average grower. The company is much more of a tech-play, developing new delivery systems for nicotine, vitamins,…
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Maple Leaf Green World (MGW.E) couldn’t afford a 2010 Jeep Wrangler according to latest financials
Maple Leaf Green World (MGW.E) has just posted its latest financials for Q2 2019, showing a drastic decrease in cash assets and a looming equity deficit sure to concern investors. The company reported cash and cash equivalents totaling $16,920, a significant decrease from the $109,000 in cash Maple Leaf reported at the end of Q1 2019…
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Vapen MJ (VAPN.C) – cannabis still a better biz than clothing (GOOS.T) (ANF.NYSE) (AEO.NYSE) (M.NYSE)
The fluorescent red kelp you see floating in today’s ocean of rouge (DJIA -774 points) is the plummeting share price of big-cap clothing companies. Shares of Canada Goose (GOOS.T) Abercrombie & Fitch (ANF.NYSE), American Eagle (AEO.NYSE) and Macy’s (M.NYSE) all tanked, shedding a combined $1.6 billion in market cap. Canada Goose warned shareholders about slowing…
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Tilray (TLRY.Q), TGOD, Acreage (ACRG.U) post awful Q2 financials, but who doesn’t? Canadian system is built to underperform
We’re in the middle of financial season, and that’s proving to be a real rollercoaster. Among companies releasing financials today, Acreage Holdings (ACRG.U), Flower One Holdings (FONE.C), Green Organic Dutchman (TGOD.T) and Tilray. Tomorrow is Aleafia (ALEF.C), the hideous CannTrust (TRST.T), Charlotte’s Web (CWEB.T), Neptune Wellness (NEPT.T), Trulieve (TRUL.C), and the monster that is Canopy…