Category: Cannabis
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Reading between the lines: Nutritional High’s (EAT.C) misplaced weed, and 1933’s (TGIF.C) respectable loss
Back in mid-2018, when everyone was talking about how MedMen (MMEN.C) was going to be the biggest weed debut ever, one of my guys looked at their listing docs, specifically under the section relating to executive compensation. What they found was egregious; the founders had all the shareholder votes, giant compensation packages, insane retention bonuses,…
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Why is TGOD.T CEO Brian Athaide buying shares on the open market?
Bag-holders bitch loudly when a CEO unwinds a position in the company he or she is managing. Yes, the optics suck. But it’s really none of our business what insiders do with their shares. “Bruce Linton [the recently fired CEO of Canopy Growth] has exercised the stock options he’s been sitting on for years, acquiring…
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Canopy (WEED.T) CEO termination letter reeks of weak Mexican beer
The king is dead. Long live the king. On July 2, 2019 Canopy Growth (WEED.T) announced that its long-time co-CEO Bruce Linton will “step down” from all positions and responsibility at the company. The strangely worded release advised shareholders that “Bruce Linton announced that Bruce will step down as co-CEO and Canopy Board member.” Mark…
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Relevium (RLV.V) CEO lashes out against Equity.Guru in news release, ‘Streisands’ his own failings
The Streisand Effect is defined by Wikipedia as, “a phenomenon whereby an attempt to hide, remove, or censor a piece of information has the unintended consequence of publicizing the information more widely, usually facilitated by the Internet.” At Equity.Guru, we know about the Streisand Effect. We saw it in action when MedMen threatened to sue…
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Marijuana Update: Ravenquest (RQB.V), CROP (CROP.C), Lifestyle Delivery Systems (LDS.C), iAnthus (IAN.C), and trust
The ability to trust the people you put your money into is of utmost importance. ‘Management’ is oft cited as one of the pillars of a company’s success, but management in this instance could also be defined as ‘trust’. If I asked to borrow money from you in the street, your ability to trust me…
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Relevium (RLV.V) hit by OTC promo request, reveals worst disclosure ever
We’re in the business of marketing companies to people who like to invest in stocks with a high risk/high reward mindset. Sometimes folks call us ‘pump and dumpers’, usually if they haven’t read our work, but we ultimately only write what we believe to be true and we have a track record of writing negative…
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Cannabis corner: Chemesis (CSI.C) signs $6M deal, Khiron (KHRN.V) eyes greater EU-LatAm trade and iAnthus (IAN.C) deepens Florida roots
Chemesis International (CSI.C) subsidiary, Natural Ventures, has signed a three year, USD$6M minimum purchase agreement with PR ONE, a medical cannabis company based in Puerto Rico. Over the deal’s three-year lifespan, PR ONE has signed on to purchase a minimum of $300,000 of cannabis infused products and a minimum of $200,000 of flower monthly from Chemesis’…
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TransCanna (TCAN.C) and Lifestyle Delivery (LDS.C) plan to get married
When two people live on the same street, speak the same language, are in the same business and share the same lineage, it’s no surprise when they decide to hitch their wagons. So it is, with TransCanna (TCAN.C) and Lifestyle Delivery Systems (LDS.C) who, on June 29, 2019 entered into an exclusive agreement “to negotiate…
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Marijuana update: Speakeasy shuffle, Sproutly looming, Canopy CEO sell-off
Was just looking at a bunch of news releases, trying to figure out which to cover when I remembered, ‘didn’t you just use to do all of them?’ Why yes, self, I did. So let’s give ‘er to everyone, just like the old days. NOTHING EASY AT SPEAKEASY (EASY.C) I’ve had several nice discussions with…
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![Canopy Growth (CGC.NYSE) is losing $41 per second – does that matter?]()
Canopy Growth (CGC.NYSE) is losing $41 per second – does that matter?
Canopy Growth’s (CGC.NYSE) Q4, 2019 results reported a net loss of $323 million Canadian dollars. That’s $41 loss per second. $2,500 per minute. $150,000 per hour. $3.6 million dollars a day. By any reasonable measure, that’s heavy bleeding. Yes – cannabis is a frontier market. It’s so new, it’s still bathed in amniotic fluid. Eighteen…
