Category: Cannabis
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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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![Namaste (N.V) puts adult in room: stock surges as “Man Bun Era” ends]()
Namaste (N.V) puts adult in room: stock surges as “Man Bun Era” ends
The “man-bun era” is now officially dead. Namaste’s (N.V) April 25, 2019’s 2,050-word press release contains no mention of its enigmatic founder, Sean Dollinger. On a personal level, that seems ungrateful. Sure, he talked a lot of shit, and did a lot of crazy things – but without Dollinger, there is no Namaste. On a…
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![MedMen (MMEN.C) Q3, 2019 revenues and a devastating Rolling Stone article]()
MedMen (MMEN.C) Q3, 2019 revenues and a devastating Rolling Stone article
It’s true: we do enjoy kicking MedMen (MMEN.C) around. Why do we dislike this grotesquely unprofitable company so intensely? Because Adam Bierman (CEO) and Andrew Modlin (President) are greedy. Not – “I-fly-1st-class-and-pay-my-workers-minimum-wage” greedy. Not – “I-cheat-on-my-taxes” greedy. Not – “I’m-unloading-cheap-paper-through-a-numbered-company” greedy. Crazy, almost psychopathically greedy. We dislike them for the same reason we dislike Namaste’s…
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Market extracts pure joy from merger of Quadron (QCC.C) and World Class (PUMP.C)
Like Romeo & Juliet, like Justin & Hailey, like Pete Buttigieg & his adorable husband – Quadron Cannatech (QCC.C) and World Class Extractions (PUMP.C) were destined to be together. On April 16, 2019, the two companies announced that they have entered into an agreement to merge. Quadron’s core business is the design and production of…
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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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![Yield Growth (BOSS.C) enters China’s hemp market]()
Yield Growth (BOSS.C) enters China’s hemp market
On April 11, 2019 Yield Growth (BOSS.C) engaged Pontier Services to “set up Urban Juve hemp beauty products” for sale through China’s most popular messaging app, WeChat. “Yield Growth has developed a portfolio of cannabis-based “wellness formulas” – under the Urban Juve brand – with a dedicated range of skin and body care formulations.” If…
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Wildflower Brands (SUN.C) fires stock out of a cannon to be first movers in BC dispensary scene
You’ve got to hand it to Wildflower Brands (SUN.C) boss William Maclean, he’s a sucker for an opportunity. Back in the day, Wildflower’s origin story was they were going to grow weed on Vancouver Island. But the residents went all NIMBY, so he looked to Washington State. Then he locked in on vapes, then CBDs,…
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The HIKU crowd are getting the band back together: Stately is now a thing
There’s a really important graphic in the investor presentation from the guys behind Stately, who were previously the guys behind HIKU/Tokyo Smoke, and before that were the guys behind DOJA, and before that were the guys who started the premium underwear line, Saxx. DOJA wasn’t a big play. It was a nice little facility in…
