Category: Parry
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If the cannabis industry is desperate for capital, time to bet on the guys with capital
With a little over and hour left in the year 2019, past 10PM on December 31, I saw a news release from James E. Wagner Cultivation (JWCA.V) about a small $2 million loan they’d taken out. The timing of the announcement of their loan was surely not coincidental. Actually, thinking about it, ‘payday loan’ might…
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1933 Industries (TGIF.C) blows up, jumps 35% preceding California harvest announcement
You’ve gotta love it when a plan comes together: 1933 Industries (TGIF.C), which has been banging the same ‘we’re grownups, we’re doing it right, hang tight’ drum for several years now, dropped news this February 14 that will make any Valentine’s heart swell with joy. “Following the completion of a combined 20,000-square-foot expanded cultivation, extraction,…
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Fire in the hole: Supreme Cannabis (FIRE.T) drops rough financials as expected, transition afoot
Ontario-based Supreme Cannabis (FIRE.T) released its Q2 2020 financials today and there were few surprises contained in its pages, bar perhaps the size of the quarterly loss. At a $17.3 million net loss after taxes (and a $10.4 million loss in adjusted EBITDA terms), FIRE shares fell in value below the $0.40 mark it’s been…
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Aurora Cannabis (ACB.T) drops financials, shows declines all over while spending heavy on execs
The quarterly financials news release just put out by Aurora Cannabis (ACB.T) isn’t exactly hype. It reflects a company coming to grips with the fact that it planned for a market that hasn’t emerged, that it has been one of the slowest to figure that out, and that there’s pain to come. “Despite delivering modest…
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![Hold your FIRE: Supreme Cannabis (FIRE.T) lays off staff in bid for balance sheet superiority]()
Hold your FIRE: Supreme Cannabis (FIRE.T) lays off staff in bid for balance sheet superiority
Large Canadian cannabis licensed producer Supreme Cannabis (FIRE.T) told the markets they’re laying off around 30% of their staff today, days before their next quarterly financials are released and with the dust still settling after their recent CEO change. To the casual observer, this might appear to be a sign of desperation, that the sky…
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AMPD Ventures (AMPD.C) high performance computing power attracts Artificial Intelligence contract
AMPD Ventures (AMPD.C), which recently topped up its bank account to bring in more sales folks, announced some sales today, with a news release pointing to a new contract with an artificial intelligence company. AMPD Ventures Inc. has signed a deal with Variational AI Inc. to supply machine-learning infrastructure hosted at AMPD’s DC1 sustainable data…
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Aurora Cannabis (ACB.T) dumps founding CEO Terry Booth as $1 billion in assets and goodwill to be written off
Alberta-based Aurora Cannabis (ACB.T) took a long trade halt today as it prepared to announce what the online rumour mill had been surmising all day – that the founding CEO of the company, Terry Booth, was out. $acb trading halt 10 minutes ago… hmmm I wonder if Terry is out ♂️ — Jason Spatafora (@WolfOfWeedST)…
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Nano One Materials (NNO.V) raising money at $1.15 while stock runs to $1.45
BC-based battery metals developer Nano One Materials (NNO.V) has long been a favourite at Equity.Guru – in fact, it’s been the stock we’ve held longest out of all the companies we hold. That’s been a wise decision, as we’ve watched it roll from $0.50 a few years back to $1.15 more recently, but the one…
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OMG! Tesla (TSLA.Q) to the moon! Wait, what just happened, OMG!
If you guys can’t spot a bubble by now, what day in February did you start trading exactly? Tesla (TSLA.Q) stock has been on a nutty run lately, climbing from the $200 range in October to $969 yesterday. Or, rather ‘..to $969, 15 minutes before the end of trading today.’
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Defense Metals (DEFN.C) to hit the gas on marketing after three-month triple
A year ago, if you’d told me a rare earths explorer was going to be a three-bagger through tax loss season, I’d have called you a madman, taken away your belt and shoelaces, and called in Social Services to make sure you weren’t a threat to yourself and others. And yet, here we are, with…
