Category: Parry
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Canopy Growth (WEED.T) financials are catastrophic, $74m loss, $32m in returned product/writedowns
Listen up, true believers – Canopy Growth Corp (WEED.T) will not be rewarding your love any time soon. This isn’t news, obviously. We’ve told you this several times. Hell, your CEO told you the company would need at least three years to fly right. And yet, even after the company released financials today that showed…
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![Draganfly (DFLY.C) drone innovator nabs former US govt official as director]()
Draganfly (DFLY.C) drone innovator nabs former US govt official as director
This morning, a North American drone company that has decades of experience in the business announced word that a former White House Chief of Staff will be joining its board. This is a big deal, because though drones have been a hot and cold market sector for years, right here, right now, is when the…
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MedMen (MMEN.C) yearly loss was $1m more than Supreme Cannabis’ (FIRE.T) entire market cap
“Fiscal 2019 was a transformative year for Medmen, with over two million completed retail transactions to date and revenues increasing 227% year-over-year,” said Adam Bierman, Medmen co-founder and chief executive officer in a news release that should see the company gutted on the markets Tuesday. Despite Bierman’s attempts at turd polishing, you don’t have to…
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![Tinley Beverage (TNY.C) adds non-cannabis SKUs as part of 150 store deal]()
Tinley Beverage (TNY.C) adds non-cannabis SKUs as part of 150 store deal
A while back – quite a while back, if we’re honest, Tinley Beverage (TNY.C) boss Jeff Maser had a big decision to make that would take his company in a specific direction from that point forward. He could choose to ride or die – which would mean making hemp/cannabis drinks through third party facilities and…
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Golden Leaf (GLH.C) hires an HR officer, which makes sense after hiring four CEOs this year
Of all the stupid, tin-eared, extended news releases I’ve seen posted on a Monday morning, I’ve rarely seen one as stupid, tin-eared and extended as that sent out by Golden Leaf Holdings (GLH.C) this morning. The big news out of a company whose share price has collapsed to a low it may soon be mathematically…
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New listing: Isracann (IPOT.C): 230k sq ft of weed from Israel? Yes we cann
As a general rule, I’m against any company with ‘cann’ or ‘canna’ in its title. You could make a drinking game out of reading the names of cannabis companies and taking a slug of tequila whenever you hit a canna, and you’d be drunktank-ready inside 25 syllables. But I’m going to give a pass to…
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![GTEC Holdings (GTEC.C) playing it tight as cannabis financing dries up across sector]()
GTEC Holdings (GTEC.C) playing it tight as cannabis financing dries up across sector
For the last few years, if cannabis companies wanted money, there was a long line of folks happy to oblige. More recently, those financiers have dried up, causing raise-addicted cannabis pubco execs to reach for their ‘balance sheets for dummies’ text books and have urgent meetings with accountants regarding how they stay alive. GTEC Holdings…
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Deals being reversed across the board as weed companies discover fiscal responsibility
Sometimes a deal broken is a good deal for shareholders, especially if you give a red rat’s behind about your favourite company having enough money to survive the year. Lately, we’re seeing a lot of deals that, at one time, were announced with much fanfare, being quietly dropkicked off the bridge as once high flying…
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E-Sports ETFs are terrible and not really about e-sports, but what is?
Zynga (ZNGA.Q), the mobile video game developer, is a terrible investment. The sort of large company that only stays large because it’s large to begin with, thereby attracting dumb investment from institutional folks who buy the things they see mentioned on CNBC, Zynga made US$280 million in revenues last quarter, dropping a net loss of…
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Navigating the cannapocalypse through value picks: Don’t be swayed by optimists or cynics
Yesterday, weed stocks were generally green. The day before too. This brought about a load of folks on social media talking about how ‘cannabis is back!’ and ‘the bear market is over!’ Ugh. Seriously, you guys. It’s not over. Not by a long shot. Currently, Canopy Growth Corp (WEED.T), the big bellwether of the cannabis…
