Category: News Summary
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Zefiro Methane (ZEFI.E) has three ways to get paid taking over orphaned oil wells
Imagine, if you will. someone came to you with a request to borrow some money for a business. The money would be used to buy an old, end-of-life oil well. A sputtering little hole in the ground that’s not producing much and, to be honest, is more gas than gasoline. “Why would you want to…
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![Tempus Resources (TMRR.V) rolls grenade into the room and leaves the country]()
Tempus Resources (TMRR.V) rolls grenade into the room and leaves the country
Just days after Tempus Resources (TMRR.V, though not for much longer) dropped a middling resource update and ‘big news’ that they were extending the option on a lithium property, CEO Jason Bahnsen has announced not only is he not closing that deal after all, but his company is abandoning the Canadian markets altogether and disappearing…
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Psychedelic Weekly Roundup with MNMD.Q, MSET.C, MYND.C, MEDI.NE, AWKN.NE, SILO, MCUR.C, NOVA.C, TRYP.C, TPIA, NEON.C
Another busy week in the psychedelic sector, with many smaller companies not always covered here at Equity Guru making news. Let’s start with the biggest players though. Mind Medicine (MNMD.Q, MMED.NE) MindMed announced that they have agreed to partner with Forian (FORA.Q), who provide evidence-based support for clinical and commercial decision making. Forian and MindMed will collaborate to…
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![Psyched for this weeks news from CYBN.NE, PSYC.C, MNMD.Q, MSET.C, FTRP.Q, MYCO.NE, RVV.C, FH.NE, CMND.C, ATAI.Q]()
Psyched for this weeks news from CYBN.NE, PSYC.C, MNMD.Q, MSET.C, FTRP.Q, MYCO.NE, RVV.C, FH.NE, CMND.C, ATAI.Q
This week, news from the psychedelic sector has been dominated by patent applications and earnings being released. Here’s the run down of this week’s news. Cybin (CYBN.NE) It’s been a busy week for Cybin. Last week, after market close, they released their financials for the quarter ending on June 30, 2021, which showed they had…
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![Long and Short (Ep 2): The rate cut and what it means]()
Long and Short (Ep 2): The rate cut and what it means
For the first time since 2008, the Fed cut rates by 25 basis points to boost economic growth. In a perfect world, a lower cost of borrowing would’ve made the market soar. But stocks fell yesterday, and they fell today. It’s complicated. Let’s get into it: Interest rates and the economy The interest rates set…
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![Hot grill summer: Is Beyond Meat (BYND.Q) a Tilray (TLRY.Q) in the making?]()
Hot grill summer: Is Beyond Meat (BYND.Q) a Tilray (TLRY.Q) in the making?
Beyond Meat (BYND.Q), the vegan burger maker we all know and love, has partnered with Dunkin’ Brands’ Group (DNKN.Q) to add its plant-based sausages to Dunkin’ Donuts menus in Manhattan, but the plant-fed party may be coming to a close come October. The Beyond Sausage Breakfast Sandwich is just BYND’s latest offering. Despite only going public in…
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What the FDA thinks of Curaleaf (CURA.C), the ‘world’s largest cannabis co.’
On July 22, 2019, the U.S. Food and Drug Administration (FDA) sent a warning letter to Curaleaf Holdings (CURA.C) via overnight delivery. The message was plain: Four of the company’s CBD-infused products are “in violation of sections 505(a) and 301(d) of the Federal Food, Drug, and Cosmetic Act,” and Curaleaf’s CBD products for pets are “unapproved new…
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CannTrust (TRST.C) committee continues Pelham investigation as the sector watches
The investigation via special committee of CannTrust Holdings’ (TRST.C) non-compliance with Health Canada mandated regulations is ongoing, with further information regarding the committee’s membership now available. On July 11, 2019, the committee was appointed by CannTrust’s board of directors to examine how the company’s Pelham, Ontario, facility came to violate Health Canada guidelines. CannTrust’s Pelham…
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![Aurora Cannabis (ACB.T) comes out on top in Italian tender, but debt looms heavy]()
Aurora Cannabis (ACB.T) comes out on top in Italian tender, but debt looms heavy
Aurora Cannabis (ACB.T) has been named as the sole winner in the Italian medical cannabis tender process, an announcement tempered by worries over the company’s mounting debt and disappointing revenue. On July 18, Aurora fell 1.2% after Bank of America (BAC.NYSE) downgraded the stock’s rating to “neutral” from “buy.” Bank of America analyst, Chris Carey, described Aurora…
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Five distressed weed companies fired their CEOs – did it help? (OGI.T, ASNT.C, APHA.T, N.V, WEED.T)
Winning sports teams rarely fire their managers. Losing ones always do. Sometimes a new manager can reverse the fortunes of a losing team. Example: When $3.1 billion Manchester United fired its pompous toxic manager, Jose Mourinho, in December 2018, the club was in a woeful 6th place – having lost 45% of its games that season. After…
