Category: Team Pump
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CannTrust (TRST.T) sacks workers, calls it ‘commitment to regulatory compliance’
There’s an old damage control routine that goes, instead of admitting you have a problem, you focus on how you’ve fixed the problem you had, so the interested observer focuses on your fix and not your initial incompetence. CannTrust is at that chapter in their Damage Control 101 textbook. In a news release titled, “Canntrust…
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Former Zenabis (ZENA.T) CEO flushing stock hard: 1 million shares down, 23 million to go?
Zenabis (ZENA.C) has four cannabis grow facilities. And it has four licenses. And it says it’s building out 2.75 million square feet of grow space. Amazing. All of those things are things you’d like to see a cannabis company doing. So why is the stock chart this? Well, most cannabis companies are having at least…
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E-sports is starting to run, but let’s use some common sense here
Over the last few days, as cannabis took another face plant into the toilet bowl, a ton of money has been looking for somewhere else to go. That should have been great news for the resource sector, though they haven’t yet figured out how to get cannabis investors interested in what they do. And it…
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Abattis Bioceuticals (ATT.C): A grift building over several years until regulators couldn’t ignore it anymore
Several years ago, when Equity.Guru boss Chris Parry was writing at Stockhouse, he was called out to a new client – a company called Abattis Bioceutical (ATT.C). Abattis execs had just signed a marketing deal with Stockhouse to help tell their story to investors, and were excited for what might follow. As Parry tells it,…
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Wayland Group (WAYL.C) crumbles, to RTO with illiquid crypto company, CEO Ben Ward dumped
Canadian licensed cannabis producer The Wayland Group (WAYL.C), formerly Maricann, currently halted for not being able to get their financials through three different audit teams, has succumbed. Long halted at $0.74 in Canada, though still trading on the US OTC at C$0.26, Wayland announced late Friday night, when most people were either asleep or into…
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GONE: CannTrust (TRST.V) execs bounced by board after 3 Stooges-like revelations of stupidity
We may never know whether it was the brazen hubris of doing a promotional video in front of an unlicensed grow room filled with illegal plants, or if it was the email trail the Globe and Mail discovered yesterday that showed top brass at CannTrust (TRST.V) were not only aware the company was growing illegal…
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CannTrust (TRST.T) executives should go to jail: Emails show deliberate criminality
There’s a difference between incompetence and criminality. Incompetence is “What? That’s weed? I thought those were tomato seeds!” Criminality is “1) RG8 is not licenced but has plants in it; 2) RG9 is not licenced but we are intending to put plants in it on Monday; 3) PA2A-E are not licenced but we have moved…
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UPDATE: CannTrust (TRST.T) should lose license over illegal pot growing/shipping scandal
The precedent has been set. When Ascent Industries (ASNT.C) lost its Canadian LP licensing over product that had allegedly found its way into the grey market, the regulators at Health Canada – rightly – didn’t hold back. They investigated publicly, loudly, and ultimately de-licensed the company, running the brains trust out of town on a…
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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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Anatomy of a shit-show: Saint Jean Carbon (SJL.V) wants to be a fidget spinner
Over the last few years, we’ve shivved a lot of terrible companies trying to pull a fast one on investors and, almost always, when we do, we face a few weeks of abuse from that company’s faithful. When we said Imagination Park (IP.C) was a bullshit fantasy playing on most people’s ignorance of the virtual…
