Tag: Ascent Industries
-
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…
-
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…
-
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…
-
Marijuana Update: Ravenquest (RQB.V), CROP (CROP.C), Lifestyle Delivery Systems (LDS.C), iAnthus (IAN.C), and trust
The ability to trust the people you put your money into is of utmost importance. ‘Management’ is oft cited as one of the pillars of a company’s success, but management in this instance could also be defined as ‘trust’. If I asked to borrow money from you in the street, your ability to trust me…
-
Canadian LPs rush to supply Germany’s constrained marijuana market (TGOD.T) (ASNT.T) (CXXI.C) (CROP.C)
Germany’s medical marijuana market is lucrative, and Canadian LPs want in. Thankfully, Germany also wants Canadian companies to show them what’s up. Germany’s Shortage While Germany, the hottest cannabis market in the EU, has legalized medical marijuana, the country is in a nation-wide shortage of cannabis for a number of bureaucratic reasons. As a result, Germany’s…
-
The hemp shift: Livewell (LVWL.V), Heritage (CANN.C), Ascent (ASNT.C), Isodiol (ISOL.C) lead the CBD chase
If you want CBD, which is the stuff in cannabis that makes you healthier but that doesn’t get you stoned, hemp has as much of the stuff as commercial cannabis does. But hemp doesn’t attract mind boggling valuations on the public markets. On the TSX, 20k sq ft of licensed cannabis in a greenhouse in…
-
Too professional: Pure Global (PURE.V) and the companies discounted because they’re actually building businesses
Had a conversation on the phone with Stephen Pynn, VP of Corporate Devs at Pure Global (PURE.V) this week that got me thinking. Pure has had an up and down run since landing on the public markets in July of this year. It ebbs and flows like the tides, never getting really beat up, but also…
-
Ascent Industries (ASNT.C) lands on the CSE Thursday: You’ll want to dig in on this
A few years back, when Health Canada wasn’t really handing out cannabis grow or sales licenses, I attended a meeting in a crappy chain restaurant by the highway in North Richmond. That meeting was packed. It was a collection of MMAR growers, folks who owned unused warehouses, rampant weed activists, accountants who were ready for…
