Tag: cannabis
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![The Tinley Beverage Company’s (TNY.C) California distribution leaves 2018 woes in their rear-view mirror]()
The Tinley Beverage Company’s (TNY.C) California distribution leaves 2018 woes in their rear-view mirror
The Tinley Beverage Company (TNY.C) has shipped more than $200,000 worth of products to California distributors’ facilities in June and July. This latest batch completes the long saga that began with a production stoppage in the dying months of 2018 when they were forced to hold back orders of their cannabis-infused non-alcoholic beverages for repackaging…
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Tilray (TLRY.Q), TGOD, Acreage (ACRG.U) post awful Q2 financials, but who doesn’t? Canadian system is built to underperform
We’re in the middle of financial season, and that’s proving to be a real rollercoaster. Among companies releasing financials today, Acreage Holdings (ACRG.U), Flower One Holdings (FONE.C), Green Organic Dutchman (TGOD.T) and Tilray. Tomorrow is Aleafia (ALEF.C), the hideous CannTrust (TRST.T), Charlotte’s Web (CWEB.T), Neptune Wellness (NEPT.T), Trulieve (TRUL.C), and the monster that is Canopy…
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Supreme Cannabis (FIRE.T) gives mouth-watering guidance as revenue expected to surge 449%
Shares of Supreme Cannabis (FIRE.T) surged on Tuesday after the premium cannabis grower gave mouth-watering guidance on fiscal fourth-quarter revenue growth, projecting supreme gains in 2020. The guidance comes on the heels of a solid fiscal third quarter, where Supreme Cannabis managed to grow net revenue by 382%. The company expects even bigger gains in…
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Invictus MD Strategies (GENE.V) parts ways from KISS’ Gene Simmons, because duh
In news that will shock nobody who has been paying even the smallest sliver of attention, rock n’roll legend, KISS guitarist, and reality show nimrod Gene Simmons has stepped down from his position as Invictus MD Strategies’ (GENE.V) Chief Evangelist Officer, wishing the company whose stock he has probably finished selling off, a fond farewell.…
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Sol Global (SOL.C): The only weed company I know that lists ‘divestments’ on its website
Andy DeFrancesco is the devil. Just ask anyone. The worst guy in the weed business, the archangel of bad asset deals, the shell master of Florida. He’s got investigative journalists who write about nothing other than him, he’s got shareholders at various companies that have bought things from him screaming at him for taking their…
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Supreme Cannabis (FIRE.T) goes on unexpected slide as ETFs re-calibrate, jump CannTrust (TRST.T) 50%
One of the big lessons both a public company CEO and a public company investor have to learn and remember always is, sometimes the market will take you out back and shoot you in the head and it’s not actually your fault, the gods determined that it just had to be done. Supreme Cannabis (FIRE.T)…
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![Bitcoin trader makes dumb greedy bet – loses $16 million – kills himself, triggering painful shotgun-in-mouth memory of even dumber, greedier Amazon (AMZN.Q) bet]()
Bitcoin trader makes dumb greedy bet – loses $16 million – kills himself, triggering painful shotgun-in-mouth memory of even dumber, greedier Amazon (AMZN.Q) bet
A few weeks ago, a Chinese Bitcoin trader, Hui Yi, embezzled 2,000 Bitcoins, used them as collateral to take a highly leveraged (100x) short position on the price of Bitcoin. The co-founder and CEO of a crypto market analysis platform, Hui got the timing and direction of his bet horrendously wrong. WeChat messages indicate that…
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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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![iAnthus’ (IAN.C) “Super Regional Footprint” just grew another toe]()
iAnthus’ (IAN.C) “Super Regional Footprint” just grew another toe
On August 1, 2019, iAnthus Capital (IAN.C) provided an operational update for GrowHealthy, the company’s Florida medical marijuana operation. GrowHealthy is about to open its 6th store in Florida. This 4,000 sq. foot location will serve the Miami-Dade County population of approximately 2.7 million. With operations in 11 states, including 23 dispensaries: Arizona (4), Maryland…
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Aphria (APHA.T) stuns cannabis sector, runs a quarterly profit – up 35%
Just 48 hrs after I posted my ‘can we get some freaking adults into this weed space‘ screed, Aphria (APHA.T) has responded with a quarterly profit. An actual quarterly profit. Let’s be clear: I had nothing to do with that, other than maybe sensing a sector change in thinking that the Aphria folks have embraced,…
