Tag: Chris Parry
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![CannTrust (TRST.T) burns $77 million of illegal weed]()
CannTrust (TRST.T) burns $77 million of illegal weed
While Canadian investors digested their Thanksgiving turkey, CannTrust (TRST.T) announced that it has “destroyed approximately $12 million of biological assets and approximately $65 million worth of inventory that was not authorized by CannTrust’s licence,” bring the total value of the torched product to $77 million”. Although the Toronto Stock Exchange was closed for the Canadian…
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![Barrian Mining’s (BARI.V) Troy Canyon gold project just got 300% bigger]()
Barrian Mining’s (BARI.V) Troy Canyon gold project just got 300% bigger
On October 11, 2019 Barrian Mining (BARI.V) announced that it has staked an additional 40 contiguous mineral claims at its ”early-stage Troy Canyon gold and silver project” located in Nye county, Nevada, about 230 kms north of Las Vegas. The expansion of the project is part of the option agreement with Brocade Metals, bringing the…
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AMPD Technologies, Enthusiast Gaming (EGLX.V), Riot Games, Louis Vuitton and the dawn of e-sports investing
For many people of my vintage, the concept of being entertained by watching other people play video games is confounding. But make no mistake, competitive e-sports is a thing. Enthusiast Gaming (EGLX.V) recently completed a merger with Aquilini Game Co and Luminosity to become a Global e-sports and gaming Leader. The merged company has $22…
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![Ontario Cannabis Czar “retires” just before financial shit-show hits fan]()
Ontario Cannabis Czar “retires” just before financial shit-show hits fan
The head of Ontario’s government cannabis agency, Patrick Ford, strategically retired just days prior to the revelation that the agency lost an astonishing $42 million on $64 million revenue this fiscal year. The “Ontario Cannabis Store” (OCS) oversees the provinces’ online and retail cannabis outlets. Ontario’s consolidated financial statements show the OCS racked up expenses…
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![1933 Industries (TGIF.C) guidance predicts Q4, 2019 rev. of $5.2 million]()
1933 Industries (TGIF.C) guidance predicts Q4, 2019 rev. of $5.2 million
On September 12, 2019, 1933 Industries (TGIF.C) provided guidance for Q4, 2019 – the quarter ended six weeks ago on July 31, 2019. 1933 Industries owns cannabis cultivation, extraction, processing and manufacturing assets, along with a portfolio of brands including: AMA flower and AMA concentrates, CBD-infused Canna Hemp, Canna Hemp X, and Canna Fused. “Guidance” refers to…
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![GTEC Holdings (GTEC.C) puts Tumbleweed grow-op into production]()
GTEC Holdings (GTEC.C) puts Tumbleweed grow-op into production
On August 19, 2019 GTEC Holdings (GTEC.C) announced that its 100% owned Tumbleweed Farms has been granted a “Standard Cultivation, Processing and Medical Sales Licences, pursuant to the Cannabis Act and Regulations by Health Canada.” Tumbleweed is a purpose-built cultivation facility located in Chase, British Columbia – named after an American, Whitfield Chase, who worked…
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TSX.V, CSE: Canadian venture capital markets declare “Trudeau Ethics Scandal” weak sauce!
Reading this week’s political headlines, you’d think the media had just unearthed hidden-camera footage of Prime Minister Justin Trudeau in a Shanghai strip bar – pockets bulging with gold coins – giving a hand-job to the CEO of the China Petroleum Corporation (中国石油天然气集团公司). “Will Trudeau take responsibility for ethics breach?” – Ottawa Citizen. “Trudeau violated…
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![Vapen MJ (VAPN.C) – cannabis still a better biz than clothing (GOOS.T) (ANF.NYSE) (AEO.NYSE) (M.NYSE)]()
Vapen MJ (VAPN.C) – cannabis still a better biz than clothing (GOOS.T) (ANF.NYSE) (AEO.NYSE) (M.NYSE)
The fluorescent red kelp you see floating in today’s ocean of rouge (DJIA -774 points) is the plummeting share price of big-cap clothing companies. Shares of Canada Goose (GOOS.T) Abercrombie & Fitch (ANF.NYSE), American Eagle (AEO.NYSE) and Macy’s (M.NYSE) all tanked, shedding a combined $1.6 billion in market cap. Canada Goose warned shareholders about slowing…
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Aurora (ACB.T) predicts Q4 $100 million revenue – then the calculator jams
On Aug. 6, 2019 Aurora Cannabis (ACB.T) released “selected financial metrics” for Q4 2019 – which ended June 30, 2019. This gives investors a sneak peek, prior to official audited earnings, at some of the numbers. ACB’s Q4, 2019 Financial Projections: Last quarter Aurora reported $65.1 million net revenue, so the Q4 number is up…
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![E3 Metals (ETMC.V) on track, on budget, on trend – up 100% in 2019]()
E3 Metals (ETMC.V) on track, on budget, on trend – up 100% in 2019
On July 31, E3 Metals (ETMC.V) announced that it has completed the design and assembly of a lab scale ion exchange flow system for lithium extraction. Lithium is a key battery ingredient. Thanks to electric vehicles (EVs) and all things mobile, lithium demand is expected to double in the next 7 years. One of the challenges…
