17 November 2024

Tag: Cronos-group

Nextleaf (OILS.C) cuts a deal with an Ontario cannabis grower

OIL’s CEO, Paul Pedersen, believes the key to a strong sustainable cannabis extraction business is innovative technology protected by international patents.

8 April 2020
Hemptown USA CEO Eric Gripentrog gives a pre-IPO update

We are currently primarily focused on wholesale, selling bulk products. Quickly, we will be pivoting to the $16 billion dollar industry which breaks out between nutraceuticals, beauty aids, food and beverages.

25 March 2020
Heritage Cannabis (CANN.C) builds CBD extraction facility with JV partner in Oregon

Heritage is now installing extraction and post-production equipment units at Empower’s existing licensed hemp processing facility in Sandy, Oregon, to begin performing “hemp-based product manufacturing for proprietary formulations, tolling services, and third-party white labelling services for other distributors throughout the United States”.

6 March 2020
Heritage Cannabis (CANN.C) loses $2.3 million in Q4, finds extra year of runway as revenues kick in

A quick scan of headlines today would tell a harrowing story that Heritage Cannabis (CANN.C) was in big trouble and had lost $13 million and pandemonium had broken loose, and dogs and cats were going to be living together any time now. That’s because the company led their Q4 financials news release today with their…

29 February 2020
SpeakEasy Cannabis (EASY.C) still wants to be Canada’s biggest grow and retail investors are buying it

On the same day mega-grower Cronos Group (CRON.T) said it no longer sees square footage and production capacity as “key performance indicators,” and will cease disclosing them, SpeakEasy Cannabis (EASY.C) put out a surprisingly tone-deaf news release touting its aim to become one of the largest producers in Canada. $CRON basically signaling it isn’t in the…

13 November 2019
Heritage Cannabis (CANN.C) is ready for Cannabis 2.0, but are you ready for Heritage?

Here at equity.guru, we see the way things are going. Weed stocks are trending down, so we want to highlight companies poised to succeed in the long-term (*cough Cannabis 2.0 *cough). Heritage Cannabis Holdings (CANN.C) is a company which hasn’t gotten the love it deserves lately, and that’s bad. Just look at some of the…

7 November 2019
Big Tobacco player Altria (MO.NYSE) lobbying hard for hemp, but is it the magic bullet Congress is counting on?

Tobacco giant, Altria Group (MO.NYSE), is lobbying in the United States for “matters pertaining to hemp and crop insurance,” among other things, seemingly aiming to pivot away from vaping amidst a national health emergency. A lobbying report filed by The Russell Group listed its income for the quarter on behalf of Altria as $60,000, a…

2 November 2019
CIBC’s (CM.T) cannabis coverage: is this Canadian bank a hot mess?

The Canadian Imperial Bank of Commerce CIBC (CM.T) – a $48 billion company with 11 million clients and 40,000 employees – just released a statement declaring that other cannabis industry analysts are lying or deluded about how much weed it is going to sell in the next two years. “Sales estimates for the legal cannabis…

25 September 2019
Heritage Cannabis (CANN.C) signs monster deal with Cronos (CRON.T)

On July 25, 2019 Heritage Cannabis (CANN.C) announced a vape-device deal with the $6.6 billion Cronos Group (CRON.T). Heritage will fill and package vaporizer devices for the Canadian rec and medical markets. Specifically, vape fulfillment for the Spinach and PEACE NATURALS brands, “utilizing multiple unique and proprietary formulations provided by Cronos Group.” The deal has…

26 July 2019
It’s Weed Wednesday: Canadian cannabis is legal, but what does it all mean?

If you thought weed stocks were going to run when the new Canadian cannabis laws came in, guess again. Those had been baked into share price for over a year so, if anything, we at Equity.guru expected today to be the stock price yawner it has so far been. But that’s not always going to…

18 October 2018