Tag: JWCA.V
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![iAnthus (IAN.C) shareholders all but wiped out by Gotham Green Partners in recapitalization deal]()
iAnthus (IAN.C) shareholders all but wiped out by Gotham Green Partners in recapitalization deal
For a large part of its early days, one of the main selling points of US multi state cannabis store operator iAnthus (IAN.C) was that it was seemingly run by adults. Unlike their colleagues at MedMen (MMEN.C), which revealed itself as a self-dealing executive wealth generator from day one, iAnthus painted a picture of experience,…
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MedMen (MMEN.C): The Kings of Cannabis are dead but the stink remains
“In a sector rife with terrible CEOs that have wasted company treasury and goodwill…none come close to Bierman in terms of self enrichment, entitlement, and outward facing douchery,” wrote Chris Parry on January 31, 2020.
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Do not adjust your TV sets – Heritage Cannabis (CANN.C) is a real business
New licenses, deals, products – that’s all good – but it’s not the nitty gritty stuff investors are looking for now. By “nitty-gritty” we mean – numbers. Four weeks ago, Heritage released its Q1, 2020 financials.
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![European office supplies manufacturer takes Wayland Group (WAYL.C) weed grow for $12.3m]()
European office supplies manufacturer takes Wayland Group (WAYL.C) weed grow for $12.3m
The Wayland Group (WAYL.C) announced Thursday Austria-based Ring Holding International AG will purchase their Maricann assets, which essentially make up their entire business, for the bargain price of $12.3 million as part of ongoing bankruptcy proceedings. The purchaser of the Maricann assets is a family office with a core focus on the manufacturing of lever…
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James A. Wagner Cultivation (JWCA) goes into creditor protection, financier jumps 50%
It’s never been clearer that many Canadian cannabis companies were built, from the outset, poorly. As the economy creaks and groans and every sector takes a hit from COVID-19 effects, cannabis should be an exception to the rule because, if my circle is any indication, a lot of folks are at home, bored, and getting…
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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…
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If the cannabis industry is desperate for capital, time to bet on the guys with capital
With a little over and hour left in the year 2019, past 10PM on December 31, I saw a news release from James E. Wagner Cultivation (JWCA.V) about a small $2 million loan they’d taken out. The timing of the announcement of their loan was surely not coincidental. Actually, thinking about it, ‘payday loan’ might…
