Tag: marijuana
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Pubco cocaine is here: What does it mean, who’s in, and who’s real?
I recently listened to a podcast episode of Search Engine with PJ Vogt, and I REALLY got into it. The episode was titled, “Why are drug dealers putting fentanyl in everything?” I’d asked myself the same question many times – why kill your customers? I’d recommend you go listen because the answer is a lot…
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Canopy Growth Corp (WEED.T) makes $435m offer for Supreme Cannabis (FIRE.T)
In the annals of history, the concept of ‘win/win’ will be looked back on by future folk to be properly defined by today’s news Canopy Growth Corp (WEED.T) is making an offer for Supreme Cannabis (FIRE.T) at a $435m valuation. Admittedly, it’s not a win for those long underwater on FIRE stock, but acquisitions aren’t…
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Heritage Cannabis (CANN.C) up hard on Alberta sales news
No cannabis companies splits investors squarely down the middle like Heritage Cannabis (CANN.C). Despite ongoing good news and deals with larger players, a sizable section of the legacy cannabis investing community has just never been able to get on board with the Canadian weedco – until this week. Our Joseph Morton blew the trumpet on…
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Thursday Recap: Return of the Cannapocalypse, Walmart, and Powell
Cannapocalypse: Version 2 I think Canopy Growth ($CGC) and Aurora Cannabis ($ACB) should notify the makers of the Oxford English Dictionary that the word “earnings” has been redefined to mean “losses”. Both firms have been supposed “leaders” in the industry, and have let stakeholders down in the past quarter. My disappointment in these two companies…
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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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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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Wayland Group (WAYL.C) and ICC Intl (WRLD.U.C) close huge asset deal wait no they don’t argh I’m dying
Investors in currently halted for not being able to put together last year’s financials like real grown up boys Wayland Group (WAYL.C) might have been celebrating today when it was announced their all-share deal to sell 49.9% of their international assets to ICC International (WRLD.U) had closed. One hopes the champagne they were popping wasn’t…
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Westleaf (WL.V) brings prairie focus, first nations connections, novel ideas
I first heard about the Prairie Records cannabis retail business model mid last year. And my first thought upon seeing it was, this will never be allowed. Basically, instead of keeping everything behind glass and having consumers guess as to what weed they’re looking at and what it will do, Westleaf’s retail model is to…