Tag: Ontario
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Fire in the hole: Supreme Cannabis (FIRE.T) drops rough financials as expected, transition afoot
Ontario-based Supreme Cannabis (FIRE.T) released its Q2 2020 financials today and there were few surprises contained in its pages, bar perhaps the size of the quarterly loss. At a $17.3 million net loss after taxes (and a $10.4 million loss in adjusted EBITDA terms), FIRE shares fell in value below the $0.40 mark it’s been…
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![Hold your FIRE: Supreme Cannabis (FIRE.T) lays off staff in bid for balance sheet superiority]()
Hold your FIRE: Supreme Cannabis (FIRE.T) lays off staff in bid for balance sheet superiority
Large Canadian cannabis licensed producer Supreme Cannabis (FIRE.T) told the markets they’re laying off around 30% of their staff today, days before their next quarterly financials are released and with the dust still settling after their recent CEO change. To the casual observer, this might appear to be a sign of desperation, that the sky…
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![Fear and loathing in the cannabis space: Get off 48North’s (NRTH.V) dick already]()
Fear and loathing in the cannabis space: Get off 48North’s (NRTH.V) dick already
The most important phase of the life cycle of any ecosystem is where the inhabitants realize they can get sustenance and advantage from killing the lifeforms around them, rather than cohabiting. Monkeys turn cannibal when food supplies are low, ants go to war with other ants, ivy strangles the trees hosting it, influenza kills the…
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Gold opportunities in the Abitibi Greenstone Belt: 13 dirt-cheap ExplorerCo’s for your consideration
Are we on the verge of a new bull market in gold? Will the companies that explore for the stuff – the junior exploration companies aka ExplorerCo’s – rise from the smoldering ruins and come back into the light? We’ve laid down a solid case for this undervalued, under appreciated lot here at Equity Guru…
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![Supreme Cannabis (FIRE.V) is not a misnomer: My first hand tour of ‘Quality City’]()
Supreme Cannabis (FIRE.V) is not a misnomer: My first hand tour of ‘Quality City’
I’ve been to a lot of cannabis grow facilities. My mother would not be proud. And it’s probably why my car gets tossed whenever I head to Bellingham to buy Trader Joes Caramel Cinnamon Monkey Bread (don’t judge me). And, usually, they bore me to tears. Frankly, if you’re not handing out product – and…
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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…
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TGOD vs. NIMBYs; LP max size expansion amendment nixed by Hamilton City Council, Dutchman appeals
As has been widely reported, a zoning amendment proposal brought forward by The Green Organic Dutchman and recommended by the City of Hamilton’s Planning Committee was defeated by vote of Hamilton’s City Council this past Wednesday. The proposed amendment (PED18118) would have increased the maximum allowance of 24,000 sq/ft to 968,000 sq/ft of growth space for cannabis LP’s like…
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First Cobalt (FCC.V) to acquire US Cobalt (USCO.V) in friendly takeover
We’ve been saying it for a while now, but First Cobalt (FCC.V) is a straight up mega beast, and today’s news, that they’ll be taking out US Cobalt (USCO.V) is further evidence of that. It’s not often you can put together a family tree for a smallcap company, but here’s how it stacks up for…
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I hate to say I told you so – Golden Leaf Holdings (GLH.C) zooms 22% in one day
I knew it. Today, Golden Leaf Holdings’ (GLH.C) announced its subsidiary Medical Marijuana Group (MMG) received the cultivation license for its massive grow operation in Ontario. The news sparked a big spike in GLH stock today, with a rise of over 25% by close of trading. (source: Google) Today’s run is the latest in a…
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ABcann Medical (ABCN.V) talks and walks like a pharmaceutical company
On October 17, 2017 Abcann Medical (ABCN.V) announced the appointment of Paul Lucas as Chair of its Board. Mr. Lucas is the former CEO of GlaxoSmithKline Canada (1994-2012). GlaxoSmithKline (GSK.NYSE) is a venerable UK pharmaceutical company launched in 1848 with laxative pills. After successfully loosening the bowels of Queen Victoria and Oscar Wilde – it…
