BRIEFING: Cannabis One Announces Definitive Agreements to Acquire Top Nevada-based Edibles Brand/Manufacturer, Evergreen Organix
Today Cannabis One announced they have executed a Definitive Agreement to acquire all the key assets surrounding Evergreen Organix. Evergreen Organix has won numerous cannabis industry awards for its branded product line, including Best CBD Flower for its Fleur-branded “Fire Angel” strain; Best Edible for its Evergreen Organix-branded “Chocolate Chip Cookie” at the 2018 Jack Herer Cup; and […]
The Deep Dive Launches its Canadian LP Tracker
The Deep Dive has always been focused on fundamental analysis over that of technicals. While we still acknowledge technical indicators, fundamentals is where its at for a long term investment perspective. To further push this point, The Deep Dive would like to formally announce its Canadian LP Tracker Dashboard. The dashboard itself is focused on […]
MedMen’s Chief Operating Officer and General Counsel Resign
Today MedMen announced the resignation of their COO, Ben Cook, and their General Counsel, Lisa Sergi Trager, who also served on the board. Stating in the news release, the leaders of the operations group will now report directly to the CEO Adam Bierman. “We appreciate the contributions of all current and former MedMen team members […]
Canopy to Buy Right to Acquire 100 percent of the Shares of Acreage in Proposed $3.4B Deal
It’s official. Canopy Growth Corporation (TSE: WEED) has announced a deal to purchase a right to acquire Acreage Holdings (CSE: ACGR.u.c). The deal effectively gives Acreage shareholders a nice cash payout, and giving Canopy the right to purchase Acreage when the US legal environment clears up. Here are some of the key details from the […]
Updated: Rumors Swirling Canopy In Acquisition Talks with Acreage
This afternoon, rumors started swirling that Canopy ($WEED) is looking to acquire Acreage Holdings ($ACRG.c). This deal would likely require regulations to be loosened by the exchanges or some very creative “lawyering”. As Todd Harrison pointed out earlier, this deal would be difficult given that Canopy has an NYSE listing. Melissa Lee from CNBCs Fast […]
The Influence of Branding Within the US Cannabis Sector
Brands dominate in the US. Thus, its only natural that a heavy branding strategy has taken a foothold within the US cannabis sector. This in turn has lead to a period of increased M&A activity as firms scramble to acquire the hottest labels in each segment of the sector, including edibles, concentrates, and cultivars. The […]
A Taste of a Tinley Beverage
While 2018 was viewed as the year of the cannabis cultivators, 2019 is quickly shaping up to be the year of the cannabis manufacturer. As Canadian operators remain focused on cultivating, US based multi-state operators have already moved on from this phase and are now focused on the manipulation of the plant. This comes in […]
US Cannabis ETF to Launch Creating Further Momentum for US Operators
Today Horizons ETFs Management announced they filed a final prospectus to launch the Horizons US Marijuana Index ETF. Conditionally approved for listing by the NEO Exchange, the ETF is slated to begin trading on Thursday (April 18/19). The ETF will trade under the ticker symbols HMUS (C$) and HMUS.U (US$). This fund will be the […]
Ascent Industries Continues its Death Spiral
Ascent Industries (CSE: ASNT) continued its downward spiral yesterday, announcing in a news release that two investigations are under way simultaneously. While one appears to be self imposed, the other has been initiated by Combined Forces Special Enforcement Unit of British Columbia (CFSEU-BC). The CFSEU-BC is a governmental organization focused on dismantling crime groups within […]
BRIEFING: Cannabis One Acquires Key Assets of Honu Enterprises
This morning Cannabis One Holdings Inc. announced they are executing their definitive agreement to acquire certain assets of Washington-based Honu Enterprises Inc. Honu is an award-winning, cannabis-infused products brand. The Cannabis One investor deck states they expect Honu to have a big year with US$20.3MM in system wide sales. In this mornings press release, Jeffery […]