WeedMD Secures Approval from Health Canada for Outdoor Cultivation
Toronto, Canada, May 31, 2019 – WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that it has secured Health Canada approval for 27 acres of low-cost, outdoor cultivation on its Strathroy, Ontario property. The Company will commence planting more than 20,000 clones […]
WeedMD Reports Quarterly Revenue of $3.34 Million
WeedMD Inc (TSXV: WMD) filed its first quarter financials yesterday evening, reporting net revenues of CAD$3.34mm for the quarter, with gross profits before fair value adjustments coming in at $0.5mm. Revenues were up on a year over year basis, wherein the firm recorded $1.14mm in the same quarter last year. Gross revenues, which came in […]
Cardiol Therapeutics Announces US Listing
Cardiol Therapeutics (TSX: CRDL; OTCMKTS: CRTPF) announced this morning that it has qualified to trade on the OTCQX Best Market, opening up the company to stateside investors. It will commence trading today under the ticker “CRTPF”. “Trading on the OTCQX Best Market will assist us with increasing our U.S. shareholder base and investor awareness as […]
#Potstocks Earnings Roundup: May 29
As we alluded to in an article released Monday morning, there were a number of cannabis focused public companies that released earnings yesterday before and after the bell. To help keep you informed, here’s a run down of what figures some of the more significant players in the market laid down for the first quarter […]
WeedMD to Transform Aylmer Facility into Extraction and Processing Centre
WeedMD Inc (TSXV: WMD) announced this morning that it would be transforming its Aylmer facility from a cultivation site into a hub for cannabis extraction and processing. The move allows the firm to focus on a key vertical at each location, with all cultivation to take place at the Strathroy facility, and all processing at […]
Canadian PubCo’s & The German Medical Cannabis Market
When it comes to federally legal market opportunities, it’s widely accepted that Europe is the next frontier when it comes to the cannabis markets. While the US is favoured by many, the Schedule 1 status of cannabis within the country heavily limits those that are eligible to invest in the nascent sector. As a result, […]
Charlotte’s Web Posts Q1 Revs of US$21.7 Million
Charlotte’s Web Holdings (CSE: CWEB) posted its first quarter financial figures after market close today, reporting US$21.7mm in revenues for the period ended March 31, 2019. Gross profit was reportedly $15.9mm for the quarter. The company has also reiterated previous guidance given for fiscal year 2019 revenues, expecting to generate somewhere in the area of […]
Charlotte’s Web Holdings to Delist from the CSE
The Canadian Securities Exchange published a memo this morning identifying that Charlotte’s Web Holdings would be delisting from the exchange. The release indicated that it would be upgrading to the Toronto Stock Exchange. Shares are to delist as of market close on Thursday, May 30, 2019. While no release has been made official by the […]
Does Auxly Cannabis Have A Cash Problem?
Yesterday morning, Auxly Cannabis (TSXV: XLY) released its financial statements for the first quarter of 2019. Within, the company reported revenues of $817,000, of which $292,000 was directly from the sale of cannabis products. Gross profits excluding fair value items came in at $387,000 for the quarter. The firm actually identified that it had more […]
Cannabis One Provides Corporate Update
This morning, Cannabis One Holdings (CSE: CBIS) provided an operational update at the request of IIROC, wherein the company confirmed that no material changes have occurred. The equity had a rough week last week wherein it set new 52 week lows on minimal volume. The stock hit a low of $1.91 on Friday, and managed […]