Aphria President Jakob Ripshtein is Resigning
Today, Canadian Press broke the news Aphria President Jakob Ripshtein is resigning. The company says Ripshtein will remain in his current role until June 7. “At Aphria, we remain focused on creating long-term shareholder value by leveraging our strong brand positioning, superior distribution model, product innovation, industrial scale cultivation and automation, medical-use leadership, and our […]
Ionic Brands Enhances Product Lineup with Targeted Experiences
This morning, Ionic Brands (CSE: IONC) announced a new strategy to better convey to consumers the effects that their product will have on their current mood. Traditionally, cannabis strains have been identified by the feeling that the user experiences – whether this be focused after consuming a sativa based strain, or calm and laid back […]
Halo Labs Posts Revs of US$8.71mm for Q1 2019
Late last night, Halo Labs (NEO: HALO) reported its Q1 2019 earnings, posting revenues of US$8.7mm. Halo, an extraction focused multi state operator, currently has operations within the states of California and Oregon, in addition to the state of Nevada via a partnership with Just Quality. Total gross profit excluding fair value adjustments came in […]
Cannabis One: Why the Slide?
As of late, cannabis public entities have been hit hard due to several macro economic events that have occurred recently. Coupled with the beginnings of the expected “summer selloff”, some equities within the space have been hit particularly hard relative to their peers for reasons unknown, despite consistent positive news flow. One such example, would […]
Is the Termination of the Hiku Merger the Best Thing to Happen to WeedMD?
A little over a year ago, it was announced that Hiku Brands would be acquiring WeedMD (TSXV: WMD) in an all stock transaction valued at roughly $240mm. Famously, three months later Hiku backtracked on this plan when it was announced that they were instead to be purchased by Canopy Growth and that the merger with […]
Agraflora Reaffirms Focus on Canadian Assets
Last Friday, Agraflora Organics (CSE: AGRA) announced that it had divested its joint venture assets in Greece in a bid to narrow its operational focus to its Canadian assets. The asset had originally been a 50/50 joint venture with Canadian based Liberty Leaf, known operationally as AgraLeaf SA. It was to be intended that the […]
Plymouth Rock Technologies: Highlights of the Investment Thesis
Plymouth Rock Technologies (CSE: PRT), a threat-detection solutions firm, is in the process of establishing itself as a cost effective solution for the detection of threats in both structured and unstructured crowds. With the target market being that of jails, schools, stadiums, and other places of gathering, Plymouth Rock is heavily focused on providing security […]
Tilt Holdings Writes Off Half the Value of its Market Cap, Posts $5mm in Revenue for 2018
When it comes to absolute bombshell financial results in the cannabis sector, few come to mind quickly. That will now change however, after Tilt Holdings (CSE: TILT) posted its year end audited financial statements for 2018 with a mind boggling net loss of US$552.1 million with revenues for the year of $5.65 million. Largely, this […]