Valens GroWorks Achieves 425,000 KG of Annual Capacity: But Is It Too Much?
Valens GroWorks (CSE: VGW) announced after hours yesterday that it had increased its capacity for cannabis and hemp extraction to that of 425,000 KG of dried biomass annually. The announcement makes Valens the largest third party extractor within the Canadian market. Further to this, the company announced that they currently have construction underway to more […]
WeedMD First LP to be Included in Shoppers Drug Mart Traceability Program
WeedMD Inc (TSXV: WMD) announced this morning that it is the first licensed producer to be included in Shoppers Drug Mart medical cannabis strain verification pilot program with TruTrace Technologies. The firm began supplying Shoppers Drug Mart with medical cannabis back in February 2019. Shoppers Drug Mart announced yesterday that it would be utilizing TruTrace’s […]
Jushi Holdings to Acquire Pennsylvania Assets
Jushi Holdings (NEO: JUSH) announced this morning its entrance into the Pennsylvania medical cannabis market. The firm will be purchasing a handful of entities that currently have medical licenses in the state, to acquire a total of four medical dispensary permit holders. In typical fashion for the company, details were scarce on the purchased assets. […]
Cannabis One Cancels Warrant Acceleration, Reinstates Exercised Warrants
On Friday evening, Cannabis One Holdings (CSE: CBIS) levied some heavy charges against an advisor. The brief corporate update was released late in the day, and thus it largely went unnoticed. However, the significance of the release should not go unmentioned. In short, the company stated that they had received poor direction from a new […]
iAnthus Gets It Right With Shareholders and Fixes Options Disaster
This morning iAnthus announced that management will reset all the options for Senior Executives issued in 2019 after recently resetting the price of the options from $7.08 to the recent low of $5.25. This was announced 10 minutes after theDeepDive launched a piece titled “A Hard Look at iAnthus Public Relations Disaster.“ The new options […]
A Hard Look at iAnthus’ Investor Relations Disaster
Last week, investors of the cannabis sector were privy to a prime example of why investor relations is so crucial for public companies. iAnthus Capital Holdings (CSE: IAN) learned the hard way the price that can be paid if you fail to live up to expectations. For a company that frequently prides itself on its […]
MYM Nutraceuticals Commences Planting at Nevada Joint Venture
MYM Nutraceuticals Inc. (CSE: MYM) announced yesterday that they and their joint venture partner, Elite Ventures, a Crop Infrastructure Corp (CSE: CROP) subsidiary, had reached planting stage for its joint hemp project. The 120 acre hemp project is based in Nye County, Nevada. The joint venture between MYM and Crop’s subsidiary was announced March 3, […]
Ionic Brands Acquires Vegas Valley Growers of Nevada
Ionic Brands (CSE: IONC) announced this morning that it has closed the acquisition of Vegas Valley Growers of Las Vegas, Nevada. Total purchase price for the vertically integrated operation is US$8,870,000. Payment consists of US$7.62 million in cash, and 2.81 million shares at a price of $0.5952, which is a significant premium to yesterdays close […]
THC Biomed Brings Cigarettes to Cannabis
Cigarettes are coming to the cannabis sector. For now, however, they will remain to be purely cannabis, with no tobacco involved. THC Biomed International (CSE: THC) announced this morning that the company would become the first to offer a pure cannabis cigarette to the legal Canadian market. Identifying that pre-rolls were one of the firms […]
Is the End of the Line Near for MedMen?
It’s long been known by cannabis industry followers that MedMen Enterprises (CSE: MMEN) has a cash problem. Relentless general and administrative costs have plagued the company since its go public transaction last year, which has been coupled with numerous acquisitions and out of line management compensation which has further fueled cash burn. However, it appears […]