MedMen Secures Further Funding From Gotham Green Partners
MedMen Enterprises Inc. (CSE:MMEN) has returned to the trough with Gotham Green Partners as expected, however this time things are a bit different. The company this morning announced amended terms to the previous financing that consists of up to US$250 million, including the expansion of the agreement to US$280 million. As The Deep Dive previously […]
CannTrust Holdings Found To Have Shipped Illegal Product to Denmark
The saga unfolding this week for CannTrust Holdings (TSX: TRST) (NYSE: CTST) appears to have no end in sight as further developments have arisen on the story related to exported cannabis product. BNN Bloomberg has reported today that the Danish Medicines Agency, which is the pharmaceutical authority in Denmark, has been in contact with Health […]
Green Growth Brands to Combine with MXY Holdings
Green Growth Brands (CSE: GGB) announced this morning that it will be combining with MXY Holdings in an all-stock US$310 million transaction. Green Growth will remain the public vehicle of the combined entity, with the issuer essentially purchasing MXY Holdings and moving its current GGB assets into a different subsidiary. MXY Holdings, operating as Moxie, […]
QYOU Media Launches India Influencer Marketing
QYOU Media (TSXV: QYOU) announced this morning that it has commenced influencer marketing within India via The Q India. The announcement comes with the news of the company securing a campaign with StoryTel India. StoryTel India is a subsidiary of StoryTel, an audio book and ebook platform that currently has a library of over 100,000 […]
Bank of America Merrill Lynch Halves CannTrust Price Target to US$3.50
CannTrust Holdings (TSX: TRST) (NYSE:CTST) has begun to see fallout from this mornings announcement that it had been growing cannabis illegally in unlicensed grow rooms at its Pelham, Ontario Facility. While the share price continues to suffer, analysts have begun to downgrade the equity as a result of their actions. Bank of America Merrill Lynch […]
Sundial Growers Readies for Nasdaq Listing
Sundial Growers put out a release this morning, indicating that the firm had raised over C$207.6 million in the last quarter for its operations, with an additional C$44.6 becoming available on the fulfillment of certain conditions. The Canadian licensed producer of cannabis filed its preliminary filing late Friday evening to become the second producer to […]
CannTrust Caught Producing Cannabis Illegally in Unlicensed Location
Canntrust Holdings (TSX: TRST) (NYSE: CTST) issued a news released this morning identifying that an inspection audit carried out by Health Canada revealed that cannabis was growing in unlicensed space at their Pelham, Ontario facility. The company has referred to the matter as a “non-compliance” finding, rather than identifying that it was simply an illegal […]
CannTrust Nailed for Selling Unlicensed Product
This morning CannTrust announced a bombshell for the cannabis industry. The Company put out in a Monday morning press release stating their greenhouse facility in Pelham, Ontariois was non-compliant with certain regulations and a massive amount of inventory has been placed on hold. The violation was based on observations by Health Canada regarding the growing […]
CannTrust Holdings Revises Down Outdoor Grow Guidance
CannTrust Holdings (TSX: TRST) (NYSE: CTST) quietly announced yesterday that it was revising down its estimates for outdoor production. The news, largely drowned out by the announcement of Canopy Growth Corp’s co-CEO Bruce Linton being terminated, comes as the firm has failed to secure an outdoor production license from Health Canada. CannTrust secured 81 acres […]
Bruce Linton on Canopy Growth, “I Was Terminated.”
Bruce Linton is out as Canopy Growth’s (TSX: WEED) (NYSE: CGC) CEO. Speaking to CNBC this morning, he stated “I was terminated”, identifying that the move was a part of the recent funding by Constellation Brands, wherein a requirement was a realignment of the Board of Directors. When asked where he was going next, Linton […]