Bruce Linton Fired!
This morning word broke from Canopy that Bruce Linton would be stepping down as co-CEO of Canopy Growth Corporation. The other co-CEO Mark Zekulin will take over as the sole boss as Canopy searches for new a new leader to guide the company in its next phase of growth. “The Board decided today, and I […]
Why Crop Infrastructure Corp Failed to Post Revenues
Crop Infrastructure Corp (CSE: CROP) filed its year end financials for FY18 last Friday, posting $0.00 in revenues and a net loss of C$15.2 million. As can be seen by the performance of the equity yesterday on the first trading day of the week, investors weren’t overly pleased with the results, dragging Crop Corp down […]
Ionic Brands to Bring Bluetooth-Enabled Smart Vaporizers to Market
Ionic Brands (CSE: IONC) announced this morning that it had signed a Heads of Agreement with Lifespot Health Limited (ASX: LSH) related to Lifespot’s vaporizer and software technologies. The firm currently develops bluetooth enabled vaporizers for the medical cannabis sector. Ionic Brands will have the exclusive rights to the product for Canada, the United Kingdom, […]
Zenabis Secures $30 Million Non-Dilutive Financing, Amends Loan Agreements
Zenabis Global (TSX: ZENA) announced this morning two deals wherein the firm has secured funding for its operations. The first of which, was the amendment to a current outstanding facility that was expected to come due in October. The $25 million credit facility was pushed out to October 2020. In connection with the amended credit […]
RavenQuest Biomed’s Financials Reveal Key Issues
RavenQuest Biomed (CSE: RQB) put out its latest financials after the close on Friday, recognizing $653,240 in revenues for the period, of which $216,495 came from the sale of cannabis with the remainder being provided via consulting services. RavenQuest posted a gross loss of $131,187 for the period, with an overall net loss of $3,204,917 […]