Harborside To Conduct Share Buyback
Harborside Inc (CSE: HBOR) announced after the closing bell yesterday that it will be commencing a normal course issuer bid, also known as a share buyback, for a portion of the firms currently outstanding subordinate voting shares. Harborside conducted its go public on June 10, and has seen its equity fall considerably in the time […]
FSD Pharma to Conduct Raise Near All Time Low
FSD Pharma (CSE: HUGE) continued its relentlessly investor-friendly actions last night, after posting financials late in the evening, followed by a twelve AM press release to announce that it would be conducting a raise a penny off its all time low. In total, the company generated just $18,501 in revenue during the quarter – rental […]
Sundial Growers Secures Further Funding
Sundial Growers (NASDAQ: SNDL) announced this morning that it had secured $140 million in additional financing through a syndicated credit agreement between ATB Financial and that of the Bank of Montreal. With a repayment term of two years, the first initial draw down will consist of a total of $90 million. $84 million of this […]
Tinley Beverage Completes Build Out of Long Beach, California Facility
The Tinley Beverage Company (CSE: TNY) announced after the bell this evening that it has officially completed the build out of its 12 million per annum bottling facility in Long Beach, California. The 20,000 square foot facility now awaits final licensing by the State of California for the purpose of producing cannabis products. The facility, […]
Examining Indiva’s Liquidity Crisis
Indiva Limited (TSXV: NDVA) filed its second quarter financials late last night, revealing several key issues associated with the operation. Revenues were down on a quarter over quarter basis, with Indiva registering $173,500 in sales, a decrease of 28.11%. While revenues were down for the firm, this isn’t the largest concern for the equity. Rather, […]
Tilray to Enter Cannabis Retail Space
Tilray Inc (NASDAQ: TLRY) announced this morning that it will be entering the cannabis retail space, via an acquisition of 420 Investments. The all stock transaction is valued at approximately C$110 million. Operating under the FOUR20 brand, 420 Investments currently operates six licensed retail locations across Alberta, with licenses to open 16 more locations across […]
Sunniva Continues To Spiral With Latest Financing
The downward spiral appears to have continued for Sunniva Inc (CSE: SNN), who this evening announced its second financing for the month of August. Today’s announcement consists of US$1.5 million being raised in the first tranche of an overall US$7.5 promissory note financing which is expected to close by the end of September. Earlier this […]
WeedMD Reports Second Quarter Revenue of $7.97 Million, Positive Net Income
WeedMD Inc (TSXV: WMD) reported revenues after the bell this evening, recording net revenues of $7.97 million for the period ended June 30, 2019, meeting preliminary revenue guidance provided by the company on August 7. Revenues also beat analyst estimates, with Haywood previously anticipating $5.7 million in earnings for the second quarter. Total gross margin […]
Acreage Holdings’ Alternate Financial Reporting Universe
In keeping with the reporting pattern established over the company’s short, action-packed life, Acreage Holdings (CSE:ACRG.U) quietly filed their quarterly earnings statements this past Friday after market. A full ten days prior, Acreage issued a press release about these same earnings, along with a slide deck meant to help investors follow along through a conference […]
Green Growth Brands Closes on Henderson, Nevada Dispensary
Green Growth Brands (CSE: GGB) announced this morning that it has completed the acquisition of its second The+Source location in Nevada. Operating under Henderson Organic Remedies, the option to purchase was initially issued on December 14, 2018. While the terms of the acquisition are a bit atypical, the 2,693 square foot retail location located in […]