Delta 9 Cannabis Posts Revenues of $8.88 Million
Delta 9 Cannabis (TSXV: DN) filed its second quarter financials after the bell today, recognizing $8.88 million in revenues with a net loss of $1.31 million for the quarter ended June 30, 2019. The revenues beat prior guidance provided by the firm for revenues of $8.1 to $8.8 million. While Delta 9 also guided towards […]
Harvest Health Files Second Quarter Financial Statements
Harvest Health and Recreation (CSE: HARV) filed its second quarter interim financials late last night, posting revenues of US$26.6 million, an increase of 38.21% on a quarter over quarter basis. While the financials were filed last night, revenue details were press released by the firm back on August 15. The reason for the delay in […]
James Wagner Cultivation Posts 32% Increase to Quarter Over Quarter Revenues
James E. Wagner Cultivation Corporation (TSXV: JWCA) announced its third quarter 2019 financial results yesterday, registering $749,000 in sales for the three month period. Revenues were up 32% on a sequential quarter over quarter basis for the firm, largely due to operational excellence. This growth in revenue is attributable to a 28% increase that James […]
iAnthus Capital Holdings Generates US$19.2 Million in Second Quarter Revenues
iAnthus Capital Holdings (CSE: IAN) filed its second quarter 2019 financials late this evening, posting revenues of US$19.20 million for the three months ended June 30, 2019, a 99.58% increase over the previous quarter. Gross profit came in at $9.19 million for the quarter before unrealized changes in the fair value of biological assets. Expenses […]
Will Tilt Holdings Earnings Meet Expectations?
Times are tough for embattled cannabis boom story stock TILT Holdings (CSE:TILT). A $20 million bridge loan this past April done at credit card interest rates was rolled into an 8% convertible note this past July… at least… that was the plan. There hasn’t yet been a follow-up to TILT’s July 16th news release outlining […]
theScore Receives Approval for Full Operation of Online Sports Betting in New Jersey
theScore Inc (TSXV: SCR) quietly announced this morning that it had received full regulatory approval from the New Jersey Division of Gaming Enforcement to proceed with full implementation of its sports betting app within the state. While previously only operating under a soft-launch license with limited users, the mobile app will now be available for […]
Curaleaf Sells Property to Free Up Cash
Curaleaf Holdings (CSE: CURA) announced this morning that it will be selling six of its properties to fund its ongoing capital intensive operations. The sale will take the form of a sales-leaseback, enabling the firm to free up additional funds while still maintaining its operational presence in key locations. Details of the current transaction are […]
Republican Strategist: Tired of People Shooting Up Marijuana and Poopin’ in the Streets
Yesterday on Fox News program Outnumbered David Avella, Republican Strategist and president of GOPAC, discussed a new resolution put forward by San Francisco to help formerly incarcerated individuals integrate into society after they complete their sentences. Avella suggested this has some unintended consequences such as having people “pooping” in the streets of the Bay Area. […]
June Cannabis Sales See 6.1% Month Over Month Increase in Canada
Stats Canada has published retail sales data for the sale of cannabis for the month of June as of this morning. The country as a whole purchased $91.12 million in cannabis during the month of June, an increase of $5.31 million from the month prior, suggesting that demand is steadily increasing as marijuana becomes normalized […]
Steve Eisman Short Canadian Tire
For fans of the movie “The Big Short” when Steve Eisman makes an appearance on BNNBloomberg it’s always a treat. Eisman recently came on to discuss his short thesis on Canadian Banks and dropped a tidbit near the end of yesterday’s interview. He is short Canadian retailer Canadian Tire (TSX: CTC): “The only other position […]