Sundial Growers Issues Response to Report of Zenabis Returning 554 Kilos of Cannabis
Sundial Growers Inc (NASDAQ: SNDL) quietly issued a response this morning to a report made by MarketWatch on Friday, indicating that the supplier had had roughly $2.5 million in inventory returned by Zenabis Global (TSX: ZENA) earlier this year. Sundial had not previously reported the event. Within the article, it was identified that the product […]
Canntrust Product Returned by Ontario Cannabis Store
More than a month after Canntrust Holdings (TSX: TRST) (NYSE: CTST) announced to the public that it was under investigation from Health Canada related to the firm illegally growing cannabis in unlicensed rooms, the Ontario provincial distributor has responded to the news. Perhaps defining how quick government agencies are to work with each other, the […]
Tinley Beverage Releases Much Awaited Corporate Update
Tinley Beverage Co (CSE: TNY) released its much awaited corporate update this morning, providing the market with news on the current status of its operations across the largest cannabis market in the world. With an encompassing review of operations, investors are able to now get a sense of where the issuer stands in the Californian […]
What Happened to Sunniva?
Sunniva Inc (CSE: SNN) took a major haircut this week after the company informed investors that it was experiencing a number of issues with its California based operations. The issuer indicated that not only was its Cathedral City, California facility delayed due to construction issues, but cash was running low as a result of a […]
Citron Calls Markolpolos GE Short Report Reckless, Dishonest, and Secretive
This afternoon, Andrew Left’s outfit Citron Research took on Harry Markolpolos’ GE Short report issued yesterday. In the report, Citron states aggressive accounting and fraud are “two different animals.” Explaining the SEC has allowed aggressive accounting for years and believe that if GE was committing fraud it would mean thousands of accountants, auditors, and CFOs have […]
Jersey Score! theScore Granted Initial Approval for Sports Wagering Activities in NJ
Today theScore (TSXV: SCR) announced they have received initial approval from the New Jersey Division of Gaming Enforcement (DGE). The approval is for a subsidiary, Score Digital Sports Ventures, which would allow for Internet and mobile sports wagering activities in the state of New Jersey. In accordance with the DGE’s procedures, theScore will undertake a […]
Auxly Reports Revenues of $2.31 million for Second Quarter
Auxly Cannabis (TSXV: XLY) reported its second quarter earnings for fiscal year 2019, indicating the firm had generated $2.31 million in revenues for the period ended June 30, 2019. Auxly’s posted a corresponding net loss of $14.19 million for the quarter. Revenues were broken up into two segments, with research contracts and other recognizing revenues […]
Vanmala Speaks: Canopy Growth Ain’t Sellin’ Oil
Anyone following the cannabis space has learned there are a couple of writers that are must read television, and I don’t think anyone would disagree that one of those is National Post writer, Vanmala Subramaniam. This morning Vanmala published a piece giving us further insights into Canopy Growth Corp’s (TSX: WEED) (NYSE: CGC) sales mix. […]
The Deep Dive’s Canopy Growth Corp Earnings Explainer
It was blood in the pot market streets today, and the site of the main bleed was 1 Hershey Drive. Sector bellwether Canopy Growth Corp (TSX: WEED) (NYSE: CGC) printed a $3.70 per share loss, lending gravity to an ongoing crisis of confidence in the marijuana sector. Canopy’s downward gap towards its support level this […]
Harry Markopolos Calls General Electric “GEnron,” Presents Case for Insolvency
This morning famous CFA and Certified Fraud Examiner, Harry Markopolos released his latest short target, General Electric (NYSE: GE). A website popped up this morning with the domain GEFraud.com where the investment community can take a look at the thesis. Harry pens in his introduction: This fraud is bigger than Enron and Worldcom combined. Many […]