Lifestyle Delivery Systems Announces Reverse Split, Name Change
Lifestyle Delivery Systems (CSE: LDS) shares tumbled this morning after the firm announced that it will be conducting a reverse split to lower the amount of outstanding shares at the firm. The firm did not announce a date associated with the transaction, stating that its up to the approval of the Canadian Securities Exchange. The […]
MYM Nutraceuticals Attempts to Back Out of BioHemp Naturals Deal Two Weeks After Closing
It appears MYM Nutraceuticals (CSE: MYM) love for hemp has come to an abrupt end. Just two weeks after closing a 50% purchase of BioHemp Naturals MYM is trying to rescind the transaction after yields look like they’ll be nowhere near what the joint venture partner forecasted. MYM Nutraceuticals first announced the 50% purchase of […]
The Green Organic Dutchman’s Long Awaited Commercial Debut Will be Awaited a While Longer
A very patient and enthusiastic The Green Organic Dutchman (TSX: TGOD) shareholder base anticipating a real world demonstration of the commercial organic cultivation capabilities that have been built up as a narrative by the company were kept waiting yesterday, as TGOD printed cannabis revenues that were frankly embarrassing. Yesterday morning, the stock gaped down on […]
Green Growth Brands Returns to the Trough Again, This Time for US$127 Million
Green Growth Brands (CSE: GGB) has become a cash incinerator. On July 31, it closed a raise for C$41.48 million, just days after it had announced the bought deal was for up to C$50.2 million. At the time, they had provided a number of justifications for the deal – the majority of which The Deep […]
Canopy Growth Posts $1.28 Billion Net Loss in Q1 2020
Canopy Growth Crop (TSX: WEED) (NYSE: CGC) posted an over one billion dollar loss in the first quarter of fiscal year 2020 for the firm. The loss came in at over $1.28 billion on a net basis, with net revenues of $90.5 million for the quarter. Revenues were down on a quarter over quarter basis, […]
Sundial Reports Q2 Earnings with Significant Related Party Transactions
This morning Sundial Farms (NASDAQ: SNDL) reported their second quarter of financial earnings, here is a quick Deep Dive breakdown of the results. About Sundial Farms Sundial is a cannabis and ornamental producer. They currently produce cannabis in two facilities in Alberta with a third facility currently under construction in British Colombia. They recently closed […]
The Looming Issue of Convertible Debt in the Canadian Cannabis Sector
The Canadian cannabis sector has a looming problem that few people want to address. No, we’re not talking about the massive goodwill issue as identified by Marketwatch last night. Nor are we talking about the price suppression expected to be seen in the near term for the sector as whole. Rather, we’re focused on a […]
Aleafia Healths Posts Revenues of $3.83 Million for Q2 2019
Aleafia Health (TSX: ALEF) reported net revenues for the second quarter of $3.83 million this morning, with a net loss of $11.47 million. Total cannabis revenue during the quarter grew to $2.53 million, a 377% increase over the previous quarter. Total gross profit amounted to $0.55 million for the three month period, before fair value […]
Zenabis Posts Second Quarter Earnings, Increases Design Capacity
Zenabis Global (TSX: ZENA) reported its second quarter results this morning, revealing it had generated revenues of $25.04 million on a net basis. The firm posted a net loss of $18.49 million over the quarter. While the revenues generated represent a 115% quarter over quarter increase,the firms net loss saw an increase of 324%. While […]
Charlotte’s Web Sees Marginal Quarter over Quarter Sales Growth
This morning Charlotte’s Web (TSX: CWEB) release their second quarter earnings. Some of the highlights from the quarter include: Revenue of $25M, a quarter on quarter growth of 15.3%, and year over year of 45%. Adjusted EBITDA of $3.9 million, down 15% quarter on quarter and down 35% year over year Net income of $2.2 […]