Chuck Rifici Out! Auxly Moves On
This morning Auxly Cannabis Group (TSXV: XLY) announced they are moving forward with a succession plan at the CEO position. Auxly Board named Hugo Alves, current President to succeed Chuck Rifici as CEO, effective August 27, 2019. Rifici will continue to serve as Chairman of Auxly’s Board of Directors. It’s been an honour to serve […]
Wild $FIRE: What Happened at Supreme?
Toronto-based Supreme Cannabis Co. (TSX: FIRE) has been caught in the same low-volume slide off of a second peak as most of its peers since the end of March. But the selling intensified this past week, as $FIRE traded some 15.4 million shares in the shortened week, with 12 million shares exchanging hands on Friday […]
WeedMD: A Look Back at The Last 7 Months
This week WeedMD investors received a taste of the future when the company announced they were beating estimates posting $8M in Q2 revenue. I thought I would do a quick Sunday morning post looking at the overall execution the company has demonstrated in the first half of 2019. Also a Retail Play: Pioneer Cannabis In […]
Agraflora Organics to Make Takeover Bid for Eviana Health
Agraflora Organics (CSE: AGRA) announced yesterday evening that it intends to launch a takeover bid for that of Eviana Health Corporation (CSE: EHC), citing a strong rationale for the transaction to occur. Eviana Health is currently focused on hemp operations, with a license to cultivate the crop in Serbia. Within the press release, it is […]
Abattis Bioceuticals Narrowly Avoids Delisting from Canadian Securities Exchange
Abattis Bioceuticals Corp. (CSE: ATT) appears to have avoided delisting from the Canadian Securities Exchange, if only narrowly. The equity was to be delisted at the close of market this evening as per the CSE bulletin. Abattis appears to have avoided the delisting event thanks to finally filing its audited financial statements late last night. […]
KPMG Withdraws Audited Reports for Canntrust Holdings
Canntrust Holdings (TSX: TRST) (NYSE: CTST) announced this morning that its auditor, KPMG LLC, would be withdrawing its audited reports for periods as far back as ending December 2018 following the issuers unlicensed cultivation debacle. While KPMG remains Canntrust’s auditor at this point in time, the firm indicated that the reports should no longer be […]
Organigram, Delta 9 to Move to Toronto Stock Exchange
Organigram Holdings (TSXV: OGI) (NASDAQ: OGI) and Delta 9 Cannabis (TSXV: DN) both announced this evening that they will be moving to the Toronto Stock Exchange from that of the junior Venture Exchange. The issuers have both received conditional approval from the TSX for the move. In the case of Delta 9 Cannabis, the Manitoba-based […]
Can Pyxus International’s Cannabis Operations Save Their Declining Revenues?
Pyxus International (NYSE: PYX) posted declining revenues for its first quarter of 2020 today after the bell, with revenues of US$276.7 million for the quarter, down 4.9% from a year earlier. The 145 year old tobacco giant became popular once again late last year after it was announced it was stepping into the cannabis market […]
An Illustrated Look Ahead at The Green Organic Dutchman’s Earnings
People’s Champ potstock The Green Organic Dutchman (TSX: TGOD) is set to kick off a big earnings week this coming Tuesday. The $720M enterprise value company hasn’t lost its knack for staying in the press, announcing yesterday that it has made an application for a listing on the NASDAQ, where some more developed Canadian producers […]
Cresco Labs Receives Regulatory Approval in New York
Cresco Labs (CSE: CL) announced this morning that it had received regulatory approval to proceed with its asset purchase in the state of New York. The acquisition is for one of ten currently issued vertically integrated cannabis licenses within the state. The acquisition, for the assets of Gloucester Street Capital, LLC, will occur between an […]