Cronos Group Reports Revenues of $10.2 Million For Second Quarter
Cronos Group (TSX: CRON) (NASDAQ: CRON) announced its second quarter financials this morning, reporting net revenues of $10.2 million and an adjusted EBITDA of -$17.72 million. The numbers are rather lackluster when compared to peers within the cannabis industry, leaving many scratching their heads as to why Cronos currently has such a high valuation. During […]
Abattis Bioceuticals to Delist from Canadian Securities Exchange
Abattis Bioceuticals Corp (CSE: ATT) is to delist from the Canadian Securities Exchange. The reason behind the delisting is related to the company failing to comply with the regulations of the exchange. Initially suspended from the Canadian Securities Exchange on February 6, 2019, the suspension was the result of Abatiis management failing to file year […]
Beleave Enters Letter of Intent to Merge with TerraFarma
Beleave inc (CSE: BE) announced after market hours today that it had signed a non-binding letter of intent to combine with that of TerraFarma Inc. Details are currently scarce on the matter. The two entities have entered a 30 day discussion period related to the potential transaction. TerraFarma Inc is a currently private licensed producer […]
Weology: We Read Peter Aceto’s Book So You Don’t Have Too
The recent flood of interest in CannTrust Holding’s (TSX: TRST) (NYSE: CTST) cultivation assets from competing licensed producers is hardly surprising. CannTrust used those facilities to grow good volumes of good product before Health Canada caught wind of the fact that they weren’t doing it as prescribed. Any LP in Canada would be interested in […]
The Green Organic Dutchman Files to Up List to NASDAQ
The Green Organic Dutchman (TSX: TGOD) announced this morning that it had submitted its application to trade on the NASDAQ. Subject to regulatory approvals, the firm has reserved the same TGOD ticker for use on the platform once approved. Upon approval, The Green Organic Dutchman will join several of its peers on the exchange. While […]
WeedMD Announces Preliminary Second Quarter Revenues Beating Analyst Estimates
WeedMD Inc (TSXV: WMD) provided preliminary guidance for their second quarter financials of 2019 this morning. Additionally, the firm also established the date of August 29, 2019 for its associated conference call, with filings expected to be released after market close the day before. WeedMD indicated that investors can anticipate revenues of $8 million net […]
QYOU Media Partners with ZEE5, It’s Sixth Major Platform in India
QYOU Media (TSXV: QYOU) announced this morning that it had signed with its sixth major platform in India via its The Q India network. The over the top (OTT) programming platform, known as ZEE5, is one of the fastest growing platforms in the region and marks QYOU’s second distribution agreement. India is expected to be […]
Aurora Guides to 54% Increase in Revenues Quarter Over Quarter
Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced preliminary earnings results this morning for the period ended June 30, 2019. The company indicated that on an unaudited preliminary basis, revenues are expected to be up 53.6% quarter over quarter on low end estimates to $100 million for the three month period. Providing total guidance of $100 […]
Green Growth Brands to Open 100th CBD Kiosk in 7 Months
This morning Green Growth Brands announced they will be opening their 100th CBD Kiosks in 7 months in malls across America. The 100th Seventh Sense Botanical Therapy mall-based shop will open on Thursday, August 8th. The first Seventh Sense shop opened in early February. They listed their locations for the first 105 stores in the […]
Aphria Is Back: Earnings Recap
In a rousing followup to a dismal February quarter, Aphria Inc. (TSX:APHA)(NYSE:APHA) stood and delivered at year end, turning in a year end and quarterly earnings report that delighted the faithful and caused an epidemic of hope in a beleaguered marijuana sector. The headlines centered around a big revenue number, strong sales growth, and the […]