Heritage Cannabis, A Fundamental Takedown?
Over the weekend, Braden Maccke over at Fundamental Hype put together a piece looking at Heritage Cannabis, titled “Everybody’s Selling Something.” It’s worth a read and highlights some great points for anyone active on FinTwit. It appears the post was originally brought about after Cannalyst, Mollytime, decided to take his own deep dive into Heritage’s […]
Wayland Group Enters Non-Binding Letter of Intent to Sell Canadian Assets
Wayland Group (CSE: WAYL) announced late this evening that it has signed a non-binding letter of intent to sell off its Canadian assets to that of cryptocurrency miner Cryptologic Corp (CSE: CRY). The two parties have reportedly entered a binding exclusivity period which expires September 15, 2019. The transaction is to consist of Wayland Group’s […]
WeedMD Joint Venture Partner Pioneer Cannabis Launches First Location
Pioneer Cannabis unveiled their first location today in Burlington, Ontario. A joint venture between WeedMD (TSXV: WMD) and Pita Pit, the store is the first of many anticipated to be opening across the province. The 4,000 square foot location – one of the largest in Ontario – is located just off of two major highways […]
Aleafia Health Rumoured to Be Placing Hostile Bid for Canntrust Holdings
Aleafia Health (TSX: ALEF) is rumored to be placing a hostile bid for Canntrust Holdings (TSX: TRST) (NYSE: CTST). The news was disseminated across a number of media outlets before being quickly pulled. Full details were expected to be released this morning based on sources. Before being pulled from media outlets, it was reported that […]
WeedMD Secures Additional Cultivation & Processing Space at Strathroy
WeedMD Inc (TSXV: WMD) announced this morning that it had secured from Health Canada an amendment to its existing cultivation license at its Strathroy, Ontario site. The amendment allows for cultivation and processing in twenty additional rooms, bringing the grand total to twenty cultivation rooms for the facility. Sitting at 10,000 square feet in size […]
Aphria: Earnings Reactions Very Positive
This morning Aphria is up over 30% in pre-market. We rolled together the reactions of various writers, blogs and social media for anyone looking for a quick summary: Over at MarketWatch, Max Cherney writes that “its fiscal 2020 guidance was likely one of the other reasons shares rose more than 30% in the extended session […]
CannTrust Facing Ontario Securities Commission Investigation
CannTrust has announced they expect to be late filing their earnings, in a Tuesday evening release, they said the following: Canntrust will likely miss its filing deadline of August 14, 2019 to file an interim financial report for CYQ2. The Ontario Securities Commission (OSC) has notified CannTrust that an investigation has been assigned to the […]
Aphria Releases Q4 Earnings
After the bell Aphria released earnings for Q4 and FY2019. The highlights include: Net revenue of $128.6 million in the fourth quarter, an increase of 75% from prior quarter and 969% from prior year. $99.2 million worth of distribution sales from CC Pharma, a German medical marijuana distributor, and other distribution outfits. Revenue for adult-use […]
#Potstocks Enters Earnings Season of August
With the advent of August arriving, it typically means two things for those that closely following the cannabis sector. First, is that the worst is almost over in terms of share price deteriorating based on historical cycles. Second, is that earnings season has begun for second quarter results. For the latter, we’ve compiled some data […]