House Passes SAFE Banking Act: First Cannabis Bill to Ever Pass a Chamber of Congress
This afternoon the United States House of Representatives voted to pass the SAFE Banking Act. The bill passed by a vote of 321 to 103. The SAFE Banking Act is the first cannabis reform legislation ever to pass a Chamber of Congress. The bill still needs to make it through the Senate and the President. […]
SmallCapSteve Visits the New York MicroCap Conference
This week I got back to my roots: investing in microcaps. I hopped on a plane, flew down to the Big Apple, and met with over 20 microcap companies to learn about their stories. The event was held at the Essex House just on the outskirts of Central park. And I am sad to report […]
Crop Corp: Nevada Is Basically A Write-Off
Crop Infrastructure Corp (CSE: CROP) announced today that its entire Nevada operations are basically a write off due to poor operational ability. The firm notified the market via an early morning press release that nearly 850 acres of pivot irrigated land will be “released” while they attempt to rectify the remaining portion. As per the […]
Heritage Hammered: A Dive Into Heritage Cannabis’ Earnings Preview
Developing cannabis extractor Heritage Cannabis (CSE:CANN) had $10 million in cash at the end of April. A May private placement at $0.53 added $17 million, which was being spent on some very aggressive message management at a rate of $28,000 a month, on top of 1 million shares issued to outside comms firms out of […]
FSD Pharma and World Class Extraction Cancel Agreement, Enter Letter of Intent for Joint Venture
FSD Pharma (CSE: HUGE) announced this morning a revised agreement with that of World Class Extractions (CSE: PUMP), wherein the two firms have entered a letter of intent to establish a joint venture for the purpose of providing extraction services at FSD Pharma’s Cobourg, Ontario facility. The new letter of intent supersedes the previous agreement […]
WeedMD Closes Over Subscribed Financing for $13.1 Million
WeedMD Inc (TSXV: WMD) announced this morning the closing of its $12 million bought deal convertible debenture financing that was announced earlier this month. The financing saw a portion of the over allotment option exercised as well, bringing the total funds raised to $13.1 million. The bought deal financing was originally expected to be $10 […]
Medipharm Labs and TerrAscend Corp Enter $27 Million Cannabis Distillate Agreement
Medipharm Labs (TSX: LABS) and TerrAscend Corp (CSE: TER) announced a significant transaction this morning, wherein Medipharm will supply a minimum of $27 million in cannabis distillate to TerrAscend over the next two years. The contract has the potential to expand to $192 million under certain conditions. The cannabis distillate will be utilized by TerrAscend […]
Yield Growth Corp Continues Push Towards Psychedelic Mushroom Investment Narrative
The Yield Growth Corp (CSE: BOSS) is continuing to push its recently announced psilocybin mushroom narrative. The firm announced today that they have obtain a number of recipes under their new mushroom-focused subsidiary, Flourish Mushroom Labs Inc. The recipes, of which there are nine in total, were acquired for 120,000 shares of Yield Growth at […]
Auxly Cannabis Closes $84 Million Secured Credit Facility for Sunens Farms
As Auxly Cannabis (TSXV: XLY) forecloses on one client for a secured debt being in default, they’ve entered another secured financing with a different client – this time however, they secured the financing with certain assets of their own. Auxly Cannabis announced this morning that they had closed the previously announced $84 million credit facility […]
iAnthus Effectively Eliminates Dual Share Structure in Favour of Shareholders
iAnthus Capital Holdings (CSE: IAN) is looking to change the narrative. The equity as of late has been pummeled by investors as it continues to free fall, despite its dedication to continuing to execute on its strategy. A large part of this still stems from the issue earlier this year, wherein iAnthus elected to reprice […]