DionyMed Brands Restructures Debt, Gets Punished by Markets
DionyMed Brands (CSE: DYME) resumed trading this morning after a two day halt, and it appears that investors are punishing it hard. The equity is currently down over 50% on the news that it has restructured its debt facilities. As a result of Monday’s announced effort to restructure its debt facilities, Dionymed has accessed an […]
Aura Health Signs 5-Year Israeli Supply Agreement
Aura Health (CSE: BUZZ) announced this morning that it has signed its first supply agreement within Israel. The multi year supply agreement will see Northern-Israel based My Green Fields Ltd ship a minimum of 500 kilograms of cannabis per annum to Aura’s Germany-based Pharmadrug GmbH. The multi year agreement, which is for a total term […]
Medipharm Labs and Cronos Group Sign Second Manufacturing Agreement
Medipharm Labs (TSX: LABS) and Cronos Group (TSX: CRON) (NASDAQ: CRON) have entered into their second manufacturing agreement of the year. Under the new multi year agreement, Medipharm is to fill and pack vaporizor devices for Cronos Group’s recreational brand Cove, pending approval from Health Canada. The white label agreement is for a term of […]
iAnthus Expands Nevada Footprint Through Acquisition of Sierra Well
iAnthus Capital Holdings (CSE: IAN) this morning announced that it is acquiring additional assets in the state of Nevada. In total, the firm has acquired six new licenses in a $US27.6 million transaction that is expected to close in the first half of 2020. The licenses consist of two retail, two cultivation, one processing, and […]
A Brush Up On CUV Ventures’ Operation
CUV Ventures Corp (TSXV: CUV) was the number one volume trader on the TSX-Venture exchange this past Friday. It does that every once in a while. The $30 million market cap company gathers steam in discussion forums at irregular frequencies among opaque references about timing, despite no coherent focus in its narrative. Venture investors are […]
Millennial Esports to Vote On Second Consolidation of The Year
Millennial Esports Corp (TSXV: GAME) announced Tuesday after the bell that it would be changing its name and proposing a share consolidation at its annual general meeting to be held in the first half of October. The consolidation would be the firms second of the year. The proposed name change, to that of Torque Esports […]
Flower One Sells Neeham Property in Leaseback Arrangement
Flower One Holdings (CSE: FONE) announced this morning that it will be selling its North Las Vegas indoor cultivation and production facility. The sale is part of a sale-leaseback agreement that will see Flower One receive US$20 million in exchange for the property. The property, known as the Neeham Property, was acquired as part of […]
Supreme Cannabis Reports Revenues of $19.0 Million for Fourth Quarter
The Supreme Cannabis Company (TSX: FIRE) announced its fourth quarter financial results this evening, recognizing $19.0 million in net revenues for the quarter, and $41.8 million in net revenues for FY2019. The revenues increased significantly on a quarter over quarter basis, as per the prior guidance issued by the firm, as a result of additional […]
CannTrust Holdings Receives Notice of Suspension from Health Canada
CannTrust Holdings (TSX: TRST) (NYSE: CTST) announced this afternoon that it has received a Notice of License Suspension from Health Canada. The suspension is in relation to the illegal activities conducted at their Pelham, Ontario facility. Specifically, the firm is no longer allowed to produce cannabis, other than cultivating and harvesting, nor is it allowed […]
Yield Growth Corp To Enter Mushroom and Psychoactive Space
The Yield Growth Corp (CSE: BOSS) is newly focused on the mushroom business – both in terms of edibles as well as psychoactive medicine. The firm entered into an agreement to acquire a stake in Absolem Health Corp, a firm that is in the process of acquiring One Up Pure Energy Inc, an edible mushroom […]