Nemaska Lithium Applies to Effectively Cancel US$350M Senior Secured Bond
Nemaska Lithium (TSX: NMX) announced this morning that it had acknowledged a “set-off” in its 2018 senior secured bonds which amounts to US$350 million. In layman terms, as per Wikipedia, a set off is “the right of a debtor to balance mutual debts with a creditor.” As a result of acknowledging the set-off in the […]
OG DNA Genetics to List On Canadian Securities Exchange
OG DNA Genetics announced this morning that it will complete its previously announced business combination with that of Generic Gold Corp (CSE: GGC) resulting in DNA Genetics becoming a listed issuer. The firm will be listed as “OG DNA Holdings Inc” on the Canadian Securities Exchange. Little information was provided by the two firms within […]
Bruce Linton Returns to Cannabis Sector, Takes Stake in Slang Worldwide Amid Others
Bruce Linton has returned to the cannabis sector. The co-founder and former co-CEO of Canopy Growth Corp (TSX: WEED) (NYSE: CGC) announced this morning that he would be taking an activist investor role in Slang Worldwide (CSE: SLNG) and OG DNA Genetics, while taking an active advisor role in Gage Cannabis, Better Choice Company (OTCMKTS: […]
RMMI Corp Financing is a Harbinger for Cannabis Sector Funding
The difficulty of raising funds in the cannabis sector is becoming extremely evident. This morning, RMMI Corp (CSE: RMMI), parent company of Rocky Mountain Marijuana Inc, announced that it had obtained a secured note financing. The terms of which are not overly rosy. The kicker, however, is that the secured note is only to the […]
Namaste Technologies’ CannMart Signs Distribution Agreement with BC Regulator
Namaste Technologies (TSXV: N) announced a significant milestone Monday morning, indicating that they had signed their first supply agreement with a government agency. The BC Liquor Distribution Branch will be the first provincial body in which Namaste’s CannMart sells products to after signing a purchase agreement for a number of preroll products. While quantities were […]
Cresco Labs Enters US$282.5 Million Purchase Agreement for Tryke Companies
Cresco Labs (CSE: CL) announced this morning that it has entered a purchase agreement to the tune of US$282.5 million to acquire Nevada-based Tryke Companies. The firm has notable assets in the states of Nevada, Arizona, and Utah. Total consideration for certain assets of Tryke Companies will total out at $252.5 million for operating assets, […]
Fake Meat Issuer Modern Meat Inc Coming to Canadian Securities Exchange
Fake meat is coming to the Canadian Securities Exchange. Friday after the bell Navis Resources Corp (CSE: SUV) announced that it would be performing a business combination transaction with that of Vancouver, BC based Modern Meat Inc. Modern Meat is the latest go-public transaction of a plant-based meat alternative product, which has become a popular […]
Former Wayland Group CEO Accused of Fraud by Ontario Securities Commission
It’s been a rough week for former Wayland Group (CSE: WAYL) CEO Ben Ward, who has seen both a class action filed against him as well as a Notice of Hearing which was filed Friday. The Notice of Hearing is related to the time he spent at Cannada Cannabis Corp, wherein the Ontario Securities Commission […]
Aurora Cannabis is the New Champ; But Being Champ Isn’t Cheap
Aurora Cannabis Inc. (TSX:ACB) (NYSE: ACB) filed its year-end earnings for fiscal 2019 Wednesday aftermarket, the longtime number one contender removing all existing doubt about its rights to the title. ACB leads the Canadian cannabis sector in production, sales and revenue. Having got there using the blunt force trauma of money, they also lead in […]
CannTrust To Be Removed from S&P/TSX Composite
This evening S&P Dow Jones Indices released the rebalancing results for the S&P/TSX Composite Index. The changes will be effective prior to the open of trading on Monday, Sept. 23, 2019. The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the Toronto Stock Exchange with about […]