Tilray Signs Definitive Merger Agreement With Privateer Holdings
Tilray Inc (NASDAQ: TLRY) announced this morning that it had signed a definitive agreement with that of Privateer Holdings which effectively extends the lock up period of 75 million shares. Originally announced on June 10 as a letter of intent, the agreement will allow for the shares to extend to a two year lock up […]
Village Farms Joint Venture Pure Sunfarms Receives Sales License
Pure Sunfarms, the joint venture between Emerald Health Therapeutics (TSXV: EMH) and Village Farms (TSX: VFF) announced this morning that it had received its sales licensing for its massive 1.1 million square foot Delta facility. Previously, Pure Sunfarms had been acquiring revenue through the business to business sale of its products to that of Emerald […]
Understanding Zenabis: A Look at Capital Structure, History, Strategy, and More!
Many moons ago, before I invested in my first cannabis stock I focused on microcaps. I was no stranger to a cute microcap named Bevo Agro. Bevo essentially propagated plants, primarily vegetables; tomatoes, peppers, cucumbers, lettuce as well as bedded plants and sold the propagated plants to greenhouses growers, nurseries and other farming operations. They […]
Wildfire Collective: Focused on a Small Scale, Craft Product
Within the public cannabis sector, there’s a notion among investors and management teams alike that bigger is always better. This can be exemplified by Aurora Cannabis’ (TSX: ACB) (NYSE: ACB) claims to 625,000 kilograms of cannabis per annum in funded capacity for 2020, or by Canopy Growth Corps (TSX: WEED) (NYSE: CGC) five million square […]
Acreage Holdings Versus Canopy Growth, Who’s Sandbagging Who?
“The trend is your friend,” and in the Cannabis sector, the trend has not been friendly to longs, a classic spring slide having turned into a hard, extended skid. New lows across the board, and the whole sector taking its cue from a leader without a leader. This author remains short Canopy Growth Corp (TSX: […]
Is Namaste Technologies back?
Namaste Technologies (TSX.V: N) was the number one traded TSX Venture stock yesterday by volume, building a third solid day of heavy trading and climbing 11% to close at $0.69. The sudden interest comes without official news and, while the volume in the Namaste social media sphere has picked up right along with the trading […]
BMO Struggling to Sell Aurora Cannabis’ TGOD Shares
Last night the Globe and Mail reported that a group of Investment Banks led by BMO Nesbitt Burns are struggling to sell their position in The Green Organic Dutchman (TSX: TGOD). In the report, sources tell the Globe roughly 40 percent of the deal is unsold. On Tuesday, Aurora Cannabis (TSX: ACB) signed an agreement […]
CannTrust Holdings Cuts 20% of Workforce
Canntrust Holdings (TSX: TRST) (NYSE: CTST) announced this evening that it will be reducing its workforce significantly as a result of its ongoing troubles at both its Pelham, Ontario, and Vaughan, Ontario facilities. The move impacts 180 employees at the company, or roughly 20% of its entire workforce. The move is being taken by management […]
EdgeWater Wireless To License Technology to Chip Makers
This morning, Edgewater Wireless Systems Inc (TSXV: YFI) announced the launch of a licensing program including access to what could be game changing IP for Wireless Internet and specifically IoT related device manufacturers. A Recap On The Technology Edgewater Wireless has patented technology that allows for inband wireless slicing to deliver faster and smoother internet […]
WeedMD to Raise $10 Million Through Bought Deal
WeedMD Inc (TSXV: WMD) announced after the bell last night that it will be raising $10 million through a bought deal with Mackie Research and a syndicate of underwriters. The raise is expected to be one of the last before the issuer reaches cash flow positive operations. Taking the form of a convertible debenture, the […]