Roadman Investments To Establish Psychedelic Conference for Investors
Roadman Investments (TSXV: LITT), a firm focused on the production of mushrooms, announced this morning that it has formed a committee to establish the first ever psychedelic summit in Denver, Colorado. It is believed that the summit will be geared towards investment in the psychedelic space, an emerging market as a result of the recent […]
BMO Blocking Retail Investors From Shorting Pot Stocks?
Last night, Victor Ferreira of the National Post reported that BMO is no longer allowing investors to short cannabis stocks directly through their self-directed brokerage accounts. The reporter spoke with four investors who all relayed similar experiences. The reasoning from BMO’s side is due to the risk from volatility. They also mention Tilray is currently […]
TILT Holdings: Jupiter is Carrying the Show
Like a weekly episode of a network sitcom, TILT Holdings (CSE: TILT) second quarter was different enough thematically to not be called a re-hash of the last one, while keeping to the formula and structure that makes for the roots of the serial. The episodes are clearly being made in a factory by commercial creators […]
Planet 13 Averages Over 2,000 Customers A Day In August
This morning Planet 13 (CSE: PLTH) gave a corporate update which showed the Superstore is continuing to crush it in Las Vegas. The company had another month with over 2,000 customers and an average ticket price above $90. What’s impressive? Over the last few months of available State Wide data, Planet 13 has over a […]
GTEC Subsidiary Sells Assets to Fire and Flower
GTEC Holdings (TSXV: GTEC) announced this morning that its 25% owned retail operation known as Cannabis Cowboy will be selling off assets to that of Fire & Flower Holdings Corp (TSX: FAF). The assets are all located within Alberta. The sale, which consists of a number of undeveloped permits, will allow Cannabis Cowboy to repay […]
Is Aurora Cannabis Dumping The Green Organic Dutchman?
Aurora Cannabis (TSX: ACB) (NYSE: ACB) appears to be shopping its final holdings in The Green Organic Dutchman (TSX: TGOD) to institutional and accredited investors. An apparent email was distributed to numerous accredited investors this afternoon indicating that the firm was looking to sell its position. In total, Aurora Cannabis appears to be selling its […]
Tilray Rumoured To Be In Talks With Tobacco Firm
Tilray Inc (NASDAQ: TLRY) saw plenty of action today despite widespread reports that its “biggest bull” had downgraded the price target on the equity. Cowen & Co had cut their price target significantly for the equity from $150 to $60 – less than half the prior target. Cowen left the equity with a rating of […]
theScore Announces Significant $40 Million Financing
Score Media and Gaming Inc (TSXV: SCR), formerly known as theScore Inc, announced a massive financing today for the microcap, to the tune of $40 million. Coming in the form of a convertible debenture, the financing is being provided by Fengate Asset Management. With current assets totaling only $27.70 million as of May 31, the […]
CannTrust to be Dropped From the S&P/TSX Composite
Yesterday the Globe and Mail reported that CannTrust Holdings is expected to be dropped from the S&P/TSX composite at the end of September. AltaCorp managing director Chris Murray said that, as a rule, index investors hold about 5.5 per cent of a company’s public float and sell the stock when a company is dropped. Removing […]
The Green Organic Dutchman Reaches Full Capacity at Hamilton Facility
The Green Organic Dutchman (TSX: TGOD) announced early this morning that Health Canada has granted approval for the cultivation of cannabis at its final phase of its Ancaster, Ontario facility. Also known as the Hamilton facility, the building contains a footprint of 166,000 square feet. After years of fighting City Hall in Hamilton, TGOD has […]