Wayland Group Cancels Transaction with ICC International Cannabis Corp, Blames Health Canada for Construction Delays
Wayland Group (CSE: WAYL) issued a corporate update this evening, identifying that it has terminated the sale of its international assets to that of ICC International Cannabis Corp (CSE: WRLD.u). No reason was provided for the cancellation of the sale. The transaction between Wayland and ICC was originally announced earlier this year, with ICC to […]
Pharmadrug Signs Five Year Supply Agreement With Canada House Wellness
Canada House Wellness (CSE: CHV) and Pharmadrug (CSE: BUZZ) jointly announced today a five year supply agreement that will see Canada House’s product exported to Germany. The agreement, which will see annual minimum exports of 250 KG in the first year, is set to commence in 2020 upon regulatory approval. The supply agreement is structured […]
Namaste Technologies Posts Third Consecutive Quarter of Declining Revenues
Namaste Technologies (TSXV: N) posted their third straight quarter of declining revenues this week, recognizing $3.8 million in revenues for the three month period ended August 31, 2019. Figures were down on a year over year basis as well, with the firm recognizing $3.9 million in revenues in Q3 2018. Despite declining revenues, to their […]
Curaleaf Partially Closes Acquisition of Acres Cannabis
Curaleaf Holdings (CSE: CURA) has partially completed its acquisition of Nevada-based Acres Cannabis. The acquisition, which was originally announced in March of this year, includes a 269,000 square foot cultivation facility, as well as 3,200 square foot processing lab. The assets that Curaleaf has closed on are all located in Amargosa Valley, and referred to […]
Liberty Health Sees Revenue Grow 92% Quarter Over Quarter to $10.6 Million
Liberty Health Sciences (CSE: LHS) released its second quarter 2020 financials this evening, posting net revenues of $10.6 million for the three month period ended August 31, 2019. The firm posted a net income of $22.8 million for the quarter, thanks in part to a $14.7 million unrealized gain in biological assets, and the sale […]
Quebec Passes Bill 2, Raising Legal Age for Cannabis to 21
Cannabis law in Quebec is about to change. As of January 1st, one of the most vulnerable age groups will no longer be able to legally purchase cannabis products. The Quebec provincial government has just passed a bill which will change the legal age to use cannabis from 18 to 21, and the action is […]
MYM Nutraceuticals Posts No Q1 Revenues, Spends $1.45 Million on Advertising
MYM Nutraceuticals (CSE: MYM) filed its first quarter 2020 financials this afternoon, indicating that it has failed to generate any revenues as of yet despite numerous deals currently underway. The firm recognized a net loss of $4.36 million for the quarter. Despite the lack of revenues, MYM was not shy when it comes to expenses. […]
August Posts 10% Month Over Month Cannabis Sales Increase
Health Canada has released its latest data on cannabis demand and supply this week, with the figures reported indicating a slow and steady increase in cannabis adoption across Canada. The latest data, which is for month of August, shows that 12,917 kilograms of cannabis, and 11,705 litres of oil were sold during the month. While […]
Emerald Health Reduces Workforce 33%, Replaces CFO
Emerald Health Therapeutics (TSXV: EMH) made it known to the public this morning that it has reduced its workforce by approximately 33% since August 1, 2019. The workforce reductions evidently have also included members of the executive team, with Chief Financial Officer Rob Hill and Chief Operating Officer Sean Rathbone also included in the departures. […]
Auxly Cannabis Reduces Convertible Debt by $95 Million
It appears that Auxly Cannabis (TSXV: XLY) has had a great response to its previously proposed convertible debenture conversion price reduction. The firm announced this morning just under $16 million worth of convertible debt had been converted by debtholders. In total, 21,602,460 common shares were issued at a conversion price of $0.74 over the last […]