Geyser Brands Announces Joint Venture For Craft Cannabis Infused Beverages
Geyser Brands (TSXV: GYSR) announced this morning that the firm has entered into a definitive joint venture agreement with that of Factory Brewing Ltd, who is doing business as Craft Collective. The joint venture will see the two firms jointly develop cannabis infused beverages for the Canadian market through a multi phased approach. Under the […]
Curaleaf Amends Terms of Select Brand Acquisition
Curaleaf Holdings (CSE: CURA) announced this morning that certain terms and conditions have changed related to its acquisition of Cura Partners, who are the owners of the Select brand. The acquisition includes all manufacturing, processing, distribution, and retail operations of the brand throughout the US. The terms of the original all-stock transaction have changed, with […]
Saskatchewan to Expand Cannabis Retail to Free Market Model
Saskatchewan is moving to become a free market. At least in terms of cannabis, that is. The Saskatchewan Liquor and Gaming Authority (SLGA), whom is also the government body response for cannabis within the province, announced today that it is moving towards a free market for cannabis retail in the province. Saskatchewan has previously dealt […]
VIVO Cannabis Enters Into Research Partnership with CB2 Insights
This morning, CB2 Insights (CSE: CBII) announced it has entered into an agreement with that of Vivo Cannabis Inc (TSXV: VIVO). The joint partnership will be focused on ensuring that Vivo’s current products meet potency criteria as well as safety requirements through the use of CB2’s technology. CB2 Insights is a contract research firm focused […]
John Fowler and Supreme Cannabis Part Ways
The Supreme Cannabis Company (TSX: FIRE) announced this morning that founder and current Chief Advocacy Officer John Fowler has left the firm. Fowler’s departure is effectively immediately. Fowler, who formerly served as the Chief Executive Officer of Supreme Cannabis, guided the firm through its early days as a publicly listed issuer. As one of the […]
MedMen To Appoint New Independent Board At Gotham Green’s Discretion
Following Medmen Enterprises’ (CSE: MMEN) horrendous financials filed yesterday for fiscal 2019, the firm announced that it has amended the terms of its financing with Gotham Green Partners. The new terms will see Medmen able to access funding earlier, albeit at a decreased amount. The major catch however, is that the firm will be required […]
Trulieve Announces 9.75% Senior Secured Note Offering
Trulieve Cannabis Corp (CSE: TRUL) announced it is conducting a senior secured debenture financing this morning. Details were scarce on the matter, aside from the fact that it will be conducted in conjunction with its previously filed base shelf prospectus. Little information is currently available on the financing. What is known, is that notes offered […]
Hexo Posts Fourth Quarter Revs of $15.4 Million, Loss of $56.7 Million
Hexo Corp (TSX HEXO) (NYSE: HEXO) filed its interim financial statements for the fourth quarter of 2019 tonight, recognizing net revenues of $15.39 million during the quarter, while posting a total net loss of $56.68 million. Net revenues for the full fiscal year came in at $47.34 million, as compared to $4.93 million in 2018. […]
MedMen Q4 Earnings: Burns $316M cash in Fiscal 2019
After the bell, Medmen Enterprises (CSE: MMEN) released their 4th quarter earnings. The headline for the quarter in our opinion is the combined annual cash burn of $316.87M (combined operating and investing cash flows). When I breakdown quarterly numbers, I like to look at some of the key data on a quarter over quarter basis: […]
MYM Nutraceuticals Soars in Intraday Trading
MYM Nutraceuticals (CSE: MYM) took investors for a wild ride today, with the equity soaring as much as 175% today at the high. The move has perplexed shareholders, whom are searching for answers on why the equity has moved so significantly. No material news has been released today by MYM Nutraceuticals. The firm last put […]