The Green Organic Dutchman Looks to Sell Ancaster Facility in Leaseback Arrangement
The Green Organic Dutchman (TSX: TGOD) is looking to sell its Ancaster, Ontario facility based on a copy of an offering memorandum obtained today by The Deep Dive. The document outlines that the firm is looking to initiate a sale leaseback arrangement, similar to what numerous US-based competitors have entered as of late with firms […]
Bonify Holdings Reinstated: Is There Now Hope For Canntrust Holdings?
There might be hope for Canntrust Holdings (TSX: TRST) (NYSE: CTST) and its shareholders after all. Today, after an extensive 8 month period Bonify Holdings has seen its license with Health Canada reinstated. The privately held producer originally saw its license suspended in February 2019. The reinstatement marks the first time that a suspended license […]
Can Cresco Labs Afford Origin House?
Last night, Cresco Labs (CSE: CL) made it known to the public that the waiting period for its acquisition of Origin House (CSE: OH) has passed. The waiting period was a result of the second request issued by the Department of Justice related to anti trust laws. However, despite the announcement, uncertainty remains on the […]
DionyMed Brands to Enter Receivership
DionyMed Brands (CSE: DYME) put out a release this afternoon indicating that they have received a petition filed by GLAS America with the Supreme Court of British Columbia. The petition is seeking the appointment of a receiver for DionyMed’s assets following the Notice of Default issued earlier this month, and the subsequent Notice of Intention […]
Hexo Corp to Delay Q4 Results, Conduct $70 Million Financing Pennies Above 52 Week Low
Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced this afternoon that it will be delaying its fourth quarter financials, which were originally expected to drop tomorrow during premarket hours. The delay is a result of the firm announcing a $70 million debenture financing, in which insiders are expected to take slightly over 10% of the total […]
Canadian Retail Cannabis Sales Continue to Climb
Canadian retail sales of cannabis continue to climb on a month over month basis across the country, a good sign for licensed producers and investors alike. The continuous growth is an early sign that use of cannabis is slowly becoming normalized as consumers continue to increase their use and retail locations continue to open their […]
Sundial Makes Multiple Executive Changes Months After Going Public
Sundial Growers (NASDAQ: SNDL) is making key management changes, only months after its go public transaction. The move was announced this morning by the firm, who will see its President step away from the firm, as well as the President of Europe. Geoff Thompson, currently President of Sundial Growers, will be leaving the firm and […]
Tantalus Labs Signs Agreement With Zenabis for Cannabis Cultivation
Tantalus Labs appears to be inching ever closer to a go-public transaction, announcing this afternoon to the public that it has entered a definitive agreement with Zenabis Global (TSX: ZENA) for contract growing. The agreement, which was mum on details, will see the private licensed producer contract certain growing processes out to that of Zenabis. […]
Principals of Curative Cannabis Object to Auxly Foreclosure
Auxly Cannabis (TSXV: XLY) is facing some hiccups when it comes to securing its debts owed by 2368523 Ontario Limited, who is doing business as Curative Cannabis. The Deep Dive reported last month that the issuer had made the move to foreclose on the assets of the corporation, following a default on secured debt in […]
Torque Esports to Acquire UMG Media
Torque Esports (TSXV: GAME) and UMG Media (TSXV: ESPT) announced this morning that the two parties have entered into a binding letter of intent whereby Torque will acquire UMG Media. The transaction combines two growing players in the esports sector, and follows a series of transactions conducted by Torque Esports, whom recently changed its name […]