Tinley Beverage Announces Cannabis-Free Product Line to be Distributed Across 150 BevMo! Locations
Tinley Beverage Co (CSE: TNY) announced this morning that they have made major headwinds into retail sales channels, with a new product line that will be entering over 150 BevMo! stores across California, Arizona, and Washington. The product line, to be sold under the brand name “Beckett’s”, will feature cannabis-free versions of their popular drinks. […]
Zenabis Global Evidently Facing Over Supply Conditions
Zenabis Global (TSX: ZENA) issued its September production figures today, identifying that the firm continues to exceed design specifications at its facilities across the country. Included within the extensive release however, is text that suggests the firm is already beginning to face oversupply problems within its sales channels. While Zenabis is currently in the process […]
Hill Street Beverage Still In Search of Canadian Cannabis Partner
Hill Street Beverage (TSXV: BEER) announced this morning that it is still in search of a co-packing partner within Canada for its cannabis-infused beverage operations. The release, while providing little detail of operations, was intended to confirm that the company is still looking to enter the cannabis space. Hill Street’s equity has halved this month, […]
Aura Health Completes Name Change to Pharmadrug Inc
Aura Health (CSE: BUZZ) announced this morning that it has completed its name change to that of Pharmadrug Inc. The name change is intended to better reflect the operations of the firm, whom is focused on importing quality medical cannabis to the German and other European markets. The name change, which was proposed earlier this […]
Harborside Sees US Tax Court Assess $11.0 Million Penalty Against Oakland Dispensary
Harborside inc (CSE: HBOR) announced this morning that it had received a final ruling from the US Tax Court related to outstanding tax cases for its Harborside Oakland dispensary. The ruling indicates that the firm is required to pay approximately $11.0 million in outstanding tax bills for the dispensary, which are for the tax years […]
The Green Organic Dutchman Lowers 2020 Capacity Target from 147,500 KG to 20,000 KG
The Green Organic Dutchman (TSX: TGOD) announced this morning that it will be scaling back its facility plans after being unable to secure sufficient funding. The result, is that expected capacity for 2020 has been significantly reduced from the previously planned 147,500 kilograms per annum to just 20,000 kilograms. The reduction, by and large, is […]
Auxly Proposes Conversion Price Reduction for $98.7 Million Worth of Debt
Auxly Cannabis (TSXV: XLY) announced this morning that it has received approval from the TSX Venture to reprice certain debt that is coming due in January at the option of debtholders. The debt, which currently totals $98.79 million in outstanding convertible debentures, will now have a conversion price of $0.74 per share, versus $1.55 per […]
iAnthus Cleaning Up Corporate Governance
This evening iAnthus Capital Holdings (CSE: IAN) announced a move to clear the way towards a majority independent board. The company announced a new corporate governance plan centered around the following five changes: BOD with a majority of independent directors and a Lead Independent Director. Constituting compensation, audit, and nominating and governance committees comprised solely […]
Gratomic Secures US$25 Million Supply Agreement, To Be Paid in Cryptocurrency
Gratomic Inc (TSXV: GRAT) announced this morning that it had secured a supply agreement worth US$25 million over the course of 39 months. The catch, however, is that the product Gratomic sells will solely be paid for in cryptocurrency. What’s more, is that that cryptocurrency is yet to be publicly traded, and Executive Chairman and […]
Geyser Brands Signs Letter of Intent For Co-Packing Agreement
Geyser Brands (TSXV: GYSR) announced this morning that its subsidiary Apothecary Botanicals has signed a non-binder letter of intent with that of Yield Growth Corp (CSE: BOSS). The agreement will see Apothecary manufacture and distribute a line of cannabis infused products that include topicals, tinctures, and capsules under Yield Growth’s “Jack n Jane” brand. The […]