BMO Cuts The Green Organic Dutchman Price Target to $0.70
The Bank of Montreal reportedly downgraded its price target on The Green Organic Dutchman (TSX: TGOD) this evening following this mornings news that the firm is struggling to secure financing from financial institutions. The news follows an additional downgrade earlier today on the equity by that of Canaccord Genuity. BMO reportedly reduced its rating to […]
Pasha Brands Signs Supply Deal with Fifth Micro Cultivator
Pasha Brands (CSE: CRFT) announced this morning that it had signed a micro-cultivator deal with that of Waterloo, Ontario-based Greenterra Cannabis. The agreement is the fifth such deal that the issuer has signed with micro cultivators. Pasha Brands, through its subsidiary BC Craft Supply Co, is focused on small cultivation operations rather than facilities of […]
Sundial Growers Issues Response To Class Action Lawsuit
Sundial Growers Inc (NASDAQ: SNDL) issued a response this morning in relation to a lawsuit filed against the firm in the US on Monday. The class action lawsuit is alleging that Sundial had lied to investors within its registration statement, by making false or misleading statements in relation to a supply agreement with that of […]
The Green Organic Dutchman Struggles to Find Additional Funding, Threat of Construction Delays Loom
Funding for cannabis operations in Canada is drying up quick, as demonstrated by today’s news release issued by The Green Organic Dutchman (TSX: TGOD). The firm announced that, in short, commercial banks are not willing to provide the firm with additional funding – at least not at terms that TGOD is in favour of. The […]
Aphria Diamond: The Timeline of Development
Aphria Inc (TSX: APHA) (NYSE: APHA) investors have long awaited the announcement from Health Canada that its joint venture, known as Aphria Diamond, has received licensing for cultivation. Unfortunately for shareholders, the long anticipated event has yet to arrive, with many questioning why the facility has seen such a delay in licensing relative to other […]
Inner Spirit Holdings Drops Two Ontario Exclusivity Agreements
Inner Spirit Holdings (CSE: ISH) announced this morning that it has terminated two exclusivity licenses entered with winners of Ontario’s retail cannabis lottery. The agreements were originally announced by the company on August 28, following the Alcohol and Gaming Commission of Ontario’s lottery conducted on August 20. The announcement of the termination of the two […]
Aphria Fails To Meet Supply Obligations, Sees Aleafia Cancel 175,000 Kilogram Agreement
Aleafia Health (TSX: ALEF) announced this morning that Aphria Inc (TSX: APHA) (NYSE: APHA) had failed to meet supply obligations and thus the firm was terminating the agreement between the two parties. The supply agreement had originally been entered between Emblem Corp, now an Aleafia subsidiary, and Aphria on September 11, 2018. The supply agreement […]
Medmen Terminates PharmaCann Merger
Medmen Enterprises (CSE: MMEN) announced this morning that it will be terminating its merger agreement with that of PharmaCann, a multi state operator with operations across six states. Medmen indicating that it was terminating the deal as it did not provide enough shareholder value given current market conditions. The definitive agreement to merge was initially […]
Enthusiast Gaming Closes Steel Media Purchase
Enthusiast Gaming (TSXV: EGLX) announced this morning that it had completed the recently announced acquisition of Steel Media, a mobile gaming and live events firm. The transaction was originally announced on September 18 by Enthusiast Gaming. In total, the purchase brings an additional 20 mobile gaming websites and 25 live mobile events to Enthusiasts ever […]
Numerous Canadian Licensed Producers See Additional Licenses Granted
A number of Canadian licensed producers announced Health Canada approvals for expanded facilities this morning, demonstrating the increased pace at which the Federal Government is now able to process applications as a result of changes implemented earlier this year. Four issuers in total announced expanded production areas this morning, including Emerald Health Therapeutics (TSXV: EMH), […]