Origin House’s Trichome Financial Subsidiary Completes Amalgamation, To Begin Trading This Week
Trichome Financial Corp (TSXV: TFC) has completed its previously announced amalgamation with 22 Capital Corp, setting the firm up to become publicly traded on the TSX Venture later this week. The firm was spun out of Origin House (CSE: OH) as part of its amalgamation with 22 Capital. Initially established a year and a half […]
Supreme Cannabis Sees Oil Sales License Awarded, Insider Sales
Blissco, a subsidiary of The Supreme Cannabis Co (TSX: FIRE) was awarded an oils sales license this past week by Health Canada. The yet-to-be-publicly-announced license was applied for back in April, prior to the acquisition of Blissco by Supreme. The award of the oils sales license is good news for Blissco, whom was acquired in […]
Dead Cat Bounce? Poking At The Cannabis Market
An unexplained bout of optimism came over the marijuana markets this past week, as the clouds cleared for a moment and offered a break to a months-long downpour. The Horizons Canadian Marijuana ETF (TSX: HMMJ) posted its largest percentage gain since the beginning of August, and its cousin Horizon US Marijuana ETF (TSX: HMUS)’s 13% […]
Indiva Issues Shares for Debt as Cash Runs Thin
Indiva Limited (TSXV: NDVA) announced after the bell today that the firm had exchanged shares for debt with certain consultants. While minute in nature, the transaction highlights the financial conundrum the firm has found itself within. In total, two different consultants of Indiva are to be issued shares in share for debt transactions. The first […]
Mjardin Group Proceeding with Joint Venture at Winnipeg Facility
MJardin Group (CSE: MJAR) appears to be proceeding with a previously announced non-binding letter of intent with Peguis First Nation. The two firms will construct a cultivation facility within Winnipeg, Manitoba under a joint venture agreement. Peguis and Mjardin previously had a working relationship through a retail store partnership. As per the terms of the […]
Ignite Launches Financing for C$50 Million in Convertible Debentures
Ignite International Brands (CSE: BILZ) announced this morning that it is conducting a raise for C$50 million in unsecured convertible debentures, during a time in which many operators are struggling to raise any funds at all. The funding is said to be used towards working capital and general corporate purposes. The convertible debentures are to […]
Sunniva Further Amends Sale of Canadian Assets
Sunniva Inc (CSE: SNN) announced today that the terms of its Canadian asset sale for Sunniva Medical Inc have been amended. The purchase price, while staying the same overall, has seen the cash portion reduced from $20 million to that of $16 million. The remainder will be paid via a promissory note. The sale of […]
Millennial Esports to Construct Esports Arena
A new arena is coming to Miami. This one, however, is not in a traditional format. Rather, the purpose is for esports – racing to be specific. Millennial Esports (TSXV: GAME) announced this morning that it is constructing the first esports racing arena, which is scheduled to open in 2020. The facility, estimated at $2.8 […]
Green Growth Brands Opens 150th Seventh Sense Location
Green Growth Brands (CSE: GGB) announced today that the firm has opened its 150th Seventh Sense CBD mall kiosk, marking an impressive run rate for the operation. The first kiosk for the brand was opened in February. While the amount of Seventh Sense locations across the US has increased rapidly, the firm has indicated that […]
US Banks Begin to Reject Trading in US-Based Cannabis Issuers
Times are about to get tougher for cannabis investors yet again. It seems US-based banks are about to begin cracking down on investments in “non-permitted cannabis related business securities.” The first bank to make such an announcement is Bank of New York Mellon Corp (BNY Mellon), who yesterday sent a notice to clients. BNY Mellon, […]