Canopy Growth Conducts Layoffs in International Markets
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) has begun laying off employees in poorly-performing international operations. MJBizDaily last night reported that the world’s largest cannabis producer will be laying off approximately 15% of its Latin American workforce as it restructures to cut costs in poorly performing segments. The trend to reduce workforces amid a purported […]
Westleaf To Merge with We Grow BC
Westleaf Inc (TSXV: WL) issued a news release late last night, revealing that firm will be merging with that of We Grow BC, the company behind the popular Qwest cannabis product line. The combination will result in a fully vertical cannabis firm, with operations spanning legal cultivation, processing, and retail. The combination will see We […]
QYOU Media Forms Distribution Partnership with Ethnic Channels Group
This morning Qyou Media (TSXV: QYOU) announced a partnership to have their networks “The Q India” and “Q Polska” distributed to Ethnic Channels Group. Ethnic Channels Group is the largest ethnic broadcaster globally, with their platform providing the exact target audience that QYou’s internationally-focused content is created for. Both India and Poland have some of […]
Vireo Health Appoints Bruce Linton As Executive Chairman
It appears Bruce Linton has finally decided on which US focused cannabis firm to work with. Vireo Health International (CSE: VREO) announced this morning that the firm has signed Linton on as Executive Chairman of the firm, with former director Chad Martinson resigning from the board to make way. The appointment of Linton however did […]
Emerald Health Signs Supply Agreement with Stenocare
Emerald Health Therapeutics (TSXV: EMH) is Stenocare’s new supplier of choice following the fallout earlier this year with Canntrust Holdings (TSX: TRST) (NYSE:CTST). Under the newly signed agreement, Emerald Health will become a supplier for Stenocare for both Denmark and other international markets. Within the release issued this morning, it was revealed that Emerald Health […]
MYM Nutraceuticals Signs Letter of Intent To Acquire Crop Infrastructure Corp
MYM Nutraceuticals (CSE: MYM) this morning announced that it has signed a letter of intent to acquire Crop Infrastructure Corp (CSE: CROP). The transaction is set to be an all share transaction with Crop Corp shareholders receiving one share of MYM for every 10.5 shares held of Crop. Little was provided in terms of transactional […]
Drake and Canopy Growth Establish New Joint Venture, More Life Growth Co
As was discovered last night by many sector followers, Canopy Growth Corp (TSX: WEED) (NYSE: CGC) this morning announced a partnership with Canadian icon Drake. The partnership will see Drake take control of a previously wholly owned Canopy Growth facility as part of a wider branding and royalty agreement between the two parties. Under the […]
RavenQuest Sued by RotoGro for Patent Infringement
RavenQuest BioMed (CSE: RQB) has found itself in some hot water. Roto Gro international (ASX: RGI) has filed a statement of claim against the Canadian issuer in relation to the unauthorized use of patented technology. The claim relates to Roto Gro’s patented orbital technology. Roto Gro and RavenQuest have several years of history together, which […]
Delta 9 Provides Q3 Guidance of $6.3 Million, Down from Q2 Revenues of $8.9 Million
Delta 9 Cannabis (TSX: DN) provided guidance for its third quarter financials last night, indicating that the firm is expecting revenues to be between $6.3 million and $6.9 million for the three months ended September 30, 2019. Full results will be released next Wednesday after the close of markets. The guidance for the third quarter […]
Harvest One Receives Approval to Import Satipharm CBD Capsules
Harvest One Cannabis (TSXV: HVT) announced this morning that it has received approval from Health Canada to import Satipharm’s GelPell CBD capsules for research and development purposes. Satipharm is a wholly owned subsidiary of Harvest One, which is currently based in Dublin, Ireland. The import of Satipharm’s product will be conducted by Harvest one’s licensed […]