Canopy Growth Begins Production at New Large Scale Bottling Facility
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) announced today that they have acquired Health Canada licensing for their cannabis beverage facility in Smiths Falls, Ontario. With the advent of licensing, Canopy announced that it will begin the production of beverages today to enable products to hit store shelves as soon as legally possible. Included within […]
Phivida Conducts Management Changes
Phivida Holdings (CSE: VIDA) announced a change in management this morning, following the decision of James Bailey to resign from his role as President and CEO of the firm. David Moon will be taking his place as the interim chief executive officer at the issuer, while remaining to serve as on the Board of Directors. […]
Aurora Cannabis Converts 99% of $230 Million Convertible Debenture Into 69 Million Shares
Aurora Cannabis (TSX: ACB) (NYSE: ACB) announced this morning that their early conversion option on its $230 million worth of convertible debentures due in March 2020 was a resounding success. Approximately $227.0 million worth of debt has now been converted into equity at the early conversion price, which is a notable improvement from the previous […]
The Green Organic Dutchman Receives First Cultivation License at Valleyfield, Quebec Facility
The Green organic Dutchman (TSX: TGOD) announced this morning that it has finally received a license to begin cultivation at its Valleyfield, Quebec facility. While small in size, the 46,500 square feet of licensed cultivation is the beginning of cannabis growth at the Quebec facility. Total cultivation from this space is expected to be rather […]
Organigram Reports Second Quarter of Declining Revenues, Negative Gross Margin
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) announced its second straight quarter of declining revenues this morning, reporting net revenues of $16.2 million for the fourth quarter of fiscal 2019. Revenues were relatively in line with that of its preliminary figures, wherein the firm provided estimates of $16.3 million. The second straight quarterly decline for Organigram […]
Ontario Opening Doors to Video Based Telemedicine and Digital Practices
In a news release earlier this month from the Province of Ontario, an announcement slid under the radar that could open the floodgates for tech related entrepreneurs to enter Ontario’s virtual care market. The plan calls to expand digital and virtual healthcare giving patients more options as part of the province’s plan. Ontario is adopting […]
Why Public Cannabis CFOs Need to Breakdown and Segment Their Accounts Receivables
Limited Disclosures Risk Signaling Poor Financial Health to Analysts and Investors The ‘accounts receivable to sales’ ratio is one of many ratios drilled into finance and accounting students as a quick tool to assess the financial health of a company. One of the values behind the ratio is that it allows a reader of financial […]
Galaxy Brain: Aurora Charting a Course through the Cannabis Supply Glut
For this weekend’s special piece, Deep Dive author Matthew Cox breaks down the Health Canada numbers, compares them to matures markets, and ties it all to operator Aurora Cannabis (TSE: ACB). Columns about the cannabis market being crushed under a ton of supply write themselves these days, and as the equities markets come around to […]
Market action: Colonial Coal, A TSXV Top Gainer of the Week
Colonial Coal International Corp. (TSX.V:CAD) sounds like the kind of thing that one might use to stir up an outraged mob of liberal arts majors, but it caught our attention for having been one of the largest gainers by percent on the TSX Venture today, making an $0.085 jump to $0.435 on 671,000 shares, the […]
Acreage Holdings Reports to Sedar, Pretty Far from Pre-Public Guidance
After the bell Acreage Holdings (CSE: ACGR.u) released their financial statements on Sedar. They previously gave us a detailed news release with some statements, sans accounting notes, on November 12th. A move common amongst US cannabis operators leaving Canadian’s scratching their heads. We broke down the quarter over quarter results for readers here: In Millions […]