Canada House Wellness to Conduct 25 to 1 Reverse Split
Canada House Wellness (CSE: CHV) filed its annual management information circular last night, setting its annual shareholders meeting to December 19, 2019. While it included the standard re-election of directors and auditors for the year, Canada House Wellness also proposed a share consolidation on the basis of one post split share for every 25 pre-split […]
Retail Cannabis Sales in Canada Decline in September, Ontario Largest Laggard
Statistics Canada released the latest monthly data for retail cannabis sales in the country this morning. The latest data, which is for the month of September 2019, shows month over month declines from August sales figures. A total of five provinces saw a monthly increase in sales, while five provinces and two territories saw declining […]
Eve & Co Signs LOI For Use of Girls’ Night Out Brand for Cannabis Beverages
Eve & Co Incorporated (TSXV: EVE) announced this morning that it will be entering the cannabis beverage space. The female-focused firm will be doing so via a partnership with that of Colio Estate Wines, the firm behind the Girls Night Out line of wine products. Under the letter of intent signed between the two firms, […]
Auxly Reports Revenues of $1.61 Million for Third Quarter
Auxly Cannabis (TSXV: XLY) reported its third quarter financial results this morning, revealing $1.61 million in revenues for the three month period ended September 30, 2019. Revenues were down 41% on a quarter over quarter basis, with Auxly indicating that they had refocused their efforts on second generation cannabis products. The firm posted a negative […]
TILT Holdings: Q3 Earnings, Some Promise, Mostly Same Old TILT
The tradition of TILT Holdings’ (CSE:TILT) accessories segment carrying its tech, distribution and cannabis segments continued in Q3, the much-touted Blackbird distribution taking the hit for the third quarter in a row. The logistics company, vended into TILT by TILT’s current COO, widened its gross loss to $808k (up from $697k last quarter) on less […]
Pasha Brands Lays Off 12 Employees, Refocuses on Pre-Roll Products
Pasha Brands (CSE: CRFT) is the latest cannabis firm to experience layoffs in the sector. The firm announced after hours today that they had laid off “approximately a dozen people” out of their total workforce of fifty employees. The layoffs were stated as being necessary to focus its resources on generating revenues from its brands […]
Westleaf Amends Terms of We Grow BC Merger Agreement
Westleaf Inc (TSXV: WL) provided an update to the market this morning in relation to its proposed merger with We Grow BC. Westleaf has now formally acquired the required approvals from certain debenture holders in relation to the transaction, with over 66% of debt holders providing approval for the merger, while certain terms have been […]
C21 Investments Modifies Terms of Silver State Debt Payments
C21 Investments (CSE: CXXI) announced this morning that it has restructed certain debts owed related to the acquisition of Silver State Relief in Nevada. The firm has also amended the terms of the acquisition of Phantom Farms in terms of what assets will be acquired by C21. With respect to Silver State Relief, the terms […]
iAnthus Hits $120M Pro-Forma Revenue Run Rate
This evening iAnthus Capital Holdings (CSE: IAN) released quarterly earnings. The company showed strong top-line of 16% and a further move towards profitability posting positive operating cash flow for the quarter. We broke down the quarter-over-quarter results here: in Millions (US$) Q3’19 Q2 ‘ 19 QoQ Change Revenue $ 22.34 19.2 16% Gross Profit (pre-bio) […]
Geyser Brands Awarded Cannabis Research License
This morning Geyser Brands (CSE: GYSR) announced they have been awarded a research license from Health Canada. With the awarded Research License, Geyser Brands will develop new formulations for topicals, edibles, and beverages related to cannabis. The Company has already completed all of its research and planning for the next phase, and with the granting […]