Green Thumb Industries Generates $68M in Top Line Revenue, Shrinking Loss, Positive EBITDA
After the bell, Green Thumb Industries (CSE: GTII) released earnings and are beginning to show why they are becoming a bellwether for the cannabis industry. We broke down the quarter-over-quarter numbers for readers here: Expressed in Millions (US$) Q3’19 Q2 ‘ 19 QoQ Change Revenue $ 67.99 44.73 52% Gross Profit (pre-bio) $ 34.80 23.24 […]
Shoom Street to Be Acquired By Graph Blockchain
Psychedelics are going main stream. This morning, Graph Blockchain (CSE: GBLC) announced that it signed a letter of intent to acquire the psychedelic focused brand Shoom Street Limited. The acquisition will consist of $1.0 million to be paid in the form of common shares of Graph Blockchain at a price of $0.05 per share. Shoom […]
Emerald Health Disputes Village Farms Claims to Increased Pure Sunfarms Ownership
Emerald Health Therapeutics (TSXV: EMH) is disputing certain claims made by Village Farms (TSX: VFF) (NASDAQ: VFF) in a news release issued last night related to Pure Sunfarms. Within, Village Farms claimed that Emerald Health has failed to meet commitments agreed to under the joint venture, and as a result Village will be taking majority […]
Harvest Health and Torian Capital Walk Away from $225 Million Financing
Harvest Health and Recreation (CSE: HARV) announced this morning that its $225 million million loan from Torian Capital Partners has fallen through, with both firms walking from the table. The financing, which was originally announced in late July, was previously speculated to have fallen through by The Deep Dive. In place of the massive funding […]
Village Farms Seeks to Tighten Grasp on Pure Sunfarms Joint Venture
Village Farms (TSX: VFF) (NASDAQ: VFF) announced this evening that it is looking to tighten its grasp on control of its Pure Sunfarms joint venture with Emerald Health Therapeutics (TSXV: EMH). Village Farms is looking to do so by capitalizing on a default notice for payment that Emerald Health failed to fulfill. Under the agreement […]
SOL Global’s Heavenly Rx to Merge With Therapix Biosciences
SOL Global (CSE: SOL) announced this morning that their 40.7% owned portfolio company Heavenly Rx will be completing a reverse takeover transaction with Nasdaq listed Therapix Biosciences (NASDAQ: TRPX). The two firms signed a memorandum of understanding for the business combination, which will see Heavenly Rx’s CBD operations merge with Therapix and their cannabinoid pharmaceutical […]
Premier Health Strengthens Management and Advisory Teams
Premier Health Group (CSE: PHGI) is strengthening its management team. The firm this morning announced that it has appointed Dr. David Ostrow as Chief Medical Officer of the firm, while Mona Elesseily will be joining Premier’s advisory board as a digital marketing strategist. Dr. Ostrow is a seasoned professional within the medical field, bringing a […]
Aurora Debt Holders Agree to Convert 94% of $230 Million Debenture
Aurora Cannabis (TSX: ACB) (NYSE: ACB) is shedding a significant amount of its debt. The firm announced this morning that it has received confirmation from the majority of convertible debenture holders that they intend to convert current outstanding debt under the early conversion option. The result, is approximately $216.0 million worth of debt will be […]
Trulieve Reports Third Quarter Revenues of US$70.7 Million
Trulieve Cannabis Corp (CSE: TRUL) announced its third quarter financial results after the bell today, reporting revenues of US$70.7 million for the period ended September 30, 2019. Revenues were up 22% on a quarter over quarter basis from $57.9 million. Gross margin for the quarter came in at $44.0 million before biological adjustments, up 17% […]
Aurora Cannabis Sees Share Price Slide as Early Debt Conversion Looms
Aurora Cannabis (TSX: ACB) (NYSE: ACB) has experienced a sell off in morning trading following last weeks earnings release. The equity is currently down 11% on the Toronto Stock Exchange on high volume, with over twelve million shares already having traded hands in the first two and a half hours of the days session. Combined […]