Namaste Technologies Inks Two Provincial Distribution Agreements
Namaste Technologies (TSXV: N) announced this morning that it has signed two distribution agreements with provincial retailers for its cannabis resale products. The provinces of Ontario and Saskatchewan will soon be stocking products from Namaste’s CannMart division, however details provided were scarce. No timeline was given by Namaste on when exactly product will be shipped […]
Aleafia Health Posts Revenues of $4.95 Million for Third Quarter
Aleafia Health (TSX: ALEF) reported its third quarter financial results this morning, posting net revenues of $4.95 million, an increase of 29.1% on a quarter over quarter basis. Total cannabis sales amounted to $4.15 million before excise taxes were deducted. It should be noted that within its press release, Aleafia identified top line revenue gross […]
MediPharm Labs Revenues Increase 37.8% to $43.38 Million
Medipharm Labs (TSX: LABS) announced third quarter earnings this morning, posting revenues of $43.38 million for the three month period ended September 30. The firm had a gross profit of $14.75 million, which resulted in a net income of $3.27 million for the period. Medipharm revealed significant growth on a quarter over quarter basis, with […]
Organigram Announces 34% Decrease in Q4 Revenues In Preliminary Results
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) announced preliminary fourth quarter revenues this evening, providing guidance for revenues of $16.3 million for the fourth quarter. On a quarter over quarter basis revenues have declined by 34.14%, from $24.8 million in the third quarter. The firm reported that it expects to report negative adjusted EBITDA as a […]
Valens GroWorks Acquires Micro Processor Applicant Pommies Cider
Valens GroWorks (TSXV: VGW) is increasing its focus on the cannabis beverage market. The extraction-focused firm announced after hours today that they had acquired Southern Cliff Brands, who operates under the trade name of Pommies Cider Co. Total consideration amounted to $7.5 million for the craft producer, in a cash and stock deal. The acquisition […]
Aleafia Health Produces 10,300 KG of Cannabis on 26 Acre Outdoor Harvest
Aleafia Health (TSX: ALEF) announced its outdoor harvest yields this morning, identifying that they had produced 10,300 kilograms of cannabis across the firms 26 acres of outdoor grow space. The firm identified that its zone 1 section, which was planted in June 2019 managed to produce 1,000 kilograms of dried cannabis flower per acre. Aleafia […]
Neptune Wellness Posts Q2 Revenues of $6.5 Million, Net Loss of $20.8 Million
Neptune Wellness Solutions (TSX: NEPT) (NASDAQ: NEPT) reported its second quarter fiscal 2020 results this morning, posting revenues of $6.5 million, a 49% increase on a quarter over quarter basis. The firm however is slow in showing overall growth, with year over year revenues down 8% for the same quarter. Neptune posted a loss of […]
Geyser Brands – Established Cannabis 2.0 Brands for the Canadian Market
The consumer goods trend toward putting CBD and other non-psychotropic cannabinoids in everything is driven mostly by the simple fact that it sells. Behind that simple fact is the fact that – at least in the minds of the consumers using them – the products work. People are experiencing reduced pain and inflammation, better skin, […]
Abattis Bioceuticals to Dispose of Cannabis Operations
Abattis Bioceuticals (CSE: ATT) is leaving the cannabis business for good. The announcement came late Friday night from the troubled issuer, and follows a failed acquisition as a result of a seemingly perpetual halt on the public markets. The departure from cannabis operations comes as a result of the failure of the firm to acquire […]
Tinley CEO Jeff Maser Pens Letter to Shareholders
Thursday morning Tinley Beverages (CSE: TNY) CEO Jeff Maser wrote a shareholder letter, identifying the significant progress the firm has made as of late in its goal of expanding markets. We thought we would share it here for those who are not on the company email list. If you wish to be added to the […]