Nabis Holdings Revenues Fall 95.6% Short of Pro Forma Estimates
Nabis Holdings (CSE: NAB) released its fourth quarter financial results last night after the bell, posting bewildering numbers compared to prior guidance provided by the firm. Fiscal 2019 saw Nabis record a total of $644,164 in revenues for the twelve month period, which was all generated in the fourth fiscal quarter of the year. Net […]
Can Hexo Afford The Original Stash Product Line?
Hexo Corp (TSX: HEXO) (NYSE: HEXO) has had a rough go at the cannabis sector. Once viewed as the darling of Quebec and a goal of an ultra-premium product, the equity has faced continuous headwinds as reality hit the sector and cannabis pricing was forced to fall into line with that of the long standing […]
James Wagner Secures up to $10 Million in Convertible Financing
James E. Wagner Cultivation Corporation (TSXV: JWCA) has announced it has entered into an agreement with Lind Global Macro Fund to issue convertible securities with a value of up to $10 million. The funds from the convertible securities will be used for general purposes. Effective December 29, the agreement will commence in two stages. The […]
Origin House Enters into Exclusive Agreement with Kings Garden
Origin House (CSE: OH), a company focusing on cannabis distribution in the Canadian and US markets, announced that its platform in California has entered into a distribution agreement with Kings Garden Inc. Under the exclusive agreement, Origin House’s subsidiary continuum will be the sole distributor of all Kings Garden products. Continuum, Origin House’s California-based distribution […]
PowerBand Solutions Set To Launch Auto Sales And Leasing Platform in Early 2020
PowerBand Solutions Inc (TSXV: PBX) announced this morning that the firm is set to launch its flagship automotive platform that enables the sale, purchase, auctioning, leasing and financing of autos across North America in early 2020. The software is set to be a hub for both consumers as well as automotive dealers to be able […]
Cresco Labs Announces Illinois Adult-Use Launch
Cresco Labs (CSE: CL) is planning on ringing in the new year with a bang. The multi state cannabis operator this morning announced that it is heavily committed to the soon-to-be adult-use market of Illinois, which will be marked by the opening of five adult-use dispensaries in the state on January 1, 2020. The five […]
Medipharm Labs Expands Facility Threefold, Introduces New Automated Processes
Medipharm Labs (TSX: LABS) has received Health Canada licensing for its newly expanded production facility in Barrie, Ontario. The expanded space will see the effective size of Medipharm’s licensed area increase significantly to approximately 25,000 square feet, from that of roughly 8,200 square feet. The expanded space will largely be utilized for its white label […]
Sugarbud Rights Offering Raises 17% of Capacity
Sugarbud Craft Growers Corp (TSXV: SUGR) has completed its rights offering, which was originally announced on November 15, 2019. The offering, which was expected to raise up to $5.2 million for the struggling firm by all accounts was a failure, with the financing raising only 17% of its target. The rights offering itself raised $894,964 […]
Medmen Signs Term Sheets to Divest Arizona and Illinois Assets, Reduces Financing
Medmen Enterprises (CSE: MMEN) this morning announced progress in its recent decision to sell certain non-core assets of its US holdings. In accordance with that plan, the firm has entered a non-binding term sheet to sell its three Arizona vertical licenses, as well as a binding term sheet to sell a cultivation and manufacturing license […]
Hexo Sees Equity Free Fall After US$25 Million Financing
Hexo Corp (TSX: HEXO) (NYSE: HEXO) shares fell sharply in today’s session due in large part to an early morning news release announcing the firm would be conducting a US$25 million direct offering of units. While Canadian markets remained closed for Boxing Day, US markets were open, wherein the Quebec-based grower saw its equity fall […]