Organigram Signs Distribution Agreement With Shoppers
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) is working on strengthening its distribution lines. The company announced this morning that it will become Shoppers Drug Marts latest cannabis supplier for its online medical cannabis platform, which provides Canadians with access to a number of different medical cannabis producers. The news, while not overly exciting given how […]
Zenabis Sees Partial Conversion of Debt at Heavily Reduced Rate
Zenabis Global (TSX: ZENA) appears to be doing what it can to bolster its dire financial situation. This morning, the firm announced the early conversion of certain convertible notes at a heavily reduced conversion price as a means of releasing some pressure on the heavily negative working capital of the company. In total, Zenabis has […]
Superior Gold Releases 2019 Production Results
Superior Gold Inc (TSXV: SGI) has released its 2019 fourth quarter and annual production results regarding its Australian Plutonic Gold operations. With reference to quarterly results, the company saw an improvement from fourth quarter 2018, with an increase in gold production from 20,084 ounces to 20,541 ounces in 2019. Likewise, annual production results depict an […]
PowerBand Solutions Forms Canadian Leasing & Finance Division
PowerBand Solutions (TSXV: PBX) is progressing towards operationalizing its cloud-based platform for automotive transactions, announcing this afternoon that the company has formed a leasing and financing division for its Canadian operations. The division will be utilized to provide leasing and financing options for Canadian consumers that transact on the platform. As part of today’s announcement, […]
Market Movers: Tinley Beverage Co Soars 29%
Tinley Beverage Co (CSE: TNY) is currently one of the days top performers in terms of percentage increase. The equity is currently up 29.58% at the time of writing, bringing the price per share to that of $0.46 on volume of 414,000. As of late, Tinley Beverage has been focused on the final licensing of […]
YSS Corp To Refocus Resources To Ontario Retail Market
YSS Corp (TSXV: YSS) announced this morning that it is altering construction and development plans to allow for an increased market exposure to the province of Ontario. The corporation will be putting three Alberta locations on hold to allow for the potential expansion into the Ontario market. YSS Corp, whom is currently heavily focused on […]
James Wagner Submits For Farmgate Retail Cannabis Location
James E. Wagner Cultivation Corporation (TSXV: JWCA) has officially taken steps towards opening one of the first “farmgate” cannabis retail locations in the province of Ontario. Legislative changes to Ontario’s retail framework in November 2019 enabled licensed producers to open retail locations at their production sites, referred to as farmgate. The firm announced this morning […]
Curaleaf Closes US$300 Million Senior Secured Loan
Curaleaf Holdings (CSE: CURA) has closed its previously announced term loan facility for an upsized amount of US$300 million. The financing, originally announced as being US$275 million in size, is one of the few large financings conducted as of late in the cannabis sector, where many smaller firms are agreeing to high interest rate, short […]
Organigram Beats Revenue Estimates, Experiences Short Squeeze
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) is currently up over 30% in after hours trading following an earnings beat on better than anticipated revenues for the first fiscal quarter of 2020. The company posted net revenues of $25.1 million for the quarter, up 54.9% from the fourth quarter of 2019, where the firm saw net […]
Radient Technologies Enters Sale Leaseback Arrangement
Radient Technologies (TSXV: RTI) has entered into a binding letter of intent for a sale leaseback transaction involving all three of its Edmonton facilities. The binding LOI will see the property sold for $20 million in total. Under the terms of the binding letter of intent, the land and buildings, upon sale, will be immediately […]