Tilray Hires New Chief Financial Officer, Chief Operating Officer
Tilray Inc (NASDAQ: TLRY) has bolstered its executive team this morning, with the appointment of both a new chief operating officer, as well as a new chief financial officer. Both executives come with a long resume of high profile firms in which they have served senior roles. Michael Kruteck will be taking over as CFO […]
Premier Health Strengthens Board of Directors
Premier Health Group Inc (CSE: PHGI) strengthened its Board of Directors this morning with the appointment of Dr. Amit Mathur. Dr Mathur is the co-founder and former Chief Operating Officer of recently acquired Livecare Health Canada. Mathur brings a wealth of experience to the Premier Health team, having served over twenty years as an optometrist […]
Aphria Second Quarter Revenues Decline 4%, Slashes Guidance
Aphria Inc (TSX: APHA) (NYSE: APHA) posted its second quarter fiscal 2020 financial results this morning, revealing overall declining revenues of 4% on a quarter over quarter basis. Total net revenues came in at $120.6 million for the quarter, compared to $126.1 million in the first quarter of the fiscal year. Furthermore, the company has […]
Harvest One Enters 60 Day Secured Loan Agreement
Harvest One Cannabis (TSXV: HVT) has secured a secured short term loan to keep its operations running. The funds come from the company’s largest shareholder, MMJ Group Holdings, whom currently holds approximately 25% of the company. The funding is intended to be a short term solution while the company searches for longer term financing options. […]
Canntrust Holdings Settles With Former Danish Partner Stenocare
Canntrust Holdings (TSX: TRST) (NYSE: CTST) has finally settled with Stenocare of Denmark in relation to illegal product that was grown in Canntrust’s unlicensed facility and subsequently shipped to the Danish distributor. The settlement is also in connection with the subsequently terminated agreement following the loss of Canntrust’s cannabis licenses. The settlement entered into by […]
Fire & Flower Surpasses Fiscal Year Projections of Cannabis Retail Locations
Fire & Flower Holdings Corp (TSX: FAF) has announced it has surpassed its end-of the-year projections by opening up 9 additional new stores well in advance of February 2020. The additional openings bring the company’s total store count to 46, which is in excess of the fiscal year end target of 45 open and operating […]
Qyou Media Set To Launch On Airtel Xtreme
Qyou Media (TSXV: QYOU) announced a significant development this morning, with its flagship channel The Q India being launched on Airtel Xtreme. Airtel is India’s largest telecom service provider, which currently offers an entertainment service known as Airtel Xtreme. The platform has over 384 million customers, all of which will be able to now access […]
Namaste Technologies Joint Venture Receives Processing License
Namaste Technologies (TSXV: N) is nearly ready for the second generation of cannabis products. The company announced this morning that its 49% owned joint venture known as Choklat, Inc has received its processing license from Health Canada. The license enables the firm to begin creating legal cannabis edibles, which is to primarily consist of chocolate […]
Premier Health Closes Livecare Acquisition
Premier Health Group Inc (CSE: PHGI) has officially closed its acquisition of Livecare Health Canada, an established leader in providing telemedicine and software for the health care industry. The company was acquired in an all stock transaction valued at approximately $1.8 million. The acquisition of Livecare has brought together two firms that are focused on […]
Westleaf Sees Three Executives Depart To Cut Costs
Westleaf Inc (TSXV: WL) has seen a major management shakeup this morning with the immediate departure of two key executives following the closure of the We Grow BC merger with the firm. A third executive is set to leave the company by the end of the month in a cost cutting measure. The company identified […]