Sunniva Finds Itself In Yet Another Lawsuit
What’s one more kick to the gut when you’re already down? Sunniva Inc (CSE: SNN) shareholders are about to find out the answer to that question shortly, after the firm announced late this evening that it has been named in yet another lawsuit. This time, it’s in relation to the sale of Natural Health Services […]
Green Growth Brands Posts Net Loss of US$35.8 Million
Green Growth Brands (CSE: GGB) released their second quarter financials this evening, following the announcement that the firm would be selling off its CBD business unit to a related party in a bid to cut capital expenditures. The firm recognized a total of US$21.0 million in sales during the period ended December 28, 2019, while […]
Green Growth Brands Sells CBD Operation, Faces “Severe Financial Difficulty”
It appears that Green Growth Brands (CSE: GGB) is nearing the end of its lifespan. The company announced this evening prior to releasing its second quarter financial results that they have received a definitive stalking-horse agreement for the sale of its CBD operations. For those unaware, a stalking-horse bid is a process typically used within […]
Flowr Receives Amendment For Kelowna Facility
The Flowr Corporation (TSXV: FLWR) has received the final Health Canada approval for the company to expand its Kelowna cultivation facility to include an additional 10 growing rooms. With this final approval, Flowr plans to immediately commence facility expansion utilizing Good Manufacturing Practice standards- for the addition of the 10 growing rooms, thus bringing the […]
FLYHT Receives $1.77 Million Purchase Order from Turkish Aviation Company
FLYHT Aerospace Solutions Ltd (TSXV: FLY) has received a software as a service (SAAS) purchase order from Azur Havacilik A.S. in the amount of $1.77 million. The purchase agreement will be set out in two 5-year service agreements, and will pertain to the Turkish aviation company’s Boeing aircraft, including the 737/757/767 and the 777. FLYHT’s […]
Tetra’s Qixleef Product Sees Potential Global Market Expansion
Tetra Bio Pharma (TSXV: TBP) announced further details surrounding its FDA clinical traisl of Qixleef this morning, including the expansion of the global market for the product to include noncancer pain indications. Following the previously announced Type B meeting conducted between Tetra and the US Food and Drug Administration (FDA), additional details on the clinical […]
WeedMD Adds Additional Union To Medical Cannabis Program
WeedMD Inc (TSXV: WMD) announced this morning that it is continuing to develop relationships directly with that of unionized workers. The company has now signed the International Union of Painters and Allied Trades (IUPAT) to a medical cannabis program. Under the the newly formed relationship, WeedMD’s subsidiary Starseed Medicinal will be the preferred supplier of […]
Figr Brands To Take Center Stage At Pyxus International
Pyxus International (NYSE: PYX) announced this morning that it is focused on transforming its business into that of a consumer brands business operating model thanks in part to the success the firm has seen with its Canadian cannabis subsidiary Figr Brands. The changes in the firms operating model comes as the company focuses on driving […]
Market Movers: The CleanTech Trade Continues
Among the high-volume traders Thursday was Eric Sprott-backed maker of bolt-on hydrogen fuel economy modules DynaCERT (TSXV: DYA). DynaCERT is up +43% over the past three trading sessions on 19 million shares worth of volume, finishing Thursday’s session at a 52 week high of $1.24. DYA is up 125% since it was first covered in […]
SOL Global’s CannCure Secures $15 Million Loan
SOL Global (CSE: SOL) portfolio company CannCure has closed a significant construction loan, totalling out at US$15.0 million, enabling the firm to fund the development of a second greenhouse for its Florida operations under the One Plant Florida brand. The construction loan, provided by Advanced Flower Capital, will enable CannCure to begin construction on a […]