Sylvain Chrétien Appointed President of Tetra Bio Pharma
Tetra Bio Pharma (TSXV: TBP) announced this morning that it has newly created the role of President at the firm, appointing Sylvain Chrétien in the process. The move is being conducted to allow current CEO Guy Chamberland to be able to focus on the regulatory and development aspects of Tetra’s Caumz, Qixleef and HCC011 products. […]
Xebec Announces Quebec Renewable Natural Gas Project
Xebec Adsorption (TSXV: XBC) this morning announced that it will be working with Bähler Biogas to construct a new facility in Quebec for production of renewable natural gas and biofertilizer. Anticipated to see commissioning occur in early 2021, the facility is expected to be capable of processing up to 45,000 metric tons of organic waste […]
Aurora Earnings Part 2: The Spend.
The Deep Dive outlined Aurora Cannabis’ (TSX: ACB) (NYSE: ACB) ops this past Saturday and, as dismal as it made their P&L look, the company would have us believe that it can be fixed with a reduced spend. Both last week’s pre-earnings release that cleaned house and this week’s earnings release were all about reigning […]
Weld Departs Acreage Holdings Board To Focus On Long Shot Republican Nomination
In perhaps what is one of the oddest executive departures within the cannabis sector as of late, Acreage Holdings (CSE: ACRG.u) last night announced that board member Bill Weld has resigned from his position. The justification for his departure from the multi state operator, is that he is spending more time to focus on his […]
Checking In On Aurora Cannabis’ Operation
On last week’s episode, Aurora Cannabis (TSX: ACB) (NYSE: ACB) was undergoing a shift; changing shape and direction as it let 500 staff go, including CEO Terry Booth. It’s new orientation was more transparent, not as solid, and much less permanent. This past Thursday, February 13th, Aurora delivered a (fiscal) Q2 earnings report for which […]
CannTrust Holdings Appoints New CEO, Issues Update
CannTrust Holdings Inc (TSX: TRST) has provided an update regarding the remediation plans at its Niagara Facility and Vaughan Facility, as well as the status of its listing on the New York Stock Exchange. In addition, the Company has appointed a new CEO, replacing interim CEO Robert Marcovitch. With regards to the Niagara Facility, on […]
Wayland Group Sells Colombian, Swiss Assets At Major Loss
The divestment of assets at firesale prices has officially begun for Wayland Group (CSE: WAYL). The company issued an evening press release last night, identifying that it was now in the process of divesting multiple assets from its collection. First and foremost, the company has seen approval granted for the sale of its Columbian subsidiary […]
Market Movers: Industrial Accessories Edition
Cematrix Corp. Two of the TSX Venture volume leaders caught our attention this week out of sheer novelty. Cematrix Corp. (TSXV: CVX) is a producer of “cellular concrete,” a substance apparently used in various specific applications that have to do with infrastructure building. Cematrix is proud to have sold $7.6 million worth of it to […]
NexTech AR Halts Stock To Deal With Further Response To Hindenburg Report
NexTech AR Solutions (CSE: NTAR) has halted trading of its equity for the day following a short report that was released by Hindenburg Research earlier this week which highlighted several perceived problems at the firm. The report, which highlighted what Hindenburg referred to as “relentless stock promotion, sketchy related party transactions, and a vaporware product,” […]
Invictus MD Seeks Creditor Protection, Company At Risk Of License Suspension
Following yesterday mornings halt of Invictus MD Strategies (TSXV: GENE), the company announced after hours that it would be proceeding with creditor protection as a result of the default on its currently outstanding loan with that of ATB Financial. The default, which was for a monthly interest payment of $180,000, has resulted in ATB Financial […]