Canopy Growth Sees Third Quarter Revenues Increase 62%
It appears that Canopy Growth Corp (TSX: WEED) (NYSE: CGC) has arrived to save the day yet again for the Canadian cannabis sector. The firm was the first major producer this week to post positive financial statements following disappointing results from both that of Aurora Cannabis (TSX: ACB) and The Supreme Cannabis Company (TSX: FIRE). […]
Tetra Bio-Pharma Signs Manufacturing Agreement with Vitiprints
Tetra Bio-Pharma Inc. (TSXV: TBP) has entered into a manufacturing agreement with Vitiprints LLC, which will enable the company to produce its HCC011 and CAUMZ™ products at a commercial scale in order to meet global demand. As per the agreement, Tetra obtained an exclusive license to commercially produce its HCC011 and CAUMZ™ drug using Vitiprints’s […]
BevCanna Amends Exclusive Agreement With Clearwater
BevCanna Enterprises Inc. (CSE: BEV) has announced amendments to a previous September 16, 2019 agreement with Clearwater Canngrow Ltd. Under the previous agreement, Clearwater is to supply BevCanna with cannabis inputs from its outdoor cultivation sites, with BevCanna receiving a portion of 85 percent in pre-tax profit participation on revenues derived from a 130-acres of […]
Curaleaf Acquisition Of Grassroots Clears HSR Waiting Period
Curaleaf Holdings (CSE: CURA) announced this morning that the company’s acquisition of Grassroots has seen the required “HSR waiting period” lapse, meaning the company has essentially been given the green light by the Department of Justice to continue with the acquisition under antitrust laws. First announced in July 2019, Curaleaf is to acquire Grassroots for […]
Aurora Cannabis Revenues Decline 26% To $56.0 Million, Losses Increase
Aurora Cannabis (TSX: ACB) (NYSE: ACB) released its second quarter financials this morning, reporting net revenues during the quarter of $56.0 million, a decrease of 26% from the prior quarters revenues of $75.2 million, while also recording an adjusted EBITDA loss of $80.2 million, versus a loss of $39.7 million in the prior quarter. Revenues […]
Garibaldi Resources Adds Mark Scott to its Executive Team
Garibaldi Resources (TSXV: GGI) has announced that Mark Scott will be taking on the position of Vice President of Corporate Development as well as joining the company’s board of directors effective immediately. Previously, Mark Scott was employed with Vale Canada Ltd as the General Manager of Human Resources and Sustainability, and then in the latter part […]
Has RavenQuest Ceased Operations At Bloomera?
It appears that production has come to a screaming halt at Ravenquest BioMed (CSE: RQB)’s Markham, Ontario facility. The Bloomera facility, acquired by Ravenquest in 2018 in exchange for $15.0 million in cash as well as 10 million common shares, appears to be all but abandoned, going as far as having chain and padlocks wrapped […]
BLOK Technologies Initiates Discussions With Canadian LP Regarding Its Greenstream Technologies
BLOK Technologies Inc. (CSE: BLK) has announced it has entered into discussions with a Canadian licensed producer regarding its Greenstream technology. With these initial discussions, BLOK Tech’s objective is to initiate a pilot project with a Canadian licensed producer which will potentially see the implementation of its commercialized blockchain-enabled supply chain integrity platform. This platform […]
GTEC Provides Fourth Quarter Production Estimates, Corporate Update
GTEC Holdings (TSXV: GTEC) released a small corporate update this morning, providing estimated sales quantities for the fourth quarter of fiscal 2019 as well as other corporate updates. During the fourth quarter, the company produced a total of 434 kilograms of cannabis, which includes both dried flower as well as trim and what the company […]
Harvest One Reviewing Alternatives For Its Operation
Harvest One Cannabis (TSXV: HVT) has commenced a strategic review of alternatives for its entire operation this morning, in light of the struggles exhibited across the cannabis sector. Both Mackie Research and AltaCorp capital have been named as financial advisors in the process as a result. While the strategic review has just commenced, Harvest One […]