Supreme Cannabis Lays Off 15% of Workforce, Exits Certain International Markets
The Supreme Cannabis Company (TSX: FIRE) has laid off approximately 15% of its entire staff as the company looks to continue cost cutting measures it began early last month. The company at last count was believed to employ approximately 700 people. The layoffs were alluded to the markets via Twitter earlier today, with founder and […]
Sugarbud Enters Into Toll Manufacturing Agreement with Adastra, Provides Operational Update
Sugarbud Craft Growers Corp. (TSXV: SUGR) has signed a toll manufacturing agreement with Adastra Labs Holdings Ltd. (CSE: XTRX), in addition to appointing a new Chief Financial Officer to its executive team. In addition, the company has also provided a brief operational update. As per the toll manufacturing agreement, a minimum of 1,200,000 grams of […]
Namaste Technologies Adds Kief Brand to its Product Line, Issues Corporate Update
Namaste Technologies Inc. (TSXV: N) has announced that CannMart Inc, its subsidiary, has increased its product line by adding Kief Cannabis Co. to the marketplace, and has also entered into an agreement to supply cannabis products to Alberta Gaming, Liquor & Cannabis (AGLC). In addition, Namaste has also granted stock options to its CFO. Kief […]
RavenQuest BioMed: The Next Bridgemark Group Target?
It seems that the now infamous Bridgemark Group might be getting the gang back together after all. The group, notorious for using an exemption intended for consultants to effectively dump their shares on retail investors while enabling public issuers to be able to claim that they had fully subscribed private placements, seems to have infiltrated […]
Khiron Life Sciences To Conduct Share Buybacks
Khiron Life Sciences (TSXV: KHRN) announced this morning that it will be conducting a normal course issuer bid, also known as share buyback, for a total of 5% of its currently outstanding shares. The Latin American based cannabis operator identified that it is doing so as a result of the current equity price of the […]
Heritage Cannabis Director Resigns Just Ahead Of Year End
When we last checked in with our favorite Canadian extraction play Heritage Cannabis (CSE:CANN) in December, the company was touting a cannabis-focused DNA mapping service called Endocanna. It wasn’t clear if CANN planned to earn off of the sale of the kit itself, or if it was part of a larger sales strategy but, at […]
Fire And Flower Forces $20 Million Debt Conversion
Fire And Flower Holdings (TSX: FAF) is looking to strengthen its balance sheet, with the firm announcing this morning that it has forced the conversion of certain convertible debentures due July 31, 2020 following an amendment to the terms. The company has positioned the move as being one that significantly increases the balance sheet of […]
Hive Blockchain Reduces Operating Expenses By 40%
Hive Blockchain Technologies (TSXV: HIVE) announced this morning that it has seen a further reduction in the firms operating and maintenance costs to approximately 40%. The firm had initially targeted a reduction of 25% when it began cost cutting measures in December 2019. The further reduction in costs is largely the result of securing a […]
Nio Sees January Sales Slump Due To Coronavirus
Nio Inc (NYSE: NIO) released its January sales figures this morning, and as a result is one of the first US-listed firms to identify that it has taken a revenue hit as a result of the novel coronavirus that has thrashed China. During the month of January the Chinese electric car manufacturer delivered a total […]
PowerBand Solutions Engages Citation Capital To Secure US Credit Facilities
PowerBand Solutions (TSXV: PBX) announced this morning that it has signed an agreement with that of UK-based Citation Capital. The agreement will see Citation assist PowerBand in securing extensive credit facilities for its auto sales and leasing platform. Citation Capital Management is a London, UK based firm that specializes in independent investment advisory and capital […]