UFCW Issues WeedMD Notice To Bargain
WeedMD Inc (TSXV: WMD) appears to have played too closely with that of unions, without being unionized themselves. Now, the United Food and Commercial Workers Union (UFCW Canada) has notified the producer to sit down and bargain a contract for the roughly 250 employees at its Strathroy, Ontario cultivation facility. The notice issued by UFCW […]
United States Considering Issuing “Helicopter Money”
The United States is officially looking at a proposal often referred to as “helicopter money.” In a press briefing today related to the effects of the coronavirus on the economy, Steve Mnuchin, the Director of the Treasury, stated that they are “looking at sending checks to American’s immediately.” Frequently referred to as helicopter money within […]
GTEC Holdings Announces $4.5 Million Non-Binding Term Sheet
GTEC Holdings (TSXV: GTEC) and Trichome Financial (CSE: TFC) have entered a non-binding term sheet for a senior secured debt financing of $4.5 million as of March 13. The proceeds of the offering, upon closing, will be used to repay the currently outstanding $3.7 million in secured convertible debentures which come due June 11, 2020. […]
Aleafia Health Receives Cultivation License from Health Canada
Aleafia Health Inc (TSX: ALEF), through its wholly-owned subsidiary, has been granted a Health Canada Cultivation License on March 13, 2020 for its facility located in Grimsby, Ontario. This facility, called the Niagara Facility can produce an indoor all-year harvest via its advanced moving container bench system, while providing decreased operating costs and execution risk. […]
Acreage Holdings Closes On $43 Million, Struggles To Raise Additional Funds
Acreage Holdings (CSE: ACRG.u) this morning finally announced the closing of previously its previously announced credit facilities and loan transactions, albeit at significantly lower values and less favourable terms than previously provided. Collectively, the US$79 million expected to be received by the end of February 2020 has now whittled down to just $43 million, a […]
Hexo Corp Delays Q2 Filings, Announces $265 – $280 Million Asset Impairment
Hexo Corp (TSX: HEXO) (NYSE: HEXO) appears to be the latest cannabis firm to delay its filings, following that of Cronos Group (TSX: CRON) (NASDAQ: CRON) and Sundial Growers (NASDAQ: SNDL). Hexo announced the delay this morning, which is in relation to a significant impairment loss of between $265 and $280 million. The impairment being […]
Xebec Adsorption Releases Operational Update Regarding COVID-19 Impact
Xebec Adsorption Inc. (TSXV: XBC) has released an update regarding its current operations in Italy, China, and Canada amid the COVID-19 outbreak. Given the current developent of the COVID-19 in Canada, the company’s Quebec manufacturing facilities are to remain fully operational, without any delays in deliveries. Given the recent contract announcements, Xebec is currently in […]
Champignon Brands To Acquire Artisan Growers
Champignon Brands (CSE: SHRM) has entered into a definitive agreement to acquire that of Artisan Growers Inc, a BC-based craft mushroom cultivator and supplier. The cultivator will be acquired through an all stock transaction, for total consideration of 8 million common shares. Artisan Growers growers currently operates a craft production facility that grows a number […]
Canopy Growth Finally Ships First Infused Beverages
It appears that Canopy Growth Corp (TSX: WEED) (NYSE: CGC) has finally begun to sort out its previously disclosed production issues for its THC-infused cannabis beverages. The firm announced this morning that its first product line began shipping to provincial retailers on March 11. The first product to hit stores will be that of Tweed […]
Oasis Files Statement of Defence And Counterclaim Against iAnthus Capital
iAnthus Capital Holdings (CSE: IAN) has received a statement of defence and counterclaim from that of Oasis Investments II Master Fund Ltd in connection with the firms previously announced lawsuit against the lender. iAnthus, who announced the filing of a statement of claim against the lender on February 27, is alleging that Oasis has been […]