Mission Ready Awarded Contract from US Defense Logistics Agency
Mission Ready Solutions Inc (TSXV: MRS) was awarded a contract, through its wholly-owned subsidiary Unifire Inc from the United States Defense Logistics Agency on March 5, 2020. The contract is of a firm-fixed-price, and does not have a definitive delivery date or specified quantity. The contract was awarded to five other companies as well, and […]
Meltdown Watch: Point and Figure Edition
It has come to the point at which we’re trying to figure out what’s going on, and the best way to do that is to have a look at the trends. Whenever the US equities markets fall apart, we channel the late Richard Russell, who read the trends in major indexes through the lens of […]
Zenabis Global Cuts 22% Of Staff, Plans To Sell Facility
Zenabis Global (TSX: ZENA) released a corporate update after the bell this evening, identifying that a number of cuts have occurred at the company as it strives for profitability amid a downturn within the Canadian cannabis sector. The firm has now decided that all of the firms construction projects are substantially completed, and any previously […]
Supreme Cannabis Sees Valuation Slip Below Value Of Outstanding Debentures
It’s no secret that 2019, or even 2020 for that matter, hasn’t been very kind to that of investors within the cannabis sector. Many are currently facing losses on their positions as enthusiasm for the sector continues to wane. Investors of The Supreme Cannabis Company (TSX: FIRE) are no exception to this rule, with their […]
Hollister Biosciences Signs LOI to Acquire Mushroom Firm
Hollister Biosciences Inc. (CSE: HOLL) has signed a letter of intent to to acquire Alphamind Brands for an approximate purchase price of CDN $1.2 million. As per the letter of intent which was signed on March 9, 2020, Hollister will purchase Alphamind Brands for a price of CDN $1.2 million in the form of the company’s […]
Corporate Bond ETFs: Is The Fixed Income Market Trying To Tell Us Something?
It isn’t that the small cap world didn’t notice the global equities selloff. The TSX Venture took as big a proportional hit as the Dow and the S&P 500 Monday. It’s just that we’re used to this sort of thing. Earthquakes are a way bigger deal in San Francisco than they are across the bay […]
James Wagner Announces Yet Another Financing
In what has to be a record for endless financing announcements by a small Canadian licensed producer, James E. Wagner Cultivation (TSXV: JWCA) announced this morning that it had secured an additional $1.2 million in the form of a convertible security funding arrangement from that of Lind Global Macro Fund, which follows an announced $10.0 […]
Canopy Growth Loans TerrAscend C$80.5 Million
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) announced this morning that it has made a further investment into that of TerrAscend Corp (CSE: TER), this time in the form of a secured debenture to the tune of C$80.5 million. The loan follows a US$10 million investment by Canopy Rivers (CSE: RIV) in late 2019, as […]
TGOD Posts Revenues of $3.13 Million, Net Loss of $144.75 Million For Fourth Quarter
The Green Organic Dutchman (TSX: TGOD) reported its fiscal fourth quarter and full year 2019 financial results this evening, posting net revenues of $3.13 million, of which $0.56 million was attributable to cannabis sales, while posting a loss of $144.75 million for the quarter. The majority of its revenues came from that of subsidiary Hempoland […]
ImmunoPrecise Posts Third Quarter Revenues of $4.0 Million
ImmunoPrecise Antibodies Ltd (TSXV: IPA), a therapeutic antibody and vaccine research company has released its financial results for the third quarter ended on January 31, 2020. The company had revenues of $4,034,440 in the third quarter, which is a 50% increase from the same quarter in the year prior, with a gross profit of $2,223,669. […]