Tilray Year End: Production Success Overshadowed By Impairments
Tilray Inc. (NASDAQ: TLRY), is off -50% since having published its year end financials after market March 2, down -$7.68 over the five trading days to close at $7.67 in Monday’s bloodbath. The NASDAQ listed globalized cannabis enterprise sprung a few surprises on the street at audit time that ended up serving as a reminder […]
Delta 9 Guides To Fourth Quarter Revenues of $10.0 Million
Delta 9 Cannabis (TSX: DN) this morning released guidance for its fourth quarter and full year results for 2019. Full financial results have also been set for release on March 19, 2020, with the associated conference call to occur the following morning. For the fourth quarter of 2019, the company expects to report net revenues […]
Well Health Secures $10.0 Million Convertible Debt Financing
Well Health Technologies (TSX: WELL) announced this morning that they have secured a convertible debenture financing from a single institutional investor. The financing will see the company issue an aggregate of $10.0 million in unsecured convertible debentures, which rank equally with currently outstanding debentures. The debentures accrue interest at a rate of 10% per annum, […]
Aurora Cannabis Enters Penny Stock Territory
Aurora Cannabis (TSX: ACB) (NYSE: ACB) has officially entered penny stock territory. The Alberta-based cannabis cultivator saw its shares close at $0.95 on the New York Stock Exchange in the regular session of the day, down 18.89% on the day, after dropping as low as $0.90 earlier in the session. Closing below $1.00 on a […]
Neptune Wellness Appoints New Chief Operating Officer
Neptune Wellness Solutions Inc (TSX: NEPT) has appointed David Mayers as the company’s new Chief Operating Officer. David Mayers has over 30 years of senior experience in several fields including healthcare, cannabis extraction, and health and wellness. His expertise ranges in supply chain, corporate strategy, operations, M&A implementation, and facility expansion to name a few. […]
Flower One Releases Preliminary 2019 Financial Results, Provides Guidance
Flower One Holdings Inc (CSE: FONE) has released its unaudited full year fourth quarter 2019 revenues as well as the first quarter 2020 guidance report. In addition, the company has also provided corporate, operational, and brand partner highlights. With respect to the fourth quarter 2019, Flower One reported $5.7 million in revenues, which is an […]
Canadian, US Markets See Circuit Breaker Trading Halts
North American markets have seen turmoil this morning as circuit breaker triggers have been hit across several exchanges to halt trading temporarily. In the US, the S&P 500 fell more than 7% after this morning’s open, triggering what is referred to as a limit down circuit breaker. In Canada, similar market-wide circuit breakers were triggered, […]
Alison Gordon Leaves 48North Cannabis
48North Cannabis Corp (TSXV: NRTH) announced this morning that Alison Gordon has left the company effectively immediately, while no reason was given for her departure. Instead, the release framed the departure as a promotion for that of Chief Corporate Officer Charles Vennat, who will now be assuming the role of CEO. The departure of Gordon […]
PowerBand Closes First Tranche of US$10.0 Million Financing
PowerBand Solutions (TSXV: PBX) has closed on the first US$1.5 million tranche from its previously announced US$10.0 million financing. The investment results in significant financing for both its Canadian and US based operations as it works towards securing credit facilities for its automotive finance and leasing platform. The investment comes from that of D&P Holdings, […]
Dixie Brands Agrees To Reverse Takeover By BR Brands
This morning, Dixie Brands (CSE: DIXI.u) announced that it will be completing a reverse takeover transaction with that of BR Brands, a cannabis house of brands predominantly based in the Californian market. The transaction, which is currently a binding term sheet, will see the two firms merge with the transaction anticipated to complete by the […]