Parallels of Psychedelic Mushrooms and Cannabis
Psychedelics are a class of pharmacological compounds that produce unique and profound changes of consciousness. The most common psychedelics are psilocybin, LSD (lysergic acid diethylamide), DMT (dimethyltryptamine), and mescaline. In the past year, psilocybin has seen a reemergence. Decriminalization efforts are underway throughout the US. Mainstream media have begun to run specials on its popularity. […]
48North Launches First Topical Product In Ontario
It appears today is the day for a number of new product announcements for the Ontario cannabis market. Following the announcement of ready to drink cannabis beverages soon hitting the market by The Valens Company (TSXV: VLNS), 48North Cannabis (TSXV: NRTH) announced that they would be bringing the first cannabis topical product to the Canadian […]
Nio Secures US$235 Million In Interest Free Debentures
Chinese electric car maker Nio Inc (NYSE: NIO) has returned to the trough yet again to source convertible debt to keep its operation afloat. The company has secured US$235 million from “unaffiliated” Asia-based investment funds that will purchase the debentures on a private placement basis. The funding follows an additional US$100 million that was sourced […]
Shroom Boom! Has Michael Frank Brought Revive Back from the Dead?
Yesterday Revive Therapeutics (CSE: RVV) increased 81.8% from 5.5c to 10c on 4.1M shares traded. Presumably, RVV is beginning to take notice, thanks to the listing of other psilocybin issuers in Canada including MindMed (NEO: MMED) and Champignon Brands (CSE: SHRM). Prior to the recent run up, it has been a challenging couple of years […]
Valens First To Canadian Market With Ready To Drink Cannabis Beverage
As we previously suspected, it appears that all the money in the world evidently can’t always bring you the answers, or solutions, you need. Despite hundreds of millions of dollars being thrown at the cannabis-infused beverage space in Canada, neither Canopy Growth (TSX: WEED) (NYSE: CGC) nor Hexo Corp (TSX: HEXO) (NYSE: HEXO) with their […]
Canopy Growth Addresses BC Tweed Closure
Canopy Growth Corp (TSX: WEED) (NYSE: CGC) has officially released further details related to the discovered closure of the firms BC Tweed cultivation facilities located in British Columbia. The closure will affect approximately 500 positions at the company, a significant expansion from the assumed 300 positions that were based on company documents. In addition to […]
Canopy Growth Shutters BC Tweed Cultivation Facilities
It appears Canopy Growth Corp (TSX: WEED) (NYSE: CGC) is shutting down two of its BC-based cultivation operations. Originally leaked to the public by that of famed Twitter user @BettingBruiser, Global News has now evidently confirmed the news via discussions with former employees. The closures include both that of the Aldergrove and Delta facilities, referred […]
Is The Medipharm Labs Supply Arrangement The Source Of Cronos’ Late Filings?
Earlier this week, Cronos Group (TSX: CRON) (NASDAQ: CRON) quietly announced that they would delay the filing of their full annual report as a result of a revenue recognition review being conducted by forensic accountants. At the time, Cronos indicated that it was related to bulk resin purchases and the sale of product through wholesale […]
Charlotte’s Web Releases 2019 Hemp Harvest Results
Charlotte’s Web Holdings (TSX: CWEB) this morning announced harvest results for the full 2019 season for its hemp crop. The company saw a 245% increase in total biomass harvested, while also seeing a 10% increase in yield per acre. Total dried biomass for 2019 calendar year came in at 2.34 million pounds. For those that […]
Max Resource Releases Further Assay Results For Cesar Copper + Silver Project
Max Resource Corp (TSXV: MXR) this morning announced assay results for its Cesar project, located 420 km north of Bogota, Colombia. The results are for that of AMN-2, a part of its AM North section of the Cesar project. Assays, conducted via a 4 meter by 1 meter rock chip panel, returned results of 24.8% […]