Green Thumb Industries Former CEO Continues To Unload Position
It appears that insider sales are becoming somewhat of a trend as of late. Following the filings made Friday by certain insiders of Aphria Inc (TSX: APHA) (NASDAQ: APHA), Green Thumb Industries (CSE: GTII) saw several filings of its own made. Pete Kadens, formerly the chief executive officer of the firm, made several filings on […]
Aphria Sees Owners of Double Diamond Farms Liquidate Position In Company
It appears that the owners of Double Diamond Farms aren’t exactly bullish on the prospects for their joint venture partner Aphria Inc (TSX: APHA) (NASDAQ: APHA). Both Chris and Benjamin, regarded as owners of Double Diamond as per a 2018 news release issued by Aphria in conjunction with their announced strategic relationship, have sold the […]
Ayr Strategies Price Target Upgraded By Canaccord, Echelon Wealth Following Second Quarter Reporting
Last week, Ayr Strategies (CSE: AYR.A) reported their second-quarter financials and reached an agreement to enter Pennsylvania by acquiring six retail dispensaries and a “significant cultivation and production footprint” for $57 million. Ayr generated $28.3 million in revenue this quarter down from $33.6 million last quarter. They had gross profits of $23.5 million, which is […]
Compass Pathways, Psilocybin Research Firm, Files For Nasdaq IPO
It appears that some authenticity and validation might be coming to the psychedelics space. Compass Pathways, a UK startup focused on psiloycbin, this week filed for its initial public offering on the Nasdaq Global Markets exchange. The company is currently proposed to trade under the symbol “CMPS”. As per the filing made Friday, the company […]
Spotlight Series: Dominion Water Reserves With CEO Marie-Claude Bourgie
Dominion Water Reserves is one of the latest issuers to hit the Canadian Securities Exchange, with the company hitting the markets on Monday August 10 under symbol “DWR”. For this reason, they are also the latest focus of our Spotlight Series. Dominion Water is focused on consolidating the water industry. Currently, they control close to […]
Saskatchewan To Build Canada’s First Rare Earth Element Processing Facility
Canada is getting its first rare earth element processing facility. It was announced yesterday by the Saskatchewan government that the province will be contributing $31 million in funding for a new rare earth processing facility, which will be owned by the Saskatchewan Research Council. The goal of both the government and the reearch council is […]
SLANG Worldwide: Canaccord Raises FY2020 Revenue Estimates Following Q2 Earnings
SLANG Worldwide (CSE: SLNG) announced their second-quarter financials yesterday, with revenue coming in at $4.6 million, basically flat quarter over quarter, and their Pro-forma revenues were $10.1 million. Slang also had an adjusted EBITDA loss of $1.8 million, with gross margins of $2.8 million or 62%. Only three analysts cover SLANG, and all three analysts […]
Canada Sees GDP Fall 11.5% In Second Quarter
It’s been reported by Statistics Canada this morning that the second quarter saw real GDP fall by 11.5% as a result of the ongoing coronavirus pandemic. Worst yet, on an annualized basis the tumble amounted to a 38.7% decline in GDP, as compared to 31.7% posted by the US for the same period. Lockdowns throughout […]
Global Crossing Secures First Passenger Aircraft
Global Crossing Airlines (TSXV: JET), formerly known as Canada Jetlines, had a major announcement this morning in that it signed a letter of intent for its first passenger aircraft. The aircraft, an Airbus A321, will be operated under a lease with Magnetic Leasing. The aircraft is currently expected to be delivered this December, following the […]
PowerBand’s Leasing Solution To Expand To 13 Additional States
PowerBand Solutions (TSXV: PBX) is going big time. The company announced this morning that it is currently working to expand its leasing division to thirteen additional states by September 15, 2020. The expansion will enable over 200 million Americans to access its digital lease and financing solution. The expansion follows the success that Musa Auto […]