Boston Beer Company Steps Into Cannabis Space Via Partnership With Entourage Health
Beverage alcohol continues to make inroads into the cannabis marketplace. The Boston Beer Company (NYSE: SAM) is the latest such major alcohol firm to do so, with Entourage Health (TSXV: ENTG) this morning announcing a new partnership with the firm. The arrangement between the Canadian cannabis grower and the US-based beer maker will see a […]
Harborside Reports Q2 Revenues Of $15.4 Million, Net Income
Harborside Inc (CSE: HBOR) last night reported its second quarter financial results. The company saw strong sequential growth of revenues, with revenues for the quarter coming in at $15.4 million on a net basis, up 23.4%. Revenues for the quarter climbed substantially as a result of an improvement in wholesale revenues. On a gross basis, […]
Imperial Helium Sees Second Well Completed At Steveville
Imperial Helium (TSXV: IHC) continues to plod along on its path to production. The company this morning announced that it has completed its second well at its flagship Steveville property, referred to as IHC-Steveville-2. Drilling, logging, and casing is now formally completed on the well, with completion and production testing scheduled to commence in the […]
The Valens Company To Acquire Citizen Stash In All-Stock Transaction
Evidently there is still a level of M&A occurring within the Canadian cannabis space. The Valens Company (TSX: VLNS) this morning announced that it will be making an effort to step further into the craft cannabis space via the acquisition of Citizen Stash (TSXV: CSC) via an all share transaction. Pegged at a valuation of […]
Plant 13: Canaccord Lowers Estimates Due To COVID Headwinds
On August 26, Planet 13 Holdings (CSE: PLTH) announced its second quarter financial results. The company reported revenues of $32.8 million, up 205% year over year. Gross margins came in at 57%, or $18.7 million, up 44% year over year. They also reported an adjusted EBITDA of $7.2 million or a 22% adjusted EBITDA margin, […]
Support.com Becomes Newest Meme Stock; Valuation Has Detached From Any Reasonable Metric
Support.com, Inc. (NASDAQ: SPRT), a small cap provider of customer and technical support solutions, represents the newest meme stock with a valuation that now transcends any conventional metric. The new breed of Reddit-inspired investors seems to have discovered this stock in August, pushing it from around US$7.50 on August 1 to as high as US$59.69 intra-day […]
PayPal Looking to Create Stock Trading Platform Amid Retail Investor Boom
PayPal is looking to get into the stock trading business, in an effort to better align the payments giant with the ongoing boom in retail investing. According to CNBC, which cited individuals familiar with the matter, PayPal is in the midst of exploring new ways to allow its US customers to trade individual stocks. The […]
BMO Lowers Estimates For Peloton Interactive
Last week, Peloton Interactive Inc (NASDAQ: PTON) announced that their new Peloton Tread will be available in the United States, Canada, and the United Kingdom on August 30, while it will be available in Germany in fall 2021. The company revised multiple safety features after they recalled the product due to consumer safety incidents. Peloton […]
MustGrow: Organic Disease Control – The Daily Dive
Today on the Daily Dive, we welcome back Colin Bletsky, COO and Director of MustGrow Biologics Corp (CSE: MGRO). Colin joins us today to discuss the company’s recent exclusive agreement with Sumitomo Corporation, the results of its non-exclusive Carnation trials and its economic uses, what distinguishes the company from its competitors, and the sustainability of […]
Beacon Expects NG Energy’s Sinu-9 Approval To Arrive Soon
On August 25, NG Energy (TSXV: GASX) reported its second quarter financial results. Although there is not too much to them as they are still pre-production, the company had a net loss of $0.9 million or ($0.01) per share. The company additionally ended the quarter with $3.43 million in cash on hand and $0.56 million […]