By Senior Financial Analyst – Eric Vengroff, Cannabis Daily – Report Data Last Updated Nov.4th 2019 It’s critical when evaluating the health of a public company to track a variety of financial performance indicators, especially in emerging markets such as cannabis. Since legalization of recreational cannabis; a burgeoning group of issuers have emerged in a high-risk and dynamic pot stock…
VANCOUVER, Sept. 10, 2019 /CNW/ – Zenabis Global Inc. (TSX:ZENA) (“Zenabis” or the “Company“) today announced that it has entered into a Supply Agreement with the Ontario Cannabis Retail Corporation (“OCS”) to supply adult-use recreational cannabis to retailers throughout the province. Zenabis will begin supplying OCS with 21 distinct, adult-use cannabis products under its premium Namaste and Blazery brands, in the third…
Zenabis Global Inc. (“Zenabis”) (TSXV: ZENA) runs like a military operation delivering top results, here’s why. “I’ve been in the Canadian armed forces for 16 years now and that’s just how I’ve spent a lot of my free time. I’ve been either full-time or part-time on military training for 5 of the last 16 years. I finished joint command staff…
Recently, Cannabis Daily has worked to up its game in the area of financial reporting by consistently digging into the financial performance of a select 50 companies that we track by virtue of either market capitalization or ongoing revenue generation. Indiva Ltd., is on the smaller side but the company recently popped up on our screens, having recently started commercial…
Editorial Eric Vengroff, Financial Analyst On July 17th, two cannabis company acquisitions were announced and in some way, they are reflective of the relative strength and direction of the cannabis industry on both sides of the Canada-U.S. border. The first and larger of the two deals was announced by Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF), a company covered extensively…
The Company just announced approval to begin supplying Saskatchewan’s 36 licensed cannabis retailers in the coming weeks. TORONTO, June 17, 2019 (GLOBE NEWSWIRE) — Biome Grow Inc. (“Biome” or the “Company”) (CSE: BIO) (Frankfurt: 6OTA) (OTCQB: BIOIF) is pleased to announce that it has been conditionally approved for commencing retail sales of cannabis in the province of Saskatchewan with the cannabis being supplied…
Up Cannabis Adds New Brunswick as Eighth Province for Distribution TORONTO, March 25, 2019 /CNW/ – Newstrike Brands Ltd. (TSX-V:HIP) announced that Up Cannabis Inc. (“Up Cannabis”), its wholly-owned subsidiary, has entered into an agreement with Cannabis NB as a licensed producer to supply cannabis. “We are very excited to announce this partnership with Cannabis NB,” said Jay Wilgar, CEO of both Newstrike and Up…
MARCH 11, 2019 Letter of intent is the first step to obtain a cannabis production license in Malta. Malta is strategically located to serve export markets throughout Europe. TORONTO, March 11, 2019 /CNW/ – The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) today announced that the Company has signed a letter of intent with Malta Enterprises, the economic…
Edmonton, AB – March 7, 2019 – Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) (Frankfurt: 21P; WKN: A1C4WM) today provided an update on its strategic investment in Choom Holdings Inc. (“Choom”) (CSE: CHOO), an emerging consumer cannabis company that has secured one of the largest retail networks in Canada. Since Aurora completed its $27 million investments in the Choom private…
TORONTO, ON, March 6, 2019 – Emblem Corp. (TSXV: EMC, OTCQX: EMMBF) is pleased to announce that, at the special meeting of shareholders of Emblem held today, the shareholders of Emblem voted in favour of a special resolution to approve the proposed arrangement involving Emblem and Aleafia Health described in the joint press release issued by Emblem and Aleafia on…
EDMONTON, March 4, 2019 – Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM) announced today that the Company has completed the acquisition of all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation, in an all-share transaction, pursuant to the terms of an amalgamation agreement dated January 31, 2019 among Whistler, Aurora, and a wholly owned subsidiary of Aurora. Located…
Increased revenue sequentially by 39% to $29.9 million. Continued to perform favorably in California with eight retail locations reporting a combined $23.7 million in revenue, representing a 28% quarter-over-quarter increase. Increased overall gross profit margin to 53%, compared to 45% in the previous quarter. Appointed key personnel to the management team, including Michael Kramer as CFO. During the quarter, closed…