Licensed producer Aurora Cannabis Inc. announced that it’s long-serving chief executive Terry Booth will be stepping down from his position, to be replaced temporarily by current executive chair, Michael Singer. Booth will remain on the company’s board and serve as strategic advisor to Aurora. A search for a permanent CEO is ongoing, the company said. The announcement came just days…
Is this just the tip of the iceberg? In a press release Feb 06, 2020 Aurora announced the retirement of CEO Terry Booth as part of its “Retirement and Succession, Board of Directors Expansion, and Business Transformation Plan” Aurora’s stock (NYSE | TSX: ACB) is down over 15% this morning and headlines are coming in fast and furious to our…
Cannabis stocks are facing a year in which they will finally have to put their money where their mouths are. Investors will need to see profitability from the full range of product types, and they will need to see it even before the retail environment is optimized. While there is some bullishness that a relaxing of the retail stranglehold on…
It’s pretty safe to say that last year did not go as planned for a majority of marijuana stock investors. The belief had been that cannabis stocks would push decisively into the green, led by skyrocketing dried cannabis sales in Canada, the subsequent launch of derivatives, and more legalizations in select U.S. states. But supply issues constrained legal product in…
By Senior Financial Analyst – Eric Vengroff, Cannabis Daily – Report Data Last Updated Nov.26th 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…