Company News
Cronos Group Confirms Discussions Regarding Potential Investment by Altria Group: Cronos Group Inc. (TSX: CRON) (NASDAQ: CRON) confirmed that it is engaged in discussions concerning a potential investment by Altria Group Inc. (NYSE: MO) in Cronos Group. No agreement has been reached with respect to any such transaction and there can be no assurance such discussions will lead to an investment or other transaction involving the companies. www.newswire.ca
Aphria has been Targeted by a Negative Shortseller Report Sending its Stock Plummeting
Aphria Made 2 Statement Refuting the Short-Seller Report: –Aphria Inc. (TSX: APHA) NYSE: APHA) is aware of a short-seller report released earlier today which Aphria believes is a malicious and self-serving attempt to profit by manipulating Aphria’s stock price at the expense of Aphria’s shareholders www.newswire.ca
Aphria Inc. provided the following update on its Latin American operations, including its previously completed LATAM acquisition of LATAM Holdings Inc. consisting of licenses and other assets and related businesses in Colombia, Argentina and Jamaica and a right of first offer and refusal in respect of Brazil, which closed on September 27, 2018.. www.prnewswire.com
The Short Seller’s Claims: Aphria a Shell Game with a Cannabis Business on the Side: Earlier this year, Aphria came under scrutiny after exposed undisclosed insider self-dealing relating to the company’s $425 million acquisition of Nuuvera. Aphria recently spent over C$280 million on nearly worthless Latin American acquisitions that appear to have clear signs of insider self-dealing. Quintessential Capital Management estimates that at least 50% of Aphria’s C$1.46 billion in net assets have been diverted to ‘investments’ that are, at best, grossly inflated seekingalpha.com
MedMen Opens First Store in Arizona: MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) has completed its acquisition of Omaha Management Services, LLC, for control of Monarch, a Scottsdale, Arizona-based licensed medical cannabis license holder with dispensary, cultivation and processing operations. The transaction, with WhiteStar Solutions LLC, included the acquisition of WhiteStar’s exclusive co-manufacturing and licensing agreements with Kiva, Mirth Provisions and HUXTON for the state of Arizona. www.businesswire.com
Origin House to Acquire Cub City – Craft Cannabis Production Facility and Operational Team – to Expand Brand Accelerator Program: CannaRoyalty Corp. d/b/a Origin House (CSE: OH) (OTCQX: ORHOF) has signed a binding term sheet to purchase and acquire certain business assets of California-based cannabis cultivator, Cub City LLC for total consideration of US$7,025,000. Origin House will acquire a state-of-the-art craft cultivation facility with annual production capacity of up to 1,400 kg of ultra-premium flower, implying a purchase price of US$5 per gram of funded capacity. The Facility is strategically located in close proximity to FloraCal’s 62,000 sq. ft. facility. The additional 24,600 sq. ft. cultivation capacity will be focused on third party cultivation. www.newswire.ca
Wayland Enters the Asia-Pacific Market with Australian Acquisition: Wayland Group (CSE: WAYL) announced its expansion into Australia, through entering into an agreement to acquire 50.1% of Tropicann Pty Ltd., a newly formed, privately owned Australian company located in Darwin, Northern Territory, to partner with industry leaders in Australia’s expanding cannabis industry. With this acquisition Wayland has positioned itself in the important and burgeoning Asia-Pacific market. Pursuant to the terms of the agreement the Company has agreed to make an initial payment of $4,800,000 Canadian dollars followed by a second payment of $24,000,000 CAD following certain milestones being achieved, including issuance to Tropicann of a license to cultivate cannabis in Australia. Globenewswire.com
Funding/Equity Investments;
- MYM Announces $25,000,000 CDN Equity Investment: MYM (CSE: MYM) (OTCQB: MYMMF) announced the company has signed a term sheet for a $25 million equity investment by Alumina Partners LLC, a New York-based private equity firm that has made substantial investments in the cannabis space. The investment will be used to continue construction on both the Weedon and Laval projects in the province of Quebec and for general corporate purposes. MYM’s subsidiary, CannaCanada, is currently building a 1.5 million square-foot greenhouse in the Eastern Township community of Weedon, Quebec. M newswire.ca
- OG DNA Genetics Inc. Completes US$35 Million Equity Capital Raise: OG DNA Genetics Inc. has successfully closed the first two equity financings in the history of the company, bringing in an aggregate of US$35 million from a strong group of institutional and strategic investors. DNA intends to use the net proceeds from this capital injection to manufacture, distribute, brand and sell a wide variety of high quality adult cannabis products under the DNA label, including indoor-grown dry flower, pre-rolled joints, vaporizer cartridges, and a full line of concentrates. com
- Emerald Health Therapeutics Announces $10.8 Million Prospectus Sale: Emerald Health Therapeutics, Inc. (TSXV: EMH) (OTCQX: EMHTF) has entered into a binding term sheet with a single Canadian institutional accredited investor The Company intends to use the net proceeds of the Offering to fund the completion of capital projects, research and development, working capital, and general corporate purposes. com
- High Tide Announces Brokered Private Placement of up to $20 Million of Convertible Debentures: The net proceeds of the offering will be used by the company to fund retail acquisitions, Canna Cabana and Smoker’s Corner store upgrades, for strategic acquisition opportunities as well as for general working capital purposes. newswire.ca
- Cura Partners, Inc. Announces Closing of $75 Million Private Placement Funding Round to Drive Further Expansion: This latest capital raise included investments from leading cannabis industry institutional investors in North America, Europe, Asia, Australia and the United Kingdom, reflecting increasing global interest in the cannabis industry and, more specifically, in our unique strategy and growth opportunities. We plan to invest the proceeds in product development, brand marketing, leadership talent and operational infrastructure to drive demand and fulfillment capabilities in the increasing number of legal U.S. and International markets.” businesswire.com
- DionyMed Holdings Inc. Announces the Closing of Approximately C$35 Million of Private Placement Subscription Receipts and Conditional Listing Approval by the CSE: The CSE has provided conditional approval of the listing of the subordinate voting shares of Sixonine under the trading symbol “DYME”, which listing is anticipated to occur shortly following the completion of the previously announced business combination of Sixonine and DionyMed Holdings Inc. newswire.ca
- Gotham Green Partners to Invest Up to $15 Million in The High Note Inc.:Gotham Green Partners, LLC, a New York-based private equity firm focused on deploying capital into cannabis and cannabis-related enterprises, just announced a major $15 million USD investment in vertically-integrated Los Angeles, California-based The High Note Inc. Founded by Chief Executive Officer, John Jezzini, The investment from Gotham Green Partners will allow The High Note to achieve several strategic goals including the expansion of The High Note’s high-end cannabis lifestyle dispensary brand. Additionally, Gotham Green’s investment will put The High Note in a position to commence development of its 29.5 acres state-of-the-art cannabis business park in California City providing The High Note with an additional 550,000 square feet of cultivation space. com
- IGC Resources and Westleaf Announce Closing of $20 Million Financing Including Investment from Tilray:IGC Resources Inc. (TSXV: IGC.H) and Westleaf Cannabis Inc., announced that IGC has closed its previously announced brokered private placement of subscription receipts of IGC for gross proceeds of $20,108,403 . Additionally, Westleaf is pleased to announce that Tilray Inc. has made a $2.9 million strategic investment through the Offering. The net proceeds from the Offering are intended to be used by the Resulting Issuer (as defined below) for expansion of its operations and general corporate purposes. Westleaf is targeting between 20 to 30 retail store openings over the next 12 to 24 months. newswire.ca
Level Brands Signs Definitive Merger Agreement to Acquire Nationally Recognized Cannabidiol (CBD) Consumer Products Brand cbdMD: Level Brands, Inc. (NYSE MKT: LEVB) announced that it has signed a definitive merger agreement to acquire Cure Based Development, LLC the owner, operator and manufacturer of nationally recognized consumer cannabidiol (CBD) brand cbdMD, in a two-step merger. The closing of the merger is subject to a number of customary conditions precedent as well as both the passage of the Agricultural and Nutrition Act of 2018, which is commonly referred to as the 2018 Farm Bill, or such other titled Federal legislation, which, when approved by the President of the United States, contains a permanent declassification of cannabidiol (CBD) as a controlled substance under Federal law. www.businesswire.com
CBD beverage maker eyes global expansion via $85M purchase of Utah company: New Age Beverages Corp. (NASDAQ: NBEV) announced that it will acquire privately held Morinda Holdings of Provo, Utah, for $85 million. Morinda focuses on direct-to-consumer and online sales, with 70% of its business generated in Japan, China, Korea, Taiwan and Indonesia. Both companies also make and distribute non-CBD beverages, including kombucha and tea. mjbizdaily.com
Green Axis Closes Share Exchange Agreement and Enters into Letter Agreement for RTO Transaction with Ignite and up to $250m Concurrent Financings: Green Axis Capital Corp. (CSE: ALQ) announced that, further to a news release dated October 12, 2018, the company closed the share exchange agreement dated September 29, 2018 among the company, Ignite International, Ltd. and two shareholders of Ignite US. Following the closing of the Second Share Exchange Transaction, the only shareholder of Ignite US other than the Company will be Bilzerian who will own approximately 49.9% of the Ignite US Shares on a non-diluted and fully-diluted basis. The Company will change its name to “Ignite International Brands, Ltd.” www.newsfilecorp.com
Cannex Capital and 4Front Announce Transformational Business Combination to Create Operations Focused Industry Leader: Cannex Capital (CSE: CNNX) (OTCQX: CNXXF) and 4Front Holdings, LLC have signed a binding letter agreement pursuant to which 4Front has agreed to combine with Cannex in an all-stock transaction. The new combined company will own, operate or manage six existing cultivation and production facilities in Washington, Illinois and Massachusetts and five retail operations in Illinois, Massachusetts, Maryland, and Pennsylvania. 4Front also has licenses or licensing agreements in place that will enable it to open and operate several more dispensaries in Massachusetts, Maryland, and Pennsylvania under the Mission brand, which should bring the total number of related operations to 20 by year-end 2019 within the combined company’s existing asset base. The combined company’s near-term M&A opportunities include ongoing negotiations in California, Michigan, Nevada and Arizona, as well as pending license applications in Ohio, Arkansas and Connecticut. www.cannexcapital.com
LiveWell Canada and Vitality CBD Natural Health Products Merger to Create a Global CBD Life Sciences Company: LiveWell Canada Inc. (CSE: LVWL) (OTCPK: LXLLF) announced that LiveWell has signed a binding letter of agreement to acquire 100% of Vitality CBD Natural Health Products Inc. and its wholly-owned U.S. subsidiaries, which will result in a reverse takeover transaction by Vitality. The Transaction will enable the combined companies to become a new leader in the health and wellness market for CBD products from hemp and cannabis. Vitality, a cultivator and producer of hemp CBD, and LiveWell, a cannabidiol (“CBD”) researcher, developer, marketer and distributor, will combine their U.S. and Canadian operations to address the anticipated growing demand for CBD and other cannabinoid products in North American and international markets. www.newswire.ca
CROP Increases Nevada Land Position for Hemp CBD to 2,115 Acres in Anticipation of Hemp Provisions in Farm Bill Passing: Crop Infrastructure (CSE: CROP) (OTCPK: CRXPF) announced its 49% owned subsidiary Elite Ventures has leased an additional 250 acres in Nevada taking the company’s 2019 state holdings to 2,115 acres with 1,350 acres already under pivot irrigation. With the new US Farm Bill now including critical provisions on hemp, CROP already announced on October 23rd, a 3-year, 1,500,000 pound, $18.0-$28.0 MM USD per year CBD biomass supply agreement in the US (depending on CBD content) and is now focusing on allocating 2019 CBD Isolate supply agreements both domestically and internationally. Cannabis industry analysts, The Brightfield Group, estimate the hemp-CBD market alone could reach $22-billion by 2022. www.newswire.ca
48North Announces Equity Investment, Supply Deal and Strategic Partnership with Canopy Growth; Completes Acquisition of Good & Green, Fulfills $10 Million Private Placement, and Appoints Jeannette VanderMarel as Co-CEO: Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) entered into two agreements with 48North Cannabis Corp. (TSXV: NRTH) (OTCPK: NCNNF) a strategic investment financing and partnership and a supply agreement. Under the Supply Agreement, 48North will supply Canopy Growth with dried cannabis produced from high-grade, unique genetics, grown at 48North’s wholly-owned facility, DelShen Therapeutics Corp. The total volume of the Supply Agreement is estimated to be a minimum of 1,200 kilograms and deliverable over the course of 12 months. Canopy will invest $3 million into 48North. www.newswire.ca The company also announced that 48North Cannabis Corp. and 2599708 Ontario Inc. (“Good & Green”) have entered into a letter agreement that became binding on October 29, 2018, whereby 48North will acquire all of the issued and outstanding common shares of privately-held Good & Green in an all-share transaction valued at $18,000,000. 48North is also pleased to announce a $10,000,000 non-brokered private placement of units, including an approximately $7,000,000 lead order from a leading US-based private investment fund. The Acquisition provides 48North with a total expected 2019 production of at least 45,000 kilograms of high-quality dried cannabis, assuming receipt of applicable regulatory approvals. Good & Green’s cultivation and production facilities include an approximately 46,000 square foot indoor facility situated on five-acres of commercial land in Brantford, Ontario, as well as a 100-acre farm in Southwest Ontario. www.newswire.ca
Cresco Labs Approved for Listing on the Canadian Securities Exchange. Shares Began Trading on December 3rd: Cresco Labs Inc., formerly Randsburg International Gold Corp., announced that its business combination with Cresco Labs, LLC has been completed and that its subordinate voting shares have been approved for listing on the Canadian Securities Exchange under the symbol “CL.” In connection with the Business Combination, on November 26, 2018, Cresco Labs Finco Ltd. completed a subscription receipt offering whereby it issued an aggregate of 12,624,054 subscription receipts for gross proceeds of C$107.3 million. globenewswire.com
Khiron Life Sciences Enters Mexican Cannabis Market: Khiron Life Sciences Corp. (TSXV: KHRN) (OTCQB: KHRNF), announced that its wholly-owned subsidiary, Kuida Life Mexico S.A., has received approval from Mexico’s Federal Commission for the Protection against Sanitary Risk (COFEPRIS) to import and commercialize three products of the Company’s Nutraceutical Line. The commencement of sales in Mexico is subject to prior TSX Venture Exchange approval. With these approvals, Khiron is positioned to market these products across Mexico, a country of over 120 million people, and with the largest per capita consumption of dietary supplements in Latin America, according to Euromonitor International. At the end of 2016 the market value of this sector in Mexico alone was US $552.1 Million and growing at an annual rate of 13.4% since 2011 (Euromonitor). www.newswire.ca
- New Listing: Dixie Brands Inc. (CSE: DIXI.U): Dixie began trading on the CSE under the symbol DIXI.U. Dixie is currently operating in four states (Colorado, California, Nevada, and Maryland) and has international distribution and manufacturing partners in Australia and Canada. Dixie plans to expand into four to six additional states in 2019 through partnerships with licensed and regulated producers in each state.. com
Companies reporting financial results:
- 1933 Industries Inc. (CSE: TGIF) – Q4/18 – Record sales revenues of $12.6 mm for the year. Overall gross margins for 2018 of 49%. Net cash and cash equivalents of approximately $9.4 mm. www.newswire.ca
- 48North Cannabis Corp. (TSXV: NRTN) Q1/19 – September 30
- Acreage Holdings, Inc. (CSE: ACRG.U) – Q3/18: Revenue of US$5.5 mm, up 160% versus the prior year period, and YTD revenue of US$10.6 mm, up 92%. On a pro-forma basis*, revenue for Q3/18 was US$19.3 mm, and YTD was US$54.2 mm. Net cash approximately $311 mm. www.sedar.com
- Australis Capital Inc. (CSE: AUSA) – Q2/19 – Net cash position of $14.7 mm. ACI is an investment company which may invest in a broad range of industries, primarily focusing on investments in the cannabis industry predominantly in the United States. www.sedar.com
- Beleave Inc. (CSE: BE) – Q2/19: Revenue was $316 k and net loss was $4.8 mm. Net debt $2.3 mm. www.sedar.com
- Benchmark Botatics Inc. (CSE: BBT) -Q3/18 – Net loss for the Q3/18 was $1,496,008, compared to a net loss of $194,138. On August 31, 2018, Potanicals was issued a license to sell dried cannabis under the ACMPR by Health Canada. Cash position of $1.8 million.
- Bevo Agro Inc. (TSXV: BVO) -Q1/19: Revenue was $4.2 mm and net loss was $121 k. On October 4, 2018 the company announced an Arrangement Agreement with Sun Pharm Investments Ltd. for a reverse take-over of Bevo Agro Inc. A plan of arrangement under which Bevo will distribute its interest in CubicFarm Systems Corp. to the
shareholders of Bevo, with Bevo shareholders expected to receive one common share of Cubic for every Bevo share held. Bevo changing its name to Zenabis Global Inc. www.sedar.com
- Canopy Rivers Inc. (TSXV: RIV) Q2/19 – September 30 – To date, the Company has made investments in eleven companies. Cash balance was $106 million as of August 31, 2018. globenewswire.com
- Charlotte’s Web Holdings, Inc. (CSE: CWEB) – Q3 revenue of $17.7 million on 57% year-over-year growth. Year-to-date revenue reaches $48.0 million with 34% Adjusted EBITDA. Company’s cash at September 30, 2018 was $79.4 million. www.newswire.ca
- Curaleaf Holdings Inc. (CSE: CURA) Q3/18 – September 30 – Total revenue for the nine months ended September 30, 2018 was $45.1 million, an increase of 247%, compared to $13.0 million for the same period in 2017. As of September 30, 2018, the Company had $48 million of cash. For the full year 2019, Curaleaf estimates revenue of $400 million enterprise wide, including revenue generated by the non-profits, and free cash flow of $100 million. www.newswire.ca
- Delta 9 Cannabis Inc. (TSXV: NINE) – Q3/18: Revenue for three-month and nine-month periods, was $1.25 mm, and $2.2 mm. Cash position at Q3/18 of $23.2 mm. From legalization of recreational cannabis on October 17, 2018 to November 28, 2018, Delta 9 has recorded more than $1,600,000 in revenue from wholesale recreational cannabis sales. It has also recorded more than $2,350,000 in revenue from its first Delta 9 Cannabis Store outlet as well as through online deliveries in the Province of Manitoba. To date the average price of cannabis sold by Delta 9 in retail stores and online is approximately $11.47 per gram, with an average cost to of $8.64 per gram. www.newswire.ca
- Emerald Health Therapeutics (TSXV: EMH) – Q3/18: Q3 revenue $321K and a net loss of $6.4 mm. Company had approximately $50 million in cash, cash equivalents and short-term investments as of September 30, 2018. Emerand’s 50%-owned Pure Sunfarms joint venture in BC is completing a sophisticated 1.1 million square feet greenhouse and its Agro-Biotech operation in Québec is completing a 75,000 square feet indoor facility. Commercial production is expanding in both facilities. Emerald has secured approximately 500 acres of hemp harvest in 2018 and has contracted for approximately 1000 acres in 2019 to 2022 with the goal of extracting low-cost cannabidiol (CBD). www.sedar.com
- FlowerOne Holdings Inc. (CSE: FONE) – Q3/18: Company has $24.4 mm in cash and cash equivalents and $18 mm in promissory notes due March 2019. Acquired a greenhouse and production facility, which will be Nevada’s largest such facility at 455,000 square feet when construction is completed. “Conversion of our greenhouse and begin onboarding cannabis plants in the first quarter of 2019, with our first harvest expected in the second quarter of 2019. With these milestones, we will be the largest cannabis cultivator and producer in the Nevada market.” www.newswire.ca
- FSD Pharma Inc. (CSE: HUGE) – Q3/18: Cash balance of $33.8 mm. Company’s phase one growth plan involves the development of 25,000 square feet of indoor grow space at its Ontario facility and an additional 220,000 square feet, which pending approval by Health Canada, is expected to be operational in the Q1/19. www.newswire.ca
- Gabriela’s Kitchen Inc. (CSE: GABY) – Q3/18. Gross sales increased by 78% and 134% to $540 k and $1.76 mm, respectively, in Q3/18 and YTD 2018. Cash position approximately $800 k. The acquisition of The Oil Plant on October 1, 2018 and Sonoma Pacific Distribution expected to close in early 2019. GABY’s pro forma gross sales assuming these acquisitions took place January 1, 2018 would have been $6.0 mm for the nine-months ended September 30, 2018. www.sedar.com
- Green Thumb Industries (CSE: GTII) – Q3/18 – Third quarter 2018 revenues increased 344% year-over-year to $17.2 million. Quarter-over-quarter revenues increased 26%. Strong cash position of $150 million. investors.gtigrows.com
- Harvest Health & Recreation, Inc. September 30, 2018: Total revenue was $11.2 million, up YOY 62%. Gross profit, excluding impact of biological assets, was $5.6 million, up 61% YOY. Net loss was $0.5 million, including a $3.7 million of RTO and expansion related expenses.
- Harvest One Cannabis Inc. (TSXV: HVT) – Q1/19: Revenue was $1.68 mm (↑862% YoY). Cash balance of $48.3 mm. Company signed agreements to supply adult-use cannabis with four provinces: BC, Ontario, Manitoba and Saskatchewan and it successfully met all provincial load-in obligations. www.harveston.com
- iAnthus (CSE: IAN) – Q3/18 – Revenue increased 101% quarter-over-quarter, increasing to $1,074,398 in Q3 from $533,545 in Q2. Cash balance is currently $24.3 million. Combined entity (iAnthus/MPS will operate in 10 states and have 14 cultivation/processing facilities and 56 dispensaries. ianthuscapital.com
- Indiva Limited (TSXV: NDVA) – Q3/18 – International expansion – Indiva announced the signing of a non-binding letter of intent to acquire 100% of a Danish medical cannabis cultivation and handling licence from AEssence Europe in exchange for 1.6 mmcommon shares and USD $1.1 million, payable over three years. YE cash position of $24.3 mm. sedar.com
- Inner Spirit Holdings Ltd. (CSE: ISH) – Q3/18: Revenue was $1.5 mm ↑47% YoY. Net loss $940 k. Cash position of $4.6 mm. The Company has secured more than 100 franchise partnerships in Alberta, Saskatchewan, B.C. and Ontario with plans to also open corporate stores throughout Alberta. Four franchise locations are currently selling cannabis to consumers in Alberta and Saskatchewan, and it’s expected there will be more than 100 branded dispensaries open and operating in provinces where that is permitted by the end of 2019. www.sedar.com
- Isodiol International Inc. – Q2/19: Revenue of $8.0 mm (↑YoY) with gross profit of $4.3 mm. Net loss was $8.6 mm. Net cash position $0.5 mm. www.sedar.com
- Khiron Life Sciences Corp. (TSXV: KHRN) – Q3/18: Current cash position approximately $28.5 mm. Recognized first sales in October 2018 with the commercialization of Kuida®. Brand launched with store front, online and wholesale distribution channels. Announced the signing of a definitive agreement to acquire the Latin American Institute of Neurology and the Nervous System. ILANS generates approximately $10 mm in revenues and $1.8 mm in EBITDA, as set forth in audited financial statements for financial year ended December 2017. globenewswire.com
- KushCo Holdings (OTCQB: KSHB) Q4/18 – August 31 – 2018 – Revenue was up 177% Year-over-Year to $52.1 million. Cash balance was $13.5 million as of August 31, 2018. globenewswire.com
- LiveWell Canada Inc. (TSXV: LVWL) – Q1/19 – Signed a major CBD supply and marketing binding term sheet with Global Wellness, a U.S. private equity firm. Partnering with Vitality CBD Natural Health Products Inc, the 15-month deal commences January 2019 for 1,000 kg/month, increasing to 3,000 kg/month in April 2019. Cash position approximately $2.8 mm, but current borrowings $3.9 mm and LT borrowings $6.1 mm. www.sedar.com
- Medipharm Labs Inc. (CSE: LABS) – Q3/18: Net cash of approximately $6.0 mm. www.sedar.com
- MedMen Enterprises Inc. (CSE: MMEN) – Q1/19: Revenues of US$21.5 mm representing 1,094% revenue growth over Q1/18. Annualized sales per square foot of US$6,188 across eight stores in Southern California with an 82% conversion rate. MedMen stores accounted for approximately 5.3% of all legal retail cannabis and cannabis product sales in the state. Net loss for Q1/19 was $US$66.5 mm. Cash position approximately US$57 mm. www.businesswire.com
- MJardin Group Inc. (CSE: MJAR) – Q3/18 – Revenue increased 65.1% to $7.0 million compared to the prior year of $4.3 million. www.businesswire.com
- MPX Bioceutical Corp. (CSE: MPX) – Q2/19: Revenues of $14.7 mm for Q2/19, versus $4.4 mm up 233%. Announced arrangement agreement pursuant to which MPX will combine with iAnthus (IAN-CSE) in an all-stock transaction with offered equity consideration to MPX shareholders valued at $835 mm. globenewswire.com
- Origin House (CSE: OH) – Q3/18 – Revenue of $6.6 million; growth of 89% over Q2 2018 and 790% over Q3 2017. Strong cash position of $75.3 million. www.newswire.ca
- Plus Products Inc. (CSE: PLUS) – Q3/18: Revenue of $2.56 mm ↑617% over Q3/17 and up 60% over Q2/18. Cash position of approximately $30 mm. Plus Products Inc. is a leading branded products manufacturer based in California. Its products consist of cannabis-infused edibles, which it sells to both the regulated medicinal and adult-use recreational markets. PLUS™ is currently one of the fastest-growing edible brands in California with several top-selling products. globenewswire.com
- Radient Technologies Inc. (TSXV: RTI) – Q2/19 – Cash balance of $43.1 mm. RTI is in the process of retrofitting a portion of its existing Operational Manufacturing Facility, exclusively for the processing of industrial hemp. Completion is expected in Q2, 2019. The expected throughputs for the retrofitted Operational Manufacturing Facility will be more than 1.5 metric tons of industrial hemp per day. Globenewswire.com
- SOL Global Investments Corp. (CSE: SOL) Q2/19 – Consideration received pursuant to the sale of all of the issued and outstanding common shares of LATAM Holdings Inc. on September 27, 2018 totalled approximately $298 million, which represents the fair value of the Aphria common shares received on the closing date, compared to a value of approximately $194 million on July 17, 2018, the date of the share purchase agreement. Working capital excluding the value of deferred share units totalled $250 million as of September 30, 2018 compared to $33 million as of March 31, 2018, SOL’s year end. www.newswire.ca
- Sunniva Inc. (CSE: SNN) – Q3/18 – Revenue of $3.8 mm (↓ $823k YoY) with gross margin of 56% Year to date revenue of $13.4 mm, up over 30% year over year. Cash position is $11.2 mm www.benzinga.com
- The Flowr Corporation (TSXV: FLWR) – Q3/18 – Flowr expects to produce in excess of 550,000 grams of cannabis during its first year of operations. Flowr’s 85,000 square foot Kelowna cultivation facility is approximately 20% complete and is on schedule for completion in the third quarter of 2019; Flowr expects it to produce upwards of 12,000 kilos of cannabis on an annualized basis after completion. Cash and cash equivalents of $39.7 mm. Globenewswire.com
- Vivo Cannabis (TSXV: VIVO) – Q3/18: Revenue of $2.3 mm and loss of $9.1 million for the third quarter of 2018. Completion of the acquisition of Canna Farms on August 31, 2018, resulting in pro forma Q3 revenue of $4.4 mm. Company had $100 million in cash, cash equivalents and short-term investments as of September 30, 2018. globenewswire.com
- Wayland Group (CSE: WAYL) – Q3/18 – Q3 revenue $225 k down 69% YoY. Nine month revenue $2.5 mm down 21% YoY. Year to date, the Company has sold 321.445 kilograms and kilogram equivalents at an average selling price of $5.82 per gram, compared to 235.525 kilograms and kilogram equivalents at an average price of $10.07 per gram. Cash position approximately $60 mm. www.sedar.com
- WeedMD Inc. (TSXV: WMD) – Q3/18 – Q3 revenue was $2.0 mm, ↑ 461% and 9-month revenue was $5.2 mm ↑ 784%. First harvest completed and sales licence obtained for large scale state-of-the-art greenhouse. Completed first shipment of adult-use cannabis to the provinces. Exploring international opportunities and exported cannabis genetice to Israel. Cash and cash equivalents $36.1 mm. globenewswire.com
- Wildflower Brands Inc. (CSE: SUN) – Q1/19: Revenue of $1.0 mm and net loss of $1.7 mm. Net debt approximately $3.6 mm. www.sedar.com
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