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Month: June 2017

MedReleaf Corp gets $14 Buy Target from GMP

MedReleaf Corp (TSE:LEAF) (OTCMKTS:MEDFF) -whose shares have struggled to regain their IPO price of $9.50 a share since listing on the TSX June 15th – got a boost from GMP’s equities research group who today suggested a buy target of $14 per share. “With two quarters of cash production costs hovering around $1.55 per gram, the company is solidifying its leading position as a low cost producer,” the research report said. “In addition, MedReleaf’s ability to mitigate the impact from […]

VIDEO: Canopy Growth Corp President Mark Zekulin Talks the Future

  Canopy Growth Corp (TSE:WEED) is the world’s largest legal marijuana growing operation, with a combined total of well over a million square feet of growing capacity across multiple locations throughout Ontario and Saskatchewan. Canopy president Mark Zekulin sheds light on how he sees the future of Canopy in the cannabis industry with the onset of legalization of cannabis consumption for recreational purposes, which by all accounts is on track for taking effect on July 1st, 2018.

LottoGopher Holdings Powers Up Board with Kevin Harrington

LottoGopher Holdings Inc. (CNSX:LOTO) (FRA:2LG) – the lottery “gopher” service delivering tickets for PowerBall, MegaMillions and other popular lotteries in the State of California – scored a big checkmark in the management box with the addition of Kevin Harrington to its board of directors. Harrington is the well-known celebrity business personality famous as a former original “Shark” on the business reality show “Shark Tank”. Watch Kevin Harrington deliver a personal announcement of his joining the board of LottoGopher “The lottery market […]

Cannabis Wheaton, MedReleaf Corp., Aurora Cannabis Lead Sector Lower

Cannabis Wheaton Income Corporation (CVE:CBW) (OTCMKTS:KWFLF) (FRA:3KF) is getting hammered today, as is MedReleaf on the first day of its IPO, despite having closed a $100 million financing. Cannabis Wheaton is already underwater on their most recent proposed financing, which saw the lead syndicate bow out after internal pressure from their respective compliance departments and Mackie Research Capital Corp step in on a best-efforts basis, while Aurora Cannabis Inc.(CVE:ACB) (OTCMKTS:ACBFF)(FRA:21P) is also taking a hit thanks to the release of […]

Cannabis Wheaton Financing Dead in the Water? (Updated)

Cannabis Wheaton Income Corporation (CVE:CBW) (OTCMKTS:KWFLF) (FRA:3KF)  has hit another snag in its ambitious effort to create a streaming royalty company focused on Cannabis. Unsurprising to many capital markets participants , a $50 million-upsized-to-$80 million financing that had been getting the royal treatment up and down Bay Street in favour of CBW over the last week has apparently been “mutually terminated”, sources close to the deal tell me. However, Chuck Rifici, in response to an email seeking comment, said, “the termination was by […]

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