Green Market Report's Marijuana Money February 21, 2020

This was a shortened trading week with President’s day on Monday. So we only have a few days of stories to cover. Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) terminated a proposed merger with Folium Equity Holding. Australis had sent warning signs that the company may not move forward with the deal in corporate meeting notes that surfaced on Google. The company suggested that once it had more data on the company it decided against moving forward. 

Back in October Gibraltar Industries (NASDAQ: ROCK) purchased CO2 extraction company Apeks Supercritical, paying $12.55 million for the Ohio-based company that reported trailing annual revenue through June 2019 of $17.7 million. At the end of last week, the company said it was paying $50 million for California-based ethanol-based extraction systems Delta Separations. Gibraltar disclosed that the acquired company generated 2019 revenue of $46 million. 

NewLake Capital Partners, Inc. closed of its sale-leaseback transactions with affiliates of Grassroots for six of the ten properties within this portfolio located in six states. The Company anticipates the second closing for the four remaining properties to occur within the next forty-five days.

Cannabis testing and analytics firm Digipath, Inc. (OTCQB: DIGP) reported a 26% increase in revenue to $808,930 for the first quarter of 2020. The company was also able to trim its first-quarter net loss to $220,427 versus $462,174 for the same time period in 2018.

SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) portfolio company CannCure Investments has entered into a definitive business combination agreement with Goldstream Minerals Inc.  The deal was previously announced in January and the companies are planning a reverse takeover of Goldstream by CannCure.

TILT Holdings has appointed interim CEO Mark Scatterday as the permanent CEO of the company. Tim Condor has been appointed as Chief Operating Officer, adding the title of President.

GL Brands uplisted to the OTCQB Venture Market, the ticker will remain GRLB.

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One comment

  • Avatar
    Andrew Ryan

    February 28, 2020 at 10:13 am

    HI,
    Do you think that the carnage is almost over for US MSO’s – Cannabis stocks? Thank you. Afrwsen

    Reply

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