Green Market Report’s Marijuana Money March 8, 2019
Marijuana Money Minute

Namaste Technologies Inc. continues to see its troubles compounded following the recent scandal involving the company’s founder and former CEO Sean Dollinger. On Wednesday the company confirmed that its auditor PricewaterhouseCoopers, LLP resigned and will no longer be acting as the company’s auditor and the company will miss filing its financial documents. In addition to that, the company ran afoul of advertising restrictions in Brazil and separately, decided to stop several company initiatives. Oh, and it bought a company called Choklat.

MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) made a statement claiming it wasn’t aware of stock promotion activity by a company it hired for public relations. MedMen acknowledged that the OTC Markets had made inquiries about promotional activity relating to promotional materials encouraging investors to buy the company’s Class B Subordinate Voting Shares. MedMen said it thinks that an announcement about earnings that sparked the trading activity, either way, it had the offending article removed.

CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST) filed and a prospectus to offer up to C$700,000,000 of debt securities, warrants, subscription receipts, units or common shares.

Flower One Holdings Inc. (FLOOF) is offering up to 50,000 convertible debentures for an offering size of up to $50,000,000

Cannex Capital Holdings Inc. (CSE: CNNX)(OTCQX: CNXXF) moved beyond the interim agreement from November and as of March 1, 2019 officially agreed with 4Front Holdings, LLC to merge the two companies. The new company will initially trade under Cannex’s symbol “CNNX”, although the company said it expected to receive a new ticker in connection with the transaction.

High Tide Inc. (HTDEF) filed its year-end 2018 financial results. Revenue for the fiscal year ended October 31, 2018, was $8,7 million down from last year and mostly due to the loss of a wholesale customer in the Famous Brandz business.

Harvest One Cannabis Inc. (TSXV: HVT) (OTCQX: HRVOF) and Delivra Corp. (TSXV: DVA) entered into a definitive arrangement agreement pursuant to which Harvest One will acquire all of the issued and outstanding common shares of Delivra.

CB2 Insights (CSE:CBII) has commenced trading on the Canadian Securities Exchange (CSE) under the symbol “CBII”.

Village Farms had its shares halted from trading because it turns out it was not DTC eligible yet and that of course is a requirement on Nasdaq.

Video Staff

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