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Cannabis Concentrates Maker Simply Solventless Completes Reverse Takeover On TSX, Remains Debt-Free And Profitable

By Jelena Martinovic
December 19, 9:34 AM
Simply Solventless Concentrates (SSC) has completed its reverse takeover (RTO) of 2366191 Alberta, a wholly-owned subsidiary of the company, to form new subsidiary Massive Hash Factory, ahead of expected trading to resume on 20 December. The completion of the RTO has also seen SSC, previously called Vision Capital, implement a one-for-two consolidation of its existing 11 million common shares, while the company has changed its name to Simply Solventless Concentrates.

TSXV:HASH

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3 minute read

Cannabis Chart Of The Week: Where Are Sector Leaders Trading Relative To Their 52-Week Highs And Lows?

By Viridian Capital Advisors
December 18, 12:43 PM
This week’s Viridian Chart of the Week looks at the stock prices of the leaders in several cannabis sectors, including Agriculture Technology, Cultivation and Retail, Psychedelics, and Financial Services, relative to their 52-week highs and lows. The chart is arranged in increasing order of trading prices relative to 52-week lows within each sector.

AYRWF

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CBD And Weed Banned On Cruise Ships: Is It A Ploy To Boost Alcohol Sales?

By Jelena Martinovic
December 18, 10:58 AM
Marijuana is not permitted on cruise ships, regardless of the legality of its consumption in some cruise destinations, due to federal regulations. Companies such as Carnival Corporation, Royal Caribbean Cruises and Norwegian Cruise Line have all taken the same stance on marijuana use. Items such as medical cannabis and drug paraphernalia containing oils and THC products are banned on onboard vessels. Besides sending reminders to passengers and crew, Carnival Cruise is understood to have employed drug-sniffing dogs to help detect cannabis on its ships. The decision is believed to have been influenced by cruise companies' desires to promote alcohol sales. Cruise Lines International Association has forecast that 31.5 million passengers will return to cruising in 2023, which would surpass pre-pandemic levels, hence the introduction of increased security measures by some cruise lines.

CCL

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2 minute read

Ontario’s Cannabis Market Heats Up: Shiny Health Buys 10 Stash & Co. Weed Stores, Adding $7.5M To Top Line

By Jelena Martinovic
December 18, 10:24 AM
Shiny Health & Wellness Corp. has signed an asset purchase agreement with Karan S. Holla for his chain of 10 adult-use cannabis retail stores, Stash & Co. in Ontario. The agreement was signed on December 14, following a previously announced letter of intent in October. The Stash & Co. brand and dispensaries will retain their name and remain unchanged. Shiny Health plans to add the Stash & Co. brand to its existing cannabis consumer program to expand its reach to nearly 100,000 loyal customers. Meris Kott, CEO of Shiny Health & Wellness, expressed excitement about the acquisition and the potential for increased revenue and consumer reach. Shiny Health will continue to conduct final due diligence and finalize lease assignments as part of the transaction, which has a total consideration of CAD 1 million ($750,000), including cash and common shares. The completion of the transaction is subject to approval by the TSXV.

TSXV:SNYB