Green Market Report’s Marijuana Money October 30, 2020

Marijuana Money Minute

Happy Halloween everyone. This has certainly been a scary year and let’s celebrate that there are only 2 months left in 2020. This week the Dow fell over 2,000 points as fears of another covid lockdown took over amidst rising hospitalizations.

It apparently seemed like a good week to plan on issuing more shares

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) filed a new prospectus with securities regulators to make offerings of up to $500 million of common shares. Akerna Corp. (Nasdaq: KERN) has priced a public offering of 5,000,000 shares of its common stock at a public offering price of $2.40 per share. 

TILT Holdings Inc.  (OTCQB: TLLTF ) announced preliminary financial results for the third quarter ended September 30, 2020, the promotion of Gary Santo to President of TILT, and the appointment of Brad Hoch as TILT’s permanent chief financial officer. Third-quarter revenue is expected to be  $40 – $41 million, a 4% – 6% increase from Q2 2020 revenue of $38.6 million.

California-based cannabis company Hollister Biosciences Inc.(OTC: HSTRF) gave an update on its third-quarter 2020 performance sales figures. The company said it generated record quarterly revenue of C$ 12.5 million. The company did not state whether there was any net loss or profits for the third quarter. These figures would be a sequential increase over the revenue from the second quarter ending June 30th, 2020, which was $8.47 million.

Liberty Health Sciences Inc. (CSE: LHS) (OTCQX: LHSIF ) announced that Victor Mancebo has resigned from the Board of Directors and his role as Chief Executive Officer, effective December 31, 2020. George J. Gremse, a member of the Board of Directors, has been appointed as Interim CEO. This comes after shareholders expressed dissatisfaction with the company’s disappointing cannabis production in the state of Florida

Real Brands Inc. (OTCPK: RLBD) has completed a reverse merger to acquire Canadian American Standard Hemp Inc., (CASH) effective immediately. Real Brands’ name and trading symbol will be maintained, with CASH shareholders acquiring majority control of Real Brands.

Nabis Holdings defaulted on an $8 million debt payment associated with its acquisition of Perpetual Healthcare in Arizona. 

In psychedelic news this week, Champignon stock was told to stop trading on the Canadian exchange for failure to submit the required documentation for its acquisitions. The company said it was in the process of getting caught up on its paperwork.

 

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