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Entire West Coast Marijuana Crop Threatened By Fire, Smoke, and Ash
Marijuana Business Daily details how the August Complex fires forced the famed “Emerald Triangle” growing grounds’ farmers to evacuate just as the bumper crop was beginning to bud, and fleeing farmers left with no idea if they’d have anything to return to. CNN Business adds the bummer that “Insurance companies, like banks, are reluctant to serve cannabis businesses because marijuana remains a federally illegal substance. And because of that illicit status, the enterprises don’t qualify for federal disaster aid.” These are ‘normal’ legal problems that come up again every year in fire-affected cannabis farming areas.
Pretty bad when US weed causes pain and suffering to Canadian patients, this is where I get my genetic from.
https://sfist.com/2020/10/06/entire-west-coast-marijuana-crop-threatened-by-fire-smoke-and-ash/?fbclid=IwAR1d5VCLSBajC5QoUEX4ZGcQ0ffXzS855TlgAVngV6Ro_KyNjoEwqB9Tkzo
Tweeds CEOs salary is more then total sales at OCS, 1 fat wallet is paid almost 1/2 of total cannabis sales in Ont. Stupidity!
OCS $43,500,000 Retail Stores $82,500,000
Total sales in Ontario April 1, 2020 – June 30, 2020 $126,030,000
Read this report believe the stats, Legal cannabis sales are only 25% of total cannabis sales in Ontario, this means the other 75% are sales from the illicit market, if LPs had 20% market share 2 years ago when legalization began, the Legal sector and your investments in LPs in Ontario has only gained 5% market share. When are investors going too wake up and believe the facts,
https://ocswholesale.ca/wp-content/uploads/2020/09/OCS-InsightsReport_Q1-2020-FINAL.pdf
https://mjbizdaily.com/canopy-growth-ceo-david-klein-partial-year-compensation-tops-ca45-million/
Canadian pot stocks lower, with Tilray Inc. down as much as 9.6%, Canopy Growth Corp. losing 9% and Cronos Group Inc. falling 4.7%.
Aurora Cannabis Inc. shares tumbled to the lowest price in four years after its fourth-quarter results prompted an MKM Partners analyst to tell the company, “Please stop growing so much weed.”
Shares fell as much as 25% in Toronto trading, the biggest drop in six months, to the lowest level since 2016 when Canada was still two years away from legalizing recreational marijuana use. The results dragged other Canadian pot stocks lower, with Tilray Inc. down as much as 9.6%, Canopy Growth Corp. losing 9% and Cronos Group Inc. falling 4.7%.
https://www.bloomberg.com/news/articles/2020-09-23/aurora-sinks-to-4-year-low-told-to-stop-growing-so-much-weed
Every penny of your investment money and revenue is going to fill all these fat wallets. In Canada CGC's marketing & promotion department is a waste of your money because in Canada it is prohibited to advertise, promote, endorse or sponsor Cannabis or Cannabis companies publicly.
Cannabis in the US is not legal federally so no advertising regulations are in force, so when I said "Americans need to be careful what they wish for" this is what mean't, Will CGC/Tweed be legally allowed to advertise in the US, we don't know? but the fat wallets still must be paid.
The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM
Mulroney received over $13 million for his role as a director at Acreage Holdings
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
You are not taking a cent out of the fat wallets, your investment money is only supporting your CEOs biannual $43 million dollar salary, bonuses for losing a million dollars + a quarter with no profit ever, and millions of free shares too cash in whenever (read my previous post). All while the company continues too decrease its production capabilities and laying off their work force.
My cannabis money I spend at the oldest club in Canada, I know it is supporting labor and acquiring consistent cannabis genetics from experienced growers that have been providing quality for decades,
Canopy Growth lays off more workers, won't say how many impacted by cuts
https://ca.finance.yahoo.com/news/canopy-growth-lays-off-more-163246359.html
But go ahead keep throwing your money at this, put your position you took out and throw it back on the table, maybe you hit a 7, or maybe you will go bust.
BTW read this you are wrong about not willing to pay tax, or going legit, its Health Canada refusing too license the graymarket dispensaries, this is about too change, and when it does Tweed and the "too big too fail LPs will not be able too compete.
BC’s Grey Market is Thriving
https://stratcann.com/bcs-grey-market-is-thriving/
Your investments in these corporations are blinding your objectivity.
For one I have not bought cannabis from the Blackmarket in 10 years. None of you understand or separate Blackmarket and medical Graymarket, not for profit compassion clubs, that have been serving patients in Canada for decades, that is decades of contracted growers, breaking the law and some jailed because they were providing sick Canadians with high quality cannabis products. Now you understand the difference. Now the Tweed Twins come barging in with their fat wallets, and lobbies Government too shutter all dispensaries making no exception too these medical clubs and those sick Canadians that had consistent supply of medicine. Other fat wallet CEOs jumped in, and Government shut them down driving patients to either buy over priced Cannabis that they can't afford or go too buddies blackmarket source which they could afford.
Now you know the truth, and if your consistent self regulated medicine, was taken away, would you still support Tweed or any LP that lobbied too have your rights taken away, Why would I contribute too that monopoly?
Investors are being ripped off just like patients with lies and funneling your investment money into these same fat wallet.
Americans need to be careful what they wish for, I am a licensed med grower in Canada, we fought government and won for Medical use and production which forced federal government legalization but all we got was over priced, over Regulated, subpar, fat wallet weed corporations, Prohibition 2.0 and corporate/government monopoly.
LOL if anyone thinks they will make any kind of profit from Tweed they are a fool. Don't support fat wallets that are taking your money, and ripping you off with ridiculously high prices and subpar cannabis.
Canopy Growth CEO’s partial-year compensation tops CA$45 million
https://mjbizdaily.com/canopy-growth-ceo-david-klein-partial-year-compensation-tops-ca45-million/
Canopy Growth CEO’s partial-year compensation tops CA$45 million
"Canopy Growth’s chief executive earned 1,042 times more than the median compensation for the cannabis producer’s other employees in fiscal 2020"
Do the math, CEO earned almost Half of of the Revenue, Employees made another 1/4 of the Revenue, and Company loses $100 million dollars, How much have you the investor lost in the last year? I will answer, 75% of share price profit and soon your original share because the fat wallets upstairs are the only profiteers.
https://mjbizdaily.com/canopy-growth-ceo-david-klein-partial-year-compensation-tops-ca45-million/
Yes boat is floating(CRAP) only because your investment money is bailing them out, and with weed executives paying millions and millions of dollars too themselves, fat wallet celebrities endorsements, and greedy politicians on the board of directors, all being financed by your investments, not too mention CGC is so bad even with your weed money has NEVER made a profit.
The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM
Mulroney received over $13 million for his role as a director at Acreage
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
Canopy Growth doubles CEO salary amid mass layoffs, mounting losses
https://mjbizdaily.com/canopy-growth-doubles-ceo-salary-amid-mass-layoffs-mounting-losses/
Democratic Party Delegates Reject Marijuana Legalization Amendment To 2020 Policy Platform
That document calls for decriminalizing cannabis possession, automatic expungements of prior marijuana convictions, federal rescheduling through executive action, legalizing medical cannabis and allowing states to set their own laws. Like presumptive Democratic presidential nominee Joe Biden, it stops short of endorsing adult-use legalization.
Investors Bet on speculation, hype, meaningless news, and Bias, and ignore the true facts. Instead of listening to the fat wallet wannabee weed executives, you might want too accept that US cannabis industry will not be
federally legal for a very long time, if you are not listening you will lose more money.
https://www.marijuanamoment.net/democratic-party-delegates-reject-marijuana-legalization-amendment-to-2020-policy-platform/
LOL YA YA Longs have been saying the same thing for 5 years. This stock topped out just over a year ago, since then Tweed/Weed/CGC or what ever you call them have lost 70% of its value, and has never made a profit, and this was before the pandemic, and before a recession/depression.
Tweed has sold over half of their greenhouses and is considered the worse quality and priced of all LP's. You do know that your investment money is going directly into the fat wallets of executives and insiders, making them filthy rich while retail investors watch their investment dollars evaporate
Ya sure Huge bump right.
The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM
Mulroney received over $13 million for his role as a director at Acreage
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
Ontario to Take $180M Economic Hit From Ending Pot Shop Delivery, Pickup Services
Province to take $180M hit on ending pot delivery, pickup: Ontario Chamber of Commerce.
Ontario is primed to take a steep economic hit after deciding to stop allowing privately-run cannabis stores to provide delivery and curbside pickup services to customers. The services, which end on July 29, will cause the province to miss out on about $180 million in economic activity, according to the Ontario Chamber of Commerce. That figure balloons to nearly $1 billion in losses if the additional 450 stores which are ready to open, but whose licence applications are pending approval are factored in. One retailer expects customers to revert back to the illicit market now that the convenience of delivery won’t be available to them.
Back too walk ins only for Tweed and Tokyo Smoke.
https://www.cannabisculture.com/content/2020/07/24/ontario-to-take-180m-economic-hit-from-ending-pot-shop-delivery-pickup-services/
Illegal pot now 44% cheaper than legal sources: StatCan
The price of illegal pot continues to fall as legal sources of cannabis climb, according to the latest crowdsourced data from Statistics Canada.
The average cost of a gram of cannabis climbed 1.76 per cent to $7.50 in the fourth quarter of 2019.
“This overall price increase is attributable to legal cannabis,” the federal agency said in a report.
The overall average price was $7.37 per gram in the third quarter, and $7.87 per gram in the second quarter.
The price gap between the legal and illegal market widened, according to the data. The average legal price increased to $10.30 per gram in the fourth quarter from $9.69 per gram a year earlier, while the average price of illegal cannabis decreased to $5.73 per gram in the fourth quarter of 2019 from $6.44 per gram in the fourth quarter of 2018.
Spending on legal and illegal cannabis in the third quarter of 2019 totalled $1.5 billion. Of these purchases, 38.2 per cent were made legally.
Dried flower represented the lion’s share of cannabis spending in the third quarter, at 60.7 per cent, followed by vape (19.5 per cent), and edibles (seven per cent). Only dried flower and some oil products were legal in the first three quarters of 2019.
Quebec had the lowest legal cannabis prices on average in 2019 at $7.88 per gram. New Brunswick had the highest legal prices at $11.36 per gram.
New Brunswick had the lowest illegal market prices, at $4.90 per gram. Ontario was the highest at $6.21.
Men, who accounted for two-thirds of the submission to the StatsCannabis hub in 2019, were found to purchase from illegal sources more often than women. In 2019, 52.4 per cent of cannabis purchases by females were made legally, compared with 38.2 per cent of purchases by males.
Statistics Canada based these conclusions on price quotes gathered using its StatsCannabis crowdsourcing application between Oct. 1 and Dec. 31, 2019.
The agency urges caution when interpreting the data, as the quotes are self-reported.
https://ca.finance.yahoo.com/news/illegal-pot-now-44-cheaper-than-legal-sources-stat-can-142417443.html?soc_src=community&soc_trk=fb
US ECONOMY ON LIFE SUPPORT - COLLAPSE EXCELLING - JOBLESS NUMBERS EXPLODE - EVICTIONS FOR MILLIONS
If you still think weed stocks will save the world, just look at the economy around you, the stockmarket is only making gains because of corporate buy-backs and Government stimulus. You have about 2 weeks too GET-OUT, until Government cancels the unemployment supplements and hand outs, 60 million Americans out of work, and every one of them that are invested in the market will want their money out in cash, expect the biggest correction the market has ever seen.
Canopy Growth doubles CEO salary amid mass layoffs, mounting losses
My post you replied too stated whose fat wallets investors are filling and shows that your investment money is going to ridicules executive salaries, huge Stock option pay-outs, and corporate write-donws, all from a 6 year company that has not shown profit, and has lost millions per quarter. Your investment money is being wasted with nothing to show for it from a company that has lost 68% of its value in just less then a year.
https://mjbizdaily.com/canopy-growth-doubles-ceo-salary-amid-mass-layoffs-mounting-losses/
The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
Former Massachusetts Governor Bill Weld sued the cannabis company on whose board he served over a conversion of his ownership shares that he says make them less valuable.
Weld claims his colleagues at High Street Capital Partners LLC, a holding company for Acreage Holdings Inc., improperly downgraded his ownership shares. He says he was awarded the 625,000 units when he joined the board in 2018, but following the conversion he said he’ll be left with 360,106.
https://www.bloomberg.com/news/articles/2020-06-15/ex-massachusetts-governor-weld-sues-over-stake-in-pot-company
I guess you are happy filling these wallets while your position is decreasing
LMAO, you must be new to legal Cannabis in Canada and this board, otherwise you would know I have no position in Government sanctioned ditch weed companies. I have been a licensed medical grower for 9 years, and have not spent so much as a old Canadian penny on fat wallet weed corporations, as I am capable of growing better quality, more variety then Tweed could ever possibly grow.
My cannabis bud
Here is Tweeds moldy weak garbage weed (That another consumer bought and complained about).
You really need to do better Due Diligence, Tweed is considered the worst LP with legal weed consumers.
My review of Deep Space Cannabis drink
My review of Deep Space Cannabis drink!!! pic.twitter.com/BUYjkQJadp
— Vicki🇨🇦 (@stirthemoose) June 6, 2020
Corporate buy-backs and Government stimulus is the only thing propping up the whole over evaluated, over invested stockmarket including weed stocks. This increases Share price temporarily, then the fat wallet weed executives cash in on your Accumulated shares and BOOM, your weed investment is in their wallet before they are even cold, driving the price down once AGAIN.
Your investment money is only making others rich, while your position decreases.
The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM
Mulroney received over $13 million for his role as a director at Acreage
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
Former Massachusetts Governor Bill Weld sued the cannabis company on whose board he served over a conversion of his ownership shares that he says make them less valuable.
Weld claims his colleagues at High Street Capital Partners LLC, a holding company for Acreage Holdings Inc., improperly downgraded his ownership shares. He says he was awarded the 625,000 units when he joined the board in 2018, but following the conversion he said he’ll be left with 360,106.
https://www.bloomberg.com/news/articles/2020-06-15/ex-massachusetts-governor-weld-sues-over-stake-in-pot-company
If you can't see the Gigantic market correction coming, and the 50 million Americans unemployed then you are not protecting your investment.
According to the Cannabis Act, branding elements cannot evoke a sense of “glamour, recreation, excitement, vitality, risk or daring.” Nor can cannabis products and brands depict a person, character, or animal — real or fictional. Social media is a no go — tech giants like Facebook and Google have an outright ban on cannabis promotion — and things like sponsorship or celebrity endorsements are illegal. In other words, the mainstream marketing opportunities afforded to most everything else, other than cigarettes, are not available in the world of cannabis
If you have to ask this question you haven't been paying attention for the last 5 years.
https://www.thegrowthop.com/cannabis-news/lets-talk-about-celebrities-and-their-weed-brands-how-do-they-get-around-health-canadas-marketing-rules?fbclid=IwAR1cyKk4ZgbGNy_3JZVpcANHsu5pgCmJnJBe4BUkI5NdyxM3JC5QLsmOapE
Health Canada makes it ‘crystally-clear.’ Trailer Park Buds need to rebrand
https://www.thegrowthop.com/life/health-canada-makes-it-crystally-clear-trailer-park-buds-need-to-rebrand?fbclid=IwAR2PR8sZhvgzqOAkO_sQz3rBoUWktZQcdG5V8CgkZagqnHG55aQZW5_uiBM
Mulroney received over $13 million for his role as a director at Acreage Holdings
I have told investors over and over if you buy weed or stocks from Tweed, your money is supporting all this corruption
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
WTH is going on here Tweed Canada shareholders money will be going into the wallets of Acreage Shareholders? sounds like another scam, this is all on speculation of federally legal weed which may or may not happen, like I said before Tweed retail investors and customers alike are the losers and are being ripped off, but here's too riding your losses all the way down.
Canopy Growth doubles CEO salary amid mass layoffs, mounting losses
Will people finally listen when I say retail investors and customers are the losers and are being ripped off for their cannabis money whether investment or ditch weed products.
Canadian cannabis firm Canopy Growth has given its CEO position a generous salary bump this year, according to recent filings with the U.S. Securities and Exchange Commission, even as the company laid off a large chunk of its workforce and struggled to contain losses.
The filings show that an employment offer was made to current CEO David Klein on Dec. 6 with a base salary in U.S. dollars of $975,000, which amounted to approximately 1.3 million Canadian dollars at the time
Mark Zekulin, who filled in as CEO on an interim basis after Bruce Linton was shown the door last year, earned an annual salary less than half of Klein’s.
Linton’s last disclosed salary as co-CEO was CA$318,000 annually.
But base salary is a fraction of overall compensation for the executives.
Under Klein’s employment offer, the CEO is eligible to receive millions more in stock options, an annual short-term performance bonus equal to 125% of base salary and an annual long-term award of 300% of base salary.
Klein’s contract also makes him eligible for an annual CA$125,000 allowance, and Canopy agreed to contribute CA$40,000 per year to the CEO’s retirement plan.
Soon after Klein took the reins of Canopy on Jan. 15, the Smiths Falls, Ontario-based company announced a restructuring plan that ultimately led to 600 job losses.
That came despite interim CEO Zekulin saying in November that “there are not going to be job losses” as the company struggled to contain deficits.
Canopy reported a net loss of CA$1.3 billion in its fourth fiscal quarter and adjusted EBITDA loss of CA$102 million.
Canopy did not answer queries from Marijuana Business Daily.
Beau Whitney, founder and chief economist at Portland, Oregon-based Whitney Economics, said the salary boost sends a poor message to the market and comes at a time other cannabis CEOs are taking pay cuts because of their own layoffs.
“Until the CEO can deliver value, it’s going to be tough to justify these high wages,” he told MJBizDaily in a phone interview.
“On the other side of the coin, they’re compensating a guy to come in and make some really tough decisions.
“They’re overextended, they have way too much capacity, there is not as much international demand to fill that capacity, so they have to reduce it in order to rightsize the business relative to the industry.”
Whitney believes the layoffs were justified.
“It wasn’t a well-run operation. Maybe they got too far out over their skis relative to the market that was really there,” he said.
Klein wasn’t the only Canopy executive to see a generous pay increase this year.
The company also increased the base salary for its chief financial officer and president on a retroactive basis.
Under his disclosed March 31, 2020 employment agreement, CFO Mike Lee was offered a salary worth nearly CA$600,000 as well as other bonuses and incentives.
That’s about 30% higher than the disclosed salary of Canopy’s previous CFO.
The salary increase was retroactive to July 1, 2019 – the start of Canopy’s fiscal year – and payable in a lump sum.
Rade Kovacevic, Canopy’s president, saw his salary nearly double to CA$600,000.
Kovacevic’s salary was also retroactive to July 1, 2019, “and payable in one lump sum on the next possible payroll,” according to the SEC filing.
Canopy’s shares trade on the New York Stock Exchange under the ticker symbol CGC and on the Toronto Stock Exchange as WEED.
It tastes like rotten root beer and cough syrup.
My review of Deep Space Cannabis drink!!!
My review of Deep Space Cannabis drink!!! pic.twitter.com/BUYjkQJadp
— Vicki🇨🇦 (@stirthemoose) June 6, 2020
Sorry but fat wallets full of laundered stockmarket cash will not make or buy you cannabis quality and knowledge. These Government weed dealers are lying and scamming their retail investors, its your investment money they are losing, their huge salaries, bonuses, and insider trade deals must and always be paid whether you lose money or not. But then again after every Q conference call, investors swallow the CEOs bull crap, and start throwing away your money (accumulating) potstocks on no profit, vague disclosures, and more broken speculative expectations.
The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM
Mulroney received over $13 million for his role as a director at Acreage Holdings
His total compensation, including base salary, annual bonus, equity (share-based awards and options-based awards) and pension, was reported to be $13,913,873.
https://www.thegrowthop.com/cannabis-news/meet-the-highest-paid-cannabis-executives-in-north-america-including-brian-mulroney?utm_medium=Social&utm_source=Twitter&fbclid=IwAR1ZeoGWfwYL3TrBMOwf7cM7SqNB6sCOuC2ozqbpuxzcQ3Q-uB-3aZfeE-M#Echobox=1590594614
I think you should do more DD, and go back 5 year, Canadian medical cannabis growers warned the fat wallet wannabee weed CEOs don't try too scale Greenhouses, rule of thumb, for every 100,000 sq ft you expand, you double your mold and pest problems. We all so said its better too have 20 smaller grow sites then 1 mega greenhouse, sadly CEOs didn't listen, and now look, Lps have so much ditch weed in inventories that they can't sell.
Last Summers Greenhouse grow at Tweed BC Delta.
Watch and Realize the reality of the Financial Crisis
Hyper inflation coming to the World as long as the feds continue to print from thin air stimulus too every corporation and man, women, and child. meat shortages will cause a steak costing $50. Estimates are that 1/2 of all businesses that had too shutdown won't reopen. 35 million American workers out of a job and can't pay the next 2 months of their mortgages, their auto payments, and their credit, How do you see Tweed saving the world, especially when their products are over priced and of subpar quality.
Who really thinks Retail investors will make a million? Your in Cloud land
Alert Liquidity Crisis Lead To A Sudden Housing Market CRASH: Be Ready
Where are investors Rolling too, in economy, unemployment, and debt based world economies like we have today? If one has too feed their family with some of their cannabis money, they can't afford, and won't buy over priced LP weed. This will get alot worse. 35 million people out of work rising every week in America.
Ya you were mistaken, cause the only ones clearing millions are the Lawyers, Cannabis consultants, and fat wallet CEOs, off of your wannabee a million dollar cannabis portfolio. Retail investors are the whales walking into the casino, the House is the manipulated market and the CEOs are the Bosses and under bosses of the criminal organization IE: Extortionists. with the government in their pockets.
Proven Facts from the beginning
In the spring of 2014, RCMP officers in Kelowna, B.C. prepared a press release about a big drug bust at the local airport. It described how investigators had intercepted two shipments of marijuana of “unfathomable quantity” that were bound for a couple of licensed cannabis producers in Ontario. The press release, however, was never sent.
Days went by with a virtual information blackout over what the Mounties had seized and why, even after one of the companies — Tweed Marijuana Inc., now Canopy Growth Corp. — decided to release its own public statement, containing what some RCMP members perceived to be “brutally misleading” information about the seizure.
“I don’t see how we can’t comment as we are now being put in a negative light,” one frustrated sergeant wrote to a colleague in an email. “Basic media principles state that we should confirm the obvious — Tweed has chosen to put this out there so we would be remiss if we did not comment on factual points that have been inaccurately represented.”
More than 900 pages of internal records obtained by the National Post reveal for the first time the lengthy deliberations that took place among RCMP members in B.C. and at RCMP headquarters in Ottawa over what, if anything, to tell the public about the March 31, 2014, seizures at Kelowna International Airport.
Among the “strategic considerations” outlined in emails was a concern that the release of information might affect the stock price of Tweed, which had gone public on the Toronto Stock Exchange that week — the first pot producer in the country to do so. There were also concerns that the release of information could embarrass Health Canada and expose “deficiencies” in new regulations over medical marijuana production that were rolling out that same week.
The National Post first sought access to the records five years ago through an access-to-information request. The RCMP initially refused to release any records, citing an ongoing investigation. The Post complained to the federal information commissioner, resulting in a process that dragged on until last fall when the RCMP finally agreed to process some of the records.
Asked this week about the national police force’s apparent concern over the impact of publicity about the bust on the company’s stock price and the potential political embarrassment to the federal government, B.C. RCMP spokeswoman Sgt. Janelle Shoihet said she needed more time to review the file. “Generally we can say that decisions with regards to communications will always consider impact on prosecution, timing and whether (or) not a company is publicly traded. These factors have been considered in the past and were not unique to this investigation,” she wrote.
“Impacts on partners, disclosure, potential or active prosecutions and privacy legislation must all be considered when determining what, if any, information can be made public.”
But Garry Clement, a retired RCMP superintendent, said whether a company is publicly traded or not should not have been a consideration.
“When you see something like that, how can you say the RCMP is being objective? They’re playing in the hands of the company. Investors may have made a decision differently had they known the facts, he said. “It doesn’t give the impression of being upfront.”
In September 2015, Tweed was renamed Canopy Growth Corp. Jordan Sinclair, Canopy Growth’s vice-president of communications, said in an email this week the seizures happened more than five years ago when the Marijuana for Medical Purposes Regulations were in their infancy.
“The company believed then and now that it acted in compliance with regulations. Today, we are focused on the next five years and continuing to build a global cannabis leader creating thousands of jobs in Canada, investing hundreds of millions of dollars into the Canadian economy, and providing the highest quality cannabis products to medical and adult-use customers around the world.”
Mettrum Health Corp, the other Ontario producer whose shipment was seized that day, was acquired by Canopy Growth in early 2017. A former spokesman for Mettrum did not respond to an email requesting comment.
The seizures happened against a backdrop of dramatic change in Canada’s regulatory landscape. New rules took effect on April 1, 2014 that restricted production of medical marijuana to licensed commercial producers. Tweed and Mettrum were among the first to be licensed.
Prior to the transition date, individuals who had possessed personal-production licenses under the old regime were able to sell their starting materials — namely seeds and plants — to one of the new commercial producers, as long as they had Health Canada approval. Tweed and Mettrum received those approvals, Health Canada confirmed to reporters at the time.
But according to internal RCMP briefing notes, the items Tweed and Mettrum told Health Canada they would be importing from B.C. did not match what was seized at the Kelowna airport on March 31.
On paper, Tweed and Mettrum said they planned to transport 2,071 plants and 730 plants, respectively. But when RCMP examined the shipments, they instead found harvested marijuana buds that were packaged for resale, the records say.
“It was packaged bud that was seized, which is materially different from ‘plants and seeds,’” one RCMP investigator wrote.
“At best what has been seized are clippings,” a summary report stated. “The (regulations) do not allow for the sale of marijuana in this form.”
And there was a lot of it — more than 700 kilograms of B.C. bud stored in 55 hockey bags and 40 boxes.
A draft press release prepared by the Kelowna RCMP’s media relations officer on April 1 noted that the seizure was of a quantity “rarely seen in the central Okanagan.”
“Several local growers had pooled their products for transfer … but the shipment fell outside the parameters of the legislation and was subsequently seized by police,” it said, adding that the size of the shipments was enough to create 2.1 million single doses based on 0.3 gram cigarettes.
But senior officers, including the Kelowna detachment’s commanding officer, decided to hold off on the release, citing the lack of any charges.
A couple days later, on April 3 — the day before Tweed was listed on the TSX Venture Exchange — the company put out its own statement. Tweed said it had completed the acquisition of “seeds and plants” from a number of licensed growers, ensuring a “wide variety of choices” and sufficient inventory to meet demand.
The company acknowledged that one shipment had been held by the RCMP “while it confirms the details of the shipment.”
“In an effort to be transparent,” the statement continued, the RCMP was informed of the shipment and “invited to examine the material.”
Tweed chairman Bruce Linton told Postmedia at the time the seizures may have been the result of “confusion” over the old and new regulatory regimes.
“When you call police to say, ‘Come look at this,’ you believe you have everything in order,” he said.
In internal emails, RCMP officers wrote that it was “painful” to not be able to respond and that the company’s version of events was “a long way from what transpired.”
“I find their language very interesting/misleading considering there were no ‘plants,’ ‘seeds,’ or ‘in-production material,’” Const. Kris Clark, Kelowna’s media officer, wrote to colleagues.
Officers also balked at the company’s assertion that it had invited the RCMP to inspect the shipment. Briefing notes indicate that in the week prior to the seizures, RCMP received “several calls” from airline charter companies enquiring about the “legitimacy of transporting 1500 lbs of marijuana.”
“Tweed never came to us, the airline did,” Const. Shane Holmquist wrote to colleagues.
Insp. John Ibbotson told a colleague in an email that although the company’s statement may appear to be a standard press release, “it is in fact a news release intended to inform investors of a publicly traded company of a significant event surrounding a company’s activity.”
Noting that some of the information in Tweed’s release was “factually incorrect,” Ibbotson suggested there had been a violation of section 400 of the Criminal Code — related to making a false prospectus — and wondered if the Ontario Securities commission should be notified.
Yet for several more days, RCMP communications officers declined to set the record straight, trotting out the standard line that they could not confirm nor deny an investigation.
“With some luck the media may dig up the facts and print them without the RCMP having to go public with any details and face the complications that would create,” Sgt. Duncan Pound, then a federal policing spokesman in B.C., wrote to a colleague.
Other emails reveal some of the reasons for the hesitation.
“The heart of the problem is that Health Canada has gone on record as saying they authorized the shipment, which has and will continue to cause us grief trying to set the record straight,” Pound wrote.
“Ideally,” he continued, Health Canada should issue a statement saying the shipments contravened regulations and were not what they had authorized. “If Health Canada says nothing it looks like two Ministries working against each other, which is a lose/lose for both of us.”
Jolene Bradley, the RCMP’s director of strategic communications in Ottawa, presented a briefing document to the deputy commissioner for federal policing on April 10 advising that the force should continue to decline comment. Among the reasons she cited: going public “would likely bring criticism on Health Canada’s part as it would highlight the deficiencies in the transition to the new regulations.”
The same document also stated that “any comments by the RCMP could impact stock prices” for the producers.
Dawn Roberts, an RCMP communications strategist in B.C., similarly wrote in an email to colleagues that Tweed “is a publicly traded company and any comments could impact on stock prices.”
Pressure, however, was starting to build “from higher up to proactively correct the story,” RCMP emails say.
The force eventually issued its first public statement about the March 31 seizures on April 11. But the press release was whittled down considerably from a draft version. The draft included the size of the seizure (705 kilograms) and the reason: regulations allowed for a pre-determined number of plants to be sold, but the shipments consisted of “harvested marijuana in lieu of plants.”
The final version of the statement did not mention the size of the seizure nor the specific reason, simply stating: “The marijuana did not match what was authorized to be transferred.”
No charges were ultimately filed against either company due to the challenge of proving criminal intent, RCMP briefing notes say. The seized marijuana, which caused a rotting smell in RCMP storage, was later destroyed.
https://nationalpost.com/news/canada/rcmp-went-silent-about-massive-pot-bust-over-concern-for-marijuana-producers-stock-price-documents-reveal
CGC has not had a warm welcome too the US cannabis industry
Class Action Lawsuits Against Cannabis Companies Increase by 116%
In recent news, some of Canada’s biggest growers (cannabis companies) of cannabis have faced proposed U.S. class action suits following the sharp loss of funds in the stock market for investors.
It has been reported that at least nine U.S. law firms have put forward a petition for a class action in U.S. courts against cannabis companies like Canopy Growth, Cannabis Aurora, and Hexo Corp; three major Canadian cannabis growers. Although the charges differ from case to case. They include the disclosure of false product details and the distortion of the sales potentials.
This comes at the heel of the turmoil that has transpired in the cannabis industry this year. The jump in stock prices during legalization has since fizzled down and has not lived up to the investor’s expectations. Aurora, for example, has seen its stock price plummet from $11.95 on May 6 2019 to $1.00 on May 4 2020. There are many factors that have lead to lawsuits taking place. Most claims include some form of misleading or withheld information from the investors.
The average price of legal weed rose to $10.30 per gram, versus $5.73 per gram for black-market marijuana. According to crowdsourced data gathered by the government agency and published last month. Those figures represent prices from October through December 2019. Across Ontario, delays across opening new dispensaries can also play a role.
The future of the cannabis industry in Canada currently does not look too bright. Even for the companies that win their cases. The damage to their reputation has already been done and will deter future investors from investing.
https://cannabislifenetwork.com/class-action-lawsuits-against-cannabis-companies-increase-by-116/
`Something or Another` Now here`s a Tweed (LP) customer that knows what cannabis he is using. This post says it all. Exactly why the large consumers don`t buy from LPs.
WEED looks RED too me, all week, Weed investors continue too lose money on their positions, looks like Greenknight was right all a long, $17 a share CGC ceiling, and NO more. The more you buy the more you lose, keep accumulating.
Ontario’s legal pot stores celebrate one year in business — but most cannabis users are still buying illegally
https://www.thestar.com/news/gta/2020/05/06/ontarios-legal-pot-stores-celebrate-one-year-in-business-but-most-cannabis-users-are-still-buying-illegally.html?utm_source=twitter&source=torontostar&utm_medium=SocialMedia&utm_campaign=&utm_campaign_id=&utm_content=
This is not a review, rather a PSA on @CanopyGrowth @TweedInc @tokyo_smoke distributing some of the grossest cannabis on the recreational market.
— brianmolerio (@brian_molerio) March 15, 2020
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Purchaed Feb 2020 from Tokyo Smoke #ottawa flagship store, packaged December 2018.
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Never will I ever toke Canopy again. pic.twitter.com/Gh399PqsDH
Corporate Insider "Trading" Buy-Backs and stock manipulation, plain and simple. If crude oil can go negative $20 a barrel, so can weed stocks, watch for it.
$24.00 a gram at the OCS, Investors here really like to misinform their own Co-investors about everything from price too quality and everything else that's wrong with Tweed/CGC.
Original Stash
OS.Hash10
$23.98 / g
Taxes Included
Hybrid THC
30.00 - 39.00% | 300.00 - 390.00 mg/g CBD
0.00 - 1.00% | 0.00 - 10.00 mg/g
https://ocs.ca/collections/hash?product=4362310682444
Its all B.S. and has been since the beginning !!
Legal hashish! An $80 gram of "blend"
Would you buy a gram of Hash for $80 a gram?
Legal hashish!
— Travis Lane (@BeardedGreenly) April 21, 2020
An $80 gram of "blend" from Whistler.
It is very nice. Definitely melty, but not crazy terpy. Not quite in the same category as the best full-melt stuff.
Weird packaging request aside, I am super happy to see this. Very smoke-able and excellent effect. Yay hash. pic.twitter.com/n9436BGBx0
Really? You are blaming the Virus, for Tweeds/CGCs failures as a corporation, knowing the true facts, such as shutting down Greenhouses and laying off of hundreds before the virus was even known, or Tweed and the LPs losing 60% of their worth, in the the year Prior to the virus, and have crap loads of inventory, while legal sales amount to only a fraction of expectations. The carnage of the virus, has yet to show, you know that 250 stores in Ontario nope not this year. btw, when is the next Quarterly?
Acreage Holdings freezes wholesale medical marijuana operations in Iowa
Another Tweed investment/partnership that has amounted too nothing.
https://wcfcourier.com/business/local/acreage-holdings-freezes-wholesale-medical-marijuana-operations-in-iowa/article_fb995320-ce65-55b2-8bce-142e318775af.html
Adult-Use Cannabis Legalization Will Not Happen in New York This Year
As for Acreage NY, No chance of Recreational sales for over a year.
Like I said Tweed/CGC still has zero cannabis performance, If you are missing this you are throwing your money down the sink.
https://hightimes.com/news/legalization/adult-use-cannabis-legalization-will-not-happen-new-york/
LMF&NAO Will This stop the right downs? You have zero new announcements, zero good news for the company except curb side pickup/Delivery like a common black market street dealer, who has many more corners then 22 Tokyo smokes. But go ahead throw your investment money into the worst Canadian weed corp there is, You are all spreading speculation based on unrealized sales and gains, Unbelievable