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Weed in the CFL
It’s always been ‘socially acceptable’, players say
RACHEL BRADY
TORONTO
THE GLOBE AND MAIL
October 26 at 19:02 ET
https://www.theglobeandmail.com/cannabis/article-it-has-always-been-socially-acceptable-in-cfl-to-use-cannabis/
Martello Receives 2018 Outstanding Information & Communications Technology Company (ICT) Recognition Award from IEEE
OTTAWA, Canada (PRWEB) October 22, 2018
https://www.prweb.com/releases/martello_receives_2018_outstanding_information_communications_technology_company_ict_recognition_award_from_ieee/prweb15858868.htm
Martello Technologies Group Inc. (“Martello”) (TSXV: MTLO), a leading provider of network performance management solutions for real-time communications, accepted the “2018 Outstanding Information and Communications Technology Company” Recognition Award from IEEE Ottawa. The award was presented at the 74th Annual IEEE Ottawa Section AGM and Banquet on Friday, October 19th at the Shaw Centre.
“IEEE’s acknowledgement of Martello’s solutions in managing and optimizing network performance in real-time with our innovative SD-WAN technologies is another proud moment for our company as a whole and a testament to our commitment to advancing these technologies for our clients,” said John Proctor, president and CEO of Martello.
IEEE Ottawa Section presents the IEEE Ottawa Section Awards annually as recognition for its members, volunteers, chapters, affinity groups and student branches to provide recognition and appreciation for the industry and organizations.
The Outstanding Technology Company Recognition Award recognizes an industry or organization that has made an outstanding contribution to science, engineering, and technology. Awards are given in the following three categories: Outstanding Information & Communications Technology Company Recognition Award, Outstanding High Technology Company Recognition Award, and Outstanding Clean Technology Company Recognition Award.
The Award Committee selects the winners for the “IEEE Ottawa Section Outstanding Technology Company Recognition Award” based on innovation and patents, products and technology, benefits and services for the region, province, and country, employment and market driven strategy for the local and international industry.
“The IEEE Ottawa Section is very pleased to have the opportunity to recognize an outstanding local Ottawa company such as Martello for its solutions in managing and optimizing network performance in real-time solutions with innovative SD-WAN technologies.” said Dr. Wahab Almuhtadi, Chair, Awards and Recognition Committee for IEEE Ottawa Section.
More than 5,000 businesses and government organizations are already benefiting from Martello's solutions in 150 countries around the world, and Martello’s proven solutions continue to be recognized by the industry. In September, the company received a Frost & Sullivan Leadership Award for NPM (Network Performance Management) and ranked as Ottawa's Fastest Growing Company on the Growth 500 list of Canada's Fastest Growing Companies. In August 2018, the company received the INTERNET TELEPHONY SD-WAN Product of the Year Award, and in June 2018 Martello debuted on the Branham300 listing of Canada's top ICT companies.
OCS : https://ocs.ca
Ontario Cannabis Store. 1 of 10 Provinces and 3 Territories in Canada. Similar to the American State Government. Ontario is the largest population and provincial GDP in Canada, followed by Quebec and Alberta. Ontario is currently an e-commerce only market for Recreational Cannabis, with Retail outlets set to be regulated April, 2019, and the Province is the only legal distributor through this web site. Alberta currently has a two pronged system, e-commerce and retail, with both provincial and private distribution allowed. On L day at 00:30, I placed an order on the OCS, and I’ve still yet to receive a delivery tracking number from the distribution. My order was in the 12k’s out of a total of ~100k that day. Since then, hundreds of thousands of orders ha e been placed ( I’m not sure what the total is as of today ). The Mail courier Canada Post ( crown corporation) has begun taking job action strikes this week and has added to delays in mail delivery. This , along with delays from the Duty Paid Stickers fiasco, means Ontario has seen growing pains in the First week post L-Day. Alberta on the other hand, I walked into a retail outlet, and walked out with my purchase in under 5 minutes.
So that’s the difference on the ground. I’m sure it will all be sorted out. Just seems Ontario is being unnecessarily sluggish in the roll out. Everything in its time.
Just walked into Cannabis House in Edmonton. In and Out in Under 5 Minutes. Nice place. Excellent service. STILL NO SHIPPING NOTICE FROM THE OCS ORDER PLACED OCT 17 @ 00:30 HRS! Ontario is failing BIG TIME. Going to keep my medical authorization open because OCS is inconvenient, at best.
Delivra Announces Stock Option Grant and Postponement of Warrant Expiry
CNW Group
October 15, 2018, 5:00 AM MDT
TORONTO , Oct. 15, 2018 /CNW/ -
https://finance.yahoo.com/news/delivra-announces-stock-option-grant-110000467.html?.tsrc=applewf
Delivra Corp. (TSXV: DVA - "Delivra" or the "Company"), a scientific and biotechnology company, today announced that it has issued an aggregate of 550,000 incentive stock options (the "Options") each exercisable into one common share in the capital of the Company, to eligible participants under the Company's incentive stock option plan (the "Plan"). The Options are exercisable at $0.36 per share for a period of five years from the date of grant, expiring on October 15, 2023 . Of the Options granted, 500,000 vest immediately and 50,000 vest 50% on the first anniversary of the grant date and 50% on the second anniversary of the grant date. The options have been granted under and are governed by the terms of the Plan.
The Company also makes reference to the 700,000 share purchase warrants, exerciseable between $0.60 and $0.61 per share, expiring on October 31, 2018 . Pursuant to the terms of the warrants, the warrant expiry date has been postponed until the third business day following the lifting of the "blackout period" that will be in effect on October 31, 2018 in connection with the release of the Company's September 30 th, 2018 financial results.
70500 Bid/ 65300 Ask @ 61.64 @ 07:16 MT
Reefer Mania: Day One Sales Across Canada Could Top C$27.9 Million
Jonathan Cooper
Oct. 22, 2018 7:41 AM
Summary
https://seekingalpha.com/article/4213079-reefer-mania-day-one-sales-across-canada-top-c-27_9-million
Strong sales figures for provinces across Canada on day one of legalization.
I estimate that first-day sales were worth ~$28 million in ~212,000 sales, including both online and retail store sales.
The focus moves from legalization to supply shortages - stores running out of selection and stock, and general shortages until perhaps mid-2019.
I just ordered a selection box set. I’m really looking forward to this. We know Hershey Chocolate is like Prole chocolate. Not quite Genuine. Those Cocoa Bean Chunks look delicious.
I’m in the province of Alberta at the moment. Have yet to visit a physical retail location. It will definitely be one of my first stops in my traveling. It is a buzz on the ground. People just want to have the “experience” for the first time of purchasing legal cannabis. The orders I placed on Lday have still yet to ship. # 12k. Nearly everyone in Ontario is still waiting for their order. Physical locations are necessary, or this e-commerce will not work very well IMO.
Eyeing legal edibles, weed giant teams up with Almonte chocolate-maker Hummingbird
PETER HUM
Updated: October 19, 2018
https://ottawacitizen.com/news/local-news/eyeing-legal-edibles-weed-giant-teams-up-with-almonte-chocolate-maker-hummingbird
Having won the Academy of Chocolate’s 2016 Golden Bean for making the world’s best bean-to-bar chocolate, the Almonte couple behind Hummingbird Chocolate Maker have to wonder if one day their company might be comparably recognized by the High Times Cannabis Cup.
That’s because Hummingbird, which was launched in 2011 by Erica and Drew Gilmour, recently partnered with Canopy Growth Corp., the Smiths Falls-based, publicly traded marijuana company, to press ahead with creating a THC-laced chocolate product that could arguably appeal to gourmets who fancy a tasty buzz.
I have a hard time reading your thoughts , because I often think your playing a bipolar advocate. millions of shares are traded every day, on several exchanges, at or around these prices, and Im sure many of the traders are of some soundness of mind. You used to present forward thinking ideas, mostly , these days your presenting trailing ideas. what stz did a month ago, as opposed to where the puck is going. if , for example, a window, or even a crack in the curtain opens up in your home country for Cannabis ( which is seeming more likely than not these days) would we not return to our forward projections? what about the UK ( medical availability ) albeit in a limited variety, available this month. and several other very large markets opening. so although there is dilution, what the corporation is gaining, as of OCT 31, is incredible book value, and a substantial lead in a growing industry. but then why are these insane people buying, and holding even at these prices? your answers are best for review.
Premarket Bid at 65 cad @ 0728 MT
Demand persists, supplies dwindle as lines stretch into Day 2 of legal cannabis
CHRISTINA PELLEGRINI?THE GLOBE AND MAIL?October 18 at 15:50 MT
https://www.theglobeandmail.com/cannabis/article-demand-persists-supplies-dwindle-as-lines-stretch-into-day-2-of-legal/
oh Man! The IGGY Button will be exercised well today and in the coming days. DD please. That nerf water pistol action is crowding the space.
Morning Update: Cannabis celebrations and shortages; the latest twist in Vancouver’s election
ARIK LIGETI
THE GLOBE AND MAIL
October 18 at 05:11 MT
Good morning,
These are the top stories:
Day 1 of cannabis legalization saw celebrations, strong demand – and shortages?Websites and stores sold out of many brands and strains in a matter of hours, and long lines plagued many of the retail shops. By noon, only one product made by industry giant Canopy Growth was still for sale on Ontario’s government site. Despite the hiccups, there were festivities across the country to mark Canada becoming just the second country in the world, after Uruguay, to allow the sale and use of recreational marijuana. At the University of British Columbia, scores of students smoking marijuana filled a hill beside the student centre. And in Calgary, a party-like atmosphere was seen outside of two stores.?Despite the excitement, opposition and skepticism about legalization remain. As Ian Brown writes, “the stigma that survives will determine whether cannabis becomes an accepted habit of mainstream life for anyone but the people who already use it.”?It was mostly business as usual for unlicensed dispensaries in places like Toronto and Vancouver. But those shops continue to get their supply from unlicensed processors and growers, a sign that the illicit market isn’t about to dissipate any time soon. Two dozen Vancouver dispensaries fighting a city order to shut them down are hoping a court ruling will come soon that would allow them to continue selling to medical marijuana patients.
https://www.theglobeandmail.com/canada/article-morning-update-cannabis-celebrations-and-shortages-the-latest-twist/
“Clarke has said in the past that he gets his cannabis from suppliers such as Canopy Growth.”
After one day N.L. has a shortage in marijuana
Some east coast and central stores have run out of product completely
CBC News · Posted: Oct 17, 2018 9:40 PM NT | Last Updated: 11 hours ago
https://www.cbc.ca/news/canada/newfoundland-labrador/marijuana-shortage-newfoundland-labrador-1.4867441
Canopy Rivers: This Canopy-Affiliated Stock Is On Sale After 30% Drop
https://seekingalpha.com/article/%3Clink%20rel=%22canonical%22%20href=%22https://seekingalpha.com/article/4212215-canopy-rivers-canopy-affiliated-stock-sale-30-percent-drop%22%20/%3E
Cornerstone Investments
Oct. 17, 2018 2:47 PM•cgc
Summary
Canopy Rivers went public on September 20 and the stock has lost almost 30% of its value after the first trading day.
Canopy Growth owns 23% of the economics and all of the multiple voting shares, giving it majority vote and control of Canopy Rivers.
Both companies will benefit by having a dedicated public investment vehicle that improves specialization, access to capital, and valuation.
Canopy Rivers (OTCPK:CNPOF) went public on September 20, 2018, and enjoyed one of the most impressive IPO debuts, with the stock up 150% on the first day of trading. Despite the Canopy Growth (CGC) affiliation and close relationship between both companies, we think Canopy Rivers stands to become a unique player in the cannabis industry. We think Canopy Rivers will leverage its close relationship with CGC to invest across the cannabis industry and potentially capture the next billion-dollar opportunity.
(All amounts in C$ unless otherwise noted)
What Does It Mean for Canopy Growth?
Canopy Growth ("CGC") has become the most dominant name in the cannabis sector and we believe there are several strategic merits to having a separately-traded investment arm compared to having it all done in-house.
First of all, we all know that Aurora (OTCQX:ACBFF) is famous for its prolific investments across the various cannabis verticals. Aurora's investments have generally paid off handsomely due to the early timing of those deals. Canopy Rivers came along later, but it could really help CGC focus on its core business of dominating the cannabis business while having a dedicated management and investment team to focus on procuring and managing the most promising cannabis investments across the globe. Bruce Linton, the CEO of Canopy Growth, will be able to have a separate management team to rely on and become more efficient at both jobs at both companies. Investors can also benefit from more visibility into Canopy Rivers compared to the various investments embedded within Aurora.
Secondly, CGC could also benefit from having a formalized relationship with its portfolio companies. Canopy Rivers will serve as the conduit between its portfolio companies and CGC which in turn helps facilitate the exchange of knowledge, best practices, technology, and management expertise in this ecosystem. Compared to an in-house system where things could get murky and less organized, there are benefits of having a dedicated team. Things are more clearly laid out in this case and transparency is improved, which has been one of the criticisms of Aurora's approach.
Lastly, CGC benefits from having better access to capital from the public markets. Canopy Rivers relied on funding from CGC and private placements in the past to fund its acquisitions, but going forward, we expect the company to be able to raise capital more efficiently and pursue bigger investments. Canopy Rivers will also be better positioned to pursue value realization activities such as IPO or asset sales in the future.
Canopy Rivers Overview
We first mentioned Canopy Rivers in our Weekly Cannabis Report in which we expressed our excitement for the IPO and highlighted some of our concerns. We were worried that investors had become accustomed to the crazy runs we have seen in the recent cannabis IPOs. Investors might automatically expect that Canopy Rivers will also replicate these successful post-IPO performances and they might blindly pile into the stock without proper diligence.
To understand the Canopy Rivers story, it is important to examine the strategy of this company which is distinctly different from the traditional licensed producers. The company defines its strategy as the following:
The Company looks to invest in all segments of the cannabis value chain and aims to partner with best-in-class management teams that bring track records of success. Investments take the form of production-linked royalties, secured debt, newly formed joint ventures, and a variety of equity and equity-linked instruments. These unique structures position Canopy Rivers with preferred economics that ascribe value to both financial and strategic considerations.
The key takeaway here is that Canopy Rivers is not a traditional licensed producer that will handle cannabis production and processing, instead, it acts more like a venture capital firm for weed companies. Also, unlike the U.S. spin-off from Aurora Cannabis called Australis Capital (OTCPK:AUSCF) which has no operating assets and is essentially a shell company at this point, Canopy Rivers already has a portfolio of 11 investments ranging from licensed producers, distributors, to media companies. We will discuss some of the more representative investments and you can find the whole list on the website.
TerrAscend
Image result for terrascend cannabis logo
TerrAscend is a licensed producer located in Ontario with an indoor cultivation facility operated under its subsidiary, Solace Health. In November 2017, TerrAscend completed a round of private placement equity financing totaling $52 million. CGC, Canopy Rivers, and JW Management collectively acquired 47.7 million shares at $1.10 per share. They also acquired the same number of warrants with an exercise price of $1.10. Each of CGC and Canopy Rivers owns 11.3 million shares of TerrAscend which puts their respective ownership interest in the stock to $92 million before warrants and $171 million including warrants. Clearly, this investment has been hugely successful for Canopy Rivers based on the share price performances of TerrAscend so far.
We are the only author that has covered this stock on SA so far and we have expressed our cautious view on the stock back in May through our work, "A Head-Scratching Cannabis Stock". Part of our concern was the lack of scale and strategic direction at TerrAscend, and the company has been very quiet on its investor communications front. Our hypothesis is that the stock is only traded by a small number of investors and insiders which resulted in an inflated market capitalization that does not reflect the true value of this company as a whole. If you look at the daily trading volumes of this stock, which are mostly between 20k and 100k shares, you will realize that the stock is illiquid and could potentially be a result of a lack of investor awareness.
Canopy Rivers (RIV) Given a C$12.00 Price Target by Eight Capital Analysts
Carl HestOct 16th, 2018
Canopy Rivers logoCanopy Rivers (CVE:RIV) has been assigned a C$12.00 target price by equities research analysts at Eight Capital in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the venture capital firm’s stock. Eight Capital’s price objective points to a potential upside of 111.27% from the company’s current price.
Separately, Pi Financial set a C$10.00 price target on shares of Canopy Rivers and gave the company a “buy” rating in a report on Monday.
CVE:RIV traded down C$0.35 during trading hours on Tuesday, hitting C$5.68. The stock had a trading volume of 1,896,043 shares, compared to its average volume of 945,506. Canopy Rivers has a one year low of C$0.12 and a one year high of C$11.82.
https://www.baseballdailydigest.com/2018/10/16/canopy-rivers-riv-given-a-c12-00-price-target-by-eight-capital-analysts.html
Order #9928x
@ 0002 hrs Oct 18
~100k day one on the OCS
7 oil and Capsule products on OCS. All HEXO (hypothecary) product. 6 Oral Sprays, One Intimate lube spray.
Kinda weird that Tweed Brand is ‘missing in action’ on the OCS. And where did all the Craft Growers go?
I’m not sure myself. When I get a moment to cross reference, I will do that. In proportion, Canopy does look under represented, but behind the scenes of the tiles on the web page, are the supply quantities. In a week or so, when it’s all depleted, only those that can restock the vending machine will be able to make sales. This is Big League marketing, of which I’m not completely versed. I’m looking forward to what we can learn in the coming week.
My purchase was for a tweed branded product, kinda regret not grabbing the LBS too. But there are many, many more days to come
I saw only 1 tweed sku. 2 DNA, 1 lbs. at the moment I don’t see tweed or lbs. the Canopy distribution is represented in Liiv, plain packaging and Edison. Maybe some others also. Need to cross reference with Rivers.
I’m trying to recall, this morning at midnight, there were over 100 products for sale. At the moment , about 50 available. Can anyone else verify that hypothesis on the OCS web page
The response to cannabis legalization has resulted in a high volume of orders. Please expect your order to be delivered within one to five business days. We apologize for any inconvenience.
https://ocs.ca/
It most certainly is.
I agree. Just an observer. On another note, “plain packaging” is a thing on the OCS. This is an elbow room website.
Nearly all Canadian LP shareholders are looking 1-2% shy in the premarkets. STN event today?
order # 1264X @ 0030 HRS.
So can I assume that would be the 12 thousandth order in the first half hr? maybe. interesting volume gauge.
let me put my first impression, not to excited. it looks like shopping for toilet paper or office supplies with a very tired and bused web platform deign team. Blah. And where are the Canopy products?
Ok. Here Goes the Big Leagues.
Hey. Bobby. there’s still a chance for a sell the opportunity here. If there’s any blood on the streets these next few days/weeks, you could have a great opportunity to invest. MMPR user and a few others tend to have some good swing trade entry point suggestions.
You should have* been able to, but the live feed is over in that region. It is already Oct17 in the furthest eastern island province of Canada, notoriously a half hr ahead of the rest. First to see every sunset.
I’m sure the other Regions will have some sort of coverage. I prefer the CBC because it is Canada’s National subsidized Broadcaster
delete this. Please
Im in Ontario tonight, and I'll be looking at the OCS for their launch at midnight.
This is live on a national broadcaster and all I can see is TWEED brand. This location was definitely *selected for this moment. Canopy with another first.
“ in just a moment, your gonna see people pouring through these doors.”
Torrent
And we’re Off!
How’s our avg/ gonna look ... Mr CureMother. Great name
Live ! Bruce Linton on deck for First Post Prohibition sale. Brilliant Marketing!
https://www.cbc.ca/news/canada/newfoundland-labrador/legal-marijuana-st-johns-first-sales-1.4865855