Huh...whaddya know?
I went to sleep expecting dire news when I awoke, and it turned out to be just an ill-defined supply agreement.
No mention of quantities other than the minimum order of 11 lbs. per category.
And no mention of expected revenue from the deal.
Or if it's even a big deal or nominal one.
The announcement claims that "Caliva is the leader in California’s cannabis industry, holding 14 total cannabis licenses," so presumably it will lead to substantial sales and significant revenue.
The company seems to be trying their damnedest to not provide any insight or guidance about the future beyond material information required by regulators.
Whether they're doing it so as to not be accused of pumping, or whether they just don't care about investors is unknown.
Unless IIROC saw something in the news or the way it was released that raised an alarm, there was absolutely nothing in the PR that justified a halt.
But at least it was positive news.
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