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The market did not respond favorably to Aphria’s (APHA.TO) (APHA) third quarter earnings report and the stock cratered almost 15%. This morning, leading Canadian broker-dealer Canaccord Genuity downgraded Aphria from Speculative Buy to Hold. The company also received a price target cut from Stifel from $22 to $18 (CAD). Going…

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (together, the “Company” or “Organigram”), a leading licensed producer of cannabis, announced its results for the second quarter ended February 28, 2021 (“Q2 2021”). “Although Q2 2021 results were challenged by industry dynamics, COVID-19 and staffing limitations…

After New York passed legislation to legalize recreational cannabis, we believe the government will prioritize legalization or decriminalization at the Federal level.  New York is the 15th state to legalize recreational cannabis and we are bullish on the trend that we are seeing at the state level. From Virginia to…

This morning, Aphria Inc. (TSX: APHA) (Nasdaq: APHA) published a press release where it encourages investors to vote on the proposed business combination with Tilray Inc. (TLRY). Aphria’s Board of Directors have unanimously recommended that shareholders vote in favor of the strategic business combination and we expect to see the…

Yesterday, Canopy Growth Corporation (WEED.TO) (CGC) entered into a definitive agreement to acquire The Supreme Cannabis (FIRE.TO) (SPRWF). The acquisition is not cheap and the development sent shares of Supreme Cannabis almost 50% higher. In regards to Canopy Growth, the market was not too pleased with the development and the…

After Aphria Inc. (APHA.TO) (APHA) and Tilray Inc. (TLRY) announced a merger agreement in late 2020, there has been a substantial increase in the amount of merger and acquisition (M&A) activity in the Canadian cannabis sector. Yesterday, Canopy Growth Corporation (WEED.TO) (CGC) announced a definitive agreement to acquire Canadian cannabis…

Earlier today, Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) surprised the market and announced a definitive agreement to acquire 100% of The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) in a transaction that is valued at approx. $435 million on a fully-diluted basis. We believe that Canopy Growth made the…

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) and The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) are pleased to announce that they have entered into a definitive arrangement agreemen under which Canopy will acquire all of Supreme Cannabis' issued and outstanding common shares (the "Supreme Cannabis Shares")…

Next week, Aphria, Inc. (APHA: TSX) (APHA: Nasdaq) will release third quarter financial results and we expect the announcement to receive a lot of attention as it is expected to be the Canadian Licensed Producer’s (LPs) last quarterly financial result before it completes the merger with Tilray Inc. (TLRY: Nasdaq). …

In 2020, one of the most significant developments in the legal cannabis sector was the announced merger of leading Canadian Licensed Producers (LPs) Aphria Inc. (APHA.TO) (APHA) and Tilray, Inc. (TLRY).  After the definitive merger agreement was announced, we published a series of articles on the growth profile of the…