HEXO Chart by TradingView
|"On July 30, 2019, shortly after the Newstrike acquisition closed, Hexo discovered that cannabis was being grown in block B, which was not adequately licensed. Hexo management immediately ceased cultivation and production activities in the unlicensed space." |
That's a great Friday afternoon NR, but why does it take almost 4 months to disclose the material issue to stakeholders? Forget that. This space has seen multiple examples of underweight, bad product from these tards on Twitter.
Friday, November 15, 2019
Thursday, November 14, 2019
WEED Chart by TradingView
|Canopy Growth (WEED.TO) reported a $374.6m net loss in Q2, more than double expectations. The company was hit with millions in charges related to product returns and price changes. It was a $32.7m charge for returns, return provision and pricing allowances for its line of softgels and oils, as well as a $15.9m charge for a new packaging and marketing strategy. The combined charges amount to $48.6m.|
Our 'take-a-way' hasn't changed. Oils and extracts aren't selling whatsoever and there is roughly 5 times more pot being produced than can be sold.
Wednesday, November 13, 2019
|The self-described 'stable genius' is at it yet again.|
Tuesday, November 12, 2019
Most commentators are suggesting a massive 'unofficial' QE is underway right now.
|The New York Fed added $112b to financial markets on Tuesday. Overnight repos were $77b and 14 day $35b.|
Thursday, November 7, 2019
The New York Fed added $115.14b to financial markets via temporary operations on Thursday. The liquidity additions came in two parts.|
One was an overnight repurchase agreement with eligible banks totaling $80.14b, the other was a 14 day repo for $35b. 6.15b was oversubscribed. It was Oct 23 when the Fed announced it was increasing its temporary overnight repo operations to $120b a day from $75b.
|US Fed repo operations, 2000-2019||The Fed's Repo operation is aimed at ensuring the US financial system has liquidity. The shock came in September when Repo rates were jacked to 10%. The September crisis pointed to a growing disconnect. Last night the Fed added $72.53B, which is becoming common. Yesterday the 3rd consecutive interest rate cut was announced, bringing the gamed rate to a target range of between 1.5% to 1.75%.|
||Back in 1987 when I got my degree in Economics there was something called interest, and it was the cost of money. Extremely important it is to put a price on things. Negative interest rates then would have been some mad economic theory. Today it has become fact.|
In 2016 Donald Trump accused the US Federal Reserve of using record-low interest rates to create a "false economy." In 2019 Trump assails and hounds the US central bank to cut rates, which they continue to do.
|https://treasurydirect.gov/NP/debt/current||A repo market malfunction can have deep repercussions. Spiking repo rates were a notorious early warning sign of the last financial crisis in 2012.
Between 1981 and 2000 the Fed's balance sheet to GDP was about 6%, today it's 18.5%. US debt has officially surpassed $23T. There has been $289B in newly issued debt in October alone.
Wednesday, November 6, 2019
Tuesday, November 5, 2019
GGI chart by TradingView
|Garibaldi drills 4.9 m of 5.46% Ni at Nickel Mountain|
"Garibaldi Resources Corp.'s latest assay results from Nickel Mountain continue to build on high-grade nickel sulphide mineralization near surface in multiple zones, while significant new potential is being identified at depth with EL-19-54's confirmation of a mineralized chamber and the discovery of another mineralized chamber, both in addition to the main E&L chamber. " Dr. Peter Lightfoot, technical adviser to Garibaldi, commented: "One of the grand unifying features ..."
These open crooked basterds annoy me greatly. What TOTAL bullshit over a 'discovery' made in 1966. This is now the 6th fukkin time for poking that grossly well defined pod.
Monday, November 4, 2019
Einstein Exchange founder Michael Gokturk
|The B.C. Securities Commission (BCSC) obtained an order last week appointing an interim receiver to oversee the Einstein Exchange, after filing a petition in B.C. Supreme Court claiming Michael Ongun Gokturk had run off. Under a flood of complaints, investigations and lawsuits, the Einstein Exchange shuttered its doors with more than $16m owing. BCSC executive director Peter Brady said the commission has also notified the RCMP of concerns about possible high level money laundering.|
Saturday, November 2, 2019
| Been following this since day one and I don't think anybody can deny the boys are high-grading. Q2 was ok after a truly horrid Q1, but the rubber hit the road with gusto in Q3. This pale elephant is in trouble deep for pretending to be a high volume operation when it might have been a successful low volume one .|
Monday, October 28, 2019
Beyond Meat Inc’s expenses more than doubled in the third quarter and shares fell 8% in after-market trading after release of numbers. The lock-up period for early investors has ended.
The product is premium priced.
BYND Chart by TradingView
|Beyond Meat is currently trading at 48 times sales. This while the S&P 500 is 2.21 and competitor Tyson Foods (NYSE:TSN) trades at 0.19 times its sales. BYND is far from the only player in the protein replacement sweepstakes. Beyond Meat stock made headlines in late September when McDonald’s announced that it was planning to trial the burgers at a handful of its Canadian restaurants. Trials at Tim Hortons were pulled in most places last month.|
Wednesday, October 23, 2019
This damn jokeshow is spewing horsechit thicker, deeper, and with more reek even as this krap plumbs ever new 52 week lows. The saying goes to under promise and over deliver. Not only have these tards turned that around, they aren't delivering a damn cent in sales. Pass on this, and at ANY level.
|"We believe drinkable elixirs are among the healthiest and most delicious ways to enjoy cannabis." Behold the 'revenues' being generated by this juggerNOT.|
TNY Chart by TradingView
Monday, October 21, 2019
NDM Chart by TradingView
|An advocacy group has made a complaint to the SEC detailing a flurry of stock trades and suspicious communications related to Northern Dynasty Minerals prior to a favorable ruling. The Pebble project near Bristol Bay, southwest of Anchorage, is controversial. Some 35m wild sockeye salmon spawn every year in those waters, making it one of the world's last untrammeled salmon runs of its kind. Volume spiked 800% in the days and weeks before the announcement on June 26. |
Complainants pointed to online posts on a stock tip website during an investor's conference on June 19 that Northern Dynasty CEO Thiessen attended, a week before the EPA announcement. One post stated: "had a half-hour conversation with Ron [Thiessen] this morning" and later stated "if you are thinking about selling, don't."
Friday, October 18, 2019
|Wicked, massive dirty Konstantin Lichtenwald, fresh off the Good.v scam (and the BridgeMark scam) landed at International Cobalt Corp. (CSE:CO) as the new CFO last month.|
ANYBODY reading this author otter know that a criminal scumbag like Litchenwald taints anything he goes anywhere near. Thus CO.c is CLEARLY a terrible bad PoS, and very likely another securities fraud. VERY simply if these MFers can't find anything wrong with Litchenwald's background then they obviously must be massive crooks too.
"The Green Organic Dutchman Holdings Ltd. has unveiled a new strategic plan ... "And our translator vis-a-vis stupid verbalization from crooked retards means this horsechit is all fully stroked bad. 'path to profitability' 'increased agility', 'an optimal production capacity', and 'our strategy continues to leverage' = Riiiight. Some would walk based on this insulting garbage alone.
TGOD Chart by TradingView
|"The Green Organic Dutchman Holdings Ltd., a leading producer of premium certified organic cannabis, announces that it is reviewing financing alternatives in order to complete construction at its facilities in Ancaster, Ontario and Phase 1a at Valleyfield, Quebec. As previously disclosed, the Company had been engaged in discussions for ordinary course commercial bank facilities and equipment leasing."|
Twitter is rightfully ablaze as these hopeless tards were spewing sweet nothings about unmitigated success in August.
Thursday, October 17, 2019
IPOT Chart by TradingView
|"Isracann Biosciences Inc. formerly Atlas Blockchain Group Inc. has fulfilled all conditions of its reverse takeover transaction ... Isracann is an Israeli-based cannabis company focused on becoming a premier cannabis producer offering low-cost production targeting undersupplied, major European marketplaces. Based in Israel's agricultural sector, Isracann will leverage its development within the most experienced country in the world with respect to cannabis research."|
And it's yet ANOTHER absolute pure piece of chit outta Tel Aviv. WTF says we.
Tuesday, October 15, 2019
|Put a freakin fork in it ... Bretty is terminating his 'LOI' and after ALL those pretty (fraudulent) photos too. What an iffin mutt and this is, for sure, nothing new from this boneyard dog. "Max Resource terminates asset purchase agreement, LOI -|
"... the company has terminated the definitive asset purchase agreement with Noble Metals Ltd. to purchase a bundle of resource exploration assets located in the Choco department of Colombia."
|Our rollback is 1 for 6.|
|Bretty thought the time was ripe for news of a, gasp, "6 KM BY 3 KM KEY ALTERATION ANOMALY." |
The tried and always true Venture saying applicable to this one goes that anomalies are like (stinking) assholes, and everybody has one. This horrid textbook example of a promo for dopo's has run it's inevitable course, is at 52 week lows, and it's just about time for a rollback, after which the fraudulent photos will likely be trotted out again for the next crop of retards.
MXR chart by TradingView
See ----->MXR.v - Textbook Distribution Phase - 'I'm Excited'
|"It is important to be aware that the conglomerate geological model has only recently been identified. Max has experienced sampling inconsistences (sic) not previously encountered, this has resulted in continuing changes and refinements in the processing of the conglomerate samples."|
Monday, October 14, 2019
|SP at 52 week lows and the future surely doesn't look bright for this straight up securities offense.||"CannTrust's Board of Directors has determined that it is necessary to destroy approximately $12 million of biological assets and approximately $65 million worth of inventory that was not authorized by CannTrust's licence." Here
TRST Chart by TradingView
Sunday, October 13, 2019
HEXO Chart by TradingView
|Gatineau cannabis producer HEXO.t provides Quebec with roughly a third of its legal supply. The SP tumbled after the co announced its fourth-quarter revenue for 2019 fell far below expectations, and at the same time withdrew its 2020 outlook. Hexo's revenue problems are common to an industry going through a major shakeup as cannabis sales in Canada have not lived up to highly bullish forecasts.|
Hexo's revised fourth-quarter outlook was between $14.5m and $16.5m, far less than the $26m in its previous outlook. Statistics Canada had put the value of the cannabis market in Canada at $5.7 billion. The reality has turned out to be $1 billion.
Friday, October 11, 2019
HUGE Chart by TradingView
|"FSD Pharma Inc. has announced that it will complete a consolidation of its class A multiple voting shares ("Class A Shares") and its class B subordinate voting shares ("Class B Shares"), each on a 1 to 201 basis. |
Nothing like living down to the hype and what a PoS this junk is. A body ALWAYS has to hate subordinate equity and here's another example.
|Co-Chair Anthony Durkacz||"Headquartered at the former Kraft plant in Cobourg, Ontario, FV Pharma’s management’s mission is to transform the facility into the largest hydroponic indoor cannabis facility in the world."|