Dai Truong's Cannabis Newsletter - Issue #25

Sep 05, 2019

Is the Cannabis Industry Drowning in Cheap Stock?

A look at dilution of publicly-traded Cannabis companies.

NV judge halts licensing process for new adult-use cannabis stores

A Nevada judge halted the licensing process for several dozen new adult-use cannabis stores, siding with companies that lost bids to win the lucrative permits.

Deals

Green Growth Brands Completes Acquisition of Second The+Source Location

Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) closed its acquisition of Henderson Organic Remedies, LLC (The+Source Henderson), which was previously disclosed on December 14, 2018. The+Source Henderson is the second The+Source dispensary operated by GGB in greater Las Vegas. The productivity of The+Source Henderson is similar to that of The+Source Las Vegas.

Financing

TerrAscend Early Warrant Exercise for Proceeds of $31.5M

All of the outstanding Warrants were held by funds advised by JW Asset Management, LLC which are affiliates of Mr. Jason Wild, Chairman of the Company. Each Warrant entitled the holder to acquire one proportionate voting share (on an as converted basis) on or before December 8, 2020 at an exercise price of CDN$1.10.

CBD

Rob Gronkowski (Gronk) Becomes an Advocate for CBD and Partners With Abacus Health Products, Maker of CBDMEDICtm | Business Wire

Rob Gronkowski (Gronk) Becomes an Advocate for CBD and Partners with Abacus Health Products, Maker of CBDMEDIC.

People

Harvest One Appoints CFO

Aaron Wong (CPA) has 15+ years of finance leadership experience in public and private organizations including Seaspan Corporation, Teekay Corporation, and CHC Helicopter. Mr. Wong has been with Harvest One since December 2017, serving as Corporate Controller.

Highly Objective