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Weekly Roundup on the Cannabis Sector

By
ME Staff
-

Key Takeaways:

  • Akerna Corp. Acquires 365 Cannabis For $17M, Seeks To Create Most Comprehensive ERP System In Cannabis Industry.
  • HEXO Corp. Achieves Carbon Neutrality.
  • Fire & Flower Holdings Corp. Announces its Financial and Operational Results for the Fiscal Second Quarter Ended July 31, 2021. This was followed by Reports of Completed Acquisitions of PotGuide and Wikileaf’s Digital Assets.
  • Cantor Fitzgerald Maintains Overweight Ratings on Tilray, Inc. with a Price Target of $18-$19.
  • Creso Pharma Limited Expands European Market Presence Following the Launch of a new e-commerce Channel.
  • Former GOP Congressman Who Supported Marijuana Reform Enters The Cannabis Industry as Red White & Bloom Brands Inc. Appoints him to the Board of Directors.
  • Awakn Life Sciences to Acquire Leading Ketamine-Assisted Psychotherapy Clinic in Norway.
  • Missouri Spends Millions In Medical Marijuana Tax Revenue To Support Veterans Programs.
  • Neptune Wellness Solutions Inc. & Forian Inc. amongst Top Gainers in the Cannabis Sector This Week.

Top Cannabis Gainer for This Week

#1: Neptune Wellness Solutions Inc. (TSE: NEPT)

Neptune Wellness Solutions Inc. (NEPT) (NEPT.TO) operates as an integrated health and wellness company. The Company offers product development and supply chain solutions to business customers in various health and wellness verticals, such as legal cannabis and hemp.

This week Neptune Wellness was among the top gainers in the Cannabis Sector. On Friday, September 17, shares of NEPT closed up 16.07% at $0.65, with an estimated market cap of 108.7M. Though $0.65 is a bit lower than the minimum requirements of $1 for Companies listed in NASDAQ, NEPT does stand a chance of hitting the $1 price soon.

#2: Forian Inc. (NASDAQ: FORA)

Forian Inc. (FORA) provides a suite of software solutions, data management capabilities, and proprietary data and predictive analytics to optimize and measure operational, clinical, and financial performance for customers within the healthcare and cannabis industries, as well as cannabis dispensaries, cultivators, manufacturers, and distributors. The Company is headquartered in Newtown, Pennsylvania.

Forian Inc. was another top gainer in the Cannabis Sector this week. On Friday, shares of FORA closed up 10.79% at $11.50, and an estimated market cap of 374.4M. On Saturday, news emerged that, The Director of Forian, Martin Wygod, just bought a few more shares. It was reported that he paid US$9.96 per share to buy US$118k worth of the Stock. This means that investors should take an interest in Forian Inc. because insider buying is a positive sign, and it does suggest that insiders consider the Stock to be undervalued.

Top Cannabis Stocks to Keep a Close Eye On

#1: Akerna Corp. (NASDAQ: KERN)

Akerna Corp. (KERN) provides enterprise software solutions that enable regulatory compliance and inventory management in the United States and Canada. The Company offers MJ Platform, an enterprise resource planning compliance system to the cannabis industry, including state-legal marijuana, hemp, and CBD industry.

On September 13, Akerna announced that they had signed an agreement to acquire 365 Cannabis, a cannabis business management software system built on Microsoft’s Dynamics 365 Business Central, in a $17 million deal.

As a result of the acquisition, 365 Cannabis clients will gain access to Akerna’s Compliance Gateway, feature-rich reporting, MJ Retail POS, and the recently launched Akerna Connect. Akerna has partnered with SAP, Sage Intacct, and other leading providers for integrated financials and tax planning, offering cannabis operators a solution for each stage of their development – from startup to multistate operator (MSO) – while maintaining regulatory compliance through Akerna’s Compliance Gateway. Cannabis 365 clients include Pharmacann, Nectar, Revolution, Sundial (NASDAQ: SNDL), Kiaro (TSXV: KO), and many others.

#2: HEXO Corp. (TSE: HEXO)

HEXO Corp. (HEXO) (HEXO.TO) is an award-winning licensed producer of innovative products for the global cannabis market. The Company produces, markets, and sells cannabis through its subsidiaries in Canada.

On September 16, HEXO Corp announced that the Company had achieved carbon neutrality, offsetting 100% of its 2020 operational carbon emissions in addition to the personal emissions of its 1,200 employees.

HEXO partnered with Offsetters, a Vancouver-based organization that supports renewable energy and forest carbon projects worldwide, to offset its carbon footprint. To achieve carbon neutrality, HEXO offset a total of 25,965 tonnes of carbon – 19,610 tonnes of operational carbon emissions and 6,355 tonnes of their employee’s personal carbon emissions – the equivalent of 3.55 million plastic bottles. In addition to carbon emissions, HEXO is working alongside their primary packaging supplier Dymapak to counteract the use of plastic in its packaging, in conjunction with Plastic Bank.

#3: Fire & Flower Holdings Corp. (TSE: FAF)

Fire & Flower Holdings Corp. (FFLWF) (FAF.TO) operates as an independent retailer that offers cannabis products and accessories through its retail locations located in the provinces of Alberta, Saskatchewan, Manitoba, Ontario, and Yukon.

On Tuesday, September 14, Fire & Flower Holdings Corp announced its financial and operational results for the fiscal second quarter ended July 31, 2021. The Financial announcements reported 51% revenue growth in Q2 to be CAD$43 million with a fifth consecutive quarter of positive adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) CAD$3.1 million.

A day after the financial announcement, Fire & Flower announced the closings of its previously announced acquisitions of all issued and outstanding shares of PGED Corp (PotGuide), which is one of the world’s largest cannabis websites and content platforms. The Company also announced that they had completed acquiring the digital assets of Wikileaf Technologies (Wikileaf), an online platform for cannabis enthusiasts and consumers.

#4: Creso Pharma Limited (ASX: CPH)

Creso Pharma Limited (COPHF) (CPH.XA) develops, registers, and commercializes pharmaceutical-grade cannabis and hemp-based nutraceutical products and treatments for human and animal health in Europe, Middle East America, and the Asia Pacific.

On Monday, September 13, Creso Pharma announced that they had secured two new purchase orders with a combined value of AUD 337,577. Creso Pharma said that the move would broaden its European market presence.

The purchase orders have come from Swiss-based health products distributor MHG GmbH for CPH’s cannaQIX hemp seed oil lozenges and cannaQIX 50 lozenges. Established in 2016, MHG is focused on the import and export of health and wellbeing products. MHG has extensive expertise in pharmaceutical product distribution and an established market presence with more than 3,500 international points of sale.

#5: Tilray, Inc. (NASDAQ: TLRY)

Tilray, Inc. (TLRY) (TLRY.TO) appeared in our last week’s article, and as outlined in the article TLRY had a healthy week.  On Friday, shares of TLRY closed up 1.33% at $12.17, with an estimated market cap of 5.5B.

Wall Street’s consensus on TLRY suggests that shares of the cannabis company have sizable upside potential. This week Cantor Fitzgerald analyst Pablo Zuanic maintained overweight Buy Ratings on Tilray and updated the price target on TLRY to $18.00; currently, TLRY is trading at $12.17, and if the price were to rise to $18, that would be a 50% gain.

#6: Awakn Life Sciences Corp. (OTCMKTS: AWKNF)

Awakn Life Sciences Corp. (AWKNF) (AWKN.NE) was also featured in the last article.  Awakn is featuring again this week because they announced that they had signed a binding share exchange agreement to acquire a 100% interest in Axonklinikken AS (Axon), a leading ketamine-assisted psychotherapy clinic in Norway.

As part of the transaction, Axon will be renamed ‘Awakn Oslo AS.’ Axon’s majority shareholder Dr. Lowan Stewart will be appointed as Regional Director for the Nordics and Managing Director. Dr. Stewart was previously the founder and medical director of the Santa Fe Ketamine Clinic, the first ketamine treatment center in New Mexico. He has lectured internationally on ketamine for depression and is a member of the American Society of Ketamine Physicians.

The acquisition is part of Awakn’s clinic rollout program. Awakn will now parallel path its regional expansion plans in the Nordics (Norway, Sweden, Denmark, Finland and Iceland) and the U.K. & Ireland, territories with a combined 100m population and US$5trn GDP. Awakn Oslo AS will serve as a regional hub from which Awakn plans to expand across the Nordics and is in addition to the Bristol and London clinics the Company plans to have operational this fiscal year, all of which Awakn expects to begin generating revenue in the near-term.

Essential News and Reporting that Developed Throughout the Week in the Cannabis Sector

Missouri officials on Thursday announced that they had transferred millions of dollars in medical marijuana tax revenue to support programs for military veterans.

This is the second round of cannabis funding for the Missouri Veterans Commission (MVC), raising the total amount to $6,843,310. Overall, the state has seen more than $113 million in medical marijuana sales since dispensaries opened in October 2020, enabling regulators to gain a lot of money in tax revenues that are now being used to help military veterans programs.

In other news; On Friday, Red White & Bloom Brands Inc. (RWBYF) (RWB.CN) appointed Ryan Costello to the Board of Directors. Mr. Costello is a former U.S. Republican Congressman (2015-2019, PA), and now he is a public policy consultant. As a Congressman, Mr. Costello had a consistent legislative record of cosponsoring and voting for marijuana reform measures.

In the announcement, Brad Rogers, Chairman  & CEO of RWB, commented, “Mr. Costello will be a very welcome addition to the RWB Board as he brings a wealth of experience with solid acumen and a complementary skill set. He will also deepen the Company’s US-based representation, which is key, as federal policy on cannabis shifts through many of the bills scheduled to reach the House of Representatives and Senate over the near future.”

Mr. Costello remarked, “I’m looking forward to utilizing my 15+ years of service in government, the legal profession, and my familiarity with cannabis policy to be a strategic resource for RWB as it positions itself as a true market-leading house of brands in the permitted U.S. marketplace.”

 

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Centrus Energy Corp. (NYSEMKT:LEU) Files An 8-K Entry into a Material Definitive Agreement

By
ME Staff 8-k
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Centrus Energy Corp. (NYSEMKT:LEU) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into Material Definitive Agreement

On September 9, 2021, United States Enrichment Corporation, a Delaware corporation (“Enrichment”), a wholly owned subsidiary of Centrus Energy Corp. (“Centrus”), entered into an Amendment to the Lease Agreement between Enrichment and the United States Department of Energy for the lease of the gas centrifuge enrichment plant facilities in Piketon, Ohio for the American Centrifuge plant and related personal property (the “GCEP Lease”). American Centrifuge Operating, LLC, a Delaware Limited Liability company, a wholly owned subsidiary of Centrus, is a sub-lessee of the GCEP Lease.
to the amendment, the GCEP Lease, which was scheduled to expire by its terms on May 31, 2022, was renewed and extended until December 31, 2025. Except for the extension of the GCEP Lease term, all other terms of the GCEP Lease, as amended, remain unchanged.
The foregoing description of the amendment does not purport to be complete and is qualified in its entirety by the text of the amendment, a copy of which is expected to be filed as an exhibit to Centrus’ quarterly report on Form 10-Q for the third quarter ending September 30, 2021.
Centrus, or its subsidiaries, are also a party to a number of other agreements or arrangements with the United States government, as described in Centrus’ annual report on Form 10-K and other filings with the Securities and Exchange Commission.
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Cannabis Sector Weekly Roundup

By
ME Staff
-

Key Points
• Tilray, Inc. Announces Shareholders Approval to Boost the Authorized Share-Count
• The National Hemp Association (NHA) Asks Congress To Budget $1 Billion To Support Industrial Innovations and Research on the Cannabis Crop.
• Top Federal National Credit Union Administration (NCUA) Regulator Sharply Criticizes Congress for Failing to Reform Marijuana Laws.
• Greenlane Holdings, Inc. (GNLN) is This Week’s Top Gainer in the Cannabis Sector.
• Maxim Group Initiated a Buy Rating on Awakn Life Sciences Corp. (AWKNF).

Momentum is shifting on Wall Street! It has been a tough week for traders and investors. Dow, S&P 500, and NASDAQ had weekly losses.  THIS WEEK, the S&P 500 lost 1.7%, its longest losing streak since Monday, February 22, 2021. The Dow slid 2.2%, and it has been down for two consecutive weeks now. The NASDAQ declined 1.6% this week, its most significant one-week percentage decline since the week ending on Friday, July 16, 2021. This is according to FactSet data. This week’s bearish market comes amid concerns about the impact of the coronavirus delta variant on global economic growth in recent months

As the week ended with a bearish market on Friday, some stocks in the cannabis sector had an excellent week. Several Stocks that we outlined in our last week’s article had a healthy week. Icanic Brands Co Inc. (ICANF), BioHarvest Sciences Inc. (CNVCF), and Cann Group Limited (CNGGF) all had a very stable week.

This article will have a breakdown of the top cannabis gainer for this week, an outline of the essential news and reporting that developed throughout the week, and the top Cannabis Stocks to keep a close eye on.

Top Cannabis Gainer for This Week

Greenlane Holdings, Inc. (NASDAQ: GNLN)

Greenlane Holdings, Inc. (GNLN) distributes and supplies vaporization products and accessories for vape shops and dispensaries. The company offers packaging, rolling papers, grinders, glass products, vaporizers, liquid nicotine, storage solutions, pipes, apparel lines, consumption accessories, bubblers, rigs, and other smoking and vaporization-related accessories and merchandise. Its geographical segment includes the United States, Canada, and Europe. Despite the vast geographical feature, Greenlane derives a majority of its revenue from the United States.

This week Greenlane did so well in the market, its shares began to spike on Tuesday, September 7. By Friday, September 10, shares of GNLN closed up 18.43% at $3.02, with an estimated market cap of 228.76M. This big move in the market was triggered when Alliance Global Partners analyst Aaron Grey initiated coverage of Greenlane with a Buy rating and $6 price target. He views Greenlane as being positioned to capitalize on its September 1 completed acquisition of KushCo Holdings Inc.

Top Cannabis Stocks to Keep a Close Eye On

#1: Ayr Wellness Inc. (CNSX: AYR.A)

Ayr Wellness Inc. (AYRWF) (AYR-A.CN) is a U.S. multi-state cannabis operator focusing on high-growth markets. With anchor operations in Massachusetts and Nevada and recent entry into Pennsylvania, Ohio, and Arizona through acquisitions, the company cultivates and manufactures branded cannabis products for distribution through its network of retail outlets and third-party stores. The company has also expanded into the Florida market with the acquisition of Liberty Health Sciences.

Recently, Ayr Wellness has been down-trending, but the company has had some excellent reports and announcements in recent days. This might trigger its uptrend sooner or later, just like it is now happening for Greenlane Holdings, Inc.

On September 8, Ayr Wellness Announced September Conference Participation, and this came after Ayr Wellness signed a definitive agreement to acquire the owner of Levia Cannabis Infused Seltzers.

When signing the definitive agreement, Jonathan Sandelman, CEO of Ayr Wellness, said that “Since we first announced our intention to acquire Levia a few weeks ago, we have been thrilled with the feedback we’ve received from customers, friends, investors, and industry colleagues about how much they’ve enjoyed the cannabis experience Levia brings. It is a truly unique product that we believe will be game-changing to the mainstreaming of cannabis in the U.S. With a formula that provides consistently great flavor and zero calories in an infused beverage experience; we believe Levia has enormous potential as an alcohol alternative. As we finalize our updated national brand portfolio to address all segments and form factors, Levia will, following closing, play a marquee role in each market where we operate, joining our other national brands, Kynd premium flower, and Origyn extracts.”

#2: Tilray, Inc. (NASDAQ: TLRY)

Tilray, Inc. (TLRY) (TLRY.TO) is a global pioneer in cannabis research, cultivation, production, and distribution. On Friday, September 10, 2021, Tilray said In a Press Release that “stockholders holding more than a majority of its issued and outstanding shares of common stock have approved an increase in the number of authorized shares of its common stock.”

TLRY shareholders approved a resolution to boost the authorized share count from 743 million to 990 million. The company said that the vote would help it achieve $4 billion in sales by the end of fiscal 2024.

Tilray followed this announcement by filling Form 8-K with the SEC to announce major events that shareholders should know about. In their Form 8-K filing to the SEC, they said that “Tilray reconvened a special meeting of its stockholders at which the stockholders voted on the proposals set forth below, each of which is described in greater detail in the proxy statement filed with the Securities and Exchange Commission on June 25, 2021 (the Proxy Statement”).  As previously disclosed, the Special Meeting was originally convened and then adjourned, without conducting any other business, on July 29, 2021, and subsequently reconvened and then adjourned, without conducting any other business on August 19, 2021.”

On Friday, TLRY stock was down 2.7%, but there is a possibility that TLRY could be on a positive week in the coming weeks.

#3: Awakn Life Sciences Corp. (OTCMKTS: AWKNF)

Awakn Life Sciences Corp. (AWKNF) (AWKN.NE) is not in the Cannabis sector. It’s in the Psychedelics. It is a biotechnology company with clinical operations, researching, developing, and delivering psychedelic medicine to treat addiction and other mental health conditions in the United Kingdom and Europe. The company is headquartered in Toronto, Canada.

Awakn Life Sciences Corp (AWKNF) is worthy because Maxim Group initiated a Buy rating and $4 price target on Awakn. On Friday, September 10, shares of AWKNF closed up 6.25% at $1.70. AWKNF  is a stock to keep a close eye on, keeping in mind that Maxim Group thinks the company is undervalued and they anticipate that the shares of Awakn can rise to $4, that would be a big spike of  230% gain.

Essential News and Reporting that Developed Throughout the Week in the Cannabis Sector

The National Hemp Association (NHA)  asked U.S. House of Representatives leadership to attach $1 billion in funding to budget reconciliation legislation to support the cannabis sector through industrial innovations and research on the Cannabis crop.

NHA, which says it represents 90 percent of state hemp permit holders across the U.S., recently wrote a letter to top lawmakers with a proposed amendment to boost the industry as it works to find its footing after the plant was legalized under the 2018 Farm Bill.

In a press release, Geoff Whaling, the chair of NHA, stated that, “History confirms that the world looks to America to lead change, be it industrial, cultural or environmental. This is more true today than ever before, as we look to combat the global climate crisis affecting humankind. We know American ingenuity will drive many of these solutions and can do so with plant-based technologies. Hemp, America’s newest commodity crop, will be at the forefront of this regenerative economic and social shift, helping create jobs, clean our soil and air, and introduce sustainable new products once only dreamed about. With the right investment in infrastructure hemp will become America’s Next Natural Resource.”

In other news, board member and former chairman of the federal National Credit Union Administration (NCUA) sharply criticized Congress for failing to reform marijuana laws. He announced on Thursday, September 9, 2021, that he would be taking steps to push lawmakers to enact policy changes to help financial institutions and stakeholders caught in the federal-state cannabis conundrum.

At the PBC Conference, NCUA’s Rodney Hood said that “he is concerned that the legal and regulatory infrastructure surrounding the cannabis industry is not evolving quickly enough, and congressional inaction is largely to blame.” He also said that he feels legalization at the federal level is inevitable.

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VEMANTI GROUP, INC. (OTCMKTS:VMNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

By
ME Staff 8-k
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VEMANTI GROUP, INC. (OTCMKTS:VMNT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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Cannabis Sector Weekly Roundup

By
ME Staff
-
  • BioHarvest Sciences Inc., Icanic Brands Co Inc. & Cann Group Ltd.  Among Top Cannabis Gainers For The Week.
  • TerrAscend Corp & Columbia Care Inc Made the Headlines with Positive News.
  • Key Developments to Note in the Proceedings of the Federal Legalization of Marijuana

With State cannabis legalization ramping up across the U.S. and chances of Federal Legalization improving, here is a breakdown of the top cannabis movers for the week and an outline of the essential news and reporting that developed throughout the week.

Top Cannabis Gainers For This Week & Top Cannabis Stocks to Keep a Close Eye On

 

#1: Icanic Brands Co Inc (CNSX: ICANF)

 

Icanic Brands Co Inc. (ICANF) (ICAN.CN) is a wellness company focused on the development, manufacturing, marketing, and distribution of botanically-based consumable products. They offer an optimal oral spray delivery system under the brand name GanjaGold and Taylor’s. The Company has one reportable business segment being the cannabis sector. Geographically, it derives a majority of revenue from the United States.

 

This week, Icanic Brands was one of the top gainers in the cannabis sector. The shares of Icanic Brands closed up 11.32% at $0.26, with an estimated market cap of $59.3M. The catalyst for this high percentage gain was the announcement of a Proposed Acquisition by Icanic Brands. They announced that the Company had signed a binding letter of intent to acquire LEEF Holdings, Inc. This was an excellent follow-up to the Record Financial Results that Icanic Brands announced from the last quarterly report.

 

#2: Bioharvest Sciences Inc (CNSX: BHSC)

 

BioHarvest Sciences Inc. (CNVCF) (BHSC.CN) is a developer and owner of proprietary and patent-protected bio-farming technology. Its industrial large-scale plant cell growth technology can directly and constantly produce the active plant ingredients without the necessity to grow the plant itself. BioHarvest has already validated this technology through the production of VINIA™, a red grape cells functional food/dietary supplement produced and sold by BioHarvest. By adopting this technology to the Cannabis plant and building adequate cells production capacity, the Company’s objective is to be the supplier of Cannabis for both medicinal and recreational legal use.

 

BioHarvest was also another top gainer in the cannabis sector this week. The shares of BioHarvest closed up 7.64% at $0.32. BioHarvest’s market cap is at an estimate of $138.0M. BioHarvest high percentage gain was triggered by BioHarvest announcement that it had successfully scaled its Cannabis cells with trichomes production by a factor of 250x. BioHarvest also stated that they are now growing Cannabis in medium-scale bioreactors, paving the way for their next scale-up milestone, where they will reach industrial-scale production

 

#3: Cann Group Ltd (ASX: CAN)

Cann Group Limited (CNGGF) engages in the cultivation of medicinal Cannabis for medicinal and research purposes. Cann’s vision is to be a leading developer and supplier of Cannabis, cannabis resin, and medicinal cannabis products.

Cann was also another top gainer in the cannabis sector this week. Its shares closed up 9.2% at $0.24. Cann has an estimated market cap of $73.5M.

 

#4: TerrAscend Corp (CSE: TER:CNX)( OTCQX: TRSSF)

TerrAscend Corp. (TRSSF) (TER.CN) is a leading North American cannabis operator. It carries out licensed marijuana cultivation and processing operations in Maryland and has licensed marijuana production in Canada.

Recently TerrAscend has been making the headlines severally, and this week they were at it again. This week they announced the East Coast launch of its premium edible brand Valhalla Confections. Valhalla’s soft lozenges gained popularity on the West Coast as one of the most prevalent cannabinoids; therefore, this launch of Valhalla in the East Coast can be an excellent move by TerrAscend; subsequently, this stock must be watched with a keen eye.

 

#5: Columbia Care Inc. (OTCMKTS: CCHWF)

 

Columbia Care Inc. (CCHWF) (CCHW.CN) is one of the largest and most experienced cultivators, manufacturers, and providers of cannabis products in the U.S.

 

This week the Company announced that it had received approval from the Florida Department of Health’s Office of Medical Marijuana Use (OMMU) to operate as Cannabist. They aim to rebrand their Florida dispensaries as Cannabist. We all know that ‘approvals’ can be a massive catalyst for a Stock to spike; approvals can bring liquidity and volatility to the stock. This is why we feel that Columbia Care is an excellent stock to put on any trader’s watch list.

 

 #6: Cresco Labs Inc. (OTCMKTS: CRLBF)

 

Cresco Labs Inc. (CRLBF) (CL.CN) is another company that should be on any smart Trader radar. Cresco Labs is one of the largest multi-state, vertically integrated cannabis companies. They control the cultivation, manufacturing, extraction, and packaging of their cannabis products.

 

Cresco Labs stock is up 58.27% over the last 12 months, and on Thursday, Sep 2, Cresco had a huge spike; this is because the Company closed its $90 million acquisition of Cultivate in Massachusetts. This is a massive deal for Cresco Labs, and this is why you should closely watch out for Cresco in the coming few days.

 

Key Developments in the Federal Legalization of Marijuana

 

Democratic Governor of California Gavin Newsom signed a bill that will exclude and exempt states regulations on Cannabis produced under a research production permit (DEA). In addition, the state’s top cannabis regulator said that they are working on uniting rulemaking and oversight.

 

Another critical development in the cannabis sector this week was the rally and support for the Sector by a few significant industries and organizations, who are advocates and stakeholders in the cannabis sector. They showed their support to the Sector by submitting comments to the Senate on The Democratic Senate Majority Leader Chuck Schumer’s government draft bill, which aims to legalize marijuana.

 

The National Cannabis Industry Association (NCIA) was one of the organizations which commented on Schumer’s bill of federal legalization of marijuana.  In their statement, they said, “Given our demonstrated focus on engaging with the people most directly impacted by cannabis policy reform, we hope the breadth and depth of our feedback will enable you to enact sound legislation which fosters the growth of a thriving and equitable legal cannabis industry.” The organization also added on their remarks by stating that “NCIA is committed to creating a vibrant legal industry that can sustain thousands of well-paying jobs while responsibly serving adult consumers and medical patients who rely on cannabis for relief.”

 

In another report, The Marijuana Policy Project (MPP) said in its letter that even if federal legalization is a necessity, the rollout should be carried out thoughtfully and gradually. This will, in turn, avoid jeopardizing efforts to promote equity in the industry throughout the various states in The United States of America. In the Statement, MPP said that “While we are enthusiastic about the goals of the CAO Act Discussion Draft, we believe the regulatory aspects need significant clarification and revision to avoid unintended consequences,” In addition to this, MPP states policies director, Karen O’Keefe, wrote. “Our two major areas of concern are the possible upending of state licensing and regulatory systems—driving sales underground—and the impact on medical cannabis access, including for those under the age of 21.”

 

Elsewhere, Republican Thomas Massie, who is the Representative for Kentucky’s 4th congressional district, tweeted, “I will defend your right to ingest, consume, or receive any vaccine, food, drug, or treatment you want, whether the government approves it or not… I don’t care if you take mushrooms or marijuana.”

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ICONIX BRAND GROUP, INC. (NASDAQ:ICON) Files An 8-K Other Events

By
ME Staff 8-k
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ICONIX BRAND GROUP, INC. (NASDAQ:ICON) Files An 8-K Other Events
Item 8.01.

On June 28, 2021, Red Diamond Holdings S.à r.l, an indirect wholly-owned subsidiary of Iconix Brand Group, Inc. (the “Company”), entered into an IP assignment agreement (the “Agreement”) to sell certain intellectual property rights in the Republic of India relating to the Lee Cooper® brand to Iconix Life>
In order to fund the Consideration, the Company contributed towards a rights issue in Iconix India and the Company anticipates using the net proceeds to repay amounts due under its existing financing arrangements, and otherwise for general corporate purposes.

Forward-Looking Statements
This Form 8-K contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The matters discussed in this Form 8-K involve estimates, projections, goals, forecasts, assumptions, risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. All statements in this Form 8-K that are not purely historical facts are forward-looking statements, including statements containing the words “may,” “will,” “expect,” “anticipate,” “intend,” “estimate,” “continue,” “believe,” “plan,” “project,” “will be,” “will continue,” “will likely result” or similar expressions. Any forward-looking statement inherently involves risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The Company discusses certain of these factors more fully in its additional filings with the Securities and Exchange Commission (the “SEC”), including its annual report on Form 10-K for the fiscal year ended December 31, 2020 and a subsequent quarterly report on Form 10-Q filed with the SEC, and this Form 8-K should be read in conjunction with those reports, together with all of the Company’s other filings, including other current reports on Form 8-K, through the date of this Form 8-K. The Company urges you to consider all of these risks, uncertainties and other factors carefully in evaluating the forward-looking statements contained in this Form 8-K.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Since the Company operates in a rapidly changing environment, new risk factors can arise and it is not possible for the Company’s management to predict all such risk factors, nor can the Company’s management assess the impact of all such risk factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company’s future results, performance or achievements could differ materially from those expressed or implied in these forward-looking statements. The Company does not undertake any obligation to publicly revise these forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as may be required by law.
About ICONIX BRAND GROUP, INC. (NASDAQ:ICON)

Iconix Brand Group, Inc. is a brand management company. The Company owns a diversified portfolio of consumer brands across women’s, men’s, home and entertainment categories. The Company operates through five segments: men’s, women’s, home, entertainment and corporate. The Company’s brand portfolio includes brands, such as Candie’s, Bongo, Joe Boxer, Rampage, Mudd, London Fog, Mossimo, Ocean Pacific/OP, Danskin/Danskin Now, Rocawear/Roc Nation, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter, Waverly, Ecko Unltd/Mark Ecko Cut & Sew, Zoo York, Umbro, Lee Cooper, Strawberry Shortcake and Artful Dodger, and interests in Material Girl, Peanuts, Ed Hardy, Truth or Dare, Modern Amusement, Buffalo, Nick Graham Hydraulic and PONY brands. It operates in various geographic regions, including the United States, Japan and Other (which principally represent Latin America and Europe).

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Compass, Inc. (TSE:CMZ.UN) Files An 8-K Material Modification to Rights of Security Holders

By
ME Staff 8-k
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Compass, Inc. (TSE:CMZ.UN) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03.


About Compass, Inc. (TSE:CMZ.UN)

COMPASS Income Fund is a Canada-based closed-end investment trust. The investment objective of the Fund is to provide unitholders with a stable stream of monthly distributions. The Fund invests in a diversified portfolio comprised primarily of high yielding equity securities of issuers operating in various industries and geographic regions. It has investments in various sectors, such as real estate, energy, financials, pipelines, industrials, consumer discretionary, utilities, cash and short-term investments, and other assets. The Fund’s financial instruments may include fixed income, equities, structured products, derivatives, cash, accounts receivable-portfolio securities sold, accounts payable-portfolio securities purchased, accounts payable and accrued liabilities, redemptions payable and distributions payable. Middlefield Limited is the trustee and manager of the Fund. The co-advisors of the Fund are Middlefield Capital Corporation and Guardian Capital LP.

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Hudson Technologies, Inc. (NASDAQ:HDSN) Files An 8-K Other Events

By
ME Staff 8-k
-

Hudson Technologies, Inc. (NASDAQ:HDSN) Files An 8-K Other Events
Item 8.01

On June 29, 2021, Hudson Technologies, Inc. (the “Company”) issued a press release, attached hereto as Exhibit 99.1, announcing that the United States Defense Logistics Agency exercised its option to extend, for an additional five years to July 2026, the term of the Company’s existing five-year contract for sales to the Department of Defense.

(d) Exhibits

Exhibit 99.1 Press Release issued June 29, 2021.

 


HUDSON TECHNOLOGIES INC /NY Exhibit
SEC.gov | Request Rate Threshold Exceeded html {height: 100%} body {height: 100%; margin:0; padding:0;} #header {background-color:#003968; color:#fff; padding:15px 20px 10px 20px;font-family:Arial,…
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About Hudson Technologies, Inc. (NASDAQ:HDSN)

Hudson Technologies, Inc. is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination. Its refrigerant and industrial gas sales include selling of reclaimed and virgin (new) refrigerants to various customers in a range of segments of the air conditioning and refrigeration industry. It provides refrigerant management services, which also include laboratory testing through its laboratory, and banking services. It provides decontamination and recovery services that are performed at a customer’s site using its Zugibeast system under its RefrigerantSide services. The Company also participates in the generation of carbon offset projects as a component of its products and services.

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3D PIONEER SYSTEMS, INC. (OTCMKTS:DPSM) Files An 8-K Entry into a Material Definitive Agreement

By
ME Staff 8-k
-

3D PIONEER SYSTEMS, INC. (OTCMKTS:DPSM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

(d) Exhibits

Exhibit No. Description
10.1 Share Sale Agreement
99.1 Press Release issued June 24, 2021


3D PIONEER SYSTEMS, INC. Exhibit
EX-10.1 2 ex10-1.htm   EXHIBIT 10.1   Share Sale Agreement   BETWEEN   3D Pioneer Systems Inc.   AND Host Group of Companies Pty Ltd ACN 085 418 159   AND   Vantis Partners Pty Ltd ACN 142 953 731         This Acquisition Agreement (“Agreement”) is entered into this June of 23,…
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About 3D PIONEER SYSTEMS, INC. (OTCMKTS:DPSM)

3D Pioneer Systems, Inc. is engaged in implementing of three-dimensional (3D) printing in the gaming and entertainment industries. The Company provides 3D printing hardware, software and accessories. The Company’s Wyatt is a 3D printer with features, such as wireless connectivity, Web interface and remote mobile access, and control. The Company’s Appaloza is an online marketplace and platform for designing, collaborating and printing. The Company’s Appaloza is a 3D marketplace where both designs can be sold, shared, modified and printed. The Company’s Appaloza enables direct communication and control with fused deposition modeling (FDM) 3D printers on the market. The Company’s also offers The Whip, a Web enabled 3D printer controller. The Company is also engaged in developing a portfolio of mobile games playable on all platforms, including Internetwork Operating System (iOS), Android, Windows and Linux. The Company operates offices in the United States and the United Kingdom.

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TECHPRECISION CORPORATION (OTCMKTS:TPCS) Files An 8-K Entry into a Material Definitive Agreement

By
ME Staff 8-k
-

TECHPRECISION CORPORATION (OTCMKTS:TPCS) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01


TECHPRECISION CORP Exhibit
EX-10.1 2 tm2120896d1_ex10-1.htm EXHIBIT 10.1     Exhibit 10.1     AMENDMENT TO AMENDED AND RESTATED LOAN PURCHASE AND SALE AGREEMENT   THIS AMENDMENT TO AMENDED AND RESTATED LOAN PURCHASE AND SALE AGREEMENT (the “Amendment”),…
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About TECHPRECISION CORPORATION (OTCMKTS:TPCS)

TechPrecision Corporation is a manufacturer of fabricated and machined metal components and systems. The Company offers a range of services required to transform metallic raw materials into precision finished products. It sells finished products to its customers in three industry groups: defense, energy and precision industrial. Its primary business includes the business of its subsidiary, Ranor, Inc. Its operations in China are conducted through its subsidiary, Wuxi Critical Mechanical Components Co., Ltd. (WCMC). WCMC, through its subcontractors, provides precision component fabrication and machining solutions. Its manufacturing solutions include fabrication operations (cutting, press and roll forming, assembly, welding, heat treating, blasting and painting), and machining operations, including computer numerical controlled horizontal and vertical milling centers. Its projects include the manufacturing of products from various traditional, as well as specialty metal alloys.

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