The last week has been quite busy for the cannabis sector as companies have announced earnings, acquisitions, and partnerships. This is an exciting time to be a cannabis investor and today, we have highlighted 7 important company announcements that investors need to be aware of.

7 Developments to be Aware of

1. Sunniva Inc. (SNN.CN) (SNNVF) released first quarter financial results for the period which ended on March 31st after the market closed yesterday. The company is focused on the California and Canadian marijuana markets and has been executing on a multi-faceted growth strategy. Sunniva’s US subsidiaries have received all the necessary California temporary licenses for Phase one and two of construction and its Canadian subsidiary has received the Confirmation of Readiness for a license under the ACMPR from Health Canada. This is an exciting long-term opportunity and investors should be monitoring this one closely.
2. MedMen (MMEN.CN) commenced trading on the CSE earlier this week and this IPO has not lived up to the hype. Coming out with a valuation north of $1.5 billion, MedMen significantly overpriced its initial public offering and we are monitoring the continued decline. Last year, the company recorded a $15 million net loss on approx. $3 million in revenues and we remain cautious with this one.
3. Aurora Cannabis (ACB.TO) (ACBFF) released a new product line called Aurora Frost, which represents the company’s highest potency offering with over 35% THC. Aurora Frost will be sold at a premium, $35 per gram, and in one-gram increments. While this type of product is only meant for a certain type of consumer, we expect to see strong demand from the medical and recreational market.
4. Liberty Health Sciences (LHS.CN) (LHSIF) signed a licensing agreement with Isodiol International (ISOL.CN) (ISOLF) to provide a complementary suite of medical cannabis products to patients in Florida and Massachusetts. We are favorable on the agreement as it expands Isodiol’s reach while improving Liberty’s product offering. This agreement should prove to add value to both companies and we will monitor the impact it has.
5. The Green Organic Dutchman Holdings Ltd. (TGOD.TO) (TGODF) traded higher after announcing the entrance into an exclusive agreement with Stillwater Brands to license RIPPLE SC (Soluble Cannabinoids) ingredient technology, and other proprietary beverage and food technologies and formulations related to cannabinoid-infused consumer packaged goods including micro-dose and full-dose tea sticks within Canada and certain international jurisdictions outside of the USA. TGOD has made several significant additions to the management team and we are favorable on the continued execution.
6. Reliq Health Technologies Inc. (RHT.V) (RQHTF) bounced higher after signing a master services agreement with CareOneTeam of Rockhill, South Carolina to allow the company to offer clients implementation support services and increase the pace of patient onboarding going forward.  These services represent a new revenue stream and add significant value for Reliq’s customers. Reliq will be hosting a conference call today and you can learn more here.

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