SOL Global Archives

StaffJanuary 9, 2020

SOL Global Investments Corp.’s (CSE: SOL) (OTCPK: SOLCF) CannCure Investments Inc. will be going public through a reverse merger with Goldstream Minerals Inc. (NEX: GSX.H). The companies entered into a letter of intent dated January 8, 2020, outlining the proposed terms and conditions. Goldstream will buy a 100% interest in CannCure and then do a […]

Debra BorchardtDecember 2, 2019

SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) delivered its second-quarter results in Canadian dollars with a net loss of $51.3 million loss and no revenues only a loss of $57 million versus last year’s loss of $17 million for the same time period. The second quarter of 2018 also experienced a net income of […]

Debra BorchardtNovember 27, 2019

The bear market for the cannabis industry is leading to the unwinding of deals that had great promise. Cannabis companies are no longer willing to write big checks with fingers crossed that the market will just continue to boom. Two of these deals were terminated after great fanfare. Cresco Labs Cresco Labs (CSE:CL) (OTCQX:CRLBF) said […]

Debra BorchardtAugust 30, 2019

SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) reported a loss of $43.5 million for the first fiscal quarter versus a loss of $2.9 million for the same period in 2018. The loss came to 81 cents per share for the quarter. The company attributed the loss to a devaluation of cannabis stocks totaling $33.5 million […]

William SumnerAugust 8, 2019

It’s time for your Daily Hit of cannabis financial news for August 7, 2019. On the Site Cronos Group Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) reported financial results in Canadian dollars for the second quarter and first-half ending June 30, 2019, with net revenue climbing 202% to $10.2 million over last year’s $3.4 million. […]

Debra BorchardtAugust 8, 2019

SOL Global Investments (CSE:SOL)(OTCPK:SOLCF) is changing from an international cannabis investment company to a U.S. multi-state cannabis operator (MSO) under the Life Sciences category of the Canadian Securities Exchange. In addition to the business designation change, the company is also changing its name to Bluma Wellness. The company explained that “Bluma” is an ancient Hebrew word which […]

Debra BorchardtJuly 30, 2019

SOL Global Investments Corp. (CSE: SOL) (OTCPK: SOLCF) released its financial results for the year ending March 31, 2019 with net income of $94.9 million or $2.30 per diluted share. Most of the income was based on a September 2018 sale of its LATAM investment to Aphria. The fair market value of the transaction was $297 […]

Debra BorchardtJuly 29, 2019

It’s time for your Daily Hit of cannabis financial news for July 29, 2019. On The Site Nextleaf Solutions Extraction technology company Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) said that its common shares will begin trading today on the OTCQB Market. Nextleaf will trade on the OTCQB under the symbol “OILFF” and the company’s […]

William SumnerJuly 17, 2019

It’s time for your Daily Hit of cannabis financial news for July 17, 2019. On the Site Supreme Cannabis The Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) plans to acquire all of the shares of privately-held Toronto-based Truverra Inc. in a deal valued at $20 million. Truverra is known for its wholly-owned […]

Debra BorchardtJuly 17, 2019

SOL Global Investments Corp. (CSE:SOL) (OTCPK:SOLCF) ) has invested $6.5 million in its portfolio company CannCure Investments Inc. The move is intended to fuel the growth of its position throughout the cannabis markets of Florida, Michigan, and California. “SOL’s $6.5 million investment into CannCure is to continue strengthening our foundation and positioning the company as […]

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Tag: SOL Global

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