2 U.S. Cannabis Darlings That Are Falling Apart At the Seams

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2 U.S. Cannabis Darlings That Are Falling Apart At the Seams The US cannabis industry is reaching an inflection point and is one of the fastest growing markets in the world. There are several leading US cannabis operators that are generating more than $100 million of revenue per quarter and have been guiding higher for future quarters. One of the main growth drivers for US cannabis companies has been the opening of new markets (recreational and medical). Over the next year, we expect to see additional states legalize recreational cannabis and see new states legalize medical cannabis. The November general election is expected to be a catalyst for the US cannabis industry and we are favorable on the tailwinds that could be

Disciplinary action taken over unsafe electrical work

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Disciplinary action taken over unsafe electrical work Action has been taken by the Electrical Licensing Committee against six electrical licence holders in May and June 2020. According to an alert from the Queensland Electrical Safety Office, a number of licences were suspended and fines handed down for unsafe practices. In one instance, an electrical worker failed to identify electrical risks and implement safe systems of work when he installed a new main switchboard and submains. The submains were connected with incorrect polarity, resulting in the earthing system becoming live. The property manager and worker received shocks because the worker didn’t complete all mandatory tests, so the reverse polarity wasn’t identified. The worker’s licence was suspended for six months and he must complete competency units prior

4Front Continues Expansion in Massachusetts

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4Front Continues Expansion in MassachusettsMission dispensary celebrated the grand reopening of its Chicago store on July 31, two months after it was ransacked by dozens of people in just one of several incidents across the country of looters targeting cannabis businesses amid nationwide protests over the police killing of George Floyd.RELATED: UPDATED: Cannabis Businesses Targeted in Looting and RobberiesKris Krane, president and co-founder of Mission’s parent company 4Front Ventures, told Cannabis Business Times in June that it appeared to be a planned attack, as security footage captured several cars pulling up to the store at one time. Thirty to 40 people used crowbars and baseball bats to smash windows and doors to break into the South Chicago dispensary, Krane said.In

ManifestSeven Reports Second Quarter 2020 Financial Results

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ManifestSeven Reports Second Quarter 2020 Financial Results ManifestSeven, California’s first integrated omnichannel platform for legal cannabis, today announced its financial results for the second quarter ended May 31, 2020. The results follow the Company’s receipt last month of conditional approval for the listing of its common shares on the Canadian Securities Exchange (“CSE”). All financial information in this press release is provided in U.S. dollars unless otherwise indicated. Financial Highlights: Revenue increased 116% year-over-year and 23% sequentially to $5.0 million. Gross profit increased 216% year-over-year and 40% sequentially to $1.8 million. Gross margin was 35.1% of revenue, up from 24.0% of revenue for the second quarter ended May 31, 2019, and 30.8% of revenue for the first quarter ended February 29, 2020. Net loss decreased 64%

Maximising efficiency for the future power grid

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Maximising efficiency for the future power grid With the rapid uptake of renewables and alternative means of power, there has been a push to design a more effective power grid. Australia has more than two million installed rooftop solar panel systems, making up nearly one-quarter of the capacity of the overall electricity grid, and in some areas, local take-up of solar panels is well above 40% of all customer premises. The increasing adoption of distributed energy resources (DERs), such as rooftop solar panels, is changing power grids from a centralised system, served by large-scale generators and transmission networks, to a more local and decentralised system. Consequently, an energy exchange framework designed to better manage DERs has recently been developed by researchers at Monash University. In

Emerald Health Therapeutics and Quinto Resources Enter into Share Purchase Agreement for Sale of Quebec Cannabis Business

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Emerald Health Therapeutics and Quinto Resources Enter into Share Purchase Agreement for Sale of Quebec Cannabis BusinessEmerald Health Therapeutics, Inc. (TSXV: EMH)  (“Emerald”) and Quinto Resources Inc. (“Quinto”) (TSXV: QIT) today announced that they have entered into a share purchase agreement dated July 30, 2020 (the “Agreement”) in respect of the sale of Emerald’s wholly-owned subsidiaries, Verdélite Sciences, Inc. (“Verdélite Sciences”) and Verdélite Property Holdings, Inc. (“Verdélite Property” and, together with Verdélite Sciences, the “Subsidiaries”). The Subsidiaries together own and operate a premium 88,000 square foot craft cannabis production indoor facility (the “Facility”) in St. Eustache, Québec. Pursuant to the Agreement, Quinto will purchase all of the issued and outstanding shares of the Subsidiaries in consideration for a cash purchase price

Why CLKA Embodies a New Theme in this Bull Market

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Why CLKA Embodies a New Theme in this Bull MarketUncomfortable facts are still facts. You don’t necessarily want to think about them, but they are still true. And, to be a responsible investor, you have to look at the world with a computational self-honesty. A good example of this is the number of millionaires and billionaires in the world. Even as we wallow in a pandemic recession, the number of super-rich people grows and grows. According to recent economic research, the rich are likely to get much richer from the current turmoil because balance sheets are everything: If you don’t have enough capital to maintain your capital structure for any organization, you may have to let it go to someone who has the

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