The index, which rallied 22.1% in Q4 but still fell 30.1% in 2020, is down 8.6% over the past year :
It remains substantially below the all-time closing high of 1314.33 in September 2018, just ahead of Canadian legalization. In March, it posted a new 52-week closing low of 196.10, a level not seen since late 2016, and it closed 77.8% above that level at the end of January:
The Canadian Cannabis LP Index, which is rebalanced monthly, included 34 qualifying publicly traded licensed producers that traded in Canada at the end of December, with equal weighting for each stock. Each of the members was also included in a sub-index, with 4 in the Canadian Cannabis LP Tier 1 Index, 11 in the Canadian Cannabis LP Tier 2 Index and 19 in the Canadian Cannabis LP Tier 3 Index during the month. At the end of June, we revised the rules for inclusion, requiring companies to have a price of at least C$0.20 unless they are generating at least C$2.5 million quarterly from their cannabis production o
Next Green Reports Q4 Results And Corporate Appointments
Next Green Wave Holdings Inc. (CSE:NGW) (OTCQX:NXGWF) has generated approximately $4.7 million in revenue, compared to $3.6 million in the prior period and $150,000 in the corresponding quarter of 2019.
The Vancouver, British Columbia-based company posted an Adjusted positive EBITDA of $2.3 million versus a $2.15 million loss in the fourth quarter of last year.
Next Green s earnings report comes on the heels of the company s signing a supply and production deal with the California cannabis brand Cookies.
Some of the fourth quarter highlights include the company s intention to build out an indoor cultivation facility spanning 50,000 square feet adjacent to its 35,000 square foot facility in Coalinga, California.
TORONTO, Jan. 12, 2021 /PRNewswire/ -
Namaste Technologies Inc. ( Namaste or the Company ) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading platform for cannabis products, accessories, and education, is pleased to announce, subject to Exchange approval, entry into the USA via CannMart.com. The Company looks forward to leveraging its VendorLink technology in collaboration with DankStop. The Company also announced that Mr. Meni Morim, CEO will be presenting at the NobleCon17 investor conference on Wednesday, January 20
th at 3:45 p.m. EST, discussing this new opportunity and the Company s expansion.
As the regulatory landscape continues to improve in the USA and globally, Namaste has begun the exploration of entering the USA via CannMart.com leveraging its proprietary VendorLink platform. The Company, through an appropriate affiliate, intends to use this expansion as a beachhead into the USA increasing its total addressable market by commencing with the sale of acces
TORONTO, Jan. 7, 2021 /PRNewswire/ -
Namaste Technologies Inc. ( Namaste or the Company ) (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF), a leading platform for cannabis products, accessories, and education, is pleased to announce the launch of its 2.0 consumer-focused recreational house brand Roilty . Under the Roilty brand, Namaste s wholly owned subsidiary CannMart Inc. (
CannMart ) will launch new products such as live resin targeted to be available in February, followed by rosin, shatter, crumble and wax in successive quarters. Trademark for Roilty is pending approval.
Roilty:
The focus of the new brand Roilty is specifically focused around 2.0 products. With the recent acquisition of CannMart Labs Inc., Namaste now has the capability to develop high quality products that are in high demand at a lower price than competitors. Roilty will be positioned as a high-end, accessible mainstream brand