|Bid||1.20 x 0|
|Ask||1.23 x 0|
|Day's Range||1.1900 - 1.2500|
|52 Week Range||0.8000 - 2.0900|
|Beta (3Y Monthly)||17.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER, Jan. 23, 2019 /CNW/ - Hempco Food and Fiber Inc. (TSX.V:HEMP.V - News) ("Hempco®" or the "Company") is pleased to announce Q1 2019 results for the period ending November 30, 2018. Revenue growth was due to execution of the Company's recently announced 5-Prong strategy, including entering into new international markets (e.g New Zealand), and the development of new distribution channels (the Company added distributors in Ontario and Quebec). The successful execution of these initiatives more than offset a fall in U.S. bulk sales, attributable to transition of a major distributor due to new ownership. While bulk sales continued to be the largest contributor to revenue, at 76% of sales for the quarter, the Company's premium consumer packaged goods ("CPG") brands, PLANET HEMP™ for consumers and PRAISE for the animal food supplement market, showed strong momentum and now account for 24% of revenues in the quarter, up from the 21% for fiscal 2018.
VANCOUVER, Jan. 18, 2019 /CNW/ - Hempco Food and Fiber Inc. (TSX.V:HEMP.V - News) ("Hempco®" or the "Company") is pleased to announce it has completed an agreement with Aurora Cannabis Inc. ("Aurora") for a non-brokered, private placement of a C$5 million non-transferable, secured, convertible debenture. The debenture will mature on the second anniversary of the date of issue. Aurora will have the right to convert the principal balance into common shares of Hempco (each, a "Hempco Share") at a conversion price of $1.18 per Hempco Share. At Aurora's election, it may also convert the simple interest into Hempco Shares at a conversion price equal to the market price for Hempco Shares in effect on the date of the notice of conversion.
The Company will issue US$300.0 million aggregate principal amount of notes, or US$345.0 million aggregate principal amount if the initial purchasers' over-allotment option is exercised in full. Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth.
VANCOUVER, Jan. 17, 2019 /CNW/ - Hempco Food and Fiber Inc. (the 'Company" or "Hempco") (TSX-V:HEMP.V - News) is encouraged by Health Canada's proposed changes to the upcoming Canada Food Guide to be released later this year. As part of its multi-year Healthy Eating Strategy, Health Canada's latest Food Guide provides practical, nutritious eating recommendations based on best evidence, to help Canadians make sound food choices.
Aurora also intends to grant to the initial purchasers of the notes an option to purchase up to an additional US$37.5 million aggregate principal amount of notes. Aurora expects to use the net proceeds from the offering of the notes to support its Canadian and international expansion initiatives, for future acquisitions and for general corporate purposes, including working capital requirements to continue the Company's accelerated growth. The final terms of the notes will be determined by Aurora and the initial purchasers.
A Company with an Iconic Brand, Offering Organic Certified Cannabis and Organic Certified Cannabis Derivatives TSX: ACB | NYSE: ACB EDMONTON , Jan. 14, 2019 /CNW/ - Aurora Cannabis Inc. ("Aurora" ...
WKN: A1C4WM) today provided an expected revenue range for the second quarter of the Company's Fiscal 2019 ("Q2 2019"), the period ended December 31, 2018. Based on preliminary (unaudited) results, the Company anticipates revenues for Q2 2019 of between $50 million and $55 million (net of excise taxes), compared to $11.7 million for the same quarter in the prior year, and compared to $29.7 million for the previous quarter ended September 30, 2018 ("Q1 2019"). The results reflect an anticipated revenue growth rate in excess of 327% compared to Q2 2018 and in excess of 68% compared to Q1 2019.
VANCOUVER, Jan. 7, 2019 /CNW/ - Hempco Food and Fiber Inc. (the 'Company" or "Hempco") (TSX-V:HEMP.V - News) recognizes the historic industry opportunity brought about by the signing of the 2018 U.S. Farm Bill. The newly minted Agriculture Improvement Act of 2018, commonly referred to as the 2018 U.S. Farm Bill, enacted December 20, 2018, and effective January 1, 2019, removes the long-held stigma and ambiguity surrounding the U.S. hemp industry. Changes to the U.S. Farm Bill included removing hemp from the Controlled Substances Act, which means it is no longer an illegal substance under federal law.
VANCOUVER, Dec. 21, 2018 /CNW/ - Hempco Food and Fiber Inc. ("Hempco" of the "Company") (TSX-V:HEMP.V - News) today announced its results for fiscal year 2018, ended August 31, 2018. Revenues: In the 4th quarter, revenues continued to reflect the Company's exit from the negative margin Korean market. In addition, revenues were affected short-term by quality issues at the Company's Manitoba processing facility and the transition of a US client.
Participating in a Rapidly Growing Cannabis and Lifestyle Accessories Retailer TSX | NYSE: ACB EDMONTON , Dec. 13, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or "the Company") (NYSE: ...
/THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES ...
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VANCOUVER, Dec. 10, 2018 /CNW/ - Hempco Food and Fiber Inc. (the "Company" or "Hempco") (TSX-V:HEMP.V - News) announced today its strategic plan to accelerate growth and support the Canadian hemp industry. As one of the largest hemp-based food producers in Canada, Hempco will focus on sustaining and growing the Canadian hemp industry. To this end, the Company has and continues to develop new sales channels, including new market penetration in New Zealand, new distributor listings for Planet Hemp Superfood and expansion of the Praise brand into over 200 retail locations across Canada.
WKN: A1C4WM) announced today that, further to the Company's press release dated December 7, 2018, the Company has entered into a Letter of Intent to acquire all of the issued and outstanding shares of Farmacias Magistrales S.A. ("Farmacias"), subject to customary due diligence provisions, the completion of definitive agreements, and regulatory and government approval. As previously announced, Farmacias recently became Mexico's first and only federally licensed importer to date of raw materials containing THC, gaining the necessary licenses, facilities, and permissions to import raw THC material, and manufacture, store, and distribute medical cannabis products containing over 1% THC.
Farmacias is Sole Recipient of Federal License to Import, Formulate, Store and Sell Medical Cannabis Containing THC TSX | NYSE: ACB EDMONTON , Dec. 7, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" ...
Receives Import and Export licenses and Commences Shipment to Luxembourg Market TSX | NYSE: ACB EDMONTON , Dec. 6, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NYSE: ...
All Items of Business Approved TSX | NYSE: ACB EDMONTON , Dec. 4, 2018 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora" or the "Issuer") (NYSE: ACB) (TSX: ACB) (Frankfurt ...
TSX | NYSE: ACB EDMONTON , Dec. 3, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NYSE: ACB) (TSX: ACB) (Frankfurt : 21P; WKN: A1C4WM) announced today that, further ...
WKN: A1C4WM) announced today that the company, through a selling broker, has completed the sale in the open market of the Australis Capital Inc. ("Australis") units on behalf of non-resident shareholders. Payment of the net cash proceeds from the sales of Australis units to the non-resident shareholders of record as of August 24, 2018 was completed by the custodian on November 27, 2018. In total, 11,222,349 units of Australis were sold in the public markets.
International Expansion Extends to 21 Countries TSX | NYSE: ACB EDMONTON , Nov. 27, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NYSE:ACB) (TSX: ACB) (Frankfurt ...
WKN: A1C4WM) and ICC Labs Inc. (TSX-V:ICC.V - News) ("ICC") are pleased to announce today the completion of the previously announced plan of arrangement (the "Arrangement") pursuant to which Aurora has acquired all of the issued and outstanding common shares of ICC for $1.95 per share (payable in common shares of Aurora (the "Aurora Shares")), reflecting an aggregate purchase price of approximately $290 million. ICC is now a wholly-owned subsidiary of Aurora.
WKN: A1C4WM) is pleased to announce the appointment of Dr. Jonathan Page, PhD as the Company's Chief Science Officer. In this new role, Dr. Page will oversee all science-related projects at the Company.
This Order from Aurora is for a customized line of smoking accessories across multiple categories including bubblers, grinders, hand pipes, hemp wicks, sherlocks, vaporizers and water pipes. High Tide has commenced the process of converting its proprietary designs into manufactured products for its new client.
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