Against mounting public outrage in Ontario about migrant workers’ COVID deaths, activists circulated a video purporting to show poor housing conditions for temporary foreign farm workers at a bunkhouse operated by Aphria partner Double Diamond Farms.
The Star, CBC Windsor
- The two operate Aphria Diamond on a 51%/49% ownership basis.
Twitter–@HamzahKingKhan - Investors defended Aphria, saying the facility in the video was not connected to the company.
Twitter–@MDeCicco_, The Deep Dive
Jason Longden, former CEO of struggling Pasha Brands–now the BC Craft Supply Company–was compensated a total $1,017,506 for six months of work last year. President, director, and executive chairman Patrick Brauckmann received $737,656 in compensation in 2019.
The Straight
- Pasha lost $4.65M in the first quarter of 2020, with net revenues of $15,052, and employees went reportedly unpaid “for months.”
Twitter–@CosmicBlend
Financial analyst Aaron Salz warned capital remains scarce for cannabis companies, especially for startups and private companies, and those who can get it pay a premium.
Twitter–@StoicAdvisory
Namaste Technologies CEO Meni Morim resigned as a director of Calgary choclatier Choklat, of which Namaste owns 49%. Morim’s resignation was due to “disagreements between [him] and the management of Choklat.”
Newswire
Former Aurora CEO Terry Booth sold more than 60% (114,000) of his Aurora shares for $2,013,468.
Twitter–@BettingBruiser
Organigram announced–as expected–-it would change the name of its Trailer Park Boys REC brand Trailer Park Buds, which likely violated Cannabis Act prohibitions against celebrity endorsements.
Business of Cannabis, Twitter–@bofc_canada, @ChadFinkelstein