World
Small Caps are Fueling the Growth of the Cannabis Industry

Investors should watch out for these three cannabis stocks in the coming weeks, for better or worse. CannTrust Holdings (TSX:TRST) might get delisted from the Toronto Stock Exchange and OrganiGram Holdings (NASDAQ:OGI) is trying a bounce back with some positive results. Meanwhile, in the US, Veritas Farms Inc. (OTC:VFRM) posted an impressive growth in quarterly results.
CannTrust might be delisted from the Toronto Stock Exchange
The Toronto Stock Exchange has formally informed CannTrust Holdings Inc. (TSX:TRST) that it is currently reviewing the company’s eligibility to list its common shares due to its failure to file audited financial statements as of December 31, 2018. That includes the interim financial statements for the first, second and third quarters of 2019.
The Toronto Stock Exchange notice is a warning, stating: “If the Company is unable to remedy these defaults by March 25, 2020, the Company’s securities will be delisted 30 days after that date.”
In August, CannTrust issued a statement following Health Canada’s decision to suspend its crop licenses, indicating that it would review and possibly publish updates on previous disclosures. This has not yet been done.
Health Canada had suspended CannTrust’s licenses following the discovery that the company had been growing unlicensed cannabis at its facilities in Ontario. The situation has resulted in a cascade of consequences, including the replacement of the CEO, the suspension of its sales and product processing license, class action lawsuits and an order to destroy more than $56.4 million (CA$75 million) worth of inventory. Since April, the company’s stock has lost more than 90% of its value.
OrganiGram Holdings scores points on its own scale
This Canadian cannabis grower is slowly gaining ground on a small scale. In a sector flooded with bad news, OrganiGram Holdings Inc (NASDAQ:OGI) is trying to balance itself with a little good news.
The New Brunswick-based cannabis producer can boast of having “one of the lowest crop costs per gram” compared to other producers. That’s not an easy task, at a time when large cannabis companies are struggling with their production costs in a market in which prices are falling due to oversupply.
However, that turned out to be only a consolation prize when OrganiGram released its latest results last week. The figures showed a net loss of $16.9 million (CA$22.5 million), while net income for the quarter ending August 31 was $12.3 million (CA$16.3 million), a significant increase from the same quarter last year, when the figure was only $2.4 million (CA$3.2 million). However, last quarter’s revenues decreased from the $18.7 million (CA$24.8 million) earned in the previous three-month period.
Despite the loss, the company offered revenue improvement forecasts and presented its plans for so-called 2.0 cannabis products, which will be released in the coming months.
OrganiGram has indicated that it intends to launch spray pens in December, cannabis-infused chocolates in the first three months of 2020 and cannabis powder drinks in the second quarter of 2020.
In addition to the results, Raymond James’ analyst Rahul Sarugaser reportedly stated in a research note that the company is “very well positioned to survive the upcoming industry turbulence and become a leader in the sector”.
Veritas Farms Inc. – A cannabis stock with huge growth potential
In Canada the cannabis industry is held back by negative financial results experienced by the majority of companies listed on the Toronto Stock Exchange. However, in the US the cannabis sector is still on the rise, with some small caps positioning themselves at the forefront, thanks to their impressive revenue growth. The most representative example in this regard is Veritas Farms Inc. (OTC:VFRM), a producer and distributor of full-spectrum CBD products based in Lauderdale, Florida.
The company was founded in 2015 and owns a 140-acre industrial hemp farm and facility, located in Pueblo, Colorado. Since its foundation, Veritas experienced year-on-year growth, with the latest quarterly results continuing the upward trend.
Veritas Farms’ Q3 2019 operating results are impressive. The company managed to more than double sales compared to Q3 2018, and reached a new record. The cannabis producer’s total revenue increased by 165% to $1,215,810 compared to $459,329 in Q3 2018. Gross profits increased by as much as 468% to $495,058, compared to $87,187 in the similar period of 2018.
Veritas Farms’ hard-won success is driven by a strategic expansion of its retail network, new product releases, and a relentless focus on the quality of its CBD-based products. Veritas’ nine product categories are currently featured on the shelves of more than 4,800 brick-and-mortar stores, as well as in several online marketplaces.
The cannabis industry is fast-growing, fueled by increasingly friendly cannabis laws and by the rise of companies like Veritas Farms Inc. Veritas and other small caps offer transparency and high-quality CBD-based products. Thanks to these positive factors, the cannabis industry is set to become one of the most important economic sectors, not only in the US, but also on a global scale.
World
Turkish Textile Giant Sun Textile Solution Proposal for Drought

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.
Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.
The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.
CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!
In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.
The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.
R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!
Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.
OFFERING CUSTOM DESIGNS TO CUSTOMERS
Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.
With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.
Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.
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