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ORHOF - Sunniva: Finally Cutting Losses On Canadian Assets
CannaRoyalty Corp
Sunniva (OTCQX:SNNVF) finally admitted its failure in Canada after it announced last week that it has ceased the entire Canadian campus operations and terminated its supply contract with Canopy (CGC). The stock plunged 18% the following day. While we have written on the company many times in the past, we think the latest development on the Canadian campus is an important lesson for existing investors as we think about its remaining California business. With the Canadian asset overhang out of the way, we think Sunniva's story is becoming clearer as not