I hope they give bleary-eyed customers a heads-up before the pivot.
From Fortune:
Instead of tea pots, you may be able to buy pot tea at Second Cup’s Ontario locations starting in April 2019. The Canadian coffee chain said it’s considering converting some of its 130 locations from caffeinated beverages to retail marijuana outlets, according to The Globe and Mail. The company’s stock was up 30% in intraday trading, and closed Thursday up 10% for the week, but below some recent highs.Usually it's the stock promoters doing the pivot. Here's a post from May of '08, just one of many examples:
Second Cup signed an agreement with National Access Cannabis, which already operates medical marijuana clinics, to develop recreational pot stores. Second Pot will convert some of its existing locations, while National Access Cannabis has plans to open 50 to 70 stores under the Meta brand across British Columbia, Alberta, and Manitoba in 2018....MORE
Chameleons on the Pink Sheets
On April 22 I was rambling about Planktos and penny stock deals:
...A classic history would be a Vancouver "junior resource" company in 1979, after the collapse of the oil and gold markets became a solar deal in '81 , an Aloe Vera deal to the yuppies mid '80's, a biotech in '86 ("we're the next Amgen"or "A cure for AIDS"), then on to neutraceuticals or spas, Indian casinos, software, then the great "i", "e-" and ".com" gold rush. Someday I'll get around to checking if some lunatic scammer actually went with "e-iTrade.com".The next group of parasites were the "homeland security" companies, then land deals.
The "resource" scams never went away and became more prominent in 2002 after gold had moved off its $252 bear market low.
We're in the Green boom (happy Earth day by the way) now, who knows what's next....
Today in EuroInvestor:
...The recently re-named Homeland Security Network, Inc. (Pink Sheets:HYSN), doing business as Global Ecology Corporation (GEC) announced today that it has received their initial order from its soil remediation project in Juarez, Mexico. The total value of the purchase orders, involving several of the partnership’s soil-based products, is $2 million with delivery to begin this June....
