420 Investor Weekly Review 10/21/22


Canadian cannabis sales in August rose 0.2% to C$393.7 million. This was up only 13% from a year ago, the slowest annual growth yet. A German plan to legalize for adult-use was leaked.

I distributed this written material to 420 Investor subscribers during the week:

Here are some of this week's highlights for Focus List names:

  • AAWH opened its first Pennsylvania dispensary.
  • ACB announced plans to expand its flower offering in Canada.
  • AYRWF introduced its portfolio of brands into the New Jersey market.
  • CEAD will be offering water treatment systems after partnering with Evoqua Water Technologies.
  • CGC introduced two Ace Valley brand cannabis infused gummies.
  • CRON named a new SVP, Head of Operations and the departure of former Supreme employee John Griese, who served in that role before leaving.
  • CRLBF opened a second dispensary in Pensacola, the 20th in Florida.
  • CURLF opened its 4th Maryland dispensary. Curaleaf International released data from a clinical study indicating CBD combined with a pain killer demonstrated significant pain improvement.
  • FFLWF raised C$16 million in capital from Couche-Tard, including C$11 million in debt and C$5 million in equity with warrants.
  • GNLN launched a new house brand, Groove, which aims to be high quality at a low price ancillary products.
  • GTBIF announced that it will open in 2023 10 RISE Express dispensaries within Circle K stores in Florida.

Please check the Focus List, (which has technical, fundamental and valuation ratings as well as a market-cap table). To help track market caps, we maintain tables for the Canadian LPs and the American cannabis operators and ancillary companies.

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Market Performance

The Global Cannabis Stock Index remained above its all-time closing low of 11.26 from 9/30. It rose to 12.21 this Friday, lifting 4.1% during the week. This was double the 2.0% gain in the S&P 500, which is down just a tiny amount in October. The index has climbed 8.4% this month-to-date, beating the 4.8% rally in the S&P 500.

Posted to Benzinga PotProfits on Oct 21, 2022 — 4:10 PM
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