Capitalize On Cannabis Report - 04/09/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Illinois Cannabis Sales grew 12.5% compared to a year ago in March
  • The House passed the Medical Marijuana Research Act
  • 420 Investor model portfolios have returned -5.9% to -3.4% year-to-date, while the Global Cannabis Stock Index has lost 19.0%

Review

Illinois cannabis sales grew 14.6% sequentially in March to $163 million, which was up 12.5% from a year ago. BDSA data for February showed a lift from depressed January levels across all markets. The House passed similar legislation to the Senate’s recent medical cannabis research bill. The Medical Marijuana Research Act, H.R. 5657, passed 343-75.

During the week, I shared these insights with subscribers at 420 Investor:

  • Model Portfolio Composition 04/01/22
  • Cannabis Sub-Sector Review – 04/01/22
  • Previews of Upcoming Financial Reports for Tilray and Verano Holdings
  • Hifyre Q1 Canadian Retail Estimates
  • A First Look at Leafly
  • Previews for Upcoming Financial Reports from Organigram and Valens

Here are some of this week’s highlights for 420 Investor Focus List names:

  • CEAD announced that an existing customer purchased an air filtration system.
  • HBORF completed the acquisition of Loudpack and will change its name to StateHouse later in April.
  • TCNNF partnered with DeLisioso to become its exclusive producer, processor and retailer in Florida. It also opened an adult-use store in Massachusetts, its third in the state.
  • TLRY introduced its first edible in Quebec. The company’s Q3 revenue and adjusted EBITDA fell below expectations, with cannabis sales declining 6% sequentially. The 10-Q revealed that the company tapped its ATM aggressively from March into early April, raising $90 million gross proceeds.
  • TRSSF opened its third Cookies dispensary in Michigan.
  • VLNS closed its unit offering, which totaled C$32.3 million after ...
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Capitalize On Cannabis Report - 04/02/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • The House passed the MORE Act again
  • Ohio’s medical cannabis market continues to grow ...
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Capitalize On Cannabis Report - 04/02/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • The House passed the MORE Act again
  • Ohio’s medical cannabis market continues to grow ...
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Comments

Capitalize On Cannabis Report - 03/26/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • The Senate passed a cannabis bill, while the House prepares to vote on the ...
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Capitalize On Cannabis Report - 03/26/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • The Senate passed a cannabis bill, while the House prepares to vote on the ...
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Capitalize On Cannabis Report - 03/19/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Canadian Cannabis sales slipped in January from December levels, which were revised lower.
  • 420 ...
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Capitalize On Cannabis Report - 03/19/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Canadian Cannabis sales slipped in January from December levels, which were revised lower.
  • 420 ...
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Capitalize On Cannabis Report - 03/12/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Both Illinois and Michigan posted better year-over-year growth in cannabis sales in February than ...
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Capitalize On Cannabis Report - 03/12/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Both Illinois and Michigan posted better year-over-year growth in cannabis sales in February than ...
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Comments

Capitalize On Cannabis Report - 03/05/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Data from BDSA suggested cannabis sales were very sluggish across the U.S. in January ...
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Comments

Capitalize On Cannabis Report - 03/05/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Data from BDSA suggested cannabis sales were very sluggish across the U.S. in January ...
Read More
Comments

Capitalize On Cannabis Report - 02/26/22

Navigate the fast-moving cannabis sector with 420 Investor, a premium service that sends real-time alerts and explanations of the news below and much more.

Summary

  • Cannabis stocks were moved mainly by volatility in the stock market
  • 420 Investor model ...
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