Review

Canada reported October cannabis sales of C$389 million, up 9.5% from a year ago and the slowest annual growth to date.

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

• 420 Investor Weekly Review 12/16/22

• 420 Investor Model Portfolio Composition 12/16/22

• Cannabis Sub-Sector Review - 12/16/22

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

• CRON announced that Altria relinquished the out-of-the-money warrant to take control of the company, a move that permitted Altria to take a big tax-loss ($483 million).
• CURLF opened its 55th Florida medical cannabis dispensary.
• CWBHF named a new CFO.
• TCNNF closed two debt securities, one for $71.5 million and the other for $18.9 million. It also announced a settlement with OSHA in Massachusetts.
• TRSSF reduced its debt by $35 million, paying down its Pennsylvania credit agreement.
• UGRO announced Good Lettuce Company in New Jersey as a new cannabis client.
• VRNOF opened its 62nd Florida medical cannabis dispensary.

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 posted a new all-time closing low of 9.55 on Thursday and a new intraday low of 9.40. It was slammed lower this week to 9.71, ending down 11.9% for the week. This was a lot worse than the 0.2% ...

Review

Illinois released its medical cannabis sales for November. The state saw total cannabis sales fall 0.8% from October but rise 4.2% from a year ago to $158.7 million. Michigan released its November cannabis sales, with the total gaining 33.2% ...

Review

The SAFE Banking measure was removed from inclusion in the National Defense Authorization Act. Connecticut announced the opening date for retail cannabis sales as January 10th.

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

• 420 ...

Review

President Biden signed the CBD research bill into law.

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

• 420 Investor Weekly Review 11/25/22

• 420 Investor Model Portfolio Composition 11/25/22

• Cannabis Sub-Sector Review - 11/25/22

• Preview of ...

Review

The FDA warned five companies that are illegally selling food and beverage products with CBD. New York issued 36 adult-use retail licenses and will delay the current 10 medical operators from opening adult-use stores. Canadian sales of cannabis were ...

Review

Michigan cannabis sales in October slipped sequentially by 1.2% but expanded by 28.1% from a year ago to $209.4 million.

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

• 420 Investor Weekly Review 11/11/22

• 420 Investor ...

Review

Two of the five states voting to legalize cannabis for adult-use, Maryland and Missouri, passed it, while three others, Arkansas, North Dakota and South Dakota, voted against doing so.

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Review

Illinois released both adult-use and medical cannabis data for October, with sales of $160 million, up 0.8% sequentially and 3.1% from a year ago. BDSA data for September suggested that sales remained weak in most markets.

I distributed this ...

Review

The big news for the industry this week was the announcement by Canopy Growth regarding its U.S. acquisitions, which opens the door potentially for MSOs to trade on the NASDAQ. Also, Germany appears to be moving forward with its ...

Review

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 ...

Review

Michigan cannabis sales expanded 2% sequentially in September to a record $212 million, up 31.4% from a year ago. Illinois added medical data for September to the previously released adult-use data, and that state saw sales rise 0.2% sequentially ...

Review

The big news this week was an unexpected move by President Biden regarding pardoning federal cannabis offenders and to seek rescheduling talks. BDSA data for August showed a small sequential decline across the 11 markets it covers in total. ...