420 Investor Weekly Review 08/05/22

Review

Illinois adult-use cannabis sales lifted 7% sequentially to $135.7 million, up 6.% from a year earlier. Hifyre July data predicts that the month will be a record for sales in Canada, up 7% sequentially from June.

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

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

  • AYRWF introduced its LIT cannabis brand (premium flower) in Massachusetts.
  • CCHWF introduced a cannabis loyalty mobile app in 14 markets.
  • CGC named a former Aphria veteran as new Chief Legal Officer. It generated C$110.1 million revenue in fiscal Q1, but it had a massive loss due to a write-down.
  • GDNSF launched cannabis-infused gummies in Minnesota.
  • GNLN will conduct a 1-20 reverse-split on 8/9 to retain its NASDAQ listing.
  • GRWG reported a weaker-than-expected Q2, with revenue down 44% from a year ago to $71.1 million despite the M&A it has closed since then.
  • GTBIF reported a solid quarter ahead of expectations with revenue increasing 5% sequentially to $254.3 million in Q2.
  • HYFM pre-announced Q2 substantially lower than what was expected and reduced its outlook for 2022.
  • IIPR reported Q2 revenue at a record of $70.5 million, up 44%. AFFO per share was up $2.14, up 30%.
  • PLNHF announced a purchase option for an Illinois dispensary for the 51% owned by Frank Cowan.
  • SMG experienced a weak fiscal Q3 for revenue and updated its FY22 outlook for EPS of $4.00-4.20.
  • TCNNF opened a Trulieve dispensary in Arizona, its first there. It also opened another in Florida.
  • TLRY named Southern Glazer's as its CBD beverage distributor in the U.S. It also announced a deal with the ...
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420 Investor Weekly Review 07/29/22

Review

The House passed a medical cannabis research bill that may be also approved by the Senate.

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

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420 Investor Weekly Review 07/22/22

Review

StatsCan released data that indicated Canadian sales of cannabis in May set a record of C$375.8 million, up a little sequentially and about 20% from a year ago.

I distributed this written material to 420 Investor subscribers during the ...

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Weekly Review 07/15/22

Review

After a big down-day on Monday, the market popped on news Thursday that the Senate will be voting on the Cannabis Administration and Opportunity Act. Michigan grew 26% from a year ago and 0.5% from May in June to ...

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Capitalize On Cannabis Report - 04/15/22

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

  • New Jersey approved more conditional adult-use licenses and also awarded conditional licenses to the ...
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Capitalize On Cannabis Report - 04/15/22

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

  • New Jersey approved more conditional adult-use licenses and also awarded conditional licenses to the ...
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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 ...
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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 ...
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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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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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Comments