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Tilray makes its first investment in a US cannabis operator. MedMen was formerly the face of the US cannabis sector, before the stock imploded 95%. I analyze the terms of the deal, including the implied valuation of the equity stake. What does this mean for the rest of the US ...
Cresco Labs continues to dominate the wholesale branded cannabis space with Q2 revenues reaching $109 million. The MSO remains on pace for Q4 revenues to reach an annualized run rate topping $1 billion. The stock is exceptionally cheap at only 11.5x '22 EV/EBITDA targets. Fo...
I have to admit: When I took a look at the declining share prices of marijuana stocks earlier this week, and concluded investors in the cannabis sector might be getting worried about the implications of a new bill that would legalize psychedelic drugs in California -- I half thought...
Despite the current uncertainty over federal legalization of cannabis, BDSA, a Colorado-based research firm focused on the industry, expects U.S. cannabis sales to hit ~$41.3B in 2026, Reuters reports. Legal cannabis sales approached $17.6B in 2020, indicating ~45.5% YoY growth, and...
Ayr Wellness reported another strong quarter with Q2 revenues now topping $90 million. The MSO has now updated '22 guidance to revenues of $800 million and adjusted EBITDA of $300 million. The stock is exceptionally cheap at only 6.5x '22 adjusted EBITDA targets. For further...
Earlier this year, Senate Majority Leader Chuck Schumer, the New York Democrat, introduced draft legislation that could legalize marijuana at the federal level. Although that might be a best-case scenario for the industry, any kind of reform could be welcome news for multi-state operators (...
Julian Lin has a new cannabis focused marketplace service, Cannabis Growth Portfolio. We discuss his thoughts on EBITDA, ETFs using total return swaps to own US MSOs, rebalancing away from Canadian operators. Uplisting is the clearest catalyst for cannabis stocks. Tilray coming fo...
The cannabis stock outlook is shaped by two interesting forces. On the one hand, the long-term secular investment thesis – the story about legalization in the major economies and how that will spark the growth of a major industry-led by intrinsic demand freed from the unnatural barrier...
Alan Brochstein, a friend of the podcast and now a 3peat guest, is the founder of 420 Investor and New Cannabis Ventures. Thoughts on uplisting, the ETF MSOS, volume and valuation issues and confronting the California cannabis landscape. Why there's no winner take all in U.S. cann...
The companies with indirect exposure to marijuana, such as GrowGeneration (NASDAQ:GRWG) and Innovative Industrial Properties (NYSE:IIPR) are likely to benefit amid the ongoing uncertainty to federal legalization of cannabis, according to an opinion column on The Wall Street Journal. The ...
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Green Thumb Industries Inc Company Name:
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CHICAGO and VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) -- Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries, today...
2024-07-21 01:00:42 ET Best US Marijuana Stocks to Add to Your Watchlist This August The cannabis industry and marijuana stocks are burgeoning, attracting investors keen to tap into its growth potential. The sector has seen a remarkable expansion over recent years, driven by increas...
A recent scientific assessment of scholarly studies on human sexuality and cannabis has found that there is a complex link between sex and cannabis use. However, the general consensus is that cannabis tends to increase the frequency, enjoyment and desire for sex. The review, published in the ...