420 Investor Weekly Review 10/21/22

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 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.

There were comments in over 100 discussions in the Forum. Don't miss out on this most informative part of 420 Investor! Not familiar with the the Forum? This video will help! This is a great way to track your favorite tickers, even those not on the Focus List, and to get your questions answered quickly.

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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