420 Investor Weekly Review 12/02/22


President Biden signed the CBD research bill into law.

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 began adult-use sales in its Somerville, Massachusetts store. All three of its New Jersey stores have been rebranded as Ayr.
  • CEAD unit Surna won another contract for HVACD equipment in Massachusetts for $1.7 million.
  • GNLN announced a strategic partnership in Canada with a division of House of Horvath.
  • OGI beat expectations as it posted Q4 revenue of C$45.5 million and adjusted EBITDA of C$3.2 million.
  • SBIG announced a cost reduction plan that will include a 23% reduction in headcount.
  • TCNNF opened another medical dispensary in Florida.
  • TLLTF announced that it will be introducing a product from the Shinnecock Nation in Massachusetts.
  • TRSSF paid down $30 million of its Michigan debt. It opened its 4th Cookies store in that state too.

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 110 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 far above its all-time closing low of 11.26 from 9/30. It exploded higher to 14.80 this Friday, ending up 10.7% this week. This was a lot better than the 1.1% gain in the S&P 500, which is down slightly in December. The cannabis index has rallied 8.3% in December, and it has rallied 31.4% thus far in Q4. This is more than the 13.5% return in the S&P 500.

Posted to Benzinga PotProfits on Dec 02, 2022 — 4:12 PM
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