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 7 existing operators.
  • Michigan cannabis sales expanded just 5% from a year ago during March.
  • 420 Investor model portfolios have returned -7.3% to -8.8% year-to-date, while the Global Cannabis Stock Index has lost 21.8%

Review

New Jersey approved 34 conditional licenses for adult-use manufacturing and cultivation and gave the green light to 7 medical cannabis providers to soon begin providing adult-use sales. Michigan cannabis sales grew 5% from a year ago to $153.2 million in March.

During the week, I shared these insights with subscribers at 420 Investor:

  • Model Portfolio Composition 04/08/22
  • Cannabis Sub-Sector Review – 04/08/22

Here are some of this week’s highlights for 420 Investor Focus List names:

  • AAWH received conditional approval for adult-use sales in New Jersey.
  • CCHWF received conditional approval for adult-use sales in New Jersey. It rebranded its Chicago dispensary to Cannabist.
  • CRLBF introduced premium brand FloraCal Farms in Illinois.
  • CURLF received conditional approval for adult-use sales in New Jersey. It signed a CBD distribution agreement with WB Canna to expand its sales to the Caribbean market.
  • FFLWF expanded its distribution services to Manitoba.
  • GNLN announced that a new director is replacing KushCo co-founder Dallas Imbimbo, and it named a new Chief Accounting Officer.
  • GTBIF opened its sixth Minnesota medical cannabis dispensary. It received conditional approval for adult-use sales in New Jersey.
  • OGI met revenue expectations and exceeded the estimates for profitability, reporting 5% sequential growth to C$31.8 million revenue and adjusted EBITDA of C$1.6 million.
  • PLNHF began an expansion project to add 22K sq. ft. of cultivation in Nevada.
  • TLRY will be moving ...
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Comments

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 ...
Read More
Comments

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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Comments

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 ...
Read More
Comments

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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Comments

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 ...
Read More
Comments

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

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

Capitalize On Cannabis Report - 03/19/22

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

  • Canadian Cannabis sales slipped in January from December levels, which were revised lower.
  • 420 ...
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Comments

Capitalize On Cannabis Report - 03/19/22

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

  • Canadian Cannabis sales slipped in January from December levels, which were revised lower.
  • 420 ...
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Comments

Capitalize On Cannabis Report - 03/12/22

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

  • Both Illinois and Michigan posted better year-over-year growth in cannabis sales in February than ...
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Comments

Capitalize On Cannabis Report - 03/12/22

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

  • Both Illinois and Michigan posted better year-over-year growth in cannabis sales in February than ...
Read More
Comments