Videos Archives - Green Market Report

Video StaffMay 20, 2022

1min2760

The cannabis brand and retail show MJ Unpacked came to New York this week. Green Market Report was at the conference and spoke to sponsors, brands, and attendees to get their reactions to the event. With New Jersey’s recent jump into adult-use sales and New York’s impending program, interest was high from brands wanting into the Northeast and potential retailers looking for brands.


Video StaffMay 20, 2022

4min3580

Bright Green is a cannabis company with no revenue that just began trading on the NASDAQ, despite the exchange’s insistence that it won’t list U.S. cannabis companies due to the product being federally illegal. Bright Green plans to produce cannabis for research purposes with the Drug Enforcement Agency‘s (DEA) blessing, which seems to be the reason why the NASDAQ has allowed the company to trade. It would be considered federally legal cannabis. But the DEA wouldn’t confirm the agreement. The stock was trading at $26 and moved beyond $30 a share.

Canopy Growth Corporation (TSX: WEED) (NASDAQ: CGC) is buying Lemurian, Inc. better known as Jetty Extracts, a California-based producer of high-quality cannabis extracts and pioneer of clean vape technology, contingent upon federal permissibility of THC in the U.S. or earlier at Canopy Growth’s election, up to 100% of the outstanding capital stock of Jetty.

Cresco Labs Inc. ( (OTCQX: CRLBF)  reported revenue fell from the fourth quarter’s $217 million to the first quarter’s $214 million. Cresco Labs did note that the revenue increased 20% over last year’s $178 million for the same time period. This also beat the Yahoo Finance average analyst estimate for sales of $213 million.

After several lackluster quarters, cannabis software company Akerna (Nasdaq: KERN) announced that it is evaluating strategic alternatives as the company. Akerna also reported that CFO John Fowle is leaving to pursue other interests and the Board has appointed Dean Ditto as Akerna’s interim CFO. Fowle recently said on the company’s earnings call, “The ability of the company to continue as a going concern is dependent on our ability to secure other sources of financing, reduce debt, and attain profitable operation.

Planet 13 Holdings Inc. (CSE: PLTH)(OTCQX: PLNHF) announced its financial results for the three-month period ended March 31, 2022, with revenues rising 8% to $25.7 million from last year’s $23.8 million. However, Planet 13’s revenue fell sequentially from the fourth quarter’s $29 million.

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF)  reported revenue fell sequentially by 11% to $123 million from $139 million in the fourth quarter. It was a 43% increase over last year’s revenue of $86 million for the same time period.

Auxly Cannabis Group Inc. (TSX: XLY) (OTCQX: CBWTF) reported net revenues rose 147% to $22.6 million versus $9.2 million during the same period in 2021. Revenues fell sequentially from the fourth quarter’s revenue of $29 million. Auxly admitted it had lower winter yields at Auxly Leamington and hardware and packaging shortages due to supply chain disruptions.

Next week, we’ll be reporting from Davos covering the psychedelic space.


Video StaffMay 20, 2022

1min2760

On April 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This successful sold-out event was the first in-person Summit for GMR since before the pandemic. We were thrilled at the response and can’t wait to host this again next year. GMR has always supported female-owned companies. This event brought together some of the most powerful women in the industry along with new entrants and canna-curious. There was diversity in race and age as well. All genders were welcome to a space that was warm and welcoming. Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.

 

Our next event will be a Tech Summit in San Francisco CA on September 14, 2022. Details to follow shortly. For information on sponsorship, please contact John Bollinger at johnbollinger@greenmarketreport.com.


Video StaffMay 18, 2022

1min5690

On April 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This panel was titled “Women Creating Cannabis Brands.” These savvy and accomplished women have created truly unique and original products and companies. Their products are unlike others in their categories. This panel explores what it takes to create a company and product that stands out in a sea of sameness. Panelists included Jill Ellsworth – Founder CEO Willow Industries, Brett Heyman – Founder Edie Parker, Jodi Scott CEO Green Goo & Good Goo, and moderated by Tori Chamberlain – WHDH News Producer Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.


Video StaffMay 17, 2022

1min3880

On April 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This panel was titled “Raising Capital” and addressed the challenges women face when raising money. From perfect balance sheets as female-owned companies struggle to raise capital that male-led companies don’t. This panel/presentation will give ways to overcome these issues. Panelists included Tahira Rehmatullah – CEO Commons, Daisy Mellet – Merida Capital Partners, Jen Drake – COO Ayr Wellness (OTC: AYRWF) and moderated by Chloe Aiello – Cheddar News.

Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.


Video StaffMay 16, 2022

1min4890

On April 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This panel was titled “Media and Cannabis.” Public Relations can make the difference for companies getting attention or fighting to be noticed. But PR is expensive and often the first line item to be cut when money gets tight. How can emerging companies afford PR? How can companies assess and pick the right PR company for them? What can you do on the cheap and when do you know it’s time to level up? How to make advertising decisions. this panel featured Gia Moron – Founder GVM Communications, Cynthia Salarizadeh – Founder Salar Media Group, Ann Donohoe – Managing Partner KCSA, Shawna MacGregor – Founder Maverick PR and was moderated by Elana Frankel – Founding Editor-in-Chief, Women and Weed Magazine Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.


Video StaffMay 13, 2022

1min6540

On April, 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This panel was titled “The Truth in Running a Dispensary” and featured a stellar lineup of successful women including Precious Osagie-Erese of Roll-Up Life, Wendy Bronfein – Co-Founder Curio Wellness, Penelope Nam-Stephen, Rebelle dispensary’s chief commercial officer and moderated by Green Market Report Executive Editor Debra Borchardt. Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.


Video StaffMay 13, 2022

3min5950

Earnings season is in full swing as companies begin to deliver the first quarter earnings. Across the board it was tough for hydroponic companies, while many of the cannabis producers seem to start the year strong. Some even teased that next quarter would begin the inclusion of New Jersey sales. 

One story we’ve been following for months got resolved. MedMen agreed to surrender its New York assets to Ascend Wellness. After a months-long nasty court battle, MedMen agreed to let go and while MedMen said it got $15 million more, Ascend’s purchase went from 86% of the property to 99% – so it didn’t really seem like they squeezed much more out of the deal. The interim MedMed CEO Michael Serruya is now the Chair and the company named Edward Record as the new CEO.

There were so many companies delivering numbers, that we’ll just high the high points here. 

Trulieve announced its first quarter revenue increased to $318.3 million from $193.8 million last year and 4% sequentially. The company also said it expects to report over a billion in cannabis sales in 2022. 
Both Curaleaf and Acreage Holdings reported that their sales declined sequentially from the fourth quarter. However both companies were able to begin adult-use sales in New Jersey in April and that is likely to turn things around quickly.

On the hydroponics side, Urban-gro, Hydrofarm and Agrify all reported earnings this week. Sales were either flat or just barely above last year for each company. However, they are all reiterating previous guidance and believe their market will recover by the end of the year.

On a positive note, Green Thumb Industries showed how it had navigated headwinds of falling prices and increasing costs. This company continues to deliver solid quarters and this was another. Revenue rose 25% year-over-year to $243 million.

Next week is the MJ Unpacked conference in New York. 

 


Video StaffMay 12, 2022

1min3450

On April, 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This panel was titled “Keeping It Legal” and featured a stellar lineup of successful women including Kristin Jordan Co-founder of Park-Jordan, Rochelle Boas of LeafLink, Nichole West of LB Atlantis and moderated by Longview Strategies Founder Ellie Seigel. Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.


Video StaffMay 11, 2022

1min5890

On April, 28, 2022, the Green Market Report hosted its first Women’s Summit in New York City. This panel was titled “Targeting Female Brands” and featured a stellar lineup of successful women including Cannaclusive Founder Mary Pryor, Humble Boom Founder Solanje Burnett, CMO of Trube Tokes Kymberly Byrnes and moderated by Politico’s Mona Zhang. Thank you for watching the Green Market Report! Be sure to subscribe to our channel and our newsletters.


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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