Videos Archives - Green Market Report

Video StaffVideo StaffNovember 2, 2018

3min5492

Curaleaf began trading on the Canadian Securities Exchange on October 29 with the symbol CURA. The stock fell almost 20% on the first day of trading but quickly began to rebound. The company had an initial valuation of $4 billion.

The New York Stock Exchange listed Aphria Inc. and then delisted India Globalization Corp. Aphria stock will begin trading on the NYSE on November 2, while IGC shares have been suspended immediately. Diego Pellicer did a 20 to 1 reverse split and received a temporary stock symbol from the OTC Markets of DPWWD until November 30, when it will revert to DPPW.

Arizona is hot this week and not just temperature wise.

MedMen acquired Arizona-based Level Up in a cash and stock deal valued at $33 million. It includes licenses for 2 vertically integrated operations with retail stores in Scottsdale and Tempe. In addition, MedMen gets a 40% stake in K.I.N.D. concentrates and will get to put its locally made MedMen products in the Arizona stores.

Cresco Labs has acquired Arizona Facilities Supply for an undisclosed amount. It includes 2 cultivation facilities, a processing facility, and a dispensary.

Separately Sugarmade acquired the hydroponic supply company Sky Unlimited in a $40 million deal.

Lots of capital raises to go over.

Hydrofarm raised $55 million and said it is planning a 2019 IPO.

Tiger Global and Casa Verde combined to invest $50 million into seed-to-sale software company Metrc.

Wayland Group Raised $50 million, Indus Holding company raised $46 million. and Jane Technologies raised $6 million.

And finally, the Nevada Dispensary Association issued a report on the effect of legal cannabis sales to the economy. Currently, adult use cannabis sales account for 63% of all cannabis sales in the states, while medical sales make up the remaining 37%. Between 2018 and 2024, the state’s adult use cannabis industry is expected to generate an estimated $8 billion of economic activity.

Additionally, the industry is expected to support approximately 67,000 jobs in the same period. Cannabis regulations are also forecasted generate roughly $3.6 billion in direct, indirect, and induced labor income.

Direct spending in the cannabis industry is also projected during this period to have a multiplier effect of 1.63; which means that for every $1 spent on retail cannabis, another $0.63 will be generated throughout the state economy.


Debra BorchardtDebra BorchardtOctober 30, 2018

1min2140

The internet is taken for granted by most companies, but it poses challenges for cannabis companies. At the recent Green Market Summit in New York City, several cannabis executives discussed how they meet conquer these barriers and thrive. Vivien Azer of Cowen & Co., Sean Dollinger, Namaste Technologies CEO, Peter Gigante – Head of Policy Research at Eaze and Michael Arnkvarn COO at MPX Bioceuticals.


Video StaffVideo StaffOctober 8, 2018

4min8000

Eureka, California got its start in the gold rush and now the community is looking at the Green Rush for its latest return to prosperity. The little town in northern California got its start when gold mining was in its heyday and the protection of Humboldt Bay allowed for a safe place for boats to dock. After the gold rush died down, timber became the next path to riches. But then timber demand began to fall as well.

The remote mountains of Humboldt County proved to be a great place to grow cannabis and many residents found this to be a great way to earn a living. In the process, the country has earned a reputation for growing premium cannabis.

With legalization, the former black market cannabis farms that are tucked in the hills of Humboldt County near Eureka are coming out into the open and bringing new money and manufacturing to the area. It is estimated that there are 6,000 to 10,000 farms spread throughout the county. Some have been growing cannabis for decades and are trying to make the transition to legal status.

Papa & Barkley is one company that has brought jobs to the sleepy town. It is a company known for its healing balms and patches, which were originated by founder Adam Grossman. Grossman developed the first balm to help his father’s tremendous back pain and continued to give samples to friends. Then it became a passion project.

It has quickly grown from a handful of employees to over 100 jobs. The company keeps expanding its footprint in downtown Eureka to the delight of a youthful city council.

Due to Papa & Barkley’s commitment to a “clean” formula, the company was already stringently testing its products. This meant that it was able to meet the new stricter cannabis guidelines that went into effect in California on July 1. The California dispensaries have fewer products on the shelves than before July 1 because many companies’ weren’t able to pass the tests.

Papa & Barkley didn’t have that issue and is now enjoying a lack of competition as the company educates the consumers about its products. It doesn’t use solvents or add distillates. It doesn’t re-add terpenes and uses a whole plant infusion process. The company only buys its cannabis from the sun-grown farms in the Humboldt County region.

It even specifically sources its beeswax from beekeepers who don’t use pesticides that could keep the product from passing its tests. Chief Products Officer Guy Rocourt said that procuring clean beeswax has been one of the hardest parts to the production process.

While the company specializes in medical cannabis that comes in patches, balms, tinctures, and capsules, it is planning on expanding into other states with a hemp product called Essentials. These CBD products will be derived from hemp and will be available for sale in states without legalization.

 


Video StaffVideo StaffOctober 8, 2018

1min2700

The economics of banking in the cannabis industry is quite challenging. It’s also difficult to know what is really happening and to separate the fiction from the fact. Tahira Rematullah of MTech Acquisitions spoke with Tyler Beuerlein and Andre Herrera from Hypur Inc. along with Matt Karnes founder of GreenWave Advisors at the Green Market Summit on September 14, 2018.


Video StaffVideo StaffOctober 4, 2018

1min3210

At the recent Green Market Summit on September 14, 2018, a group of top cannabis industry professionals discussed The Economics of the Cannabis Consumer. David Dancer, Chief Marketing Officer at MedMen, Jeff Stein Managing Partner at Consumer Research Around Cannabis and Bethany Gomez Director of Research at Brightfield Group talked about which consumers were the most loyal cannabis consumers and what they bought.

Understanding who is using cannabis can help businesses gain a significant advantage over
competitors. According to a recent research study from DIG Insights, approximately 25% of
Americans have used cannabis in the past year. At present, the majority of current cannabis
users are men under the age of 40, with roughly 86% of all cannabis purchases nationwide
being illegal purchases. Read more in the Economics of Cannabis Consumers report.


Video StaffVideo StaffOctober 1, 2018

1min1560

The Green Market Report hosted its first conference the Green Market Summit on September 14, 2018, at One World Trade Center in New York City. The highlight was a keynote interview between TheStreet’s founder Jim Cramer and The Green Organic Dutchman (TGODF) CEO Brian Athaide. Famed trader Danny Moses is featured as well as some of the top cannabis companies in the industry.


Video StaffVideo StaffSeptember 28, 2018

4min7390

Marijuana Money is taped on Thursday in order to produce the video for Friday morning. After the video had been taped, the DEA rescheduled the GW Pharmaceutical drug Epidiolex to a schedule five drug.

Schedule five drugs are considered to have a low level of abuse and include substances like Robitussin cough syrup or Lomotil diarrhea medicine. The order made it clear that other cannabis products would remain in the schedule 1 category. The statement said, “As further indicated, any material, compound, mixture, or preparation other than Epidiolex that falls within the CSA definition of marijuana set forth in 21 U.S.C. 802(16), including any non-FDA-approved CBD extract that falls within such definition, remains a schedule I controlled substance under the CSA.”

There will be more new publicly traded cannabis companies. At the end of last week, Acreage Holdings announced a reverse takeover of Applied Inventions Management Corp. The stock is expected to list on the Canadian Securities Exchange.

The Flowr Corporation began trading this week on the Toronto Venture Exchange under the symbol FLWR.

Lots of bought deals and private placements to report.

Green Thumb Industries announced a $65 million deal that got supersized to $88 million and if the next option gets picked up, it could get upgraded to $101 million.

Separately, Supreme Cannabis Company Inc. (FIRE)  entered into an agreement with a group of underwriters, led by GMP Securities and BMO Capital Markets, on a bought deal basis to purchase C$90 million of convertible debentures, at a price of $1,000 per debenture.

Namaste inked a $45 million deal.

A lot happened in cannabis media this week.

High Times is acquiring Dope Media in a cash and stock deal valued at $11.2 million. The company said there would be no personnel changes at this time. High Times has made several acquisitions over the past year as it has attempted to become a publicly traded company. It acquired Culture and Green Rush Daily, but the Green Rush Daily founder Scott McGovern only lasted a year at High Times.

Speaking of getting let go, Leafly has ousted its CEO of one year Chris Jeffrey over what the company cited as “concerns about management of the company.”

Aurora Cannabis reported its earnings delivering a 223% increase in revenue for Q4 and revenue of C$55 million for the year, a big improvement over the previous year’s C$18 million.

Khiron Life Sciences signed an MOU with Chile and received a speculative buy rating from Canaccord.



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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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