The week's top financial stories for the cannabis industry.
The Weekly Stash
 
 
 
Debra Debra Borchardt
Editor-in-Chief
Green Market Report
With just a handful of companies reporting earnings this week, the season seems to be winding down. Many of the companies that reported so far struggled with sales falling from the fourth quarter. However, many also said that the second quarter had started on a strong note. This week, the focus will be on earnings from Jushi, Ayr Wellness, Verano and Canopy Growth. Also, check out out live blog from the Psychedelics House in Davos Switzerland as part of the World Economic Forum. While these “host” houses aren’t technically a part of the WEF, the fringe events are a big part of the Davos scene.
Last week we reported on the Bright Green listing on NASDAQ and we’ll be following up on that story with some additional reporting – so stay tuned!
 
 
 
Marijuana Money May 20, 2022
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...
 
 
NASDAQ Allows DEA Approved Cannabis Company To Trade
Bright Green (NASDAQ: BGXX) 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...
 
Willow
 
Cresco Labs Revenue Falls From Fourth Quarter
Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF)  released its financial results for the three months ended March 31, 2022, as revenue fell from the fourth quarter's $217 million to the first quarter's $214 million...
 
Gage - learn more
 
Akerna’s Losses Causes Company To Seek Alternatives
After several lackluster quarters, cannabis software company Akerna (Nasdaq: KERN) announced that it has hired JMP Securities to assist in evaluating strategic alternatives as the company and the board seeks to maximize stakeholder value...
 
Sierra Sage Herbs
 
Greenlane Sees Higher Costs, Lower Sales
Greenlane Holdings, Inc. (NASDAQ: GNLN) reported financial results for the first quarter ending March 31, 2022 as revenue increased 37% to $46.5 million versus last year's $34...
 
 
The Daily Hit
The Daily Hit: May 24, 2022
Green Market Report editor-in-chief Debra Borchardt blogs live from the Medical Psychedelics Series, at the World Economic Forum being held in Davos Switzerland...
 
The Daily Hit: May 23, 2022
Green Market Report editor-in-chief Debra Borchardt blogs live from the Medical Psychedelics Series, at the World Economic Forum being held in Davos Switzerland...
 
The Daily Hit: May 19, 2022
Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) now fully owns the Seaside, California store also known as Urbn Leaf. Harborside had initially purchased a 50% ownership in the dispensary, but with the new transaction, it will own all of the issued and outstanding securities of 680 Broadway Master, LLC which owns the Seaside Store, bringing the company’s interest in the Seaside Store to 100%...
 
The Daily Hit: May 18, 2022
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...
 
 
 
Earnings
 
5/23: After Market Closes 4Front Ventures (CSE: FFNT) (OTC: FFNTF)
05/25: Before Market Opens Jushi Holdings (CSE: JUSH) (OTC: JUSHF)
05/26:Before Market Opens Ayr Wellness (CSE: AYR.A) (OTC: AYRWF)
05/26: Before Market Opens The Green Organic Dutchman (CSE: TGOD) (OTC: TGODF)
05/26: Before Market Opens SLANG Worldwide (CNS: SLNG) (OTC: SLGWF)
05/26: After Market Closes POSaBIT (CSE: PBIT) (OTC: POSAF)
05/27: Before Market Opens Verano Holdings (CSE: VRNO) (OTC: VRNOF)
05/27: Before Market Opens Canopy Growth (TSX: WEED) (NASDAQ: CGC)
 
 
 
 
Events
 
06/1-3 O’Cannabiz , Toronto CA
06/3-4 Cannabis Lab, Miami FL
06/2-4 CWCB, NYC
06/11-12 NECANN, Burlington VT
06/17-18 NECANN, Chicago IL
06/17-18 Arizona Cannabis Expo, Phoenix
 
 
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