The Weekly Stash
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Debra Debra Borchardt
Editor-in-Chief
Green Market Report
Earnings season is just getting underway, and it essentially is giving the hard data to back up the claims that the cannabis industry is struggling. When Scott’s Miracle-Gro’s CEO calls the industry a “bloodbath,” well you know things aren’t good. Throw in the quiet bomb that was the earnings report from MedMen, and you see large businesses aren’t immune from the industry headwinds. Like the apocalyptic show Last of Us, the end of 2023 will be a collection of those who managed to stay alive and in business.
 
MedMen on the Brink of Collapse
MedMen (OTC: MMNFF) is at the edge of capitulation after new financial statements on Thursday show the once-mighty MSO may not be able crawl out of the hole of debt it dug for itself...
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Scott’s CEO: Cannabis Market a ‘Bloodbath’
Despite steep sales declines in its Hawthorne segment, which includes cannabis, the CEO of Scott's Miracle-Gro (NYSE: SMG), Jim Hagedorn, said he still believes in the growth of the cannabis sector...
 
RIV Capital CEO Says New York Market Still Fits Company Strategy
RIV Capital (CSE: RIV) (OTC: CNPOF) CEO Mark Sims says he's still plenty optimistic about the company's outlook in New York state, despite controversy swirling around its acquisition of Etain last month and a push by some of the company shareholders to replace him and several other board members...
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Washington D.C. Mayor Signs Massive Medical Marijuana Overhaul Bill
The capital city of the United States is about to become a recreational marijuana market, at least in spirit even if not by the letter of the law. Washington D...
 
Missouri’s Recreational Market Begins to Take Shape
Adult-use cannabis sales will be allowed to start on Monday in Missouri, led by medical marijuana operators that receive approval from the state by then...
The Daily Hit
Daily Hit: February 2, 2023
MedMen (OTC: MMNFF) is at the edge of capitulation after new financial statements on Thursday show the once-mighty MSO may not be able crawl out of the hole of debt it dug for itself...
Daily Hit: February 1, 2023
According to a press release from the U.S. Attorney’s Office in the Northern District of New York, the indictments cover an alleged six-year operation that “shipped thousands of kilograms of marijuana” and edibles from Fresno, California, to “locations throughout the United States, including the Capital Region of New York...
Daily Hit: January 31, 2023
The California Department of Cannabis Control’s executive director, Nicole Elliott, and general counsel, Matthew Lee, sent the eight-page letter to Attorney General Rob Bonta, asking him to issue a written opinion as to whether shipping cannabis products over state lines would run afoul of federal law, or if the state was on firm legal ground under the U...
Daily Hit: January 30, 2023
An investor group is suing Innovative Industrial Properties (IIP)  (NYSE: IIPR) for not doing proper due diligence in its Kings Garden investment...
 
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Events
Feb. 24-25: CannaCon South, Biloxi, Mississippi
Feb. 27: The Cannabis & Psychedelics Investment Summit, Miami
March 1-3: Emerald Conference, San Diego
March 2-3: Cannatech Expo, San Juan, Puerto Rico
March 23: Green Market Report Women’s Summit, New York
 
Earnings
Feb. 9, before market opens: Canopy Growth Corp. (Nasdaq: CGC) (TSX: WEED)
Feb. 9, after market closes: Aurora Cannabis (Nasdaq: ACB) (TSX: ACB)
Feb. 24, before market opens: Cronos Group (Nasdaq: CRON)
Feb. 28, before market opens: Aleafia Health (TSX: AH) (OTC: ALEAF)
Feb. 28, after market closes: Green Thumb Industries (CSE: GTII) (OTC: GTBIF)
 
 
 
 
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