Comp tables as of Jan. 27: Multiple expansion reverses

Published January 28, 2020 Investment sentiment is on the rise in the wake of confirmation that MedMen is attempting to pay vendors with equity – leading to further unknown dilution, the potential for a vicious circle and multiple compression as equity holders worry about cash flow. We have assumed an extra 14 million shares for MedMen assuming the company pays 10% of its $55 million in accounts payable using equity at the current price of $0.39 Read More

Valoya Announces Its Spectrum Technology Licensing Program

Ethos Cannabis and the Sidney Kimmel Medical College at Thomas Jefferson University have launched their first studies under Pennsylvania’s medical cannabis research program.Pennsylvania’s 2016 medical cannabis law allows medical cannabis operators to seek “clinical registrant” licenses to partner with one of the state’s medical schools, called “academic clinical research centers,” to orchestrate patient-facing clinical studies into the benefits of medical cannabis.RELATED: Pennsylvania Launches Medical Marijuana Research Program“The medical schools cannot physically touch the plant, but Read More

Market sales data: CA and CO grow in 4Q19; vape drops off

Published January 29, 2020 | By Mike Regan U.S. cannabis markets are a varied bunch. Sales growth at 10% in one market might be solid, but in another it could signal decline. Our partnership with Headset gives us access to estimates of sales data broken down by state (California, Colorado, Nevada and Washington) and product, and that information provides a baseline for investors looking to understand trends in each market. We have transformed the data to Read More

Tilray to Close High Park Gardens, a Cannabis Greenhouse in Leamington, Ontario

The National Association of Cannabis Businesses (NACB) is urging the governors of seven Northeastern and seven Midwestern states to adopt a regional cannabis legalization strategy as states reopen following the COVID-19 pandemic in a move that Mark Gorman, the association’s executive vice president and COO, says will provide states with a new source of revenue as they face budget deficits in the wake of the coronavirus crisis.“Their budgets are going to be really stressed, jobs Read More

Will MedMen dilution slow with Bierman out as CEO and super voting shares to follow?

Published January 31, 2020 | By Mike Regan (Editor’s note: This article has been updated to clarify the compensation Bierman will receive for his shares.) Adam Biermen and super voting shares are no longer in charge at MedMen, which means the dilution of common shares might finally stop. But it remains to be seen if a new CEO can stop the bleeding and turn the business to create value for existing equity holders. Though he Read More

West Virginia Official Says Medical Cannabis Sales Will Launch in Spring 2021

The National Association of Cannabis Businesses (NACB) is urging the governors of seven Northeastern and seven Midwestern states to adopt a regional cannabis legalization strategy as states reopen following the COVID-19 pandemic in a move that Mark Gorman, the association’s executive vice president and COO, says will provide states with a new source of revenue as they face budget deficits in the wake of the coronavirus crisis.“Their budgets are going to be really stressed, jobs Read More

Biermen out as MedMen CEO, Flowr makes sweeping management changes & TerrAscend gets interim CEO

Published January 31, 2020 | By Craig Behnke and Mike Regan Adam Biermen steps down as CEO of MedMen  Adam Biermen and super voting shares are no longer in charge at MedMen (CSE: MMEN), which means the dilution of common shares might finally stop. But it remains to be seen if a new CEO can stop the bleeding and turn the business to create value for existing equity holders. Despite stepping down as CEO, Bierman will Read More