420 Investor Weekly Review 08/26/22

Review

ETFMG is now including MSOs in its MJ ETF. AdvisorShares introduced leverage to its platform for the MSOS ETF. Ohio released data that suggests the state's medical cannabis program is still seeing weekly sales in excess of $9 million.

I distributed this written material to 420 Investor subscribers during the week:

Here are some of this week's highlights for Focus List names:

  • AAWH saw workers at its Boston location join Teamsters.
  • ACB paid $45 million to gain control of Bevo Farms and sold it the Aurora Sky facility.
  • CCHWF introduced Triple Seven into Pennsylvania, its 10th market.
  • CEAD celebrated its 16th anniversary.
  • FFLWF closed a $5 million convertible debt deal (C$1 conversion price).
  • GDNSF launched Boundary Waters pre-rolls in Minnesota.
  • GTBIF will, through RISE Dispensaries, serve as the premier sponsor of HeadCount's Cannabis Voters Project.
  • HYFM entered an exclusive distribution agreement with the Agricultural Gas Company for CO2 generation, delivery and control.
  • JUSHF opened its 35th dispensary, its 4th in Virginia.
  • LOWLF raised $4.2 million in a convertible note offering with warrants that was participated in by certain directors and officers for $2.4 million.
  • STHZF doubled revenue sequentially to $34.6 million due to its M&A, but the number fell far short of expectations.
  • TLRY received approval from The Natural Health Science Foundation to use its flagship product in clinical trials in Australia and New Zealand. In Canada, it launched CannaPoints, a program to support patients, as well as additional products.
  • TRSSF closed Pinnacle in Michigan, giving them 5 dispensaries (now 17 in the state) for $28.5 million.

I removed VLNS from the Focus List this week upon the announcement that SNDL will acquire the company for stock.

There were comments in over 120 discussions in the Forum. Don't miss out on this most informative part of 420 Investor! Not familiar with the the Forum? This video will help! This is a great way to track your favorite tickers, even those not on the Focus List, and to get your questions answered quickly.

Please check the Focus List, (which has technical, fundamental and valuation ratings as well as a market-cap table). To help track market caps, we maintain tables for the Canadian LPs and the American cannabis operators and ancillary companies.

Market Performance

The Global Cannabis Stock Index rallied despite the broad market weakness of the S&P 500 retreating 4.0%, increasing 1.6% during the week to 15.29 after setting an all-time closing low of 14.36 during the week on Tuesday:

Posted to Benzinga PotProfits on Aug 26, 2022 — 4:08 PM
Comments on this post have been disabled by the Maven.