Highly Objective | Dai Truong | Substack

Avextra closes €17M Convertible Note. Lowell Farms divests Brands and IP. Cresco Labs Q4 Rev. of $200M, down (8%) Y/Y. TerrAscend Q4 2022 Rev. of $69.0M, up 50% Y/Y. More layoffs at Leafly.

Mar 20

62% voted "No" to legalizing in Oklahoma. Skymint sued over $127M+ owed to Tropics LP (SNDL). TerrAscend applies to list on TSX. Q4 Earnings: Trulieve ($302M), Ayr Wellness ($125M), AWH ($135M).

Mar 14

Petalfast currently views itself as the #3 cannabis distributor in CA, with the goal of becoming the #1 or #2 distributor by year end. The company has doubled revenue over the past 3 months.

Mar 23

New York to double number of retail cannabis dispensary licenses. GTI Q4'22: $259M Rev., up 6% Y/Y, down (1%) Q/Q. Marimed Q4'22: $35.8M Rev. (44% GM). RIV Capital CEO departs. Olla shuts down.

Mar 6

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Tracking dispensary closures and the reasons why.

Mar 3

NJOY has ~3% market share of U.S. e-cig sales. Revenue estimates puts it at $150M in 2022 (15% decline Y/Y). The company sells a battery, refillable…

Feb 28

TPCO + Gold Flora. CA 2022 sales of $5.3B, down 8.6% from 2021. VA’s adult-use cannabis market stalled indefinitely. Green Check Verified raises $6M…

Feb 28

TPCO merges with Glora Flora rather than go at it alone. A standalone TPCO with its cash balance was thought to have a huge competitive advantage in the…

Feb 27

Twitter to allow cannabis advertising (but can't promote or offer to sale). MariMed acquires third dispensary in MA. Schwazze acquires two Smokey's…

Feb 21

Hirsh's background in law, management consulting, and Government Affairs at Airbnb, Caliva and MedMen provides him a unique perspective to help clients…

Feb 17

Alleaves acquires BioTrack from Forian ($30M). Bloomwell Group (Germany) raises funding from Artemis and Measure 8. Ayr Wellness appoints David Goubert…

Feb 13

Net revenue of $101M declined 28% Y/Y, (2%) GM, ($88M) Adjusted EBITDA. $140-$160M cost reduction next 12 months, impacting 800 jobs.

Feb 9

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