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🎙️ Petalfast, CEO, Jason Vegotsky
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…
Dai Truong
Mar 23
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🎙️ Petalfast, CEO, Jason Vegotsky
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💼 NY Cannabis Regulators sued by group that includes Registered Organizations (ROs)
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…
Dai Truong
Mar 20
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💼 NY Cannabis Regulators sued by group that includes Registered Organizations (ROs)
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🏃 Missouri on track to be fastest state to reach $1B in Cannabis sales
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…
Dai Truong
Mar 14
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🏃 Missouri on track to be fastest state to reach $1B in Cannabis sales
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🧾 $102.9M in February sales for Missouri
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…
Dai Truong
Mar 6
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🧾 $102.9M in February sales for Missouri
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❌ Dispensary Closures
Tracking dispensary closures and the reasons why.
Dai Truong
Mar 3
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❌ Dispensary Closures
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February 2023
Altria rumored to acquire NJOY for up to $3.25B ($2.75B + $500M Earn-Out)
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…
Dai Truong
Feb 28
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Altria rumored to acquire NJOY for up to $3.25B ($2.75B + $500M Earn-Out)
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⏳ Cresco Labs and Columbia Care Extend Acquisition Closing Timeline to June
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…
Dai Truong
Feb 28
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⏳ Cresco Labs and Columbia Care Extend Acquisition Closing Timeline to June
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🤝 The Parent Company (TPCO) and Gold Flora to Merge
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…
Dai Truong
Feb 27
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🤝 The Parent Company (TPCO) and Gold Flora to Merge
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💳 Canopy Growth Raises up to $150M Senior Unsecured Convertible Debentures
Twitter to allow cannabis advertising (but can't promote or offer to sale). MariMed acquires third dispensary in MA. Schwazze acquires two Smokey's…
Dai Truong
Feb 21
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💳 Canopy Growth Raises up to $150M Senior Unsecured Convertible Debentures
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🎙️ Hirsh Jain, Founder, Ananda Strategy
Hirsh's background in law, management consulting, and Government Affairs at Airbnb, Caliva and MedMen provides him a unique perspective to help clients…
Dai Truong
Feb 17
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🎙️ Hirsh Jain, Founder, Ananda Strategy
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🌵 Ayr Wellness exits AZ, appoints new CEO
Alleaves acquires BioTrack from Forian ($30M). Bloomwell Group (Germany) raises funding from Artemis and Measure 8. Ayr Wellness appoints David Goubert…
Dai Truong
Feb 13
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🌵 Ayr Wellness exits AZ, appoints new CEO
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🧾Canopy Growth FY2023 Q3 Results
Net revenue of $101M declined 28% Y/Y, (2%) GM, ($88M) Adjusted EBITDA. $140-$160M cost reduction next 12 months, impacting 800 jobs.
Dai Truong
Feb 9
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🧾Canopy Growth FY2023 Q3 Results
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