by Mike and Colin | Jul 2, 2021 | Company Deep Dive
ParentCo’s $50 million investment in Glass House, which included a biomass purchase offtake agreement and cross-retail agreement, was “terminated by both parties”. Premium Member can read our take on this below, following up on our reports on the...
by Mike and Colin | Jun 4, 2021 | Company Deep Dive, Earnings Report, Featured
Premium Members can read actionable insights from Weedmaps’ 1Q21 results, our take on valuation and targets, and download a quarterly model below. This analysis follows up on our previous reports on Weedmaps / Silver Spike Acquisition Corp (SSPK) from May 10 for...
by Mike and Colin | May 10, 2021 | Company Deep Dive, Data & Analysis
This article provides an updated model and commentary to our January 27, 2021 analysis of Weedmaps (linked here), specifically the risk from unlicensed illicit market clients in the revenue mix operating under the “CBD Only” moniker. It was published to Free Members...
by Mike and Colin | Apr 22, 2021 | Company Deep Dive, Featured
This article was first published to Premium Members Only, and became available to Free Members on July 21, 2021. The model download remains Premium Member Only. This report includes detailed financial and operational analysis, and a working model. The model includes...
by Mike and Colin | Mar 10, 2021 | Company Deep Dive, Free
Curaleaf reported their Q4 2020 and FY2020 earnings after the bell yesterday. As of late/early Wednesday, there is still no MD&A filing, so all data is from their press release and conference call. What you need to know: Ahead of earnings, Curaleaf announced the...
by Mike and Colin | Jan 27, 2021 | Company Deep Dive
Our investment thesis on Weedmaps is that it is a growth adtech firm providing investors with exposure to increasing US cannabis sales without trafficking in cannabis itself. At 14X 2021 sales and 56X 2021 EBITDA, the stock performance going forward will come down to...
