by Mike and Colin | Sep 8, 2021 | Comp Table & Market Commentary, Data & Analysis, In the News, Macro
Average daily trading volumes for U.S. cannabis operators appear to be bottoming out at about $80 million per day, a level not seen since October 2020. Trading volumes have declined 75% since peaking in February. Despite the drop, the volume remains nearly triple the...
by Mike and Colin | Aug 18, 2021 | Comp Table & Market Commentary, Data & Analysis, In the News, Macro
There is a disconnect between fundamental performance and stock performance for U.S. cannabis companies, resulting in compressing valuations for those operations. But multiples on 2022 are nearing past trough levels. Strong second quarter earnings have not yet driven...
by Mike and Colin | Jul 21, 2021 | Data & Analysis, Free, In the News, Macro
Discounts lead to market-share shift in Florida Florida, one of the most valuable cannabis markets in the world, is beginning to see competition among the top players – and the state’s patients are reaping the benefits of the undercutting. Despite the attractive...
by Mike and Colin | Jul 7, 2021 | Comp Table & Market Commentary, Data & Analysis, Free, In the News, Macro
Though access to capital for public cannabis companies improved in early 2021, liquidity remains low for the U.S. plant-touching operators in comparison to the Canadian licensed producers. U.S. operators have access only to lower-volume exchanges, such as the Canadian...
by Mike and Colin | Jun 11, 2021 | Comp Table & Market Commentary, Free, In the News
In the days after the Great Recession (2008-09), the U.S. government implemented a policy of quantitative easing to boost the recovery. In 2010, after the first round of QE, Mike asked Warren Buffett about his views on inflation and investing. The Oracle of Omaha...
