by Mike and Colin | Jan 7, 2022 | Extract
Welcome to the Weekly Extract, parsing key information out of the week’s cannabis headlines. This week’s Extract covers …. You can sign up to receive the Weekly Extract here. Each week you will receive an email of about ~3,000 words of real-time...
by Mike and Colin | Jan 6, 2022 | Company Analysis
MJBiz, the main trade show and trade publication for the legal cannabis industry (and where Mike used to work), was sold to publicly traded events and B2B marketing company Emerald Holdings (NYSE: EEX) for $120m in cash paid on Jan 4, 2022, with a growth-based earnout...
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...
