by Mike and Colin | Mar 1, 2021 | Macro, Thematic Research
John Schroyer over at MJBizDaily published a great article about increasing tax audits coming to California on cannabis retailers and cultivations, as the state looks for additional sources of revenue. This will have varying implications for operators in California,...
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...
by Mike Regan | Jan 26, 2021 | Free, In the News
My article for MJBizDaily detailing Weedmaps’ revenue growth drivers can be read at the link below:...
by Mike and Colin | Jan 13, 2021 | Company Deep Dive
Addendum: further analysis showing potentially more clients than licensed dispensaries in California has questioned the validity of the hypothesis of higher revenue/store in California described below; please read the updated analysis from January 27, 2021 to see the...
by Mike Regan | Dec 23, 2020 | Free, In the News, Macro
Two recently announced big SPAC deals, Silver Spike / Weedmaps and Subversive Capital Acquisition / Caliva+Left Coast+Jay Z, will bring these companies public soon. Here is the link to my article at Marijuana Business Daily discussing the deals and the implications...
