420 Investor

26/07/2024

Stocks were weak, but not cannabis stocks!

ReviewThe comment period ended for the DEA's proposed cannabis rescheduling.I shared this article at Seeking Alpha:Here are some of this week's highlights...

26/07/2024

I like Verano! Well, not really, but I don't hate the stock any longer...

Verano could benefit from the potential end of 280E taxation, but remains a risky investment. See why I rate VRNOF stock a Neutral instead of a sell.

25/07/2024

I like cannabis stocks...

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no... ...

23/07/2024

Get ready!

The Public Cannabis Company Revenue & Income Tracker, managed by New Cannabis Ventures, ranks the top revenue producing cannabis companies. This update is our first since mid-May, when we reviewed the unexciting Q1 reports. Tracker Rules. This data-driven, fact-based...

22/07/2024

So very cheap...

Ascend Wellness extended its debt due in 2025, securing lenders, and closing a deal with a maturity date of 2029. See why AAWH stock is a Buy.

19/07/2024

Not a bad week!

ReviewCanadian Cannabis sales in May were slightly higher than in April, which was revised significantly lower.I shared this article at Seeking Alpha:Here...

19/07/2024

Growing very modestly...

Statistics Canada released May retail sales for the country, with cannabis sales increasing from the April levels, up 5.8% to C$434.5 million. On a per-day basis, sales sales rose 2.4%. April was revised much lower to C$410.5 million. The sales were up just 4.5%...

18/07/2024

Don't fear an overall stock market correction!

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no... ...

17/07/2024

Good video on VFF

Speakers:Michael A. DeGiglio – President & CEOStephen Ruffini – EVP & CFOAnn Gillin Lefever – COOCompany descriptionVillage Farms leverages decades of experi...

15/07/2024

Growing, but more slowly...

Michigan cannabis sales for June fell sequentially decreased 0.3% from April. At $278.8 million, sales, which were up from May on a per-day basis, were up 6.9% from a year earlier, the slowest annual growth in over two years: The Michigan Cannabis Regulatory Agency...

15/07/2024

Very good news!

Ascend Wellness Holdings Signs Definitive Agreements to Issue $235 Million of Senior Secured Notes. ~ Secures funding with 12.75% coupon and a 5-year term ~ ~ Net Proceeds to refinance existing Term Loan ~ NEW YORK, July 15, 2024 /PRNewswire/ – Ascend Wellness Holdings...

14/07/2024

I like cannabis stocks more these days, but this is one I don't like:

12/07/2024

Solid strong week

ReviewNew York adult-use cannabis sales have seen booming growth.I shared this article at Seeking Alpha:Why I Like Village Farms So Much AgainHere are some...

11/07/2024

https://www.newcannabisventures.com/this-big-american-cannabis-market-is-booming/

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most...

08/07/2024

weak

Each week, Florida’s Office of Medical Ma*****na Use (OMMU), which is part of the state’s Department of Health, releases data on the state’s medical cannabis program, including an active patient count, a qualified physician count, new approvals and an update for... ...

08/07/2024

It's not my favorite Canadian LP, but I like it a lot...

Village Farms' financials show improving cash flow, balance sheet, and outlook for 2024 and 2025 revenue. See why I upgrade VFF stock from hold to a strong buy.

06/07/2024

Cannabis sales have been so slow! I am seeing signs of stabilization out West in the mature markets.

New Cannabis Ventures offers readers this easy-to-read exclusive summary of BDSA’s monthly cannabis sales data for 13 states. We are happy with the improved reporting time made by BDSA, as we are now able to share June results. A month ago, we shared April results...

05/07/2024

Ouch...

ReviewIllinois June cannabis sales fell sequentially and grew just 3.9% from a year ago.

05/07/2024

Illinois is a mature market that is slowing

Illinois adult-use cannabis sales in June were down 3.1% sequentially to a $141.8 million, which was about the same on a per-day basis from the longer May. The gain was 3.9% from a year ago, the slowest growth since last July: After increasing 106% in 2021, 13% in 2022 and...

04/07/2024

Happy 4th of July!

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by...

30/06/2024

I like ancillary cannabis stocks like this one...

Ancillary stocks are the place to be...

Click here for analysis of GrowGeneration, a NASDAQ-listed stock in the cannabis sector, projecting declining revenue but potential upside based on a strong balance sheet.

29/06/2024

A tough month for almost all stocks, but this sub-sector did alright again.

As we described in a previous article, the Global Cannabis Stock Index moved lower in June, falling 8.9%. It is now up 6.2% in 2024. In this article, we summarize the performance of the other managed indices that New Cannabis Ventures offers to its readers. We...

28/06/2024

Unchanged this week, down in June, up in 2024...

ReviewCanadian cannabis sales increased 5.3% sequentially to C$428.6 million in April, up just 4.4% from a year ago.I shared this article at Seeking...

28/06/2024

A tough month!

Cannabis stocks, as measured by the Global Cannabis Stock Index, exploded higher in late August on news that the Department of Health and Human Services had recommended to the DEA that it move cannabis from Schedule 1 to Schedule 3, and the move continued into September. October...

27/06/2024

Are they a buy or a sell? Yes!

You’re reading this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. We no longer send these by...

27/06/2024

Growing but slowly

Illinois released its cannabis sales data much later than it normally does again. Illinois adult-use cannabis sales in May were up 1.2% sequentially to a $146.2 million, which was down slightly on a per-day basis from the shorter April, which also had 4/20. The gain was...

23/06/2024

This is my favorite cannabis stock right now - a real bargain in my view...

Organigram stock has declined substantially, still up 16.4% in 2024. Stock valuation is cheap at 0.8X tangible book value. Find out why OGI stock is a Strong Buy.

21/06/2024

A tough week!

ReviewCanadian cannabis sales increased 5.3% sequentially to C$428.6 million in April, up just 4.4% from a year ago.I shared this article at Seeking...

21/06/2024

Canadian cannabis sales were up just 4.4% from a year ago

Statistics Canada released April retail sales for the country, with cannabis sales increasing from the March levels, up 5.3% to C$428.6 million. On a per-day basis, sales sales rose 8.8%. March was revised lower to C$406.8 million. The sales were up just 4.4% from a...

21/06/2024

I am raising the price of 420 Investor on 7/1...

Hello from cannabis stock land! I have been running 420 Investor, a service that helps investors follow cannabis stocks, for 11 years, and there have been...