U.S. federal legalization regarding the sale and financial administration of cannabis companies still faces hurdles but state-level momentum is projected to continue this year. Below is the performance in April and YTD of the 13 largest American Multi-State Operators (MSOs) as tracked by the munKNEE Pure-play American MSO Pot Stock Index. [more]
The cannabis industry is dominated by the big four companies and these companies have emerged as the industry leaders. They benefit from factors including access to the lowest cost of institutional capital, scale, proven management talent, track records, strong balance sheets, and licensing credibility. [more]
This past quarter, Canadian cannabis companies focused on consolidating operations, adjusting asset valuations, and launching Cannabis 2.0 derivative products. While in the U.S., cannabis companies increased production capacity and scaled retail stores in order to be ready when federal legalization of cannabis becomes a reality. [more]
Cannabis stock prices continue to be under pressure as the overall market struggles to find footing amid the coronavirus crisis with numerous companies announcing impairments, write-downs, deal adjustments, and financings. However, some companies continue to execute partnerships and launch new retail stores. [more]
This week, numerous U.S. cannabis operators released Q2/2019 earnings, with companies reporting impressive top-line growth but most still are struggling to turn a profit. [more]
Curaleaf Holdings announced a US$875 million acquisition that combines the largest public and the largest private multi-state operators in the U.S., which together will now operate 131 dispensary licenses, 68 operational locations, and 20 cultivation sites. [more]
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