Nevada Cannabis Market Update: State sales data through Nov. 2019
Nevada is among the largest marijuana markets in the United States, with many large multistate operators having extensive operations in the state.
Detailed analysis and meaningful insight from industry experts.
Nevada is among the largest marijuana markets in the United States, with many large multistate operators having extensive operations in the state.
Acreage Holdings announced a complex financing on Feb. 7 in which the New York company is raising a net $79 million, with plans for at least $65 million more.
Since January 2020, Trulieve has lost significant market share in milligrams of CBD sold, but the company is more than making up for that with increasing market share for THC and smokable marijuana.
What Aurora has to do in terms of sales and expenses in order to produce that level of EBITDA will be tough given its current cost structure, consumers trending to value brands, the Canadian market’s excess inventory and continued production overcapacity of Canadian licensed producers.
Over the past few weeks, data released by Florida showed that Trulieve was selling far fewer milligrams of CBD per week.
It was a day of big moves for Canadian cannabis giant Aurora. The company announced:
• A new CEO and the retirement of Terry Booth.
• An enormous current miss and guide down for next quarter.
• Several cost-cutting measures, including layoffs.
• And more.
Three key executives at Harvest Health will surrender a total of 2.4 million stock options back to the company – without compensation – so the options can be redistributed to employees throughout the company. It’s a novel concept, but common equity holders will still be diluted.
Nevada is among the largest marijuana markets in the United States, with many large multistate operators having extensive operations in the state. So it’s valuable to track the amount and growth rate of the state’s published marijuana sales and tax data.
These comp tables provide a benchmark for private investors to evaluate existing and future investments as well as a menu for public investors to peruse.
Trulieve experienced a huge drop-off in milligrams of CBD sold in Florida over the past eight weeks, and the trend is accelerating this week.
Adam Biermen and his super voting shares are no longer in charge at MedMen, which means the dilution of common shares might finally stop. But it remains to be seen if a new CEO can stop the bleeding.