Virtual Briefing: Bull vs Bear Perspectives on the Industry
The nascent marijuana industry has its share of cheerleaders and naysayers. This session examines both angles with two seasoned investors discussing the future of the cannabis market.
Archives
More potential problems for MedMen, coronavirus-boosted sales & Investor Intelligence Virtual Briefings
While an extreme situation – such as the current COVID-19 pandemic – can uncover weaknesses we weren’t aware of in some companies, it also serves to further highlight problems that existed before.
Comp tables as of April 14, 2020: US multiples above consumer troughs for 2020 but down for 2021
Average trading multiples for U.S.-focused operators were up slightly versus last week, while the average stock price remained flattish. Canada-focused operators still trade at a premium on sales compared to U.S. operators.
Catalyst Calendar: April 13, 2020
Key events that might impact your investments & investment decisions over the next month, including earnings releases from Aphria and Planet 13.
Trulieve beats estimates, iAnthus defaults on debt, Harvest in multiple lawsuits & KushCo’s massive reserve for losses
The latest round of cannabis earnings highlight the potential long-term impacts of current conditions, driven by back-to-back crises and other events.
KushCo reserves legacy customer sales, highlights pending write-off risk for sector
KushCo Holdings is a canary in the coal mine for the cannabis industry with regards to how bad debts are likely to impact profitability in the sector.
Virtual Briefing: State of the Industry and 2020 Trends
Cannabis stocks have been crushed with the market correction, but the long-term investment case is intact. Investor Intelligence equity research analysts Craig Benhke and Mike Regan provide a framework on how to invest now for the long term,
Comp tables as of April 7, 2020: US valuations flat, Canada expands
Average trading multiples for U.S.-focused operators were roughly flat versus last week because of a decline in estimates. Canada-focused operators still trade at a premium on sales compared to U.S. operators.
Florida Cannabis Market Update: Demand and market share steady
Consumers in Florida engaged in some pantry stocking of cannabis products a couple of weeks ago, but after last week’s expected decrease in total milligrams sold, demand and market shares held relatively stable this week.
Catalyst Calendar: April 6, 2020
Key events that might impact your investments & investment decisions over the next month, including MJBizDaily’s Investor Intelligence-hosted webcast on the state of cannabis investments.
MedMen and Green Growth restructure, Acreage pulls guidance & Canntrust trading halts
It was a week of reckoning for many in the cannabis industry as the coronavirus outbreak has become the straw that broke the cash-challenged camel’s back – or the material adverse change companies are using to change plans made in different times.
Does Acreage’s pull of positive EBITDA guidance signal trouble executing funding plan amid coronavirus?
Abandoning the targets outlined only a month ago on its fourth-quarter call (the transcript is available here) shows how rapidly the COVID-19 situation is affecting Acreage.
