Illinois adult-use cannabis sales lifted 7% sequentially to $135.7 million, up 6.% from a year earlier. Hifyre July data predicts that the month will be a record for sales in Canada, up 7% sequentially from June.
I distributed this written material to 420 Investor subscribers during the week:
Here are some of this week's highlights for Focus List names:
AYRWF introduced its LIT cannabis brand (premium flower) in Massachusetts.
CCHWF introduced a cannabis loyalty mobile app in 14 markets.
CGC named a former Aphria veteran as new Chief Legal Officer. It generated C$110.1 million revenue in fiscal Q1, but it had a massive loss due to a write-down.
GDNSF launched cannabis-infused gummies in Minnesota.
GNLN will conduct a 1-20 reverse-split on 8/9 to retain its NASDAQ listing.
GRWG reported a weaker-than-expected Q2, with revenue down 44% from a year ago to $71.1 million despite the M&A it has closed since then.
GTBIF reported a solid quarter ahead of expectations with revenue increasing 5% sequentially to $254.3 million in Q2.
HYFM pre-announced Q2 substantially lower than what was expected and reduced its outlook for 2022.
IIPR reported Q2 revenue at a record of $70.5 million, up 44%. AFFO per share was up $2.14, up 30%.
PLNHF announced a purchase option for an Illinois dispensary for the 51% owned by Frank Cowan.
SMG experienced a weak fiscal Q3 for revenue and updated its FY22 outlook for EPS of $4.00-4.20.
TCNNF opened a Trulieve dispensary in Arizona, its first there. It also opened another in Florida.
TLRY named Southern Glazer's as its CBD beverage distributor in the U.S. It also announced a deal with the Denver Broncos for its Breckenridge Distillery limited-edition Mile High Bourbon Blends.
VRNOF opened a new medical cannabis dispensary in Maryland, its fourth there. The company also opened its 54th in Florida.
There were comments in over 140 discussions in the Forum. Don't miss out on this most informative part of 420 Investor! Not familiar with the the Forum? This video will help! This is a great way to track your favorite tickers, even those not on the Focus List, and to get your questions answered quickly.