420 Investor Weekly Review 07/29/22


The House passed a medical cannabis research bill that may be also approved by the Senate.

I distributed this written material to 420 Investor subscribers during the week:

I was interviewed at Seeking Alpha again on the Cannabis Investing Podcast:

Here are some of this week's highlights for Focus List names:

  • AYRWF opened its 49th Florida dispensary and its 9th in Pennsylvania.
  • CGC introduced new premium flower offerings from its 7ACRES and Doja subsidiaries.
  • CURLF launched Plant Precision, a curated collection of edibles and a topical gel designed to target specific wellness categories. It also opened its 51st dispensary in Florida.
  • JUSHF opened its 3rd Virginia dispensary in Alexandria.
  • PLNHF received a Conditional Adult Use Dispensing Organization License in the Chicago-Naperville-Elgin region from the Illinois Department of Financial and Professional Regulation.
  • STHZF, formerly HBORF, cut a deal with the IRS that sharply reduces its obligations for 280E taxes.
  • TLRY reported a sequential increase in revenue but a decline in cannabis revenue. It posted a large write-off as a restructuring charge and guided adjusted EBITDA for FY23 below expectations.
  • TRSSF opened its 3rd New Jersey dispensary in Lodi. It is the state's first drive-through.
  • VFF expanded its Pure Sunfarms brand into northern and Atlantic Canada.
  • VRNOF again stated it was going to restate previous financials (lower taxation and increase stock compensation expense for 2021 and 2022-Q1). It opened its 53rd Florida dispensary in Port Charlotte. It was also approved for adult-use at its Zen Leaf Neptune in New Jersey.

There were comments in over 120 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.

Please check the Focus List, (which has technical, fundamental and valuation ratings as well as a market-cap table). To help track market caps, we maintain tables for the Canadian LPs and the American cannabis operators and ancillary companies.

Market Performance

The Global Cannabis Stock Index fell sharply during the week despite overall market strength, decreasing 4.6% to 15.40:

Posted to Benzinga PotProfits on Jul 29, 2022 — 6:07 PM
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