Analysts have slashed hundreds of millions of dollars off their 2022 sales forecasts for three Canadian cannabis producers, reflecting an increasingly competitive landscape across the adult-use industry, falling overall prices and poor execution by some executive teams.
The BAD ETF (BAD) debuted on Wednesday to target an index focused on gambling, alcohol and cannabis stocks.
The ETF will track companies that make most of their cash from selling alcohol, cannabis, casinos or gaming, as well as developing pharmaceutical products. “We don’t think social stigma should be a primary factor when it comes to deciding what’s a good investment.”
Multistate operator Curaleaf Holdings (OTCQB: CURLF) announced the acquisition of Bloom Dispensaries, a private, integrated Arizona marijuana operator, in a deal valued at $211 million.
This acquisition should be viewed as a leveraged buyout (LBO), one of the first in the cannabis industry.
Show Notes:
ETF BAD Debuts With A Focus On Cannabis Stocks, Gambling And Alcohol
https://www.benzinga.com/markets/cannabis/21/12/24746792/etf-bad-debuts-with-a-focus-on-cannabis-stocks-gambling-and-alcohol
Analysts cut hundreds of millions from Tilray, Canopy, Aurora marijuana sales forecasts
https://mjbizdaily.com/analysts-cut-hundreds-of-millions-from-tilray-canopy-aurora-marijuana-sales-forecasts/
Marijuana industry sees the rare leveraged buyout in Curaleaf deal
https://mjbizdaily.com/cannabis-industry-sees-the-rare-leveraged-buyout-in-curaleaf-deal/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 870 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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