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Ayr Wellness Tackles Restructuring: A New Dawn for Cannabis Investors?
Wednesday, March 6, 2024 - 1:35pm | 658David Goubert, president and CEO of Ayr Wellness Inc., will speak at the upcoming Benzinga Cannabis Capital Conference. He will analyze the latest economic indicators to assess the cannabis market’s health, trends, and investment opportunities. His participation comes at a crucial time for...
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Cannabis Stocks With Hidden Potential: A Closer Look At Attractively-Valued Tier-2 Firms
Friday, December 8, 2023 - 6:36pm | 623In a comprehensive report by Viridian Capital Advisors, the spotlight is on the valuations of companies within the U.S. cultivation and retail sector, specifically those boasting market caps ranging from $100 million to $500 million —commonly referred to as ‘Tier 2’ enterprises....
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High Capex, High Rewards: Analyst Looks At Cannabis MSOs' Strategies
Wednesday, October 18, 2023 - 3:16pm | 1244As interest rates climb and regulatory uncertainties loom, decisions on capital expenditures (capex) by cannabis MSOs (Multi-State Operators) become paramount for their future success. Are some MSOs missing out on significant growth opportunities? In his latest analysis, Pablo Zuanic, managing...
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EXCLUSIVE: The SAFER Banking Act Is A Long-Awaited First Step Towards The Economic Legitimacy Of The Cannabis Industry, Says Benzinga Cannabis Capital Conference Panelist
Wednesday, September 27, 2023 - 7:40pm | 1009“We are thrilled that the Senate Banking Committee has approved the SAFE Banking Bill,” said Boris Jordan, founder and chairman of Curaleaf Holdings, Inc. (OTCQX: CURLF), reflecting the sentiments of cannabis industry stakeholders following the historic approval of the...
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MSO Financial Health: Debt Restructuring Vs. Equity Raises – Analyst Digs Into Spreadsheets
Thursday, September 21, 2023 - 10:55am | 1158The recent equity raises by Canopy Growth (NASDAQ: CGC) and Columbia Care (OTC: CCHWF) have sparked curiosity about which multi-state operators (MSOs) may follow suit. In its latest report, Zuanic & Associates (Z&A) delves into the financial net debt metrics of 20 MSOs to identify potential...
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Cannabis Tax Changes Could Trigger 504% Cash Flow Leap, Which Industry Players Will Benefit?
Thursday, August 31, 2023 - 4:34pm | 629The Department of Health and Human Services' recommendation to reclassify marijuana as a Schedule III drug under the Controlled Substances Act set off ripples across the cannabis market. One day following Wednesday's news, MSOS ETF (ARCA: MSOS) surged by 21%. Notable companies also...
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AYR Wellness Announces Earn-Out Amendments For Acquisitions
Friday, May 12, 2023 - 7:44pm | 465AYR Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) announced it has reached an agreement with Elk Spring Partners, LLC and other selling security holders (collectively known as the "NJ Counterparties"). The agreement aims to amend the earn-out payment terms specified in the membership...
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This Public Cannabis-Related Finance Company Is Benefitting From Capital Imbalance, Says Analyst
Sunday, January 8, 2023 - 2:23pm | 589Specialty finance company, Silver Spike Investment Corp. (NASDAQ: SSIC) was formed to invest across the cannabis ecosystem through investments such as direct loans to and equity ownership of privately held marijuana companies. An Analyst’s View With an overweight rating...
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Ayr Wellness: Analyst Reduces Price Target And Stays Neutral After Q3 Results
Friday, November 11, 2022 - 3:32pm | 719On Thursday, Ayr Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF) reported its financial results for the third quarter that ended September 30, 2022, with revenue of $119.6 million, up by 24.4% from $96.2 million in the same period of 2021. Jonathan Sandelman, founder and CEO of Ayr, said the company...
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Ayr Wellness Receives Approval To Begin New Jersey Adult-Use Retail Sales
Tuesday, May 24, 2022 - 8:12pm | 429Ayr Wellness Inc. (CSE: AYR.A) (OTCQX: AYRWF), announced on Tuesday that it has received approval from the New Jersey Cannabis Regulatory Commission for adult-use cannabis sales in the Garden State. Ayr currently operates medical dispensaries in Woodbridge, Union, and Eatontown, all...