Beacon Securities Limited

The cannabis sector's Q3 performance has been a mixed bag, but two companies stood out for their exceptional financial performance: Green Thumb Industries (OTC:GTBIF) and Glass House Brands (OTC:GLASF).  Both delivered top-tier results, ranking in the top five for key financial metrics,...

Massachusetts' average revenue per dispensary dropped to $362k/month, down 8% year-over-year, in New Mexico sales went down 3% in November. The cannabis industry continues to show mixed results across key U.S. markets, with notable developments in California, Massachusetts, and New Mexico. While...

Cannabis giants Village Farms, Green Thumb, and Jushi Holdings show distinct strategies for navigating a challenging landscape.  In the latest cannabis market analysis from Beacon Securities, three major multi-state operators (MSOs) Village Farms, Green Thumb Industries, and Jushi Holdings...

According to a recent report from Beacon Securities, cannabis sales in Colorado and Connecticut are showing mixed results, reflecting both growth and challenges in the legal cannabis market. Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your...

Despite pouring millions into the push for adult-use cannabis legalization, Florida's cannabis market is showing signs of strain.  According to a recent report from Beacon Securities, financial backing for the legalization campaign has surged, yet dispensary sales have slipped during the third...

Legal cannabis sales in Michigan achieved a record high of $837 million in Q2 2024, marking a 6% increase from $793 million in Q1 2024 and an 11% rise from $753 million in Q2 2023, according to a report by Beacon Securities. June's total sales were $279 million, slightly down by less than 1%...

A recent report by Beacon Securities, on the cannabis industry in Florida provides insights into campaign donations, political endorsements, market competition, and financial forecasts. Libertarian Endorsement According to the report the Libertarian Party of Florida has formally endorsed the adult-...

Breweries in Minneapolis now offer hemp-derived, THC-infused drinks on tap, thanks to a new Minnesota law effective July 1. This change allows taprooms to serve these drinks on tap, not only in cans, provided they display the required label information. Dan Schnabel, taproom manager at Headflyer...

Data released by the Massachusetts Cannabis Control Commission (CCC) showed that legal cannabis sales dipped slightly in June, marking a 2% month-over-month decrease from $155 million in May to $152 million. Despite this slight contraction, the daily sales figures actually increased by 2%,...

The financial landscapes of Canadian and U.S. cannabis operators showcase distinct paths in the quest for profitability, driven by varying market dynamics and regulatory environments. According to recent financial data from Beacon Securities, the analysis of key financial metrics such as EV/EBITDA...

Several companies in the cannabis industry are nearing debt maturity dates, which could have profound impacts on their financial strategies and overall stability. A Monday report by Beacon Securities analysts Doug Cooper, MBA; Russell Stanley, CFA, CMT, MBA; and Donangelo Volpe, delves into the...

Recent financial data from Beacon Securities compares key financial metrics across the alcohol, tobacco and cannabis industries, showing that cannabis is set to outpace major players like Coca-Cola (NYSE: KO), Marlboro (NYSE: MO), and Budweiser (NYSE: BUD) in market growth. Financial Metrics...

Significant tax benefits are anticipated for the cannabis industry, following President Joe Biden's confirmation of the administration's intent to reschedule cannabis from Schedule I to Schedule III. This move could alleviate the burdens of IRS tax code 280e, which has prevented cannabis...

A recent Beacon Securities report focuses on Curaleaf's strategic financial management and the potential impacts of legislative changes on its operations. Concurrently, Needham's report highlights Trulieve's operational strengths and projected growth, emphasizing the company's...

In Beacon Securities's latest report issued after the Benzinga Cannabis Capital Conference in Florida, analysts delved into significant developments and key conversations that are shaping the future of the cannabis industry. The report highlights the optimism among key operators and multi-state...