The Dales Report | Trade to Black

Cannabis Industry: A Red-Hot Start to the Week


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The latest Trade To Black podcast, hosts Shadd Dales and Anthony Varrell dive into major developments in the cannabis industry. Joining us is Peter Sack, Managing Director from Chicago Atlantic (NASDAQ: $REFI), who will discuss the latest earnings his company recently reported. Chicago Atlantic posted some notable numbers in their most recent earnings, including a total loan principal outstanding of $410.2 million across 30 portfolio companies and a portfolio weighted average yield to maturity of 17.2% as of December 31, 2024 .Peter also shares his insights on the latest developments involving Innovative Industrial Properties (NYSE: IIPR) and the Pharmacann story. Pharmacann, one of IIPR’s key tenants, has defaulted on rent for nine out of eleven leases, amounting to $2.7 million in March alone. This includes properties across states like New York, Illinois, and Pennsylvania. We’ll discuss the broader impact on the cannabis industry, and what this means for the overall industry.Plus, Shadd and Anthony will highlight news from last week involving a recent disclosure by SNDL Inc. (NASDAQ: SNDL) regarding its acquisition of 5.4% of High Tide’s (NASDAQ: HITI) common shares. High Tide’s CEO, Raj Grover, acknowledged the filing, stating that the company’s board will monitor the situation to safeguard shareholder value. While the reason behind SNDL’s investment is still unclear, some speculate it could be a move toward potential M&A discussions. Given SNDL’s track record in cannabis acquisitions—such as its purchase of The Valens Company—the possibility of a deal remains open.We’ll also talk Ohio’s cannabis sales for February, which hit $77.8M, reflecting a steady market despite a 25% price decline since August. Additionally, Michael Bronstein from the American Trade Association for Cannabis and Hemp will join us for the weekly Insiders Edge segment, to provide updates on Pennsylvania’s legalization efforts, where Gov. Josh Shapiro continues to push for adult-use marijuana reform.#cannabis #marijuana #cannabisstocks #sndl #hightide #cannabisindustry #weed #cannabisreform #cannabislegalization Want to see last week's recap?   • TDR’s Biggest Developments for the We...  Want to see more Cannabis Reform videos?   • DEA Bias Complicates Cannabis Resched...     • How The US Mistakenly Legalized Marij...     • Understanding Hemp vs. Cannabis: What...     • Why Trump Says Cannabis Legalization ...  Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook:   / thedalesreport  Twitter:   / thedalesreport  Instagram:   / dalesreport  LinkedIn:   / the-dales-report  Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:[email protected] views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...

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