The Dales Report | Trade to Black

Cannabis Industry: A Red-Hot Start to the Week


Listen Later

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...

...more
View all episodesView all episodes
Download on the App Store

The Dales Report | Trade to BlackBy Dales Media Group

  • 5
  • 5
  • 5
  • 5
  • 5

5

7 ratings


More shows like The Dales Report | Trade to Black

View all
Blunt Business by Cannabis Radio

Blunt Business

40 Listeners

Modern Wisdom by Chris Williamson

Modern Wisdom

3,787 Listeners

Mining Stock Daily by Trevor Hall

Mining Stock Daily

95 Listeners

The Pomp Podcast by Anthony Pompliano

The Pomp Podcast

1,835 Listeners

The Cannabis Investing Podcast by Seeking Alpha

The Cannabis Investing Podcast

204 Listeners

Cannabis Investing Network by CIN Podcast

Cannabis Investing Network

70 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,428 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

402 Listeners

The Dime by Bryan Fields & Kellan Finney

The Dime

104 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,610 Listeners

Honestly with Bari Weiss by The Free Press

Honestly with Bari Weiss

8,604 Listeners

On The Tape with Danny Moses by RiskReversal Media

On The Tape with Danny Moses

156 Listeners

High Spirits: The Cannabis Business Podcast by AnnaRae Grabstein and Ben Larson

High Spirits: The Cannabis Business Podcast

6 Listeners

Higher Exchanges by Higher Exchanges

Higher Exchanges

11 Listeners

Prof G Markets by Vox Media Podcast Network

Prof G Markets

1,169 Listeners