This week’s Trade To Black Weekly Recap presented by FRE brings another packed stretch of earnings season — the second consecutive week where quarterly results dominated headlines across cannabis and psychedelics. Host Shadd Dales breaks down major prints from Village Farms (NASDAQ: VFF), Auxly (TSXV: XLY), Organigram (NASDAQ: OGI), MariMed (CSE: MRMD) and Rubicon Organics (TSXV: ROMJ).But the biggest story of the week wasn’t earnings — it was M&A.Curaleaf (TSX: CURA) announced its intention to acquire Aurora Cannabis (TSX: ACB) in a proposed deal valued at approximately US$4 per share. Aurora responded without rejecting the offer and has formed a special committee to evaluate strategic alternatives. The potential combination would create one of the largest international cannabis platforms in the world, pairing Curaleaf’s distribution footprint with Aurora’s EU‑GMP production scale.Michigan also made news as Representative James DeSana introduced legislation to repeal the state’s controversial 24% wholesale cannabis tax, which has crushed margins in one of America’s lowest‑priced markets.Earnings delivered several standout performances. Village Farms (NASDAQ: VFF) posted its fifth straight quarter of positive net income, Auxly Cannabis (TSXV: XLY) delivered exceptional cash conversion, Organigram Global (NASDAQ: OGI) reported record revenue, MariMed (CSE: MRMD) delivered record sales, and Rubicon Organics (TSXV: ROMJ) maintained its premium LP leadership while growing revenue.Finally, tomorrow marks another milestone in federal cannabis rescheduling as the briefing deadline arrives and the administrative process moves toward the ALJ’s recommendation.It’s a week that signals M&A is here.#TradeToBlack #CannabisNews #CannabisStocks #FRE #Curaleaf #AuroraCannabis #EarningsSeason #CannabisRescheduling #CannabisMNA #TDRWeeklyRecap #CannabisIndustry Want to see more Cannabis Reform?🎬    • Cannabis Rescheduling Enters New Phase Nex...  🎬    • Texas Hemp Crackdown Sparks Donor Influenc...  🎬    • Congress Moves to Keep Hemp‑THC Drinks Leg...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

TDR Cannabis in Five with host Shadd Dales breaks down a major moment in the federal cannabis rescheduling process. Monday, August 17 is the filing‑brief deadline in the Administrative Law Judge hearing — the final step before the ALJ begins drafting his Recommended Decision. Testimony is complete, evidence is closed, and once these briefs are submitted, the process shifts from public hearings to internal decision‑making.But another storyline is unfolding at the exact same time: TerrAscend (TSX: TSND) and its 280E tax case with the Department of Justice. The timing of DOJ’s actions is raising industry questions because it aligns almost perfectly with the rescheduling calendar. TerrAscend was served on August 3 — more than two months after the case was filed — and just two weeks before the ALJ’s August 17 deadline. In federal practice, service timing is rarely accidental, and many observers believe this may signal strategic positioning.TerrAscend’s response is due August 24. DOJ’s reply is expected in early or late September. Meanwhile, the ALJ’s recommendation could land around that same period. If the exceptions window is shortened, the DEA’s fixed 30‑day Final Order period could begin in September, placing a potential rescheduling decision in October. Nothing is guaranteed, but the alignment is notable.If cannabis moves to Schedule III, 280E disappears — making TerrAscend’s tax case irrelevant. That’s why the timing matters. Monday isn’t the decision; Monday is the trigger. It’s when the countdown toward the DEA’s final ruling quietly begins.#CannabisNews #Rescheduling #DEA #280E #TerrAscend #TSND #CannabisPolicy #ScheduleIII #CannabisIndustry #TDRCannabisInFive #CannabisRescheduling #ALJHearing #ALJ #CannabisStocks #MSOSWant to see more Cannabis Reform?🎬    • Texas Hemp Crackdown Sparks Donor Influenc...  🎬    • Congress Moves to Keep Hemp‑THC Drinks Leg...  🎬    • Why the Hemp Ban Was Only Extended Four We...  🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In our latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell continue their earnings‑season coverage with one of the biggest names in the cannabis industry. Raj Grover, CEO of High Tide (NASDAQ: HITI), joins the show after releasing preliminary Q3 fiscal guidance — and the numbers point to another record quarter for the company.High Tide is projecting CAD $195M–$200M in revenue, CAD $51M–$53.5M in gross profit, and CAD $15.2M–$16.5M in adjusted EBITDA, representing strong year‑over‑year growth across every major metric. Even the low end of the guidance beats the highest analyst estimates, driven by continued scale, operating leverage, and added flexibility from their new CAD $40M senior secured credit facility.Raj also weighs in on the sudden surge of M&A activity across the cannabis sector. Earlier this week, Curaleaf Holdings (TSX: CURA) announced a hostile takeover attempt for Aurora Cannabis (NASDAQ: ACB / TSX: ACB). Curaleaf CEO and Chairman Boris Jordan stated he has contacted every Canadian LP as the company looks to expand — signaling that consolidation may be arriving faster than expected. Raj breaks down how he’s viewing the landscape, what operators should be preparing for, and how High Tide fits into the broader narrative.In Segment #2, Adam Stettner, CEO of FundCanna, returns for his weekly segment to unpack the Curaleaf–Aurora news, what he’s hearing across capital markets, and how he expects M&A momentum to unfold in the short term.Like, subscribe, and leave your comments!#HighTide #HITI #Curaleaf #CURA #AuroraCannabis #ACB #CannabisEarnings #CannabisMergers #TradeToBlack #CannabisNews #CannabisIndustry #CannabisStocks #MarijuanaStocks #CannabisRescheduling #MSOSWant to see more Cannabis Reform?🎬    • Why the Hemp Ban Was Only Extended Four We...  🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

TDR Cannabis in Five with host Shadd Dales breaks down a new bipartisan bill in Congress that would keep hemp‑THC drinks federally legal and regulate them like alcohol. First reported by Marijuana Moment, this bill arrives as lawmakers finally step into a space that’s been operating without clear federal rules.Congress continues to revisit hemp‑THC beverages, and with the national ban now pushed to December 11, there’s growing belief that—regardless of the final regulatory outcome—this category isn’t going anywhere. The extension signals that lawmakers need more time and aren’t ready to shut the door on beverages.The bill sets national standards for manufacturing, testing, labeling, and age‑restricted sales. It also blocks states from banning hemp‑THC drinks unless they ban alcohol too, giving compliant beverage operators major protection.Everyone already knows the category grew because of gaps in the 2018 Farm Bill and the rise of synthetics. What matters now is how Congress plans to respond, how the Farm Bill fits into this, and what the December 11 extension tells us about the future of hemp‑THC beverages.Lawmakers can’t ignore the category anymore. States are tired of improvising. The alcohol industry wants clarity. Consumers want consistency. This bill is Congress finally stepping into a space that’s been running without clear federal oversight.#CannabisNews, #HempTHC, #THCDrinks, #FarmBill, #CannabisPolicy, #MarijuanaMoment, #CongressNews, #HempIndustry, #CannabisCommunity, #TDRCannabisInFive #HempBan #HempTHCBan #HempBeveragesWant to see more Cannabis Reform?🎬    • Why the Hemp Ban Was Only Extended Four We...  🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

TDR Cannabis in Five with host Shadd Dales breaks down a growing political firestorm in Texas, where the state’s hemp crackdown is now being tied to potential donor influence. What began as aggressive enforcement against hemp retailers has escalated into a public dispute after Texas Rep. James Talarico suggested that Attorney General Ken Paxton’s actions may have benefited donors connected to the alcohol and tobacco industries. This reporting was first highlighted by Marijuana Moment.Paxton’s office has spent months targeting hemp businesses selling Delta‑8, Delta‑9 hemp products, and other intoxicating cannabinoids. Raids, lawsuits, and cease‑and‑desist orders have swept across the state. But Talarico argues the timing is suspicious, especially as hemp‑THC beverages have surged in popularity and are now competing directly with alcohol in bars, restaurants, and retail shops across Texas.Texas legalized hemp in 2019, creating a booming market for hemp‑derived THC products in a state without regulated adult‑use cannabis. Younger consumers in particular are choosing hemp‑THC drinks over beer or spirits, and that shift has caught the attention of industries with a lot to lose.Paxton denies any improper motive, saying intoxicating hemp products violate state law. But Texas’ hemp rules are vague, inconsistent, and constantly interpreted differently depending on who’s in charge. Retailers say they’re compliant. Regulators say they’re not. And lawmakers are now questioning whether donor influence is shaping cannabis policy.With lawsuits underway and the next legislative session approaching, the future of Texas’ hemp‑THC market hangs in the balance.#CannabisNews, #TexasPolitics, #HempTHC #Delta8 #CannabisPolicy #MarijuanaMoment #KenPaxto #HempIndustry #HempBan #CannabisCommunity #TDRCannabisInFive #CannabisIndustryWant to see more Cannabis Reform?🎬    • Congress Moves to Keep Hemp‑THC Drinks Leg...  🎬    • Why the Hemp Ban Was Only Extended Four We...  🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In our latest Trade To Black podcast, hosts Shadd Dales and Anthony Varrell turn their attention to what’s happening inside modern CPG featuring the fast‑growing category, nicotine pouches. Summer Frein, Chief Growth Officer at Turning Point Brands (NYSE: TPB) logs on to talk about their recent announcement of FRE Labs, a new consumer‑driven flavor innovation platform for FRE nicotine pouches.The product will give consumers direct influence over product development — voting on flavors, deciding what stays, and producing what becomes part of FRE’s core lineup. We also look at how the pouch category is rapidly changing across the U.S., how consumer behavior is shifting away from traditional tobacco, and why retailers are prioritizing brands with strong innovation cycles and real consumer validation. We outline why culture will continue to drive brand awareness and consumer demand in the modern CPG industry for industries like pouches and cannabis. Like, subscribe, and leave your comments!#FreeLabs #TurningPointBrands #TPB #NicotinePouches #FlavorInnovation #CPGInnovation #TradeToBlack #ConsumerBehavior #IceLineFlavors #ModernCPG #Cannabis #CannabisIndustryWant to see more Cannabis Reform?🎬    • Why the Hemp Ban Was Only Extended Four We...  🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

This episode of TDR Cannabis in Five provides a clear breakdown of the federal hemp‑THC timeline and the recent action taken by the U.S. Senate inside the Agriculture–FDA appropriations bill. The Senate included language that moves enforcement of the hemp‑derived THC ban from November 12 to December 11. The delay is now part of the Senate’s bill, but it still requires approval from the House of Representatives before it becomes final.The segment outlines why the December 11 date was selected, how it aligns with the government’s continuing resolution deadline, and why Congress placed the hemp‑THC language inside the federal spending bill. The discussion also includes the role of the CBD Pilot Program, which may influence future federal CBD rules and the direction of hemp‑derived THC oversight.The episode explains what the December 11 extension means for hemp‑derived THC, why synthetic cannabinoids such as Delta‑8, Delta‑10, HHC, and THCP remain scheduled for prohibition on November 12, and how operators may be affected. It also outlines possible regulatory paths after December 11, including federal standards, state‑level rules, or a combined model.#HempTHCBan #HempDerivedTHC #SyntheticCannabinoids #Delta8Ban #Delta10Ban #HHCBan #THCPBan #CBDPilotProgram #CongressHempRegulations #CannabisPolicy #HempBan #CannabisIndustry #TrumpAdministrationWant to see more Cannabis Reform?🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In the latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Varrell break down three major developments shaping the cannabis industry.In Segment #1, the focus turns to Ohio — a market that continues to outperform two years into adult‑use legalization. Earnings season has highlighted how operators with exposure to Ohio are benefiting from strong consumer demand, improving retail dynamics, and disciplined product strategy. Joining us is Lauren Delande, Vice President of Retail Operations at Klutch Cannabis, along with Flowhub CEO Kyle Sherman. Klutch Cannabis, founded in 2020 and headquartered in Akron, has become one of Ohio’s most respected premium producers. Known for rare genetics, small‑batch cultivation, award‑winning flower, and a patient‑first philosophy, Klutch has played a major role in shaping Ohio’s evolving consumer landscape.In Segment #2, we revisit earnings season with Rubicon Organics (TSXV: ROMJ) CEO Margaret Brodie to unpack their Q2 2026 results. Rubicon delivered $18.5M in net revenue — up 23% year‑over‑year — driven by stronger yields at its Pacifica facility and continued ramp‑up at Cascadia. Adjusted EBITDA came in at $1.1M, reflecting strategic investments to scale production. Rubicon remains a leader in Canada’s premium segment and continues expanding internationally, including the rollout of its 1964 brand in the U.K. medical market. Management expects revenue, margins, and operating cash flow to strengthen through H2 2026.In Segment #3, Dr. Paul Shields returns for our Vantage Standard segment to discuss APIs, DEA licensing, and how Vantage’s regulatory position enables white‑label manufacturing and international distribution for U.S. cannabis companies.Like, subscribe, and leave your comments below.#TradeToBlack #CannabisIndustry #Flowhub #OhioCannabis #KlutchCannabis #RubiconOrganics #CannabisEarnings #PremiumCannabis #VantageStandard #CannabisNewsWant to see more Cannabis Reform?🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

The proposed deal combines Curaleaf’s scale, U.S. distribution network, and cash flow with Aurora’s premium genetics, EU-GMP certified production facilities, and established European market share in countries like Germany, Poland, and the UK. While Aurora boasts healthy gross margins near 57%, the company continues to burn cash, losing roughly $7 million per quarter, with SG&A costs exceeding 50% compared to Curaleaf’s 29%. Jordan believes integrating Aurora into Curaleaf’s cost structure could unlock $40-50 million in immediate profitability.The offer includes a mix of cash and Curaleaf stock at a premium to Aurora’s current share price. Aurora’s stock jumped following the announcement, while the company issued a statement saying it is reviewing the proposal without confirming a formal offer exists.This hostile bid represents a broader shift: U.S. multi-state operators are increasingly targeting international expansion without waiting for federal cannabis reform, with Dales noting Curaleaf already leads market share in nearly every European market except Poland.#CannabisNews #CannabisMergers #CannabisStocks #CannabisIndustry #MarijuanaStocks #CannabisMA #CannabisBusiness #CuraleafStock #AuroraCannabis #CannabisMarketWant to see more Cannabis Reform?🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...

In the latest Trade To Black podcast presented by Flowhub, hosts Shadd Dales and Anthony Farrell are back together to highlight some of the breaking news in the cannabis industry as earnings season continues on.In Segment #1, TerrAscend (TSX: TSND) Chairman Jason Wild and CEO Ziad Ghanem join the show to walk through the company’s Q2 2026 results. TerrAscend reported $67.1M in net revenue, modest sequential growth, and a strong 54% gross margin supported by product mix improvements and operational efficiencies. Adjusted EBITDA reached $17.7M, and free cash flow remained positive at $5.7M. The company continued strengthening its balance sheet through an oversubscribed $21.8M convertible debenture financing, extended maturities to 2031, retired higher‑cost debt, and maintained share repurchases. With a special shareholder meeting set for August 24 to vote on share consolidation, TerrAscend is preparing for potential uplisting as its Northeast markets continue to show consistency.In Segment #2, Thomas Winstanley, CMO of Edibles.com, joins the show to discuss the implications of the federal hemp‑THC ban extension. Recent Senate actions have delayed the planned ban, while several states and attorneys general continue pushing for stricter enforcement. Thomas outlines what operators should expect from a regulatory standpoint, how the extension affects the current market, and why the policy environment remains unpredictable as partisan coalitions shift.A straightforward episode focused on earnings, operators, and regulatory movement across cannabis and hemp.#TradeToBlack #Flowhub #TerrAscend #TSXTSND #CannabisEarnings #HempIndustry #RegulatoryUpdate #EdiblesDotCom #CannabisOperators #PolicyNews #HempBan #CannabisStocks #Trump #TrumpAdministration #Cannabis #HempBanDelay Want to see more Cannabis Reform?🎬    • Dr. Oz Pushes to Protect Senior CBD Access...  🎬    • Senate Rejects Budd’s Hemp Ban Amendment |...  🎬    • Hemp Fight Threatens Government Shutdown |...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ 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, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...