On our latest Trade To Black podcast, host Shadd Dales and Anthony Varrell unpack a pivotal week for cannabis investors as earnings season kicks off. First up—Trulieve (OTCQX: TCNNF), which reported stable Q1 revenue at $298 million, beating analyst expectations. Margins climbed to 62%, with $109 million in adjusted EBITDA and a healthy $329 million in cash at quarter-end. Despite a net loss of $33 million, the company showed resilience through strong operational cash flow and a robust 4/20 retail performance. Trulieve also expanded with six new dispensaries and debuted its new THC beverage, Onward.TerrAscend Corp. (TSX: TSND) also made headlines, acquiring Union Chill Cannabis Co. in New Jersey—expected to be immediately accretive to both EBITDA and cash flow. Executive Chairman Jason Wild sees an opportunity to boost performance by leveraging premium in-house brands. TerrAscend further expanded in Ohio, now operating 39 dispensaries across six U.S. states and Canada.Plus, Dan Ahrens of AdvisorShares (NYSEARCA: MSOS), joins us to offer institutional insight into the cannabis capital markets. Ahrens breaks down where investors should be focusing this quarter and what the latest earnings reveal about sector health, reform momentum, and long-term growth trajectories.0:00:00 - Intro0:01:07 - Trulieve earnings discussion begins0:02:32 - Trulieve's quarterly performance0:04:18 - GTI earnings 0:05:20 - Trulieve's loyalty program analysis0:12:43 - Ohio market and price compression0:14:22 - TerrAscend in New Jersey and Ohio0:21:50 - Dan Ahrens: MSO, GTI, Trulieve0:42:48 - Industry earnings and hemp market0:49:59 - Pennsylvania cannabis market0:52:38 - Wrap up#CannabisInvesting #CannabisStocks #Trulieve #TerrAscend #MarijuanaStocks #Stocks #SAFEBanking #CannabisEarnings #CannabisReform #EBITDA #CannabisIndustryWant to see the last week's recap?   • DEA Nominee Shakes Up Cannabis Indust...  Want to see more Cannabis Reform videos?   • What Federal Cannabis Legalization Wi...     • Legal Expert Explains Marijuana Resch...     • Trump’s DEA Nominee Signals Cannabis ...     • Will TRUMP Legalize Marijuana Banking...  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...