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- đź‘€ Amendment 3 Is All Systems Go! đź‘€
đź‘€ Amendment 3 Is All Systems Go! đź‘€
William McNarland & Anthony Varrell
May 30, 2024
GM Everyone,
Yesterday, Amendment 3 in Florida got a huge boost after John Morgan officially came out in favor of the campaign. For those who do not know, John was instrumental in getting the medical program passed and donated $8 million of his own money towards the cause. This is a big win, as we have said it is going to take a village, and having major Floridians start to mobilize in favor of Amendment 3 is a huge step in the right direction.
Today’s letter can be read in 6 minutes and 12 seconds.
What's Driving the Market Today?
Futures are down again this morning, here is what is moving the market:
U.S. economic growth and inflation raise doubts on future rate cuts.
Tepid demand for U.S. Treasuries amid heavy debt auctions.
ECB and U.S. bond yields rise on inflation concerns and rate policy.
Global political elections add to market volatility.
Energy sector sees major deals; ConocoPhillips acquires Marathon Oil.
Curaleaf International Leads UK’s Medical Cannabis Research
Facts that matter:
Curaleaf International partners with a task force to position the UK as a leader in cannabis research.
The initiative is co-chaired by notable figures including George Freeman MP and Professor Trevor Jones.
Dr. Mikael Sodergren emphasizes a data-driven, science-led approach to medical cannabis development.
Quick Hit: Curaleaf International is operating in the cannabis industry of the UK. Dr. Mikael Sodergren, Chief Medical Officer of Curaleaf International and a Senior Clinical Lecturer at Imperial College London. On the Wednesday “Trade to Black” Podcast Dr. Sodergren gave insights of Curaleaf’s strategic direction and the recent partnership aimed at advancing cannabis research.Dr. Sodergren’s insights into Curaleaf’s strategic direction and the recent partnership aimed at advancing cannabis research.
TDR Research Initiating Coverage of Green Thumb Industries
Quick Hit: Green Thumb Industries exhibits several strengths that enhance its attractiveness as an investment. The company demonstrates strong cost management and profitability, as reflected in its higher-than-average gross profit margin. Additionally, The company has shown strong cash flow management, with a high Levered Free Cash Flow (LFCF) Margin and significant positive change over the last twelve months. These factors contribute to the company’s financial flexibility and ability to invest in growth opportunities, pay dividends, and weather economic downturns.
Coverage Initiated: New Lake Capital Partners
NewLake Capital stands out in the small-cap stock market for its strong financials and its unique position in the cannabis sector. The company’s business model operates on a simple yet efficient premise where it serves as a landlord to cannabis operations, offering real estate solutions that are both strategic and lucrative.They take in the money from the cannabis companies and manage it. The company takes a narrow, thin charge for doing that.
Cryptocurrencies Increase Trade for Brazilian Importers
Facts that matter:
Brazilian importers are increasingly using cryptocurrencies to pay Chinese suppliers, according to Ripio’s CEO.
Ripio enhances cryptocurrency adoption among Brazilian importers, supporting trade efficiency.
Regulatory changes and corporate comfort will increase cryptocurrency use
Quick Hit: Cryptocurrencies are becoming a significant part of the global financial ecosystem. Ripio CEO emphasizes the practical benefits for Brazilian importers when using it. These benefits include faster transaction times and reduced costs compared to traditional banking methods. The use of digital currencies streamlines cross-border payments, enhancing efficiency and reliability for businesses.
Curaleaf and NY York State Marijuana Regulation Update
Join us live Wednesday at 4 pm EST for an episode of Trade to Black with special guest Doctor Mikael Sodergren from Curaleaf, and for an update on marijuana regulation and crack down on illegal cannabis in New York State.
In this episode, TDR Trade to Black podcast hosts Shadd Dales and Anthony Varrell are joined by Dr. Mikael Sodergren who is a Senior Clinical Lecturer at Imperial College London and the Chief Medical Officer of Curaleaf International, where he leads the clinical and pre-clinical cannabinoid research program. In addition, Shadd and Anthony will discuss the recent crackdown on illegal marijuana in New York State.