Cannabis Capital Markets Price Overview:

Overall stocks were mostly down except for the Cannabis financials, but starting today, more earning news will move prices likely

Body and Mind was the top performer and Indiva was the laggard yesterday in the TDR Comprehensive Index!

Cannabis Capital Markets News

Trulieve Cannabis(CSE: TRUL, OTC: TCNNF) reported Q4 and full-year 2023 results with a revenue increase to $287 million and a 54% gross margin. The company registered a net loss of $33 million, adjusted to $23 million. Read all about it on the TDR Website!

Green Thumb(CSE: GTII, OTC: GTBIF) 2023 earnings show revenue growth and strategic expansion, but underscore the need for scrutiny over adjusted financial metrics. Read all about it on the TDR Website!

Verano (Cboe CA: VRNO) (OTC: VRNOF) 2023 financial report was released this morning, revealing a revenue increase to $938M amidst challenges in achieving profitability and reliance on adjusted EBITDA. Read all about it on the TDR Website!

Cannabis Policy Highlights from our Friends at Marijuana Moment:

1. Equity advocates critique Biden's marijuana policy for unmet promises and argue the proposed Schedule III rescheduling falls short of meaningful reform.

   

2. Virginia Legislature passes a bill legalizing retail marijuana sales, sending it to Governor Youngkin for approval.

3. New York's Governor Hochul urges big tech to remove listings for illicit marijuana shops to support the legal market and public health.

4. Ohio has reduced the medical marijuana registration fee to one cent, while New Jersey now provides free digital medical cannabis cards.

Cryptocurrency

Bitcoin's price surged past $60,000, nearing its all-time high amid high market enthusiasm and technical issues on Coinbase platform.

Coinbase users experienced a glitch showing a $0 balance amid a significant Bitcoin price surge, with the company ensuring assets were safe.

AI

Apple CEO Tim Cook announced plans to reveal the company's generative AI strategies later this year, emphasizing significant investments in the technology.

Google CEO Sundar Pichai deemed the Gemini AI's biased and problematic outputs as "unacceptable," leading to its temporary removal for further testing.

Big $$ Volume Big Caps

US stock futures and bonds declined as markets awaited the Federal Reserve's inflation report, with global stocks mixed and cryptocurrency values rising.

Oil prices fell due to rising US stockpiles, overshadowing expectations of continued OPEC+ supply cuts and market uncertainties.

Understanding the Cannabis Market in Germany & IIPR Earnings | Trade To Black

Key Points:

Tax Enforcement in Canada: Analysis of the CRA's actions against delinquent cannabis producers and the impact on the industry, highlighting the debt owed and potential repercussions for companies.

 Canadian Finance Committee Recommendations: Discussion on the proposed excise tax change and its significance for licensed producers, potentially easing financial burdens.

 IIPR's Earnings Report: Detailed review of IIPR's financial health and expansion strategies, emphasizing their presence in 19 states and the focal points of their growth.

 Germany's Cannabis Regulation: In-depth conversation with Pablo Zuanic on Germany's recent cannabis legislation, addressing misconceptions and the actual state of legalization, including its effect on medical and adult-use markets.

This bank is opening its doors to Cannabis