Capital Markets Recap of Thursday:

The TDR Comprehensive Cannabis Index increased by 2.19%, which resulted in the TDR Pharma Cannabis and TDR Retail Cannabis Indexes rising by over 3%. Meanwhile, the TDR Crypto Indexes declined by slightly less than 1%, although they experienced significant gains on Wednesday.

Capital Markets this Morning:

The futures are up a bit this morning, here is what is in focus globally for stocks:

• Dollar gains after global rate cuts

• Apple antitrust suit impacts stocks

• US Treasury yields firm above 4.60%

• Mixed overnight earnings reports

• Fed officials set to speak today

Cannabis Capital Markets Price Overview:

The High Flyers yesterday were led by PharmaCielo which was up by just over 19%, and the Low Flyers were led by LFTD, which was down over 16% on the day. Here are the charts of the High and Low Flyers:

Let's examine the highlights from companies in the TDR Comprehensive Cannabis Index!

1. High Tide (Nasdaq: HITI, TSXV: HITI) announces its 3rd Canna Cabana store in Mississauga, Ontario, marking its 166th location in Canada.

2. Tilray (Nasdaq: TLRY, TSX: TLRY) expands Redecan's lineup with Space Age Cake flower, Hemp’d pre-rolls, and a 10-pack Taster Series.

3. 4Front Ventures (CSE: FFNT, OTCQX: FFNTF) launches Crystal Clear Blast in Massachusetts and Illinois and updates on Norridge and Matteson projects.

Cannabis: News

1. Germany's Bundesrat approved the partial legalization of cannabis, effective April 1, allowing adults to possess and consume limited amounts. The full story will be on the TDR Website Shortly!

2. A Canadian federal panel recommends revising cannabis excise taxes based on THC content to address industry challenges.

3. Treasury Secretary Yellen supports passing a bill to resolve banking issues for cannabis businesses amid federal-state policy conflict.

4. A study finds no significant risks in organ donations from marijuana users, challenging restrictions on transplants to cannabis consumers.

   

Cannabis Policy: Highlights from our Friends at Marijuana Moment

1. The VA supports amending a medical marijuana bill for veterans but opposes a psychedelics measure, citing it as unnecessary.

2. Washington's governor signs a law exempting medical marijuana patients from the state's 37% cannabis excise tax on DOH-compliant products.

3. Congressional leaders propose continuing to block D.C. marijuana sales while funding psychedelics studies in a new spending bill.

4. The Idaho Senate voted against a bill to ban marijuana advertisements, with concerns about unintended consequences and its broad application of federal law.

5. A lawsuit led by a Pennsylvania prosecutor and advocacy groups argues the federal gun ban for medical marijuana users is unconstitutional, lacking historical precedent.

6. Delaware senators have approved a bill to expand medical marijuana access, allowing doctors to recommend cannabis for any condition and patients 65+ to self-certify without a doctor's recommendation.

Psychedelic News:

1. Numinus Wellness (TSX: NUMI, OTCQX: NUMIF) submits a Clinical Trial Application to Health Canada for MDMA-assisted psychotherapy in a group model. Read all about it on the TDR Website!

2. MindBio (CSE:MBIO) initiates Phase 2B take-home microdosing LSD trial for Major Depressive Disorder treatment, following successful Phase 2A results.

3. Silo Pharma (Nasdaq: SILO) licenses SPC-15 for PTSD and stress-induced anxiety, aiming for FDA pre-IND submission by Q2 2024.

4. Mydecine Innovations Group (CSE: MYCO, OTC: MYCOF) settles $50,000 debt with shares, preserving cash for working capital.

Crypto and Miners

1. TeraWulf (Nasdaq:WULF) reports a 360% revenue increase and a 550% rise in BTC mined in 2023, with a cost of power at 3.2 cents per kWh. Read all about it on the TDR Website!

   

2. Bitcoin ETFs experienced a record $742m outflow over three days, despite overall strong investment since launch.

3. Coinbase's chief lawyer calls for SEC approval of Ethereum ETFs, highlighting Ethereum's long-standing classification as a commodity.

AI

1. The UN unanimously adopted a global resolution on AI, aiming to protect human rights and monitor AI risks. Read all about it on the TDR Website!

   

2. Microsoft introduces Surface Pro 10 and Surface Laptop 6 for Business, featuring new Intel Core Ultra processors and AI capabilities.

3. Sam Altman's stake in Reddit increased to over $613 million following the company's successful NYSE debut.

   

Big $$ Volume Big Caps

1. Reddit's (NYSE: RDDT) shares surged 48% in its NYSE debut, raising $750 million with an opening price of $47 and a closing market cap of $9.5 billion.

2. Micron Technology (MU) reports Q2 fiscal 2024 revenue of $5.82B and GAAP net income of $793M, forecasting Q3 revenue at $6.6B.

3. The Justice Department sues Apple (AAPL), alleging it has illegally monopolized the smartphone market, stifling competition and innovation.

Trade to Black Today at 11am EST Live

In today's episode of the Trade To Black podcast, we take a look into technical analysis of cannabis stocks making significant moves, featuring @chartguys Dan, "The Chart Man." We will also examine the top performers of the week and, of course, everyone's favorite Friday segment, Mic Drop with Guap.

Yesterday’s Trade to Black with Storz & Bickel Vaporizers

In yesterday’s episode of "Trade to Black," we're excited to feature Jürgen Bickel, Managing Director and Co-Founder of Storz & Bickel GmbH @StorzBickelHD. We dive deep into the story behind Storz & Bickel, the globally recognized leader in certified vaporizers. Renowned for their commitment to quality, innovation, and compliance, Storz & Bickel has set the industry standard with products that exemplify German engineering excellence.

Wednesday’s Trade to Black with Matt Hawkins

Tune in to Wednesday’s Trade To Black for an exclusive interview with Matt Hawkins of Entourage Effect Capital, as we dive into cannabis rescheduling and industry insights, plus catch our Into the Wire segment for the latest market-moving news.