Cannabis Capital Markets Price Overview:

Overall, stocks were mostly down yesterday, except for those in the Cannabis Pharma sector. This morning, overall market indicators suggest a soft opening for all stocks.

BZAM is entering creditor protection, and there may not be much value left in their equity. Indiva stood out among all companies with a performance increase of over 20%.

Cannabis Capital Markets News

Chicago Atlantic Real Estate Finance, (NASDAQ: REFI) has extended the maturity of its revolving credit facility to June 2026 and increased the accordion feature to $150 million.

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) has expanded its Florida retail presence with the opening of its 15th RISE Dispensary in Dunnellon

Avant Brands Inc (TSX:AVNT, OTCQX:AVTBF) reported significant growth in its Fiscal Year 2023, with record gross revenues of $30.2 million and a 33% increase from the previous year, alongside strategic acquisitions and global distribution expansion. Read all about it on the TDR Website!

Cronos Group (NASDAQ: CRON, TSX: CRON) reports increased net revenue and a robust cash position, exits U.S. CBD market, enters new international markets, but still faces profitability challenges. Read all about it on the TDR Website!

MariMed Inc (CSE: MRMD, OTCQX: MRMD) has expanded its Vibations cannabis and electrolyte drink mix line with new flavors and a faster-acting formula, enhancing hydration, focus, and energy.

BZAM (CSE: BZAM, OTC: BZAMF) has obtained creditor protection under the CCAA to restructure its business due to financial challenges and market pressures. This is the Canadian version of the US version of Chapter 11. 

Aurora Cannabis (NASDAQ: ACB, TSX: ACB) has repaid its final convertible notes, totaling $465 million since 2021, making its operations debt-free.

Meanwhile in Canada….

Rubicon Organics(TSXV: ROMJ,OTC:ROMJF) has launched its 1964 Supply Co.™ brand Cannabis-Infused Poutine Sauce in Quebec, combining traditional cuisine with cannabis for a unique culinary experience.

Cannabis Policy Highlights from our Friends at Marijuana Moment:

Virginia Governor Glenn Youngkin (R) remains uninterested in signing the marijuana sales bill approved by the Democratic-controlled legislature, as confirmed by his spokesperson to Marijuana Moment. Despite his previous open stance towards regulating the commercial cannabis market, Youngkin has expressed no interest in advancing marijuana legislation, focusing instead on other priorities like education and behavioral health. The bill, which aims to regulate Virginia's existing illicit cannabis market, proposes retail sales starting May 1, 2025, with adults allowed to purchase up to 2.5 ounces of marijuana. Despite legislative efforts and some public support, Youngkin's approval remains uncertain, reflecting ongoing political and public safety debates surrounding cannabis in Virginia.

Cryptocurrency

The price of Bitcoin (BTC) surpassed $64,000 for the first time since November 2021, amid a significant rally and substantial inflows into U.S.-traded spot ETFs.

and then…….

Bitcoin (BTC) price plummeted 7% from a high of $64,000, causing nearly $700 million in cryptocurrency liquidations and significantly impacting the broader digital asset market.

AI

Microsoft (MSFT) introduces AI-powered Copilot for Finance, expanding its suite of generative AI tools across its business platforms to enhance data management and financial reporting.

In a British Columbia, Canada court case, lawyer Chong Ke's use of ChatGPT led to submission errors, prompting the Law Society of British Columbia to advise legal professionals on cautious AI use.

Elon Musk filed a lawsuit against OpenAI and CEO Sam Altman, accusing them of deviating from the company's original non-profit, open-source mission to benefit humanity by focusing on profit and keeping GPT-4's design secret.

Big $$ Volume Big Caps

US futures fluctuated and European stocks pared gains as post-PCE relief faded, with NY Community Bancorp dropping due to loan-risk issues, and Dell surging from AI-driven demand, amidst mixed global economic signals and market responses.

Tesla TSLA is offering discounts and incentives on its Model 3 and Model Y vehicles in China to compete with BYD (BYDDF) amid a price war and challenging market conditions in the electric vehicle sector.

Remember when governments used to give people rebates to buy EV cars, get this news out of Alberta, Canada yesterday: Starting January 2025, Alberta introduces a $200 annual electric vehicle tax aiming to address infrastructure from EV cars being too heavy???

Earnings Analysis For Green Thumb, Trulieve, and Verano | Trade To Black

Join TDR's Trade To Black Podcast for an in-depth exploration of the latest earnings reports analysis from Green Thumb, Trulieve, and Verano. This comprehensive analysis will take you behind the numbers to understand the driving forces shaping the financial landscapes of these leading cannabis companies. We'll dissect their revenue streams, profit margins, and strategic moves in the rapidly evolving cannabis market.

The Best Stock Setups In Cannabis & Crypto | Today at 11am EST

In today's explosive episode of the Trade To Black Podcast, we dive deep into the latest movements and potential shifts in the cannabis industry. Dive into the latest stock setups in the cannabis industry, keeping you ahead of market trends and investment opportunities. Stay updated with the newest headlines affecting your portfolio. Plus, don't miss our "Drop the Mic" segment with Guap.

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