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- đ The Circus Will Be In Town On 12/2 đ
đ The Circus Will Be In Town On 12/2 đ
GM Everyone,
Buckle up, folks! We got some much-needed details on the upcoming âproceduralâ ALJ hearing on rescheduling set for December 2. The hearing will be livestreamed, which caught many by surprise. Weâll be livestreaming the livestreamâwhat we're calling âliveception.â So, get your popcorn ready. Yesterday, we also learned that HHS has formally declined the DEAâs invitation to testify at the hearing. HHS has already done their part, and the DEA has stated the process used to reach their memo's conclusions was âlegitâ and reinforced by the OLC. However, if the DEA wants to spice things up, a subpoena might be heading HHS's way.
Signing off until after the holiday. All eyes on 12/2.
A little longer than a 6 minute read.
đ¸ The Tape
Organigram Unleashes Edison Sonics
Grab your hats because Organigram Holdings Inc. (NASDAQ: OGI) is shaking up the cannabis world with the launch of Edison Sonics gummies, powered by their groundbreaking nanoemulsion technology, FASTâ˘. These gummies are not your average edibles; they promise up to 50% faster onset and nearly double the cannabinoids at peak effect. Think of it as the Ferrari of cannabis edibles.
FAST⢠technology, short for Fast Acting Soluble Technology, breaks down cannabinoids into tiny particles for quicker and more efficient absorption. This innovation has been scientifically validated through one of the largest pharmacokinetic studies in the cannabis industry. Itâs like turning your gummies into high-speed trains of euphoria.
Borna Zlamalik, Organigramâs Senior VP of R&D and Innovation, is stoked about this launch, calling Edison Sonics a game-changer. And why wouldn't he be? These gummies are poised to revolutionize the edibles category and redefine the cannabis experience.
Launched with two tantalizing flavorsâKiwi Berry Burst (Sativa) and Red Razz Chiller (Indica)âthese gummies are set to hit all major provinces in early December. Each pack includes two gummies with a total of 10mg THC and 10mg CBD, ensuring a balanced and potent experience.
CEO Beena Goldenberg highlights Organigramâs commitment to consumer-focused innovation, a trait that has set the company apart in a fiercely competitive industry. With products like Rip Strip Hash and first-to-market Edison JOLTS, Organigram continues to push boundaries and deliver revolutionary products.
Edison, inspired by scientific discoveries and a spirit of playful experimentation, aims to bring joy and excitement back to cannabis. With Edison Sonics Gummies, they're not just raising the barâtheyâre catapulting it into the stratosphere.
So, if youâre ready for a cannabis experience thatâs fast, effective, and downright delicious, keep an eye out for Edison Sonics. Organigramâs latest innovation is set to be a hit among cannabis enthusiasts and a testament to the companyâs leading edge in the market.
đ Dog Walkers
GTI Gets A Cashish Injection
Green Thumb Industries Inc. (CSE: GTII, OTCQX: GTBIF) just announced a tidy windfall from a prior loan to Cansortium Inc., netting approximately $23 million of principal plus 13% accrued interest. This boosts their Q3 ending cash balance to a robust $174 million. CEO Ben Kovler, ever the shrewd financial strategist, congratulated Cansortium on their recent move and highlighted Green Thumb's opportunistic investment approach. Kovler's strategy of seeking upside optionality with downside protection paid off, literally, at 100 cents on the dollar. As the cannabis market continues to bloom, Green Thumb is primed to reinvest these funds into new opportunities, keeping their shareholders smiling.
C21 Initiates Buyback Program
C21 Investments Inc. (CSE: CXXI, OTCQX: CXXIF) is gearing up to repurchase up to 6,002,390 common shares, representing about 5% of its outstanding shares, through a normal course issuer bid (NCIB). Kicking off December 2, 2024, and running until December 2, 2025, these shares will be scooped up on the Canadian Securities Exchange at market prices. The buyback will be funded with cash on hand, and shares snagged will be promptly canceled. By gobbling up its own stock, C21 aims to bolster shareholder value, asserting that the current market price undervalues its business prospects.
Cansortium Closes Major Credit Facility
Cansortium Inc. (CSE: TIUM.U, OTCQB: CNTMF) just closed a hefty $96.5 million senior secured credit agreement with Chicago Atlantic Admin, LLC. Sporting a cash interest rate of 12.00% and a PIK interest of 1.00% per annum, this deal refinances their existing $71 million term loan, nixing the $10 million prepayment requirement. CEO Robert Beasley is all smiles, highlighting the non-dilutive structure preserving shareholder value and zero major debt maturities until late 2028. With additional credit lines totaling $25 million and cash inflow from the RIV Capital combination, Cansortium is ready to ramp up strategic acquisitions and growth initiatives in key markets.
đď¸ The News
đş YouTube
Trump Administrationâs Potential Approach to Cannabis Reform | Trade to Black
What we covered:
â In the latest Trade of Black Evergreen Mini video, host Shadd Dales explains what cannabis policy reform could look like under a renewed Trump administration.
Following the 2024 elections, with Republicans controlling the Senate and Trump back in the White House, the political landscape could favor progress on cannabis reform. Key initiatives like the SAFE Banking Act may gain traction, offering cannabis businesses access to financial services while addressing public safety concerns.
The appointments of Pam Bondi as Attorney General and Robert F. Kennedy Jr. as Secretary of Health and Human Services could further shape reform efforts. Bondiâs pragmatic approach could emphasize regulating cannabis banking to reduce crime, while Kennedyâs openness to alternative therapies might lead to rescheduling cannabis, unlocking its medical potential.
With growing bipartisan support and examples of economic success in Republican-led states, this administration could spearhead historic changes in U.S. cannabis policy.