💸 The Tape

Cansortium Reports Q3

Cansortium Inc. (CSE: TIUM.U, OTCQB: CNTMF), the vertically-integrated multi-state cannabis company behind the FLUENT™ brand, just wrapped up another impressive quarter. CEO Robert Beasley is all smiles, boasting about the company's 12th consecutive quarter of positive cash flow and steady year-over-year revenue growth.

In Florida, Cansortium has been busy expanding its cultivation canopy to meet the robust medical market demand. With plans to add four new stores in 2025, they're not letting the failed Amendment 3 slow them down. FLUENT remains committed to serving Florida's medical cannabis patients, ensuring no financial dependencies on the adult-use measure.

Looking ahead, Cansortium's recent loan refinancing and upcoming business combination with RIV Capital are set to position the company for a stellar 2025. Integration activities are already underway, and the combined talents of both teams are expected to scale market share in New York. With eyes on growth opportunities in Pennsylvania and Texas, Cansortium is ready to take on the cannabis world.

Q3 2024 Financial Highlights

• Revenue: Up 3.5% to $26.1 million compared to $25.3 million in Q3 2023.

• Florida Revenue: Increased by 3.6% to $22.0 million from $21.3 million.

• Gross Profit Before Fair Value Adjustments: $14.3 million (54.6% of revenue), up from $13.7 million (54.0% of revenue).

• Adjusted EBITDA: Slight dip to $7.5 million from $7.7 million, due to higher general and administrative expenses.

• Cash Flow from Operations: $9.6 million, a significant jump from $7.1 million in Q3 2023.

• Cash and Debt: $8.9 million in cash and cash equivalents, with $74.1 million in total debt.

Recent Operational Highlights

• Store Count: Currently operating 35 stores in Florida, with four more slated for 2025.

• Ruskin Facility: Now operational, first harvest completed, adding 14,000 sq ft of cultivation canopy.

• Rosa Facility: Under construction, first harvest expected by Q2 2025, adding 7,000 sq ft of canopy.

• Hurricane Impact: Minimal damage to facilities and retail locations despite the 2024 hurricanes.

With a robust war chest and a strategic plan in place, Cansortium is well-positioned for future growth in Florida and New York when the merger with RIV Capital goes firm.

📈 Dog Walkers

The Cabana Club Has Gone Global

High Tide Inc. (Nasdaq: HITI) is making waves this Cyber Monday, expanding its innovative Cabana Club membership across the U.S., EU, and UK. The cannabis giant now offers international snacks and confectionery, adding to its impressive line-up of CBD products and accessories. With the global e-commerce market for snacks poised to hit $113 billion, CEO Raj Grover is confident this move will disrupt the industry. The new Cabana Club interface promises instant savings and exclusive deals for members, driving growth and customer satisfaction. High Tide’s track record in Canada suggests a bright future for its international ventures. Cheers to a strategic expansion that’s set to revolutionize the cannabis e-commerce landscape. Get ready to ride the tide!

Tokyo Smoke Survives

Tokyo Smoke, the award-winning cannabis retailer, has successfully wrapped up its restructuring process and exited CCAA protection, following the green light from the Ontario Superior Court of Justice. Most retail locations emerged unscathed, ensuring no hiccups for online business or The High Roller Club. Kicking off the restructuring on August 28, 2024, Tokyo Smoke aligned operations with evolving market conditions. TS Investments Inc. led a stalking horse bid, securing the win. Now, Tokyo Smoke is poised for long-term success, continuing to deliver premium products while providing jobs for hundreds of Canadians. Their commitment to top-tier regulated products and customer education remains strong, setting the stage for a brighter future in the cannabis industry. Cheers to a resilient comeback!

🗞️ The News

Trump’s DEA Pick Celebrated Marijuana Decriminalization Vote In Florida County

How a California pot company went from $575 million in cash to a 'debt death spiral'

Trump’s Choice For Surgeon General Voiced Support For Medical Marijuana, But Also Linked Cannabis Use To Heart Problems

Cansortium Reports Third Quarter 2024 Results

High Tide Marks Cyber Monday by Taking Cabana Club Global

Tokyo Smoke Completes Restructuring Process

📺 YouTube

Psychedelic Lobbyist, Top Gun Fighter Pilot Predict Industry Trends 2025 | Trade to Black

What we covered:

✅ Melissa Lavasani, CEO of Psychedelic Medicine, the leading psychedelics lobbyist firm, along with former Top Gun Fighter Pilot Matthew “Whiz” Buckley will join us.

Topic of conversation? Psychedelic predictions for 2025.

With Robert F. Kennedy Jr.’s recent endorsement of psychedelic research and his role as head of Health and Human Services (HHS), Lavasani will discuss her strategy for speaking with him next year in Washington. She’ll also highlight why U.S. military veterans will play a crucial role in these discussions with elected officials leading into 2025.

Additionally, Buckley will share why he plans to join these conversations and provide staggering statistics, such as how 44 military veterans still commit suicide every single day. He’ll also discuss why he believes big pharma companies will move to acquire leading psychedelic companies in 2025, based on RFK’s recent push for further mental health research and the advancement of the psychedelic industry.