Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>The US cannabis MSOS ETF drifted 1.84% lower, while the global YOLO ETF slid 0.54%.</li><li>Absent meaningful news, cannabis stocks are being pressured while we wait for the 60-day comment period on the <span style="font-size: var(--content-font-size);">proposed rule to reschedule cannabis.</span></li><li>Most of the larger MSOs were down last week, with MariMed (CSE: MRMD, OTCQX: MRMD) at -10.46% and Cannabist (NEO: CBST, OTCQX: CBSTF) at -8.06% losing the most. </li></ul>

The US cannabis MSOS ETF drifted 1.84% lower, while the global YOLO ETF slid 0.54%.Absent meaningful news, cannabis stocks are being pressured while we wait for the 60-day comment period on the proposed rule to reschedule cannabis.Most of the larger MSOs were down last week, with MariMed (CSE: MRMD, OTCQX: MRMD) at -10.46% and Cannabist (NEO: CBST, OTCQX: CBSTF) at -8.06% losing the most. 

The Highlights - Cannabis News for the Week Ending May 31, 2024

<ul><li>Despite relatively strong earnings, the US cannabis MSOS ETF fell 3.52%, while the global YOLO ETF dropped 2.21%.</li><li>With four of the five Tier 1 MSOs reporting, on average they have beaten revenue consensus by 2.27% and adjusted EBITDA consensus by 9.15%. See page two for more details on Tier 1 earnings results.</li><li>Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on Higher Exchanges. </li></ul>

Despite relatively strong earnings, the US cannabis MSOS ETF fell 3.52%, while the global YOLO ETF dropped 2.21%.With four of the five Tier 1 MSOs reporting, on average they have beaten revenue consensus by 2.27% and adjusted EBITDA consensus by 9.15%. See page two for more details on Tier 1 earnings results.Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on Higher Exchanges. 

The Highlights - Cannabis News for the Week Ending May 10, 2024

Equity Bottom-Up

<ul><li>Jushi reported 1Q24 revenue of $65.5 million, which was just below consensus of $65.9 million.</li><li>This represents a decline of 3.4% sequentially and 6.3% Y/Y.</li><li>The Q/Q revenue decline was driven by fewer days in February, a drop in post-holiday spending, and weather-related closures.</li></ul>

Jushi reported 1Q24 revenue of $65.5 million, which was just below consensus of $65.9 million.This represents a decline of 3.4% sequentially and 6.3% Y/Y.The Q/Q revenue decline was driven by fewer days in February, a drop in post-holiday spending, and weather-related closures.

Jushi Holdings Inc. - Margins Improvements Drive AEBITDA Gains

United States

Jushi Holdings Inc. operates as a holding company. The Company, through its subsidiaries, focuses on building a diverse portfolio of high-quality cannabis and hemp products. Jushi Holdings serves customers in the United States.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Jushi Holdings (JUSH CN)

The Highlights - Cannabis News for the Week Ending May 31, 2024

Most of the larger MSOs were down last week, with MariMed (CSE: MRMD, OTCQX: MRMD) at -10.46% and Cannabist (NEO: CBST, OTCQX: CBSTF) at -8.06%...

Water Tower Research

The Highlights - Cannabis News for the Week Ending May 10, 2024

Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on...

Water Tower Research

Jushi Holdings Inc. - Margins Improvements Drive AEBITDA Gains

Jushi reported 1Q24 revenue of $65.5 million, which was just below consensus of $65.9 million. This represents a decline of 3.4% sequentially and...

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)