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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.

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<ul><li>The US cannabis MSOS ETF ended the week +7.05%, while the global YOLO ETF finished +7.03%.</li><li>The MJUS ETF rebalancing drove considerable volatility in the underlying, with MariMed (CSE: MRMD, OTCQX: MRMD) and TerrAscend (TSX: TSND, OTCQX: TSNDF) both up more than 30% in the last five sessions, while Curaleaf (TSX: CURA, OTCQX: CURLF) and Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) ended in the red.</li><li>The top 10 MSOs (by enterprise value) have reported 2Q earnings. </li></ul>

The US cannabis MSOS ETF ended the week +7.05%, while the global YOLO ETF finished +7.03%.The MJUS ETF rebalancing drove considerable volatility in the underlying, with MariMed (CSE: MRMD, OTCQX: MRMD) and TerrAscend (TSX: TSND, OTCQX: TSNDF) both up more than 30% in the last five sessions, while Curaleaf (TSX: CURA, OTCQX: CURLF) and Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) ended in the red.The top 10 MSOs (by enterprise value) have reported 2Q earnings. 

The Highlights - Cannabis News for the Week Ending August 16, 2024

<ul><li>Cannabis stocks started strong last week but faded on Friday. MSOS dropped 2.50% over the five sessions, while YOLO fell 1.73%.</li><li>Ascend (CSE: AAWH, OTCQX: AAWH) rallied 12.18% following its debt refinancing, while Jushi (CSE: JUSH, OTCQX: JUSHF) lost the most at -9.84%.</li><li>Ascend (CSE: AAWH, OTCQX: AAWH) announced on Monday it successfully refinanced its debt.</li></ul>

Cannabis stocks started strong last week but faded on Friday. MSOS dropped 2.50% over the five sessions, while YOLO fell 1.73%.Ascend (CSE: AAWH, OTCQX: AAWH) rallied 12.18% following its debt refinancing, while Jushi (CSE: JUSH, OTCQX: JUSHF) lost the most at -9.84%.Ascend (CSE: AAWH, OTCQX: AAWH) announced on Monday it successfully refinanced its debt.

The Highlights - Cannabis News for the Week Ending July 19, 2024

<ul><li>It was a good week for cannabis stocks, with the US cannabis MSOS ETF gaining 6.15% and global YOLO increasing 5.15%.</li><li>The Cannabist (NEO: CBST, OTCQX: CBSTF) +16.67% was the biggest winner among the larger MSOs, while MariMed (CSE: MRMD, OTCQX: MRMD) -10.53% lost the most.</li><li>Politics continue to drive prices and cannabis investors are showing that they prefer a democratic ticket headlined by Vice President Harris rather than President Biden.</li></ul>

It was a good week for cannabis stocks, with the US cannabis MSOS ETF gaining 6.15% and global YOLO increasing 5.15%.The Cannabist (NEO: CBST, OTCQX: CBSTF) +16.67% was the biggest winner among the larger MSOs, while MariMed (CSE: MRMD, OTCQX: MRMD) -10.53% lost the most.Politics continue to drive prices and cannabis investors are showing that they prefer a democratic ticket headlined by Vice President Harris rather than President Biden.

The Highlights - Cannabis News for the Week Ending July 12, 2024

<ul><li>Cannabis stocks had a volatile week but finished almost exactly flat.</li><li>The US cannabis MSOS ETF ended the five days down 0.27%, while the global YOLO ETF gained 0.43%.</li><li>Among the larger MSOs, Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) at +6.11% and Verano (NEO: VRNO, OTCQX: VRNOF) at +5.49% performed best, while Jushi (CSE: JUSH, OTQCX: JUSHF) had the largest weekly loss.</li></ul>

Cannabis stocks had a volatile week but finished almost exactly flat.The US cannabis MSOS ETF ended the five days down 0.27%, while the global YOLO ETF gained 0.43%.Among the larger MSOs, Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) at +6.11% and Verano (NEO: VRNO, OTCQX: VRNOF) at +5.49% performed best, while Jushi (CSE: JUSH, OTQCX: JUSHF) had the largest weekly loss.

The Highlights - Cannabis News for the Week Ending June 28, 2024

<ul><li>US cannabis stocks climbed higher last week, with the US cannabis MSOS ETF gaining 5.15%, while the global YOLO ETF lost 2.04%.</li><li>Among the larger MSOs, Verano (NEO: VRNO, OTCQX: VRNOF) had the best week, jumping 9.84%.</li><li>Verano rose after sharing it authorized a $50 million share repurchase program on Monday. </li></ul>

US cannabis stocks climbed higher last week, with the US cannabis MSOS ETF gaining 5.15%, while the global YOLO ETF lost 2.04%.Among the larger MSOs, Verano (NEO: VRNO, OTCQX: VRNOF) had the best week, jumping 9.84%.Verano rose after sharing it authorized a $50 million share repurchase program on Monday. 

The Highlights - Cannabis News for the Week Ending June 21, 2024

United States

MariMed, Inc. operates as a pharmaceutical company. The Company specializes in designing, development, operation, funding, and optimization of medical cannabis cultivation, production centers, and dispensaries. MariMed serves customers in the State of Massachusetts.

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MariMed (MRMD US)

The Highlights - Cannabis News for the Week Ending August 16, 2024

The top 10 MSOs (by enterprise value) have reported 2Q earnings. Revenue declined 0.8% Q/Q and grew 4.27% Y/Y, while adjusted EBITDA fell 0.9% Q/Q...

Water Tower Research

The Highlights - Cannabis News for the Week Ending July 19, 2024

Ascend (CSE: AAWH, OTCQX: AAWH) rallied 12.18% following its debt refinancing, while Jushi (CSE: JUSH, OTCQX: JUSHF) lost the most at -9.84%.

Water Tower Research

The Highlights - Cannabis News for the Week Ending July 12, 2024

The Cannabist (NEO: CBST, OTCQX: CBSTF) +16.67% was the biggest winner among the larger MSOs, while MariMed (CSE: MRMD, OTCQX: MRMD) -10.53% lost...

Water Tower Research

The Highlights - Cannabis News for the Week Ending June 28, 2024

Cannabis stocks had a volatile week but finished almost exactly flat. The US cannabis MSOS ETF ended the five days down 0.27%, while the global...

Water Tower Research

The Highlights - Cannabis News for the Week Ending June 21, 2024

US cannabis stocks climbed higher last week, with the US cannabis MSOS ETF gaining 5.15%, while the global YOLO ETF lost 2.04%.

Water Tower Research

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