Curaleaf Holdings CFO Leafing is a bad sign.
We continue to believe that CURLF is at the bottom of the barrel of operating performance for Tier 1 cannabis companies.
CURLF announced that it had appointed Neil Davidson as Interim Chief Financial Officer, effective March 14, 2022. Mr. Davidson, who served as Curaleaf CFO from 2019-2020 and as Chief Operating Officer until now, will serve in the CFO role while the Company searches for a permanent replacement. Current CFO Ranjan Kalia is leaving the Company to pursue other career opportunities. The CFO is leaving after less than a year with the Company is not a good look. And it comes on the heels of the executive Chairman claiming on the earnings call that his margins were understated due to investment in new markets. While that may be true, that is also true for TCNNF, GTBIF, and VRNOF, all of which have better margins.
In the coming quarters, we expect to see growth slow further for the Company and possibly see goodwill writedowns on some questionable acquisitions they have made recently.
Cory Booker On Cannabis reform & civil rights
Sen. Cory Booker, Guest Writer, for a HUFFPOST article on Cannabis Reform
Will we see a thawing of Mr. Booker's hard-line stance on comprehensive Cannabis reform? Is the following paragraph from the article an acknowledgment from Mr. booker that he might be open to financial reform (SAFE) before comprehensive reform? One can only hope!
We know that our financial system upholds immense barriers to fairness and equality. Studies have shown that Black and Brown entrepreneurs, despite starting new businesses at higher rates than their peers, consistently struggle to access the critical funding they need to invest in their employees, scale up operations, and expand their business. After Congress passed the Paycheck Protection Program in the hopes of assisting small businesses during the COVID-19 pandemic, data now shows that lenders neglected and ignored Black-owned businesses. These disparities in the banking system have seeped into the growing cannabis industry as well. Less than 5% of cannabis businesses are owned by Black people, with many expressing concern that systemic barriers and lack of capital will prevent them from entering the industry altogether.
TerrAscend to Launch Mobile Retail App on the Apple App Store
TRSSF is a LONG - Apothecarium App that Provides Convenient Mobile Retail Options Including Express Pick-Up and Delivery, Where Permitted
TRSSF launched The Apothecarium mobile retail app for Apple iOS devices. Available for download through the Apple App Store for customers in New Jersey and California. Users can now place orders for pickup at The Apothecarium dispensaries in Maplewood and Philipsburg, NJ, as well as delivery and pick-up orders from The Apothecarium Capitola in California. The Company expects to expand the availability of the mobile app across TerrAscend's U.S. footprint of Apothecarium locations in the coming weeks. The Apothecarium app offers a seamless, engaging, and informative way for patients and consumers to order cannabis products online. Customers have access to convenient features like live chat, order tracking and dedicated search functions to help them find the most suitable products for their needs. Apothecarium customers in California will also be able to utilize digital payment and delivery features.
