Cannabis Insight | Call Invite, QA, OH Trends, CGC - 2.21.1

Consumables Q&A CALL Invite


  • Discuss the pushback and feedback from our recent Black Book calls.
  • Provide thoughts for 2023.
  • Discuss 4Q22 earnings.
  • Discuss the most common and noteworthy inbounds we have received in the past month.
  • Revisit changes to our Position Monitors.
  • Provide updates on some of our best ideas.
  • Discuss recent trend changes in consumer spending.


  • Date & Time:  Friday, Febuary 24 @ 10AM ET.
  • Webcast & Slides: CLICK HERE


Canopy Growth (CGC) announced this morning that an institutional investor agreed to purchase US$150 million aggregate principal amount of the company's senior unsecured convertible debentures. Pursuant to the terms of the Agreement, the Institutional Investor purchased an initial US$100,000,000 of the Convertible Debentures and an additional US$50,000,000 of the Convertible Debentures will be purchased in the event that certain conditions outlined in the Indenture are satisfied or waived. "Canopy Growth is executing a strategy focused on accelerating growth and profitability by transforming our Canadian operations and fast-tracking entry into the U.S. market," said Judy Hong, Chief Financial Officer of Canopy Growth. "Building on other recent actions taken to enhance cash flow, this attractive capital immediately adds to Canopy Growth's cash on hand and provides additional flexibility to continue advancing strategic priorities".  

Ohio Cannabis Trends

In the month of January, Ohio recorded ~$36M in cannabis sales, which represents a sequential decline of 1% and is growing 1.9% YoY. Ohio cannabis sales trends have been pretty consistent since 2021 with sales coming in at the mid $30M range. The market has not seen any growth in that time frame. 

Cannabis Insight | Call Invite, QA, OH Trends, CGC - 2.21.2

Cannabis Insight | Call Invite, QA, OH Trends, CGC - 2.21.3