Live Q&A webcast
We are hosting a live Q&A webcast on January 29 at 2PM EST. Send us your questions and join us for live answers.
- We recently did a deep dive Black Book into Green Thumb Industries, AYR Strategies, and Columbia Care. We will discuss the discussion points we have had with investors.
- We have recently hosted numerous calls with company management teams and industry leaders. We will discuss what we learned and what resonated with us.
- President Joe Biden's first 100 days has begun. Cannabis stocks are discounting some early legislative victories after Democrats won control over the Senate. There have been many supportive comments from Congress regarding cannabis legalization efforts. We will discuss what we think happens next.
A lot has happened in the industry in a short period of time. We hope you can join us.
CLICK HERE for event details including video and materials link.
Michigan start up raises capital
Gage Growth said it raised the maximum amount allowed of $50M in a Regulation A, small investor offering. Gage Growth is a Michigan-based cannabis operator with five dispensaries, three cultivation facilities, and one processing facility. Recreational weed sales in Michigan rose by 482% between January and December of last year. Including medical sales cannabis sales in the state totaled $985M in 2020. Michigan's regulated program launched in late 2019. In December, the company said it raised $20M from JW Asset Management. We recently had a conversation with JW Asset’s Chairman over the future of TerrAscend and the cannabis industry.
For a replay of our fireside chat with JW Asset Management Chairman Jason Wild CLICK HERE.
PA GOING REC in '21?
Pennsylvania’s governor is making marijuana legalization a priority on his list of 2021 legislative priorities. Gov. Tom Wolf (D) said enacting the cannabis policy change should be part of the state’s economic recovery and would also promote social equity. “With neighboring states moving toward legalization, Pennsylvania cannot afford to be left behind. Legalizing adult-use cannabis has strong bipartisan support among Pennsylvanians. The revenue generated from legalization will be used to support historically disadvantaged small businesses through grant funding and provide them the assistance they need to build back from the economic crisis and strengthen our economy.” Since adopting a pro-legalization position, Wolf has repeatedly called on the Republican-controlled legislature to pursue the reform.
