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Cannabis Operator Green Thumb Industries to Sell 10 Million Shares

Green Thumb Industries (CSE: GTII) (OTC: GTBIF) has filed an S-1 with the SEC to enable it, once the registration is effective, to sell ten million shares. The company, which moved to U.S. GAAP accounting earlier this year and began filing with the SEC then, is describing it as its “initial public offering of securities […]

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Green Thumb Industries (CSE: GTII) (OTC: GTBIF) has filed an S-1 with the SEC to enable it, once the registration is effective, to sell ten million shares. The company, which moved to U.S. GAAP accounting earlier this year and began filing with the SEC then, is describing it as its “initial public offering of securities in the United States,” as all of its previous sales have taken place in Canada.

GTI suggested that the capital will be used to increase its capitalization and financial flexibility , allowing it additional working capital and funding capital expenditures. It may also use a portion to fund investments and acquisitions. The company didn’t specify an  underwriter and said that it will sell securities directly to investors.

The move to sell shares follows a recent private placement equity sale by Curaleaf (CSE: CURA) (OTC: CURLF), which announced that it will be filing a shelf-registration to sell additional equity. The company said that it has no plans to sell stock in the near-term and described the pending action on the recent conference call as good financial management. Peers Cresco Labs (CSE: CL) (OTC: CRLBF) and Trulieve (CSE: TRUL) (OTC: TCNNF) previously filed shelf registrations, though neither of them has sold equity since filing them.

The leading MSOs have been able to raise debt capital as well as secure sale-leaseback transactions, and they have moved to generate positive free-cash flow. On its recent conference call, Curaleaf Chairman Boris Jordan suggested that potential borrowing costs have declined significantly over the past few months.  In a research piece provided to subscribers at 420 Investor in May, I suggested that the largest MSOs would look to raise capital when the share prices improved. At the time, there was some risk that the companies could face some risk with near-term debt maturities, but the operating environment has become much more robust. In fact, GTI announced that it extended its debt by a year from 2022 to 2023. Now, raising equity seems to be more about growth capital for in-market expansion, whether through taking advantage of M&A or investing in expansion projects, or potentially pursuing additional markets.

Over the past three months, the stocks of the four largest MSOs have increased sharply but have pulled back this week:

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Alan Brochstein, CFA
Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email


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Source: https://www.newcannabisventures.com/cannabis-operator-green-thumb-industries-to-sell-10-million-shares/

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Newbie q: Is Broad Spectrum worth taking over Isolate?

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Does the extra substances in Broad spectrum really have any benefit without any THC?

I read the following but I dont know enough yet to agree or not: “You cannot get an entourage effect without THC. You cannot therefore completely extract the THC and call it anything but an isolate. You most certainly cannot claim it gives “the benefits of a full spectrum” because it literally cannot do so. There is no such thing as “broad spectrum.” It’s a nonsense term that companies selling isolates are using to trick you into buying their weakened products.”

What are the thoughts of people, esp. those who’ve tried broad and isolate?

Source: https://www.reddit.com/r/CBD/comments/jkz9ic/newbie_q_is_broad_spectrum_worth_taking_over/

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HOPE™ Products for Autism Launch in Australia After Earlier US Debuts in Pennsylvania and Louisiana

Zelira Therapeutics Ltd (ASX: ZLD, OTCQB: ZLDAF) just announced that its proprietary cannabinoid medicines, HOPE 1™ and HOPE 2™are now available by prescription to patients in Australia. The HOPE™ forumations, developed by Zelira and noted autism advocate Erica Daniels, first launched in 2019 in Pennsylvania and this fall in Louisiana.  “We have had great success […]

The post HOPE™ Products for Autism Launch in Australia After Earlier US Debuts in Pennsylvania and Louisiana appeared first on Green Market Report.

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Zelira Therapeutics Ltd (ASX: ZLD, OTCQB: ZLDAF) just announced that its proprietary cannabinoid medicines, HOPE 1 and HOPE 2are now available by prescription to patients in Australia. The HOPE™ forumations, developed by Zelira and noted autism advocate Erica Daniels, first launched in 2019 in Pennsylvania and this fall in Louisiana. 

“We have had great success with HOPE™ in the US and are thrilled to be able to offer it to patients as a treatment option through the Therapeutic Goods Administration’s (TGA) Special Access Scheme,” says Osagie Imosogie, Chairman of Zelira Therapuetics. “Zelira is proud of this latest achievement in our mission to bring cannabinoid medicine to patients around the world.”

The HOPE cannabinoid medicines were developed to support the needs of patients with Autism Spectrum Disorder (ASD) by Daniels and Zelira Therapeutics, which then licensed the proprietary formulas to Ilera Healthcare in Pennsylvania and Ilera Holistic Healthcare in Louisiana. HOPE has since established itself as one of the top selling formulated medicinal cannabis products in Ilera Healthcare’s portfolio. 

“Autism families are finally beginning to have access to a truly better alternative than the harsh pharmaceuticals of the past and I am so proud that HOPE is now available in Australia,” says Erica Daniels, founder of Hope Grows for Autism and co-creator of the HOPE forumalations. “What started off as a labor of love to find a way to treat my own son is now helping parents around the world.” 

HOPE is part of Zelira’s family of revenue generating medicinal cannabis formulations. The products consist of two pharmaceutical-grade proprietary formulations developed as pharmaceutical-grade products targeting Autism Spectrum Disorder (ASD) as a disease indication. 

“Following the success of the HOPE™ launches in Pennsylvania and Louisiana, we are excited to make these products available to patients and physicians in Australia,” says Dr. Richard Hopkins, Zelira’s global Managing Director. “This represents another key milestone in our commitment to bring the benefits of HOPE to patients in global markets.”


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Source: https://www.greenmarketreport.com/hope-products-for-autism-launch-in-australia-after-earlier-us-debuts-in-pennsylvania-and-louisiana/?utm_source=rss&utm_medium=rss&utm_campaign=hope-products-for-autism-launch-in-australia-after-earlier-us-debuts-in-pennsylvania-and-louisiana

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How long till I have a “normal” THC high again after vaping CBD?

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This week I started vaping CBD to try and cut back on my weed consumption during the week as it was starting to interfere with my college classes. The results have blown me out of the water so far, but I’ve also noticed how dampened my THC highs have become. I’m fine with it during the week as I don’t feel awful waking up after a late night sesh and can get my stuff done, but over the weekend I like to indulge a little more since I’ve cut back so much during the week. About how long does it typically take after pausing CBD consumption (I last vaped around 6 pm yesterday) to feel a full, normal high? I do appreciate the calm nature of the highs when you’re loaded up with CBD but it’s just not as satisfying for me in my free time. Any help appreciated 🙂

Source: https://www.reddit.com/r/CBD/comments/jky9co/how_long_till_i_have_a_normal_thc_high_again/

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