Investing in Cannabis: Five Due Diligence Red Flags March 8, 2024 AggregatedNews Cannabis Investments 0 Comments By Griffen Thorne, Attorney at Harris Sliwoski Our cannabis team has performed due diligence on countless business purchases, investments, loans, and just about every other kind of transaction you can imagine. As you can imagine, we’ve seen some pretty bad and even… Read More→
The immediate impact of 280E on price multiples of cannabis companies: Part IV [1][2] February 28, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments 0 Comments By Lane Bruns, CEO of ICANIVEST PART IV: EV/EBITDA Multiple = Enterprise Value(enterprise) /Earnings before Interest Taxes Depreciation and Amortization (enterprise) Recall that the removal of 280E means cannabis companies stop paying taxes on gross margins and start paying taxes… Read More→
The immediate impact of 280E on price multiples of cannabis companies: Part III [1][2] February 27, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments 0 Comments By Lane Bruns, CEO of ICANIVEST PART III:  Price/Earning Multiple  = Market Cap (equity)/ Earnings (equity) Recall that the removal of 280E means cannabis companies stop paying taxes on gross margins and start paying taxes on net income, effectively reducing… Read More→
The immediate impact of 280E on price multiples of cannabis companies: Part II February 22, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments 0 Comments PART II: EV/S Multiple = Enterprise Value (enterprise) / Sales (enterprise) Recall that the removal of 280E means cannabis companies stop paying taxes on gross margins and start paying taxes on net income, effectively reducing tax rate anywhere from ~70%… Read More→
The immediate impact of 280E on price multiples of cannabis companies: PART I [1][2] February 20, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments 0 Comments By Lane Bruns, CEO of ICANIVEST Executive Summary In this 4-part series, we define and analyze the appropriate price multiples to value cannabis companies with and without 280E. In Part 1, we discuss the nuances around using price multiple ratios… Read More→
The Challenge (and Opportunity) of Distressed Assets January 30, 2024 Tom Hymes Cannabis Investments, News & Insights, Spotlight 0 Comments The cannabis industry is at an interesting point in its journey towards a destination of which it remains clueless, and the stress of that obliviousness is becoming palpable. The result has been a surfeit of distressed cannabis assets, and with… Read More→
The immediate impact of 280E on cannabis companies’ DCF valuations January 22, 2024 Lane Bruns Banking, Finance & Real Estate, Cannabis Investments, Uncategorized 0 Comments By Lane Bruns, ICANIVEST Executive Summary and Results This article identifies the variables in the DCF (discounted cash flow) valuation model that will immediately change if and when cannabis is rescheduled to a Schedule 3 or below drug. It also… Read More→
Meta Growth Founder & Pals Purchase Pornhub Parent March 22, 2023 Tom Hymes Cannabis Investments, News & Insights 0 Comments A Canadian private equity firm founded last year for this purpose has bought MindGeek, the beleaguered parent of Pornhub and many other well-known adult entertainment assets. Ottawa-based Ethical Capital Partners announced last week that it has acquired Luxembourg-based MindGeek –… Read More→
Curaleaf’s Boris Jordan on Reallocation, SAFE Banking, and Suing New York (Maybe) February 1, 2023 Tom Hymes Cannabis Investments, Company Stories, News & Insights, Spotlight 0 Comments Last week, Curaleaf, one of the cannabis industry’s largest multistate operators by any metric, including international footprint, announced the closure of operations in California, Colorado, and Oregon. The subhead of its press release, “Proactive Exit Will Generate Additional Cash and… Read More→
Cannabis stocks are hot ahead of a House panel hearing on a federal legalization bill March 30, 2022 AggregatedNews Cannabis Investments 0 Comments Investor optimism over the possibility of federal cannabis legalization has contributed to a strong rally in beaten-down pot stocks. The Alternative Harvest ETFÂ has gained more than 10% in March, and its on pace for its best month since February 2021.… Read More→
Investors sour on cannabis after Democrats fail to help industry November 8, 2021 AggregatedNews Cannabis Investments 0 Comments Plummeting stock prices and lack of federal action has soured investors The marijuana industry is in a deep financial funk. Stock prices have plummeted roughly 45 percent since mid-February, according to the AdvisorShares Pure U.S. Cannabis ETF, a popular gauge… Read More→
Data Shows Where the Real Cannabis Opportunities are in the United States September 20, 2021 Susan Gunelius Cannabis Investments, Marketing 1 Comment The cannabis industry is filled with business opportunities across the United States, but identifying the best areas to focus your time and investments can be challenging. With the data in New Frontier Data’s The Global Cannabis Report – Growth and… Read More→
Marijuana Stocks Burn Out as U.S. Legalization Efforts Languish September 1, 2021 AggregatedNews Cannabis Investments 0 Comments Cannabis stocks have plunged 50% from their highs earlier this year as a lack of movement in U.S. legalization efforts has triggered an exodus of retail traders from the sector. Stocks are retreating after starting the year with a bang… Read More→
Cannabis company growing weed in Colombia goes public in US May 12, 2021 AggregatedNews Cannabis Investments, Colombia 0 Comments Most cannabis companies that list their stocks in the United States grow their products in indoor greenhouses, often in Canada. But a company named Flora Growth that went public on the Nasdaq on Tuesday is taking a different approach. Although headquartered in Toronto, its… Read More→
NBA stars John Wall, Carmelo Anthony invest in cannabis company LEUNE April 15, 2021 AggregatedNews Cannabis Investments 0 Comments National Basketball Association stars John Wall and Carmelo Anthony are new investors in a cannabis company. The pair helped California-based LEUNE raise roughly $5 million in a round that includes NBA agent Rich Paul, entertainer La La Anthony, music manager Anthony Saleh… Read More→