Episodios

  • Cannabis Stock Earnings Surge 35%, Texas and D.C. Updates
    Apr 29 2025
    In our latest Trade To Black podcast, host Shadd Dales and Anthony Varrell break down the latest developments in the cannabis industry, including updates on SAFE Banking progress and how the top cannabis stocks performed today.First, Cannara Biotech (TSXV: LOVE) reported record Q2 2025 earnings, showing strong momentum across several areas. CFO Nick Sosiak will be joining us to walk through the results. Highlights include net revenues of $26.6 million, a 35% increase year-over-year. Gross profit before fair value adjustments rose 52% to $10.8 million, with gross margins improving to 41%. Cannara also posted its sixteenth consecutive quarter of positive Adjusted EBITDA, more than doubling to a record $7.1 million, up 102% from Q2 2024. National market share expanded to 3.9%, with key growth in Québec, Ontario, and Alberta. Operationally, the company added two new grow zones, boosting total active canopy to over 300,000 sq. ft.Later, Michael Bronstein, President of the American Trade Association for Cannabis and Hemp, joins us to discuss Texas hemp industry developments, adult-use cannabis progress in Pennsylvania, and feedback from the WSWA’s fly-in to Washington lobbying for D9 beverages.#Cannabis #CannabisReform #SafeBanking #Marijuana #Banking #FederalLegalization #CannabisStocks #CannabisNews #MarijuanaStocks #CannabisTrendsWant to see last week's recap? • Trump’s Cannabis Push Headlines Bigge... Want to see more Cannabis Reform videos? • Will TRUMP Legalize Marijuana Banking... • Cannabis Culture, 4/20 History, and t... • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    1 h y 1 m
  • Cannabis Stocks Surge Amid Marijuana Rescheduling Rumors
    Apr 25 2025
    In our latest Trade to Black podcast, hosts Shadd Dales and Anthony Varrell discuss how cannabis stocks are catching a bid amid speculation surrounding marijuana rescheduling and the Trump administration.Cannabis investors saw strong movement in marijuana stocks yesterday, with major names making notable gains. The rally coincided with Weldon Angelos' visit to the White House—perhaps a sign that change is on the horizon. However, skepticism remains. While momentum is building, the DEA is unpredictable, and newly introduced bills face significant legislative hurdles. Key movers included Ayr Wellness (AYRWF), Verano Holdings (VRNOF), TerrAscend (TSND), and Jushi Holdings (JUSHF), along with industry giants Trulieve (TCNNF) and Green Thumb Industries (GTBIF). Dan from the Chart Guys will join us to break down the technicals. What cannabis stocks are showing strength? What support levels should traders watch? And how should cannabis investors approach the price action?Log on to find out. #CannabisStocks #MarijuanaStocks #CannabisIndustry #Investing #TradeToBlack #MarijuanaRescheduling #TrumpAdministration #Trump #CannabisInvestors #PotStocksWant to see the last week's recap? • Congress Highlights Biggest Developme... Want to see more Cannabis Reform videos? • Cannabis Culture, 4/20 History, and t... • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    1 h y 6 m
  • Canopy Growth CEO Targets Adjusted EBITDA for Turnaround Strategy
    Apr 25 2025
    Shadd Dales and Anthony Varrell welcome Luc Mongeau, the new CEO of Canopy Growth (NASDAQ: CGC). Five months into his role, Luc shares insights into the company’s transformation, starting with immediate priorities like operational cleanup and debt reduction. But one focus stands above the rest—driving adjusted EBITDA growth as the clearest path to financial stability and long-term success.Luc outlines how every decision—from streamlining operations to restructuring resources—is being aligned with improving profitability and achieving sustainable positive adjusted EBITDA. He emphasizes that in today’s competitive cannabis industry, profitability, not just scale, is the new benchmark for success.With earnings coming in May, Luc previews the financial messages he hopes to deliver and explains how adjusted EBITDA serves as a guiding metric across all departments. He also weighs in on global expansion, the strength of Canada’s marijuana medical market, and how experience from the CPG sector is shaping his leadership approach.0:00:00 - Intro0:00:55 - New CEO of Canopy Growth0:01:32 - First 3 months as CEO0:03:30 - Operational priorities and initial changes0:05:38 - Mmedical and Recreational Markets in Canada0:09:15 - Balance Sheet Management and Debt reduction0:11:20 - Canadian market strategy and portfolio optimization0:13:21 - European market opportunities: Germany0:15:17 - Vision for his tenure as CEO0:18:27 - Support from Constellation Brands0:20:01 - Closing remarks and future outlook#CannabisStocks #CanopyGrowth #MarijuanaStocks #CGC #AdjustedEBITDA #CannabisCEO #CannabisReform #CannabisIndustry #PotStocks #CannabisInvestingWant to see the last week's recap? • Congress Highlights Biggest Developme... Want to see more Cannabis Reform videos? • Cannabis Culture, 4/20 History, and t... • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    21 m
  • STATES 2.0 & PREPARE Act: What Cannabis Investors Need to Know
    Apr 24 2025
    In our latest Trade To Black Podcast presented by AdvisorShares ETF PSIL (NYSEARCA: PSIL), host Shadd Dales and Anthony Varrell welcome Gretchen Gailey, founder of Panoptic Strategies, and a seasoned Washington insider with years of experience in cannabis lobbying. Gretchen's background includes an extensive background with lawmakers and advocacy groups, progressing cannabis reform and bridging the gap between businesses and policymakers.We'll discuss two major marijuana bills filed last week by Congressman Dave Joyce: the STATES 2.0 Act and the PREPARE Act. These bills represent significant steps toward cannabis legalization and reform. The STATES Act addresses prohibitionists by setting up research initiatives, traffic laws, and SAFE Banking provisions. It also tackles 280E, making cannabis companies exempt from its burdensome tax restrictions. Meanwhile, the PREPARE Act helps Congress gradually prepare for full marijuana legalization, aligning federal laws with state-level regulations and opening the door for interstate commerce.Plus, next week marks Unity Week, where advocacy groups will meet with members of Congress to push these bills forward. We'll discuss what the key messaging needs to be.Tap into the emerging psychedelics sector with $PSIL, the AdvisorShares ETF giving investors exposure to a powerful new wave of biotech, therapy, and wellness innovation. https://advisorshares.com/etfs/psil/#Cannabis #MarijuanaLegalization #CannabisReform #CannabisStocks #FederalLegalization #SafeBanking #CongressmanDaveJoyce #CannabisIndustry #HempPolicy #CannabisAdvocacy Want to see the last week's recap? • Congress Highlights Biggest Developme... Want to see more Cannabis Reform videos? • Cannabis Culture, 4/20 History, and t... • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    53 m
  • Congressman Dave Joyce Files Two Bills, Cannabis Industry Reacts
    Apr 22 2025
    In our latest Trade To Black podcast, host Shadd Dales and Anthony Varrell break down some of the latest developments in the cannabis industry, from High Tide’s (NASDAQ: HITI)dispensary expansions to policy reform efforts across North America and Europe.We start with Jushi Holdings (OTCQX: JUSHF), which just opened its fifth Beyond Hello™ dispensary in Ohio—its first in the city of Mansfield—bringing its national footprint to 41 stores. Meanwhile, High Tide Inc. continues its retail dominance in Canada, launching its 196th Canna Cabana store in Cochrane, Alberta, gaining first-mover advantage in an underserved micro-market.Plus we discuss where Canadian cannabis companies are making strategic moves into Germany’s booming medical market, which saw a 272% year-over-year increase in cannabis imports. With over 50% of that product coming from Canada, the opportunity to offset painful excise taxes at home is catching investor attention.In Segment 2, Michael Bronstein from the American Trade Association for Cannabis and Hemp joins us to discuss North Carolina’s HB 1011, a comprehensive medical marijuana bill, and the reintroduction of the STATES 2.0 Act in Washington—a move to align federal marijuana law with state-level legalization and unlock long-awaited reforms like SAFE Banking and marijuana rescheduling. Will it gain traction?Find out more.0:00:00 - intro0:02:07 - Jushi Holdings expansion in Ohio0:05:11 - High Tide's expansion in Alberta0:06:16 - Canadian LPs' global export opportunitiesInsiders Edge Segment with Michael Bronstein0:09:56 - Segment Intro0:11:44 - Texas cannabis and hemp market updates0:24:37 - Dave Joyce's Marijuana bill (States 2.0 Act)0:36:23 - Green Market Report0:37:17 - AI and Future technology0:39:59 - Wrap up and upcoming guests#CannabisNews #CannabisStocks #MarijuanaStocks #CannabisLegalization #CannabisBanking #SafeBanking #StatesAct #CannabisReform #Marijuana #PolicyChange #CannabisIndustryWant to see the last week's recap? • Congress Highlights Biggest Developme... Want to see more Cannabis Reform videos? • Cannabis Culture, 4/20 History, and t... • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    41 m
  • Cannabis Industry Enters New Phase—Will Smart Money Follow?
    Apr 22 2025
    Shadd Dales and Anthony Varrell welcome back cannabis advisor and investor Seth Yakatan to break down a pivotal moment in the cannabis industry.We’ve officially entered what many are calling the “survivor period” in marijuana, where fundamentals are coming to the forefront. The era of easy money is over, and only well-positioned cannabis operators will remain standing. With capital tightening and valuations resetting, the smart money could see this as a key investment opportunity.Seth shares why the long-anticipated wave of consolidation hasn’t fully materialized in the cannabis space, pointing to financial constraints, overleveraged operators, and lack of clarity on rescheduling cannabis at the federal level. As we enter a critical 18-month window, the question is: who will consolidate, and who will be left behind?We also dive into the rise of cannabis beverages, as companies like Curaleaf pivot into hemp-derived products. Is this a smart strategic move—or a risk?Lastly, the AFC Gamma lawsuit signals deeper financial strain across the marijuana industry, with implications for lenders, operators, and investors.0:00:00 - Intro0:01:02 - Seth's activities and conference circuit0:02:40 - Survivor syndrome in cannabis industry0:11:31 - Investment strategies & top-performing companies0:20:43 - Beverage market and CuraLeaf's strategic moves0:26:42 - Recent earnings season highlights0:31:01 - Market saturation and retail licensing0:33:30 - Beverage market potential and future acquisitions0:35:14 - Potential impact of rescheduling on the cannabis industry0:38:20 - Closing remarks and future outlook#Cannabis #CannabisIndustry #CannabisStocks #Marijuana #CannabisInvestment #ReschedulingCannabis #CannabisNews #SmartMoney #HempBeverages #CannabisBusiness #MarijuanaStocks #CannabisCommunity #CannabisTrendsWant to see the last week's recap? • SNDL Headlines a Volatile Week in Can... Want to see more Cannabis Reform videos? • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... • Can Senator Tim Scott REALLY Pass SAF... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    41 m
  • Cannabis Stock Avicanna Reports 51% Year Over Year Over Growth
    Apr 22 2025
    Shadd Dales digs into a big win in the cannabis industry, with special guest Aras Azadian from Avicanna Inc. (TSX: AVCN). The company just had its best year yet, hitting $25.5 million in revenue—a massive 52% jump from the year before. Aras shares what fueled this success and what’s next for Avicanna in 2025.We breakdown key metrics that included improved gross margins, up to 51%, and the 94% surge in gross profits. The discussion also touches on the company’s efforts in reducing its adjusted EBITDA loss by 68%, signaling a strong move toward profitability.Plus, we discuss the podcast explores Avicanna’s global expansion strategy, its key priorities for 2025 and 2026, and the recent news about delays in financial filings. This is an episode that includes latest cannabis trends, the international medical marijuana opportunity, and and market insights.0:00:00 - Intro0:01:07 - Discussion of Avicanna's best year and medical business model0:04:04 - International medical cannabis opportunities0:08:06 - Revenue growth and Shoppers Drug Mart acquisition0:11:24 - Gross margin improvements and business strategy0:15:24 - Engagement with Canadian Pain Society0:19:56 - Research and development studies0:23:52 - Future growth potential in European and other markets0:25:48 - Explanation of audit filing delay#CannabisNews #CannabisEconomy #CannabisCommunity #MedicalMarijuana #MarijuanaStocks #CannabisInvestment #CannabisTrends #CBD #CannabisRescheduling #marijuanarescheduling Want to see the last week's recap? • SNDL Headlines a Volatile Week in Can... Want to see more Cannabis Reform videos? • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... • Can Senator Tim Scott REALLY Pass SAF... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...
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    29 m
  • Hemp vs Cannabis: Industry Tensions, Reform, and Market Reality
    Apr 17 2025
    In our latest Trade To Black podcast, host Shadd Dales and Anthony Varrell tee up a powerful episode featuring Jim Higdon, CEO of Cornbread Hemp, and Anthony Coniglio, CEO of NewLake Capital (OTCQX: NLCP).Jim Higdon takes us inside the growing tension between the hemp and cannabis industries—two sectors that share the same plant but play by very different rules. Higdon discusses the regulatory gray area that continues to frustrate licensed cannabis operators, particularly when it comes to synthetic cannabinoids like Delta-8 and Delta-10, which are being sold with little to no oversight. He explains why Cornbread Hemp has taken a different route—focusing strictly on compliant, full-spectrum CBD products—and how the hemp industry can clean up its own act before federal reform steps in. Jim also shares what he believes needs to change in the next version of the Farm Bill to create a level playing field.Later, Anthony Coniglio joins us to address the wave of lease defaults in the cannabis industry, shedding light on what’s really happening in the capital markets.#CannabisIndustry #Hemp #CannabisReform #CannabisNews #CannabisStocks #MarijuanaIndustry #CBD #BusinessNews #CannabisTrends #CannabisCommunityWant to see the last week's recap? • SNDL Headlines a Volatile Week: Top D... Want to see more Cannabis Reform videos? • Can Cannabis Stocks Stay Resilient Am... • Hemp Market Chaos: Is It Time for a C... • Trump’s Drug Policy Skips Cannabis, R... • Can Senator Tim Scott REALLY Pass SAF... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:sdales@thedalesreport.comAll views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te..
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    1 h y 11 m
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