It was a big week on the green side of Wall Street with several major players beating analyst expectations for Q2.
- MSOs Columbia Care, Trulieve, Curaleaf, Green Thumb Industries, Ascend Wellness, Harvest — which has entered an agreement to be acquired by Trulieve — iAnthus, Verano and Acreage all reported significant revenue gains.
- Other companies reporting significant revenue gains included: Agrify, a maker of hardware and software for growers; WM Technology, Weedmaps; hydroponics distributor Hydrofarm, Nevada operator Flower One, hydroponics retailer Grow Generation and indoor grow designer Urban-Gro,
Bold = Positive net income for Q2
New Cannabis Ventures’ Alan Brochstein says the longer legalization takes, the better it is for PotCos.