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Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Despite relatively strong earnings, the US cannabis MSOS ETF fell 3.52%, while the global YOLO ETF dropped 2.21%.</li><li>With four of the five Tier 1 MSOs reporting, on average they have beaten revenue consensus by 2.27% and adjusted EBITDA consensus by 9.15%. See page two for more details on Tier 1 earnings results.</li><li>Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on Higher Exchanges. </li></ul>

Despite relatively strong earnings, the US cannabis MSOS ETF fell 3.52%, while the global YOLO ETF dropped 2.21%.With four of the five Tier 1 MSOs reporting, on average they have beaten revenue consensus by 2.27% and adjusted EBITDA consensus by 9.15%. See page two for more details on Tier 1 earnings results.Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on Higher Exchanges. 

The Highlights - Cannabis News for the Week Ending May 10, 2024

<ul><li>Poseidon co-founders Emily and Morgan Paxhia joined us on the Water Tower Hour podcast to discuss the rescheduling news.</li><li>Those interested can listen to this podcast on Apple Podcasts, Spotify, or on our website.</li><li>On April 30, 2024, the DEA reportedly agreed with the HHS recommendation to reclassify cannabis from Schedule I to Schedule III. </li></ul>

Poseidon co-founders Emily and Morgan Paxhia joined us on the Water Tower Hour podcast to discuss the rescheduling news.Those interested can listen to this podcast on Apple Podcasts, Spotify, or on our website.On April 30, 2024, the DEA reportedly agreed with the HHS recommendation to reclassify cannabis from Schedule I to Schedule III. 

Water Tower Hour Recap - Cannabis Rescheduling Review with Poseidon

<ul><li>The US cannabis MSOS ETF broke a two-week slide and gained 9.51% over the last five sessions.</li><li>The week was shaping up to be negative, until optimism around federal reform caused MSOS to jump 14.91% on Friday.</li><li>This was the biggest one-day return since September 5 and 14.58 million shares traded is the most since September 15.</li></ul>

The US cannabis MSOS ETF broke a two-week slide and gained 9.51% over the last five sessions.The week was shaping up to be negative, until optimism around federal reform caused MSOS to jump 14.91% on Friday.This was the biggest one-day return since September 5 and 14.58 million shares traded is the most since September 15.

The Highlights -  Cannabis News for the Week Ending March 15, 2024

<ul><li>The US cannabis MSOS ETF fell 7.80% last week, its third loss in the last four weeks.</li><li>Earnings this week were relatively strong, but sentiment around federal reform may be driving short-term prices.</li><li>Despite the sell- off, MSOS had $1.8 million in inflows. The global YOLO ETF held up better, losing 1.89% over the last five sessions.</li></ul>

The US cannabis MSOS ETF fell 7.80% last week, its third loss in the last four weeks.Earnings this week were relatively strong, but sentiment around federal reform may be driving short-term prices.Despite the sell- off, MSOS had $1.8 million in inflows. The global YOLO ETF held up better, losing 1.89% over the last five sessions.

The Highlights - Cannabis News for the Week Ending March 1, 2024

<ul><li>The US cannabis MSOS ETF broke a two-week slide and gained 6.77% over the holiday-shortened four- day trading week.</li><li>Once again, the global YOLO ETF lagged at just 0.27% over the same stretch. MSOS is +37.23% YTD, while YOLO is +22.18%.</li><li>The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most Canadian operators.</li></ul>

The US cannabis MSOS ETF broke a two-week slide and gained 6.77% over the holiday-shortened four- day trading week.Once again, the global YOLO ETF lagged at just 0.27% over the same stretch. MSOS is +37.23% YTD, while YOLO is +22.18%.The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most Canadian operators.

The Highlights - Cannabis News for the Week Ending February 23, 2024

United States

The AdvisorShares Pure US Cannabis ETF is an actively managed exchange-traded fund incorporated in the USA.  The fund seeks to seeks long-term capital appreciation by investing in the US Cannabis industry.

AdvisorShares Pure US Cannabis ETF (MSOS US)

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AdvisorShares Pure US Cannabis ETF (MSOS US)

The Highlights - Cannabis News for the Week Ending May 10, 2024

Verano (NEO: VRNO, OTCQX: VRNOF) reported better-than-expected results last week and Co- Founder, Chairman, and CEO George Archos joined us on...

Water Tower Research

Water Tower Hour Recap - Cannabis Rescheduling Review with Poseidon

Poseidon co-founders Emily and Morgan Paxhia joined us on the Water Tower Hour podcast to discuss the rescheduling news.

Water Tower Research

The Highlights - Cannabis News for the Week Ending March 15, 2024

The week was shaping up to be negative, until optimism around federal reform caused MSOS to jump 14.91% on Friday.This was the biggest one-day...

Water Tower Research

The Highlights - Cannabis News for the Week Ending March 1, 2024

Despite the sell- off, MSOS had $1.8 million in inflows. The global YOLO ETF held up better, losing 1.89% over the last five sessions.

Water Tower Research

The Highlights - Cannabis News for the Week Ending February 23, 2024

The discrepancy shows the increased interest in US cannabis due to the potential for rescheduling and the continuing difficult environment for most...

Water Tower Research

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