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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.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Cannabis stocks started strong last week but faded on Friday. MSOS dropped 2.50% over the five sessions, while YOLO fell 1.73%.</li><li>Ascend (CSE: AAWH, OTCQX: AAWH) rallied 12.18% following its debt refinancing, while Jushi (CSE: JUSH, OTCQX: JUSHF) lost the most at -9.84%.</li><li>Ascend (CSE: AAWH, OTCQX: AAWH) announced on Monday it successfully refinanced its debt.</li></ul>

Cannabis stocks started strong last week but faded on Friday. MSOS dropped 2.50% over the five sessions, while YOLO fell 1.73%.Ascend (CSE: AAWH, OTCQX: AAWH) rallied 12.18% following its debt refinancing, while Jushi (CSE: JUSH, OTCQX: JUSHF) lost the most at -9.84%.Ascend (CSE: AAWH, OTCQX: AAWH) announced on Monday it successfully refinanced its debt.

The Highlights - Cannabis News for the Week Ending July 19, 2024

<ul><li>It was a lackluster week for cannabis stocks, with the US cannabis MSOS ETF sliding 3.87%, while the global YOLO dropped 4.27%.</li><li>Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) was the only major MSO in the black, as investors were modestly encouraged by the Boston Beer Company (NASDAQ: SAM) conversation.</li><li>Last Tuesday, we learned Green Thumb Founder, Chairman, and CEO Ben Kovler sent a letter to Boston Beer’s Founder and Chairman James Koch proposing a merger between the two companies. </li></ul>

It was a lackluster week for cannabis stocks, with the US cannabis MSOS ETF sliding 3.87%, while the global YOLO dropped 4.27%.Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) was the only major MSO in the black, as investors were modestly encouraged by the Boston Beer Company (NASDAQ: SAM) conversation.Last Tuesday, we learned Green Thumb Founder, Chairman, and CEO Ben Kovler sent a letter to Boston Beer’s Founder and Chairman James Koch proposing a merger between the two companies. 

The Highlights - Cannabis News for the Week Ending June 7, 2024

<ul><li>MSOS fell 14.90% last week, while YOLO dropped 8.72%. Of the larger MSOs, Verano (NEO: VRNO, OTCQX: VRNOF) got hit hardest at -20.77%.</li><li>MariMed (CSE: MRMD, OTCQX: MRMD) at -4.61% and Cannabist (NEO: CBST, OTCQX: CBSTF) at -7.43% held up best, but the entire top 10 was down last week.</li><li>Cannabis stocks continue to sell off in the face ostensibly good news</li></ul>

MSOS fell 14.90% last week, while YOLO dropped 8.72%. Of the larger MSOs, Verano (NEO: VRNO, OTCQX: VRNOF) got hit hardest at -20.77%.MariMed (CSE: MRMD, OTCQX: MRMD) at -4.61% and Cannabist (NEO: CBST, OTCQX: CBSTF) at -7.43% held up best, but the entire top 10 was down last week.Cannabis stocks continue to sell off in the face ostensibly good news

The Highlights - Cannabis News for the Week Ending May 24, 2024

Transport Sector, China and Asia-focused Research

Charles De Trenck

Equity Bottom-Up

We are at the start of a new page for an old industry, with marijuana becoming legal in many markets faster than we could have imagined a decade ago. The move this week by<a href="https://www.smartkarma.com/entities/8065" target="_blank" data-smartkarma-citation="entities:8065:1">Constellation Brands Inc A (STZ US)</a> to increase its stake in <a href="https://www.smartkarma.com/entities/25083" target="_blank" data-smartkarma-citation="entities:25083:1">Canopy Growth (WEED CN)</a> is a game changer.Some US states have made the move into medical and recreational marijuana, with California becoming the big catch in Jan 2018. We all know this, and this has been reflected in share prices of many counters in 2017-18 rallies.…

We are at the start of a new page for an old industry, with marijuana becoming legal in many markets faster than we could have imagined a decade ago. The move this week byConstellation Brands Inc A (STZ US) to increase its stake in Canopy Growth (WEED CN) is a game changer.Some US states have made the move into medical and recreational marijuana, with California becoming the big catch in Jan 2018. We all know this, and this has been reflected in share prices of many counters in 2017-18 rallies.…

Cannabis: Game Change Buy In from Alcoholic Beverages Player (Constellation Brands + Canopy Growth)

United States

General Cannabis Corporation provides services to the regulated cannabis industry. The Company does this through operating divisions such as security, marketing, operational consulting, apparel, wholesale supply products, real estate and financing.

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General Cannabis Corp (CANN US)

The Highlights - Cannabis News for the Week Ending July 19, 2024

Ascend (CSE: AAWH, OTCQX: AAWH) rallied 12.18% following its debt refinancing, while Jushi (CSE: JUSH, OTCQX: JUSHF) lost the most at -9.84%.

Water Tower Research

The Highlights - Cannabis News for the Week Ending June 7, 2024

Green Thumb Industries (CSE: GTII, OTCQX: GTBIF) was the only major MSO in the black, as investors were modestly encouraged by the Boston Beer...

Water Tower Research

The Highlights - Cannabis News for the Week Ending May 24, 2024

MSOS fell 14.90% last week, while YOLO dropped 8.72%. Of the larger MSOs, Verano (NEO: VRNO, OTCQX: VRNOF) got hit hardest at -20.77%.

Water Tower Research

Cannabis: Game Change Buy In from Alcoholic Beverages Player (Constellation Brands + Canopy Growth)

We are at the start of a new page for an old industry, with marijuana becoming legal in many markets faster than we could have imagined a decade...

Charles De Trenck

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