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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>Global equities had a strong week, with the MSCI World Index +2.62% and the S&amp;P 500 +2.55%.</li><li>The NASDAQ jumped 3.25%, while small caps led the rally this week, finishing up 3.69%.</li><li>The advance was driven by signs of a softening labor market that may make the Fed pause further interest rate hikes.</li></ul>

Global equities had a strong week, with the MSCI World Index +2.62% and the S&amp;P 500 +2.55%.The NASDAQ jumped 3.25%, while small caps led the rally this week, finishing up 3.69%.The advance was driven by signs of a softening labor market that may make the Fed pause further interest rate hikes.

The Highlights - Cannabis News for the Week Ending September 1, 2023

<ul><li><span style="font-size: var(--content-font-size);"> NVIDIA ended the week -2.02% but is still +215.02% YTD.</span></li><li><span style="font-size: var(--content-font-size);">It was a quiet week for cannabis stocks and the US cannabis MSOS ETF drifted 1.21% lower.</span></li><li><span style="font-size: var(--content-font-size);"> Curaleaf (CSE: CURA, OTCQX: CURLF) +3.94% and MariMed (CSE: MRMD, OTCQX: MRMD) +3.30% were among the bright spots, while Ascend (CSE: AAWH, OTCQX: AAWH) -13.14% was hit hard again this week.</span></li></ul>

 NVIDIA ended the week -2.02% but is still +215.02% YTD.It was a quiet week for cannabis stocks and the US cannabis MSOS ETF drifted 1.21% lower. Curaleaf (CSE: CURA, OTCQX: CURLF) +3.94% and MariMed (CSE: MRMD, OTCQX: MRMD) +3.30% were among the bright spots, while Ascend (CSE: AAWH, OTCQX: AAWH) -13.14% was hit hard again this week.

The Highlights - Cannabis News for the Week Ending August 25, 2023

<div><div><div><ul><li>Revenue of $129.2 million was +3.8% Q/Q, -0.3% Y/Y, and above consensus of $125.0 million.</li><li>Adjusted gross margins of 40.4% improved 2.1% Q/Q, declined 2.20% Y/Y, and exceeded estimates of 39.0%.</li><li>Expanding East Coast markets drove revenue growth and higher quarterly margins, and were partially offset by price compression in Florida, Illinois, and Massachusetts.</li></ul></div></div></div>

Revenue of $129.2 million was +3.8% Q/Q, -0.3% Y/Y, and above consensus of $125.0 million.Adjusted gross margins of 40.4% improved 2.1% Q/Q, declined 2.20% Y/Y, and exceeded estimates of 39.0%.Expanding East Coast markets drove revenue growth and higher quarterly margins, and were partially offset by price compression in Florida, Illinois, and Massachusetts.

Cannabis - Cannabis News for the Week Ending August 18, 2023

<div><div><div><div><ul style="list-style-type: disc;"><li><p>Global equities slipped this week, with the MSCI World Index down 0.28% and the S&amp;P 500 down 0.26%.</p></li><li><p>The MSCI World and S&amp;P 500 are down 2.85% and 2.65% in August, respectively.</p></li><li><p>After a strong rally from March through July, markets are taking a breather. </p></li></ul></div></div></div></div>

Global equities slipped this week, with the MSCI World Index down 0.28% and the S&amp;P 500 down 0.26%.The MSCI World and S&amp;P 500 are down 2.85% and 2.65% in August, respectively.After a strong rally from March through July, markets are taking a breather. 

The Highlights - Cannabis News for the Week Ending August 11, 2023

<ul style="list-style-type: disc;"><li><p>The Fed raised rates 0.25% at the July FOMC meeting on Wednesday, bringing the fed funds rate to 5.25% to 5.50%.</p></li><li><p>Stocks rallied, as investors sense the Fed may be nearing the end of its rate-hike cycle.</p></li><li><p>The S&amp;P 500 gained 1.05%, while the MSCI World Index climbed 0.82%.</p></li></ul>

The Fed raised rates 0.25% at the July FOMC meeting on Wednesday, bringing the fed funds rate to 5.25% to 5.50%.Stocks rallied, as investors sense the Fed may be nearing the end of its rate-hike cycle.The S&amp;P 500 gained 1.05%, while the MSCI World Index climbed 0.82%.

The Highlights - Cannabis News for the Week Ending July 28, 2023

United States

MariMed, Inc. operates as a pharmaceutical company. The Company specializes in designing, development, operation, funding, and optimization of medical cannabis cultivation, production centers, and dispensaries. MariMed serves customers in the State of Massachusetts.

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MariMed (MRMD US)

The Highlights - Cannabis News for the Week Ending September 1, 2023

Global equities had a strong week, with the MSCI World Index +2.62% and the S&P 500 +2.55%. The NASDAQ jumped 3.25%, while small caps led the rally...

Water Tower Research

The Highlights - Cannabis News for the Week Ending August 25, 2023

NVIDIA ended the week -2.02% but is still +215.02% YTD. It was a quiet week for cannabis stocks and the US cannabis MSOS ETF drifted 1.21% lower.

Water Tower Research

Cannabis - Cannabis News for the Week Ending August 18, 2023

Revenue of $129.2 million was +3.8% Q/Q, -0.3% Y/Y, and above consensus of $125.0 million. Adjusted gross margins of 40.4% improved 2.1% Q/Q,...

Water Tower Research

The Highlights - Cannabis News for the Week Ending August 11, 2023

Global equities slipped this week, with the MSCI World Index down 0.28% and the S&P 500 down 0.26%. The MSCI World and S&P 500 are down 2.85% and...

Water Tower Research

The Highlights - Cannabis News for the Week Ending July 28, 2023

Stocks rallied, as investors sense the Fed may be nearing the end of its rate-hike cycle. The S&P 500 gained 1.05%, while the MSCI World Index...

Water Tower Research

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