BIG NAMES FEEL THE CRUNCH

Even with North America “binging” on cannabis, some of the industries’ biggest names continue to face strong headwinds.
Bloomberg

• Canadian giant Canopy Growth reported its second billion-dollar quarterly loss. A Seeking Alpha analyst examines the damage. Equity Guru does too, but meaner.
  MarketWatch
• MedMen reported earnings and “things are not looking great.” Nevada officials are investigating a claims that the company’s co-founders made illegal campaign contributions to Democratic Gov. Steve Sisolak.
  Simply Wall St.
• Business Insider got a hold of Eaze’s current pitch deck and found the company has “vastly scaled back ambitions.”
• Canadian MED outfit Tilray will close a grow it acquired last year.
  MarketWatch
• A report by Canadian consulting firm Bedford Group found underperforming stocks had some of the best paid executives in cannabis.
  Bloomberg
• Caliva confirmed laying off 20 corporate employees at the end of March.
  Business Insider

After 12 straight months of decline, the American Cannabis Operator Index climbed in April and May.
New Cannabis Ventures

Quick Hit

1. Canadian players are pulling out of Jamaica. The decisions owe to the companies’ financial woes and a lack of commitment on export permits from the Jamaican government. ????WW Canada is the best way to follow the Canadian cannabis world.
   Forbes