READY FOR A MARKET RALLY?

At New Cannabis Ventures, analyst Alan Brochstein is bullish:

• He anticipates solid revenue growth and improved profitability to emerge in the coming Q2 earnings reports.
• Furthermore, suggests the possibility Democrats win the Senate in November as a potential catalyst for a pot stock rally.
• In a contrary view, at MJBiz, Mike Regan warns of possible Q2 estimate cuts.
• National Law Review says industry M&A has suffered because of the pandemic.

In other corporate doings:

• A court ruled MedMen owes its Ex-CFO legal fees in his lawsuit against the retailer.
  MJBiz
• A shareholder is ????suing Grassroots Cannabis regarding the price of  a proposed acquisition by MSO Curaleaf.
  Bloomberg Law
• A Green Entrepreneur editorial bemoans the industry’s exclusion by top tier business analysts.
• Bloomberg writes the industry’s struggles have created “distressed opportunities” for investors.
• The New York Times discovered edibles are selling well.

Quick Hit

1. Israel surpassed Germany as the world’s top importer of MED flower.
   MJBiz