Your roundup of all the cannabis investing headlines you need to know as we head into the fall season…
After a number of exciting developments in the cannabis industry over the last few weeks, it’s time for another edition of NICI Snippets so you can easily catch up on all the biggest headlines that investors need to know.
The last time I sent out a NICI Snippets, Planet 13 Holdings Inc. (OTC: PLNHF) had just announced its newest location in Chicago. Since then, it’s announced yet another major plan for expansion, this time into one of the fastest-growing medical cannabis markets in the country.
(In fact, just yesterday, NICI Membership subscribers got the inside track on this exciting new development straight from Planet 13’s co-CEO. Current members can watch our interview here. And if you’re not yet a member, you’re free to go here now to join.)
There’s also been another mega-deal announcement between arguably the most lucrative single-state operator (SSO) in the country and another up-and-coming multistate operator (MSO) by way of a $500 million-plus acquisition.
NICI Snippets: Week of September 8, 2021
- Planet 13 Has Big Plans in the Sunshine State: Florida‘s medical market alone is expected to make up 8% of all legal cannabis sales by 2025 – and Planet 13 knows that. It’s why the company just bought an invaluable vertically integrated license in the state from Harvest Health and Recreation (OTC: HRVSF). Those of you who are NICI Membership subscribers have access to my brand-new interview with Planet 13’s Co-CEO Bob Groesbeck, where he revealed his surprising plan for that Florida license and gave our subscribers an exclusive look at what comes next for the world’s premier cannabis destination. Watch it right here. (And remember – if you’re not yet a member, you can click here to gain access to that and more exclusive interviews, insider insights, and a hand-picked list of our favorite cannabis stocks to own.)
- Trulieve Partners With SLANG Worldwide: Speaking of Florida, its cannabis golden child – Trulieve Cannabis Corp. (OTC: TCNNF) – just entered an agreement to sell SLANG Worldwide Inc. (OTC: SLGWF) products in Massachusetts. SLANG Worldwide produces branded cannabis products that it stocks on dispensary shelves nationwide. Trulieve’s CEO Kim Rivers called SLANG brands “nationally recognized, trusted, and beloved.” That’s why the company agreed to become the exclusive provider of SLANG’s edibles and premium vape cartridges in Massachusetts at its two dispensaries in Northampton and Worcester. Now, I know many of you have questions about the Trulieve stock price and whether the trial of Kim Rivers’ husband has weighed on it – which is why I answered that question and more in my latest Office Hours video right here.
- Sen. Chuck Schumer’s Cannabis Legalization Bill Inches Forward With End of Comment Period: When Senate Majority Leader Chuck Schumer (D-NY) released his Cannabis Administration and Opportunity Act back in July, lawmakers were given until September 1 to submit feedback. Since that deadline has passed, we could soon see changes to the original draft of the bill and some forward movement with federal legalization. The legislative process is complicated. So while lawmakers work out the nitty-gritty of this landmark bill, check out this new audio report from NICI Advisory Board Member Charlie Delvalle, where he shares his response to the bill and details the potential implications for investors like you. Click here to access.
- TerrAscend Announces Plan to Acquire Michigan’s Favorite Cannabis Brand: And last but certainly not least, TerrAscend Corp. (OTC: TRSSF) just announced its plans to acquire Gage Growth Corp. (OTC: GAEGF) – the top cannabis provider in Michigan by way of a $500 million-plus acquisition deal. Once it closes, Gage products could be sold in not one, not two, but four additional states where TerrAscend operates, including California, Maryland, Massachusetts, and New Jersey. And while Illinois and Florida are tied for the biggest cannabis market share by 2025, Michigan stands strong in third place. And TerrAscend just became the future owner of its biggest cannabis provider virtually overnight. To bring you all the details, I sat down with Gage CEO Fabian Monaco for an exclusive one-on-one. Make sure you tune in for our interview, which I’ve included below…
To your investing success,
Executive Director, National Institute for Cannabis Investors
5 responses to “NICI Snippets: Planet 13 Doubles Its Footprint, TerrAscend and Gage Announce a Massive Acquisition Deal, Federal Legalization Makes Progress, and More”
September 08 2021