Home Enterprise holdings We Liked the July Action for Cannabis Stocks – New Cannabis Ventures

We Liked the July Action for Cannabis Stocks – New Cannabis Ventures


You’re reading a copy of this week’s edition of New Cannabis Ventures’ weekly newsletter, which we’ve been publishing since October 2015. The newsletter includes unique information to help our readers stay ahead of the game as well as links to the most important events of the week. new.


5 weeks ago we published here how “extremely oversold” cannabis stocks were at the time. In this newsletter, we pointed out that investor sentiment was too negative at the time, and we believe investors are still not so optimistic about the sector.

July was a great month for cannabis stocks. It was a very short month for traders at only 20 days, but the optimism we expressed in June paid off. Our three model portfolios at 420 Investor rose 19.3-21.7% during the month, well ahead of the index.

In July, the Global Cannabis Stock Index rebounded 4.3%, less than half the return of the S&P 500, which gained 9.2%. While our sector lagged, this was the first monthly gain in 17 months. We took off from the lowest closing price in its nearly 10-year history on June 30.

Last week, our sector lost 4.6%, while the S&P 500 gained 4.3%, distorting the month’s relative performance. Despite the delay, we are encouraged by the action. MSOs, as measured by the American Cannabis Operators Index, rose sharply during the month. This index gained 18.8% during the month. We will publish an article later today that will explain the move. As for MSO shares in the Global Cannabis Stock Index, all six rallied, with Cresco Labs, up 36.6%, and Green Thumb Industries, up 14.8%, leading the way. We wrote about performance last week, and there were three declines of over 20% that held this index back. The median of index names beat the average by 1.2%.

We remain optimistic for the second half of the year, noting low valuations, negative sentiment and improving fundamentals due to several states launching adult use.

TILT Holdings, a combination of large cannabis companies that provide products and services to companies operating in the industry, will release its second quarter results on August 15. Analyst expectations point to 15% annual growth in second-quarter revenue to $56 million, with adjusted EBITDA expected to be $5 million. TILT Holdings, which grew 17.7% in July, has a unique business model, an ancillary company with cannabis operations in three states with a fourth launch soon. Earlier this month, the company, in partnership with the Shinnecock Indian Nation of New York, opened a historic tribal-owned cannabis business in Southampton, NY.

Keep up to date by visiting the TILT Holdings Investor Dashboard which we maintain on their behalf as a client of New Cannabis Ventures. Click the blue Follow Business button to keep up to date with its progress.


Cannabis technology company Fyllo offers regulatory software solutions as well as marketing solutions for the industry. We last spoke with CEO and Founder Chad Bronstein in 2020 when the company was in the process of integrating the acquisition of CannaRegs. In this exclusive interview, we catch up to see how the company has grown since then.

The global cannabis stock index posted a gain for the first time in 17 months, rising 4.3% in July. The index, which includes 26 names, is down 53.1% this year so far after falling 26% in 2021. We discuss both the strongest and weakest stocks in this exclusive.


XS Financial provided a $15 million leasing facility to Green Dragon/Eaze with an immediate drawdown of over $2 million to purchase equipment. The equipment will lead to upgrades to existing processing facilities and construction for their expansions in Colorado and Florida. “Having access to non-dilutive financing is a huge win for our shareholders,” said Trey Handley, CFO of Green Dragon/Eaze.


Despite the strong performance of its Zig-Zag and Stoker products, Turning Point Brands reported second-quarter net sales fell 16.1% year-on-year to $102.9 million. Zig-Zag and Stoker’s Products combined net sales showed resilience, declining 0.9% for the quarter.

Tilray Brands reported fourth-quarter cannabis revenue fell 3% sequentially to $53.3 million. President and CEO Irwin D. Simon said, “Over the past year, we have accelerated the optimization of our operations and refined the execution of our most profitable core business opportunities in the areas of medicine, adult, wellness and alcoholic beverages in Canada and Europe. , and the United States”

For real-time updates, download our free mobile app for Android or Apple devices, like our Facebook page, or follow Alan on Twitter. Share and learn about industry news with like-minded people on the largest group of cannabis investors and entrepreneurs on LinkedIn.

Get ahead of the crowd! If you’re a cannabis investor and find value in our Sunday newsletters, subscribe to 420 Investor, Alan’s comprehensive stock due diligence platform since 2013. Get immediate access to in-depth, real-time news and market insights from the publicly traded cannabis industry, including daily videos, weekly chats, model portfolios, a community forum and more.

Use the professionally managed suite of NCV cannabis stock indices to monitor the performance of publicly traded cannabis companies within the day or over longer periods. In addition to the comprehensive Global Cannabis Stock Index, we offer a family of indices to track Canadian licensed producers as well as the American Cannabis Operator Index and Ancillary Cannabis Index.

Check out the Public Cannabis Company Revenue & Income Tracker, which ranks the top revenue-generating cannabis stocks.

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Check out new listings coming soon with Cannabis Stock IPOs and new issues tracker.

Alain and Joel

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Alan Brochstein, CFA

Based in Houston, Alan draws on his experience as the founder of the online community 420 Investor, the cannabis industry’s first and still largest public equity-focused due diligence platform. With his vast network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Prior to focusing on the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as a freelance research analyst after more than two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 on Seeking Alpha, where he has 70,000 subscribers, Alan is a frequent speaker at industry conferences and a frequent source for the media, including the NY Times, Wall Street Journal, Fox Business, and BloombergTV. Contact Alan: Twitter | Facebook | LinkedIn | E-mail

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