Episode Details

On our latest Trade to Black podcast, host Shadd Dales and co-host Anthony Varrell break down the latest earnings reports from key cannabis companies, including TerrAscend (TSX: TSND) & Ayr Wellness (OTC: AYRWF), and what their latest numbers mean for both company’s moving forward. Next, Jushi Holdings Inc. (OTCQX: JUSHF) CEO Jim Cacioppo will join us. Jushi, a company with over 50% of its dispensary portfolio in Pennsylvania and Virginia, recently posted a strong financial turnaround. The company reduced its net loss from $65.1 million in 2023 to $48.8 million in 2024 while boosting adjusted EBITDA to $46.2 million. We’ll discuss how Jushi has navigated market challenges, expanded its retail footprint, and positioned itself for future growth.Plus, we will welcome back NewLake Capital Partners (OTCQX: NLCP) CEO Anthony Coniglio. NewLake, a leading real estate capital provider in the cannabis space, has grown revenue to $50.1 million, increased its annual dividend by 8.3%, and maintained a disciplined investment strategy. How has NewLake avoided the “whack-a-mole” problems seen with competitors, and what’s their outlook for 2025?Jim Cacioppo Interview0:02:39 - Cash Flow Improvements0:05:00 - Product Strategy & SKUs0:08:57 - Ohio Market Expansion0:12:08 - Retail Growth Plans0:15:53 - Tax Strategy Discussion0:24:14 - 2024-2025 Company Strategy0:29:31 - Debt & Financing Moves0:31:57 - Hedge Fund & CapitalAnthony Coniglio Interview0:35:18 - Business Growth Outlook0:35:36 - Anthony Coniglio Introduction0:37:23 - Revenue & AFFO Highlights0:39:01 - Sale-Leaseback Model0:44:04 - Deal & Tenant Assessment0:46:41 - New York Market Potential0:47:51 - Industry Challenges & Strategy0:49:32 - Managing Market Challenges0:52:06 - Growth in New States0:54:24 - Dividend & ShareholdersOther Topics:0:55:39 - AYR Wellness's Illinois Exit & Earnings

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