Episode Details

Earnings season is here, and on today’s episode of Trade To Black presented by Flowhub, hosts Shadd Dales and Anthony Varrell take a grounded look at what’s ahead for the cannabis sector. First up is Green Thumb Industries (CSE: GTII | OTCQX: GTBIF), the largest operator in the space, reporting its Q4 and full‑year fiscal 2025 results after market close. To give viewers some context, the team revisits GTI’s Q3 performance, where the company reported $275 million in revenue, $11 million in net income, $83 million in adjusted EBITDA, a 30% EBITDA margin, and $61 million in operating cash flow. It’s a quick refresher before the new numbers arrive.The episode also breaks down President Trump’s State of the Union address. There was plenty of chatter online, but the guys explain why a cannabis rescheduling announcement was never realistically on the table for that moment. They walk through the political timing and the way these decisions typically move through the system.From there, attention shifts to Virginia, where lawmakers are actively working through the final details of adult‑use cannabis legislation. With the House General Laws Committee approving a substitute version of SB 542 in a 16–4 vote, the state is finally moving past years of possession‑only limbo and getting closer to a functioning retail framework.The show also covers two notable corporate developments:• Organigram Holdings (NASDAQ: OGI | TSX: OGI) expanding into Australia with Edison and BOXHOT.• Glass House Brands (NEO: GLAS.A | OTCQX: GLASF) forming a new strategy committee to explore innovation, partnerships, and expansion beyond California - and Kyle Kazan and Alison Payne join us to talk about it directly.#CannabisNews #CannabisIndustry #CannabisBusiness#CannabisInvesting #WeedStocks #CannabisReform#MarijuanaLegalization #CannabisCommunity #CannabisMarket #CannabisPolicyWant to see more Cannabis Reform videos?🎬    • Pennsylvania Legalization Gains Real Momen...  🎬    • New Farm Bill Draft Targets Intoxicating H...  🎬    • Did Bondi’s Hearing Put Cannabis Reschedul...  🎬    • Was Trump Really “Poorly Advised” on Canna...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ Facebook:   / thedalesreport  <