Cannabis News Today – June 17th, 2024

Welcome to “Cannabis News Today,” your daily summary of significant happenings in the Cannabis Industry.

Dan From TheChartGuys Insights on Cannabis Stock Outlook

Dan from TheChartGuys provides an in-depth analysis of the cannabis stock outlook, noting the sector’s significant market fluctuations and liquidity challenges. He emphasizes the importance of understanding macroeconomic conditions and sector-specific dynamics, highlighting key support and resistance levels. Dan predicts potential market turning points in July or August, stressing the need for caution and strategic timing in investments. He also discusses seasonal trends and relative strength in companies like Trulieve (CSE: TRUL, OTCQX: TCNNF) and Green Thumb Industries (CSE: GTII, OTCQX: GTBIF), advising investors to be patient and vigilant in this volatile market. Read all about it on the TDR Website!

7 Questions to Ask Before Investing in TerrAscend

TerrAscend (TSX: TSND, OTCQX: TSNDF) has demonstrated strong financial health with a 22.3% revenue growth rate and a 50.1% gross margin, outpacing industry averages. The company’s efficient cost management, conservative leverage, and strong cash flow position it as a potentially undervalued investment opportunity, with significant upside in its stock price. Investors should consider these factors and conduct thorough due diligence before investing. Read all about it on the TDR Website!

C21 Investments Provides MCTO Status Update 

C21  (CSE: CXXI, OTCQX: CXXIF) Investments has updated the market on its Management Cease Trade Order (MCTO) status. The company is actively working to complete its financial filings and anticipates resolving the MCTO shortly.

Curaleaf Reports Voting Results from 2024 AGM 

Curaleaf (TSX: CURA, OTCQX: CURLF) has announced the voting results from its 2024 Annual General Meeting of Shareholders. All proposed resolutions were approved, reflecting strong shareholder support for the company’s strategic initiatives.

Chicago Atlantic Real Estate Finance Declares $0.47 Dividend 

Chicago Atlantic Real Estate Finance (NASDAQ: REFI) has declared a common stock dividend of $0.47 for the second quarter of 2024. This marks a continued commitment to delivering value to its shareholders.

Innovative Industrial Properties Declares Q2 2024 Dividends 

Innovative Industrial Properties (NYSE: IIPR) has declared its second-quarter dividends for 2024. The company continues to provide robust returns to its investors through consistent dividend payouts.

Tilray Beverages Launches Men’s Health Awareness Campaign 

Tilray  (NASDAQ: TLRY, TSX: TLRY) Beverages has launched a new campaign aimed at raising awareness for men’s health issues. This initiative underscores the company’s commitment to promoting wellness and health education.

Read more cannabis news on the TDR Website!

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