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Coniglio And Colombo: Don’t Miss This Cannabis Investing Advice

By Shadd Dales On Feb 28, 2025

Host Shadd Dales is joined by Anthony Coniglio, CEO of NewLake Capital Partners (OTC: NLCP), and Frank Colombo, CFA at Viridian Capital Advisors on Trade To Black’s podcast for Friday, February 28, 2025. We discuss the latest earnings from major cannabis companies. More importantly, Coniglio and Colombo will give you some key advice that most people interested in investing in cannabis often miss.

2025 is a critical year for cannabis companies, where financial stability will determine long-term survival. Guest Anthony Coniglio (CEO of New Lake Capital, NLCP) and Frank Colombo (CFA, Veridian Capital Partners) provide a deeper dive into what metrics cannabis investors should prioritize. Cash flow from operations, debt obligations, and tax liabilities play a crucial role in assessing a company’s financial health.

Colombo also points out which companies are currently the most stable in market, and he’ll explain why. Viewers interested in advice about investing into cannabis won’t want to miss this segment. Should leases should be counted as debt? What is the significance of 280E tax deferrals, and is debt inherently bad?

We’ll also cover how to assess financial stability and discuss how companies are allocating their cash. Green Thumb Industries (GTI) has been aggressively buying back stock, while other companies focus on debt refinancing. The hosts discuss whether share buybacks are a smart use of capital and analyzes The Cannabist Company’s (formerly Columbia Care) recent debt restructuring, compared to Ayr Wellness’ 2024 restructuring.

Looking at political developments, Senator John Fetterman’s cannabis petition falls under the microscope. Many believe is more of a campaign tactic than a real legislative push. Gretchen Gailey highlights two prohibitionist bills currently in Congress aiming to keep 280E tax penalties in place, a potential hurdle for the industry.

A recent Fox Business segment features Texas GOP Representative Pat Fallon, who claimed that food stamp recipients were sitting at home “eating Cheetos and smoking marijuana.” This outdated stigma against cannabis users highlights the persistent political and cultural challenges cannabis reform still faces. This and more, in this episode.

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Shadd Dales

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.