TLDR – TDR News –  March 11th to 12th

Get a quick update on today’s TDR News! We’ve condensed the most important information about Cannabis, Psychedelics, Crypto and Miners, AI, Small Cap REITS and Large $$ Volume Mega Caps into a brief format, saving you time and keeping you informed as you start your day. 

Today, we are celebrating two holidays at TDR: Aztec New Year and National Working Mom Day. We extend our best wishes to all our working Mom and Aztec friends!

Recap of Monday

Do you ever wonder why there are so many TDR Indexes? Yesterday provided a clear reason. Consider this difference in performance: the TDR Retail Cannabis Index rose by over 9%, similar to the TDR Crypto Index. However, the TDR Integrated Cannabis Index fell by almost 4%, and the TDR Crypto Miners Index dropped by almost 9%. Indexes allow us to understand how distinct subsets perform.

What’s Driving the Market Today?

The futures are showing a slightly positive open currently, here is what is in focus:

  1. US inflation update awaited
  2. Nvidia drops 2% more and 7% since Thursday
  3. Boeing stock declines further
  4. Biden’s $7.3T budget proposal
  5. Global: Yen falls, China shares up

Cannabis Capital Market News:

The High Flyers yesterday were led by CordovaCann which was up by just over 39%, and the Low Flyers were led by Skye, which was down over 25% on the day. Here are the charts of the High and Low Flyers:

Let’s examine the highlights from companies in the TDR Comprehensive Cannabis Index!

  1. NewLake (OTC:NLCP) surpasses Q4 estimates and raises dividends amid solid annual growth. Read all about it on the TDR Website!
  2. Skye (OTCQB: SKYE) secures $40 million through a private equity financing to fund obesity treatment expansion and extend its operations beyond 2026.
  3. iAnthus (CSE: IAN, OTCQB: ITHUF) announces the immediate resignation of Director John Paterson, with no successor yet appointed.
  4. Canopy Growth (TSX:WEED) yesterday announced a shareholder vote on creating exchangeable shares, offering new investment flexibility and strategic options. Read all about it on the TDR Website!
  5. Vext Science (CSE: VEXT, OTC: VEXTF) switched auditors from BF Borgers CPA to Reliant CPA effective March 8, 2024, following CPAB enforcement actions.
  6. Earnings are in full swing today, check out the chart below!

Cannabis News 

  1. Massachusetts Gov. Maura Healey plans to pardon thousands convicted of simple cannabis possession.
  2. Virginia’s session ends without legalizing adult-use marijuana sales due to political disputes.

Cannabis Policy Highlights from our Friends at Marijuana Moment:

  1. Biden’s budget keeps a rider blocking D.C. from legalizing marijuana sales but supports state medical cannabis programs.
  2. Hawaii House leaders are optimistic about legalizing adult-use marijuana, focusing on revenue and regulation.
  3. Study finds CBD may alleviate menstrual-related symptoms like irritability and stress, but not depression.
  4. Delaware releases a third round of draft rules for its upcoming adult-use marijuana market, covering testing, disposal, and more.
  5. New Hampshire’s GOP Governor Sununu would sign a marijuana legalization bill with a state-run model, despite personal reservations.
  6. Minnesota begins inspecting retailers for illegal marijuana sales labeled as ‘hemp’ amid regulatory gaps.

Crypto and Crypto Miners:

  1. Ethereum surpasses $4,000, driven by the upcoming Dencun upgrade and potential SEC approval for an ETH ETF.
  1. FDIC Vice Chair advocates for clearer, more flexible regulations on digital assets, criticizing current restrictive policies.
  2. Donald Trump hints at regulatory leniency for cryptocurrencies, recognizing their increasing role while maintaining traditional financial values. Read all about it on the TDR Website!


  1. OpenAI updates its board and governance after recent upheavals, aiming for improved oversight and accountability.
  2. The controversy over the Princess of Wales editing a family photo highlights growing concerns about media manipulation and trust.
  1. The Pentagon is evaluating AI drones from five companies to enhance the Air Force, focusing on low-cost, autonomous technology.

Big $ Volume Big Caps Highlights:

  1. Oracle (NYSE:ORCL) exceeded Q3 expectations with earnings of $1.41 per share and revenue of $13.28B, driven by a 12% increase in cloud services.
  2. Apple (NASDAQ:AAPL) is testing an AI-driven ad product in the App Store, aiming to enhance its advertising segment.
  3. Elon Musk announces xAI will open source its Grok chatbot this week, amid a lawsuit against OpenAI, alleging deviation from its original open-source mission.

Micro and Small Cap REITS:

  1. NewLake Capital Partners surpasses Q4 estimates and raises dividends amid solid annual growth. Read all about it on the TDR Website!
  2. Ashford Hospitality Trust (NYSE:AHT) sold the Residence Inn in Salt Lake City for $19.2M, using proceeds to pay down debt, signaling progress in its deleveraging plan.
  3. Manhattan Bridge Capital (Nasdaq:LOAN) reports a 2023 net income of $5.48M, a 5.1% increase, driven by higher interest income on real estate loans.

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