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TLDR – TDR News –  March 19th to 20th 

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. 

Recap of Tuesday

The TDR Comprehensive Cannabis Index fell by almost 4% on Monday, while the TDR Crypto Index was down by over 5%. The TDR US Small Cap REITs was up 1.5% on the day.

What’s Driving the Market Today?

The futures are up and showing a little down, here is what is in focus globally for stocks:

  • Fed to announce policy decision
  • G7 economies see disinflation
  • Canada, UK inflation below forecast
  • BOJ ends negative rates
  • Nvidia’s AI processor ships this year

Cannabis Capital Market News:

The High Flyers yesterday were led by CordovaCanna which was up by just over 33%, and the Low Flyers were led by Statehouse, which was down over 17% 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. Curaleaf (TSX: CURA, OTC: CURLF) acquires Northern Green Canada to enhance its European and Australasian cannabis supply chain.
  2. The Cannabist Company (Cboe CA: CBST, OTC: CBSTF) closes a US$25.75M offering of 9% senior secured convertible debentures due 2027. Read all about it on the TDR Website!

Cannabis News 

  1. The IRS says large cash transactions by marijuana businesses should not be deemed automatically suspicious.

Cannabis Policy Highlights from our Friends at Marijuana Moment:

  1. Top Senate Democrat and House Republican reaffirm support for marijuana banking legislation amidst congressional budget negotiations.
  2. A federally funded study finds no link between legal marijuana for adults and increased youth use.
  3. White House report to Congress highlights law enforcement concerns about persistent illegal marijuana markets despite legalization.
  4. Pennsylvania House Democrat sees a chance to legalize marijuana and explore interstate commerce, while a Republican doubts Senate support.
  5. Kansas’s new Senate bill proposes a limited medical marijuana pilot program, criticized for being overly restrictive and favoring market monopolies.
  6. The Montana Supreme Court denied a request to pause a lower court decision, allowing lawmakers to vote on overriding the governor’s veto of a marijuana revenue bill.

Psychedelic News:

  1. Clearmind (Nasdaq: CMND) China patent for psychedelic therapy marks a key step in treating binge behaviors and addiction. Read all about it on the TDR Website!
  2. Cybin (NYSE American:CYBN, Cboe CA:CYBN) successfully closed an oversubscribed $150M private placement for Phase 3 drug development.

Crypto and Crypto Miners:

  1. MicroStrategy (NASDAQ:MSTR) dropped up to 18% as it bought 9,245 bitcoins amid a falling cryptocurrency market. The recent purchase of Bitcoins raises its holdings to over 1% of Bitcoin’s total supply.
  2. The SEC requests an additional $158 million to regulate the “wild west” of crypto markets and expand its workforce.

AI:

  1. Microsoft (Nasdaq: MSFT) hires Inflection AI team, including co-founder Suleyman, to lead its consumer AI, aiming to enhance its AI products and challenge Google.

Big $ Volume Big Caps Highlights:

  1. Nvidia (Nasdaq: NVDA) stock rises as CFO announces its new AI chip, Blackwell, set to ship in 2024, aiming for a $250 billion data center market.

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