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Merida Capital Partners
Merida Capital Partners is a PE fund focusing on the ancillary verticals in the emerging cannabis industry.
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Merida Capital Partners 6h
Could Square processing CBD payments be why Paypal now has registered lobbyists in front of Congress? Lots of disruption from MJ world as the Illegality Dam Crumbles (did someone coin that in the title of their analysis?)
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Merida Capital Partners 22h
Replying to @todd_harrison
inverse funds are simply a race to $0. Good way to express short term trade, horrible way to play long term trend if you are inclined to short the cannabis space.
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Merida Capital Partners May 21
Just passed a CBD store literally in the middle of nowhere on HWY 70 going from St Louis to Columbia, Mizzou. The penetration of CBD is unreal and we see it as long term wellness/health ameliorant that will live long past this faddish stage. But no denying it feels like a fad.
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Merida Capital Partners May 21
Replying to @MeridaCap
As an fyi, Chairman David Goldburg, and new CEO Carlos Frias will be hosting a shareholder call to discuss the transaction, the scale of the new combined co, and the vision for the future. The call is set for 4:30 EST on Thursday May 23-details are in the press release.
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Merida Capital Partners May 21
We are excited to announce that our port co, has acquired , which has quietly built an incredibly efficient operation. This is a transformational transaction-congrats to FL and welcome to the Merida Family Carlos and team!
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Merida Capital Partners May 21
gets its S-4 approval from the SEC(congrats!). The key challenge is that when this orginally filed, there were limited options for investors on Big Boards-now, there are tons. With /Cdn cos/ETFs, and the likely uplisting of other ancillary cos, much busier landscape.
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Merida Capital Partners May 21
hits the US big board and has its hype machine churning already, announcing its investing in a chocolate co. Remind what edibles market looks like in Canada now and immediate future?
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Merida Capital Partners May 20
I beat you to it Casey!
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Merida Capital Partners May 20
Reward for Joe Crowley in losing a safe district in a massive primary upset to ? Advisory Board of an Int'l cannabis co...interesting to note the guy went right into politics and never has really held a job except for post loss lobbying so assume its gov't advisory.
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Merida Capital Partners May 20
That is why the statement could be problematic or just nothing.
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Merida Capital Partners May 20
They didn't even sell the finished inventory they had in your graphic. $890K vs $700K in revs for Q.
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Merida Capital Partners May 20
But this could all be nothing and its simply just all recorded as flower-that's the challenging part of analyzing smaller company earnings-its very hard to tell exactly how things are booked.
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Merida Capital Partners May 20
Hard to say until you get MD&A. But a statement like that does seem to indicate that it is possible. What is "next gen" products in cannabis-have to assume its non-flower or pre rolls but rather concentrates or maybe something truly out there.
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Merida Capital Partners May 20
The statement "withheld for next generation products" and "now sold as flower" is problematic. Even if it is 100% authentic, it essentially lets you calculate value at oil prices, and then when its sold as flower, value will disappear like vapor in next earnings.
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Merida Capital Partners May 20
Understood-this is the 2nd or 3rd time you have explained it concisely(and like 50th time its popped up). That's why GAAP is a better measure of a company's results than IFRS.
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Merida Capital Partners May 20
As Bart Scott says at he end of one of the best on field interviews ever-"Can't wait"!
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Merida Capital Partners May 20
Replying to @Petitpro19
Right-that's a very Canadian financial quirk. The Biological value adjustment allows you to do that.
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Merida Capital Partners May 20
Replying to @Petitpro19
You don't get what?
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Merida Capital Partners May 20
If you didn't know 48North was cdn from the name, the fact that gross profit was ~4x revs for the quarter is a unique cdn tell. We are watching Cdn brand cos bc its one way to track consumer evolution there so intriguing Q revs were actually low(based on 4.3mm for 9 mos).
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Merida Capital Partners May 18
Ummm. Sure thing. You realize they pay rent too. Heard its over 6 figures per mo.
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