Mike Meade

I know nothing

[Mike Meade @curated_value]

Unless you're the company that spent $150M to enter the state 5 years ago under a limited license framework. Still disappointing canopy limits. Edibles in a limited licnese, newly legal state are a cash cow, but now hemp will take some of that share.

Good for rythm bevs i guess, but i am not as bullish beverages.

[Mike Meade @curated_value]

@timothy_dexter_ I could be completely wrong, but my understanding is that if they’re still using the same tax position that originally led to the refund, and the IRS audits them, the IRS can reopen those earlier years even if they’re normally outside the statute of limitations

[Dexter Capital @timothy_dexter_]

Welp, correct me if I'm wrong but Federal Govt just sued TerrAscend to claw back this refund.

Govt claims these amended deductions were barred under 280E as canna remained federally illegal in 2020, and says the refund should not have been issued without Joint Committee on Taxation review due to size.

[Mike Meade @curated_value]

@FreightAlley Why would shippers go spot rather than contract in a tightening market?

[Mike Meade @curated_value]

I respect the hustle at cura. Adding back rent and salaries to adjusted ebitda is innovative.

[Mike Meade @curated_value]

@srg444 *Sales were lower in q1 than they were in q4 and q3.

I am sure there were many people that said RTD coffee never had a chance, but it's a large market today. Guess time will tell

[Mike Meade @curated_value]

@fatehsmann @CannaVestments @micklockwood4 Also first full month with SB56 going into effect, so may have had people worried about going to Michigan to get product. Store openings were also up meaningfully YoY. I don’t think hemp is the boogeyman people make it out to be

[Mike Meade @curated_value]

@srg444 The kovlers are a Jim beam family. Partnering with brown forman would be sacrilegious

[Mike Meade @curated_value]

my math was wrong. Forgot to factor in the redemption date is 30 days after the notice, which makes it closer to 1 month than the 2 months.

[Mike Meade @curated_value]

If Glass House closes
above $10 today they can force redemption of the warrants for fractional shares valued at $0.65 per warrant. Don’t think they would do this until the stock approaches $11.50, but it’s an option they have

[Mike Meade @curated_value]

Would be closer to $0.30 if they chose to do so, still double the current warrant price

[Mike Meade @curated_value]

@GreenWaveMJ @V_arrell what are your thoughts on how efficiently the companies will be able to allocate corporate G&A, interest, etc. to their medical entities. If the corporate employees are employees of parent co., wouldn’t 280e still apply as parent co is still touching federally illegal rec cannabis. Similar scenario with interest, if parent co issued th debt, will the medical entities be able to write off that interest and see the 280e relief?

[Mike Meade @curated_value]

@FreightAlley @teddyj_CEO I think it would be a great topic for the next State of Freight

[Mike Meade @curated_value]

@GreenWaveMJ Corporate controllers reading the news

[The Associated Press @AP]

BREAKING: President Trump's acting attorney general reclassifies state-licensed medical marijuana as a less-dangerous drug in a major shift. https://t.co/qGpa1HuVc1

[Mike Meade @curated_value]

@barefootman007 Section b. Just needs to close over $10 one trading day. They do have to give a 30 day notice, so my understanding is that you'd still have 30 days to exercise the warrant if glasf trades ITM

[Mike Meade @curated_value]

@barefootman007 Need to double check but if memory serves me right it just needs to close above $10 one day

[Mike Meade @curated_value]

If Glass House closes
above $10 today they can force redemption of the warrants for fractional shares valued at $0.65 per warrant. Don’t think they would do this until the stock approaches $11.50, but it’s an option they have

[Mike Meade @curated_value]

@MitchGordon_ @UScannainvest Not related to any MSOs. They have 2 pretty big brands in IL, revolution and tales & travels

[Mike Meade @curated_value]

Interesting Reddit rumor
https://t.co/2wnI5dag20