Core Insights - MedX Holdings reported a sales increase in Q2 2025, projecting approximately $1.5 million in revenue for the full year [2][3] - The company is advancing its lounge pipeline, with Las Vegas nearing approvals and new franchise developments in Houston [3][5] - The Leaf-trak technology platform is transitioning from development to rollout, aimed at enhancing operational efficiency in lounges [4][5] Financial Performance - Q2 2025 sales growth indicates a positive trajectory, with the company on track for ~$1.5 million in FY25 revenue [2][5] - Continued sales growth and traction in New Mexico's recreational market are highlighted as key performance indicators [7] Business Development - The Las Vegas consumption lounge is progressing towards opening, pending final drawings and approvals [5][6] - Houston is set to welcome new Lazydaze franchisees, targeting a Q4 2025 or early 2026 opening [5][6] - Active negotiations for lounge deals in Florida and California are ongoing [5][6] Technology and Innovation - Leaf-trak is designed specifically for lounges, focusing on hospitality economics and compliance, with a pilot expected in Q3 and commercial launch in Q4 2025 [4][5] - The platform aims to integrate payment processing and enhance customer service through online ordering and pickup options [5] Regulatory Environment - The company has navigated regulatory challenges in Texas and sees positive signals at the federal level regarding cannabis rescheduling [5][11] - Anticipated regulatory changes could improve capital access and institutional participation in the cannabis industry [5] Strategic Vision - MedX Holdings is positioning itself to capitalize on the shift from cannabis prohibition to a regulated market, focusing on strategic capital and partnerships [8][9] - The company aims to build a comprehensive portfolio in cannabis retail, hospitality, and technology through its subsidiaries [9][10]

Core Insights - MedX Holdings reported an increase in sales for Q2 2025 and is on track for approximately $1.5 million in revenue for the full year 2025 [2][6] - The company is advancing its Las Vegas lounge towards final approvals and is expanding its franchise presence with a new Lazydaze franchise in Houston [3][6] - The Leaf-trak POS system is set to roll out in Q3 2025, designed specifically for consumption lounges, enhancing operational efficiency and compliance [4][6] Financial Performance - Q2 2025 sales growth indicates a positive trajectory, with the company projecting around $1.5 million in revenue for FY25 [2][6] - The New Mexico store is gaining traction in a fully recreational market, contributing to overall revenue momentum [6] Expansion Plans - The Las Vegas consumption lounge is nearing opening, pending final drawings and approvals [6] - Houston is targeted for a Q4 2025 or early 2026 opening as the newest Lazydaze franchise [6] - Active negotiations for lounge deals in Florida and California are ongoing [6] Technology Development - Leaf-trak, a hospitality-grade platform, is designed to improve lounge operations by increasing throughput and reducing compliance risks [4][6] - The platform is expected to pilot in Q3 2025 and commercialize in Q4 2025, with anticipated revenue contributions starting in Q4 2025 into Q1 2026 [6][11] Regulatory Environment - The company has navigated regulatory challenges in Texas and sees constructive signals at the federal level regarding cannabis rescheduling [6][11] - The direction of regulatory changes is expected to improve capital access and institutional participation in the cannabis industry [6] Strategic Focus - MedX Holdings aims to build a portfolio that includes cannabis retail, hospitality, and technology through its subsidiaries [8] - The company is prioritizing strategic capital and partnerships to accelerate openings and technology deployments [7]

Industry Overview - The legal cannabis industry in the USA has faced a continuous downtrend, with many marijuana stocks falling significantly, leading to challenges in profit-taking for investors [1] - Shareholders are adopting a long-term strategy, hoping for federal legalization and banking reforms to enhance the safety of their investments [2] - Speculation around better reforms and opportunities in international markets like Canada and Europe is driving interest in the cannabis sector [3] Company Highlights - **Trulieve Cannabis Corp.**: Operates as a cannabis retailer, cultivating, processing, and distributing cannabis products. Recently partnered with Redemption Cannabis to launch products in West Virginia [4][5] - **Curaleaf Holdings, Inc.**: Engaged in the production and distribution of cannabis products both domestically and internationally. Scheduled to report Q2 2025 financial earnings on August 6, 2025 [5][8] - **Cresco Labs Inc.**: Cultivates and sells retail and medical cannabis products. Recently changed its auditor from Marcum LLP to Baker Tilly US, LLP, with shareholder ratification planned for the next annual meeting [9] Stocks to Watch - Top marijuana stocks identified for potential investment include Trulieve Cannabis Corp., Curaleaf Holdings, Inc., and Cresco Labs Inc. [6]

Core Insights - High Tide Inc. is expanding its Canna Cabana retail cannabis stores, with new locations opening in Winnipeg and Toronto, increasing its total store count to 202 across Canada [1][4]. Group 1: Store Openings - The Canna Cabana store in Winnipeg will start selling recreational cannabis products on June 27, 2025, while the Toronto location will open on July 1, 2025 [1]. - The Winnipeg store is strategically located in a grocery-anchored plaza with a local population of approximately 10,000 within a 1-kilometer radius, providing access to a new customer base [2]. - The Toronto store is situated in The Well, a mixed-use shopping mall that attracts significant foot traffic, enhancing visibility and accessibility for customers [3]. Group 2: Market Performance - High Tide's stores in Manitoba and Ontario have shown strong performance, with annualized revenue run rates significantly above the national average [4]. - The company emphasizes its differentiated discount club model and loyalty ecosystem as key drivers of its success in these markets [4]. Group 3: Company Overview - High Tide is recognized as the second-largest cannabis retailer globally by store count, with a fully integrated operation across all components of cannabis [5]. - The company operates a suite of leading accessory e-commerce platforms and has a diverse brand roster, including Queen of Bud™ and Cabana Cannabis Co™ [6][7]. - High Tide has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [9].

Core Insights - Verano Holdings Corp. is launching a new bodega-style dispensary format at Zen Leaf Cave Creek in Phoenix, Arizona, aimed at transforming the traditional cannabis retail experience [2][4] - The new format allows customers to browse and select products directly from shelves, enhancing convenience and accessibility [3][4] - A grand re-opening celebration is scheduled for June 27-28, featuring various events and promotions to attract customers [2] Company Overview - Verano is a leading multi-state cannabis company with operations in 13 states, including 157 dispensaries and 15 cultivation and processing facilities, totaling over 1.1 million square feet of cultivation capacity [7][8] - The company produces a diverse portfolio of cannabis products under various brands, including Verano Reserve, Essence, and MÜV [5][8] - Verano aims to innovate and differentiate its retail offerings to meet the evolving demands of the cannabis market [4] Retail Strategy - The bodega-style format provides customers with the freedom to choose their shopping experience, including self-selection from category-specific shelves and various purchasing methods such as online pre-orders and curbside pickup [4][3] - The company plans to explore scaling this new dispensary experience across its Arizona retail footprint and introduce third-party activation opportunities for wholesale partners [7]

Group 1 - High Tide Inc. reported strong fiscal Q2 results for the February-April period, indicating continued momentum in the Canna Cabana chain [1] - The company is recognized for its focus on small cap investments and aims to identify mispriced securities through understanding financial drivers and DCF model valuation [1] Group 2 - The performance of High Tide Inc. reflects the overall strength of the Canadian cannabis retail market [1]

Financial Performance - The company generated $137.8 million in revenue for the second fiscal quarter of 2025, an increase of 11% year over year, and 12% when accounting for one fewer day in the quarter [7][11][13] - Gross profit was $35.5 million, consistent year over year, with a gross profit margin of 26%, down from 28% the previous year [11][13] - Adjusted EBITDA was $8.1 million, marking the 21st consecutive positive quarter, although it decreased from $10.0 million in the previous year [11][13] - The company reported a net loss of $2.8 million, compared to net income of $0.2 million in the prior year [11][13] Operational Highlights - The company operates 200 Canna Cabana locations across Canada, maintaining its position as the largest cannabis retail brand in the country [6][11] - Daily same-store sales increased by 6.2% year over year, the fastest growth rate in five quarters [11][12] - Canna Cabana achieved a 12% market share in the cannabis retail market, up from 11% the previous year [11][12] Membership Growth - Cabana Club membership reached 1.9 million, a 33% increase year over year, with ELITE memberships surpassing 97,000, a 120% increase year over year [11][12][17] - Global Cabana Club membership exceeded 5.87 million, including 104,700 ELITE members [11][12][17] Strategic Initiatives - The company is in exclusive discussions regarding a transaction with a leading German medical cannabis importer and wholesaler, with due diligence in the final stages [5][22] - The company submitted a model project proposal to the German Federal Office for Agriculture and Food related to the study of commercial cannabis use by adults [7][22] Product Offerings - The company currently sells 67 cannabis and accessory SKUs across its brands, with plans for new product launches expected this summer [8][20] - The company continues to expand its white label product offerings under the Queen of Bud and Cabana Cannabis Co. brands [20]

Core Viewpoint - High Tide Inc. is set to announce its financial and operational results for the second fiscal quarter of 2025 on June 16, 2025, after market close, with a subsequent webcast scheduled for June 17, 2025, to discuss these results and future expectations [1][2]. Company Overview - High Tide Inc. is recognized as the second-largest cannabis retailer globally by store count, with a focus on delivering value across all components of the cannabis industry [3][7]. - The company operates Canna Cabana™, the largest cannabis retail chain in Canada, with 200 locations across various provinces [3][4]. Retail Innovations and Offerings - High Tide has developed Fastendr™, an automated technology that enhances the retail experience through kiosks for browsing, ordering, and pickup [4]. - The company manages several leading e-commerce platforms for cannabis accessories, including Grasscity.com and Smokecartel.com [4]. Brand Portfolio - High Tide boasts a diverse brand roster, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [5]. - The company is also involved in the CBD market through platforms like Nuleafnaturals.com and FABCBD.com [5][6]. Wholesale and Licensing - High Tide provides wholesale solutions via Valiant™ and engages in licensing agreements under the Famous Brandz™ name to promote cannabis culture [6]. Recognition and Growth - High Tide has been acknowledged as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [7][8].

Core Insights - High Tide Inc. will release its financial and operational results for the quarter ended April 30, 2025, on June 16, 2025, after market close [1] - A webcast will be held on June 17, 2025, at 11:30 AM Eastern Time to discuss the results and future outlook [2] Company Overview - High Tide is a leading retail-forward cannabis enterprise and the second-largest cannabis retailer globally by store count, with 200 locations across Canada [4][10] - The company operates various components of the cannabis industry, including retail, e-commerce, and wholesale distribution [4][5][6] Retail Operations - Canna Cabana™ is the largest cannabis retail chain in Canada and was the first cannabis discount club retailer globally [4] - High Tide employs Fastendr™, an automated technology for a better retail experience [5] Product and Brand Portfolio - High Tide has a diverse brand roster, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™ [6] - The company is also involved in the CBD market through various platforms [6] Recognition and Growth - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [8]

Core Insights - High Tide Inc. is set to open its 200th Canna Cabana retail cannabis store in Sherwood Park, Alberta, on June 3, 2025, marking a significant milestone in its growth strategy [1][3] - The new store is strategically located in Sherwood Park Mall, a key retail hub that attracts substantial foot traffic, serving a community with a population exceeding 75,000 [2] Company Growth and Strategy - The company has focused on high-traffic, high-potential locations, avoiding subpar deals that have led to store closures in the cannabis sector, thus ensuring sustainable growth [3] - High Tide's growth has been primarily funded by its own cash flow, with a significant portion driven organically, which is considered rare in the cannabis retail industry [3] - The company aims to surpass 300 stores in Canada, continuing its responsible and strategic approach to growth [3] Retail Operations - High Tide operates the largest cannabis retail chain in Canada, with 200 locations across various provinces, including British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario [4] - The company has introduced innovative retail technology, such as Fastendr™, which enhances the customer buying experience through automated kiosks [5] Brand and Product Diversification - High Tide boasts a diverse brand portfolio, including Queen of Bud™, Cabana Cannabis Co™, and Daily High Club™, among others [6] - The company is also involved in the CBD market through various platforms, expanding its product offerings beyond traditional cannabis [6] Industry Recognition - High Tide has been recognized as one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [8]