GBA Presents: RADIO SAVANT-!

As things are winding down here, I have young people scurrying about packing away my belongings and tidying up my work area. What a strange feeling to be day away from emancipation. To know.. after tomorrow I don't have to wake up at 5:30, I don't have to watch Bloomberg Asia in the middle of the night, I don't have to vet hundreds and hundreds of upgrades & downgrades to find just the good ones. I no longer feel compelled to do any of that...

But what the hell am I going to do-?o_O

We need a safe place where we can chime in with ideas light./ just general comments-- I hope Van & Ted start a Big Adventure thread or someone starts something about the daily market that I can occasionally drop by and comment on.~si
 
Getting no coverage at all is the banking/ pot corps situation they have a vote today of some sort.- Everyone is very negative. i don't think even if it passes it pushes the needle that much. Think about it. The pitch is not only can you have safety and put your money away (big deal) but access to capital<-- To which i say in a regional bank meltdown? The answer is no. Even with a a banking relationship.

So a bit of a smoke screen and not getting any attention and most don't think a final bill will get anywhere and of course with all of that negativity...

These pot stocks could run today and tomorrow and there are so many tiny ones....

Thank goodness I'm not drinking today. But I am ordering gummies.:)
 
My first thought today out of the gate.

Separating some of these " hope " Bios... So we now have insider selling at DICE & Viking

But MRTX still stands where it was having a super large retrace from a huge score we all enjoyed.

Is it time to get back on that Mirati trade-?

MRTX Mirati Therapeutics, Inc.

$47.90 0.59 (+1.25%)4:00 PM 05/10/23
 
Smoke em'



  • TerrAscend Corp.: TerrAscendis a vertically integrated cannabis company that operates in the U.S. and Canada, with brands including The Apothecarium, Ilera Healthcare, and Kind Tree. On Jan. 30, the company finalized its acquisition of a dispensary in Cumberland, Maryland, called Allegany Medical Marijuana Dispensary, for $10 million in cash.10
  • OrganiGram Holdings Inc.: OrganiGram is a Canada-based producer of cannabis-derived products that retail under brands such as Monjour, Tremblant, and Edison Cannabis Co.
  • Verano Holdings Corp.: Verano Holdings is a multi-state retail distributor of cannabis-related products under the brands Encore, Alexia, and MUV.
  • Curaleaf Holdings Inc.: Curaleaf produces cannabis products for retail and wholesale distribution and provides similar professional services. Curaleaf announced on March 24 that it would delay its fourth-quarter earnings release scheduled for March 28 due to difficulties transferring three years of financial data from IFRS to U.S. GAAP. The company expects earnings to be released sometime in April.11
  • Green Thumb Industries Inc.: Green Thumb Industries manufactures, processes, and distributes cannabis products such as concentrates, vapes, pre-rolls, edibles, and topicals. The company also owns retail locations throughout the U.S.
Fastest Growing Marijuana Stocks
Price ($) Market Cap ($M) Revenue Growth (%)
TerrAscend Corp. (TRSSF) 1.40 382.8 101
OrganiGram Holdings Inc. (OGI) 0.65 205 33
Verano Holdings Corp. (VRNOF) 3.00 957.2 12
Curaleaf Holdings Inc. (CURLF) 3.29 2,359.5 7
Green Thumb Industries Inc. (GTBIF) 8.01 1,897.5 6




Watch these today)
 
Bud Light sales have dwindled since the popular beer's parent company partnered with a transgender influencer on social media last month for an online promotion.

Anheuser-Busch InBev has sold $71.5 million worth of Bud Light in the week ending April 29, a 23% drop compared to a year ago, according to data from Bump Williams Consulting. Budweiser sales have hit $31.5 million so far this year, down roughly 11%, the firm said. Sales of other Anheuser-Busch brands — including Budweiser, Michelob Ultra, Busch Light and Natural Light — have also taken a hit.

The deepening sales slump comes a month after Bud Light partnered with TikTok star Dylan Mulvaney, a San Diego trans rights activist and actress for a promotion on Instagram. Mulvaney posted a video on the platform on April 1 to promote a contest for the beer brand, showing off Bud Lite cans with her face on them commemorating her "365 days of girlhood" series in which she documents her gender transition. The post sparked outrage from conservatives, including from singers Kid Rock and Travis Tritt, igniting calls by some to boycott the brand.

The 26-year-old, who has 10.8 million followers on TikTok and 1.8 million on Instagram, has received hateful comments online, as well as support.

Anheuser-Busch didn't immediately respond to a request for comment Wednesday.

Backlash from both sides

Anheuser-Busch CEO Brendan Whitworth on April 14 released a statement in which he expressed regret over the division caused by the company's collaboration with Mulvaney, though he did not refer to the promotion directly. Soon after the statement, the two Anheuser-Busch InBev executives who supervised the failed marketing collaboration were put on leave.

The company's attempt to distance itself from the campaign caused further backlash from the LGBTQ+ community, with some bars pulling all Anheuser-Busch products from their menu.

Budweiser is still experiencing backlash from the Mulvaney post from conservatives in part because the public mistakenly believes it has a long-term partnership with the social media influencer, Anheuser-Busch's Global CEO Michel Doukeris said last week during an earnings call.

"We will need to continue to clarify the fact that this was one can, one influencer, one post, and not a campaign, and repeat this message for some time," Doukeris told investors.

Doukeris also said during the call that "it's too early to have a full view on the impact, but I know that we have the people and the partners to learn from that and to continue to move forward and to come out stronger."

The blowback has not impacted some of Anheuser-Busch's other popular brands. Sales of Coors Light and Miller Lite are up 20% while Keystone Light has grown 14%, according to Bump Williams.

AB InBev's stock closed at $66 a share on Wednesday. While that's a 6% drop since the end of March, the stock is up roughly 14% from last year.
 
--> Janus International raises FY23 revenue view to $1.06B-$1.08B from $1.05B-$1.07B » 07:10 JBI Consensus $1.07B.

--> N-able price target raised to $15 from $13 at BMO Capital » 07:14 NABL
 
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