Revenue Recognition - The company recognized revenue primarily from the sale of finished products, with revenue measured based on expected consideration, reduced by promotional discounts and return allowances [60]. - The company transitioned to a commission revenue model for the Industrial segment, recognizing revenue on a net basis for services provided to vape customers [64]. - The company estimates product returns based on historical experience and current economic trends, impacting the sales returns allowance [62]. Customer Concentration and Sales - The company reported a concentration of credit risk with accounts receivable, with one customer representing approximately 15% and 31% of accounts receivable as of September 30, 2024, and December 31, 2023, respectively [65]. - Two customers accounted for approximately 36% and 27% of net sales for the three months ended September 30, 2024 [65]. - Customer deposits decreased from $2,775,000 as of December 31, 2023, to $1,255,000 as of September 30, 2024, reflecting a decline of 54.7% due to revenue recognition of $1,520,000 [109]. Liabilities and Contingencies - As of September 30, 2024, the company's liability for product returns was approximately $0.1 million, with no liabilities related to refunds [62]. - The company had contingent consideration liabilities measured at fair value of $1.5 million as of December 31, 2023 [81]. - The company intends to pursue claims against purchasers of its subsidiary, Shavita B.V., due to unmet monetary obligations [79]. Financial Position and Debt - The company's debt balance as of September 30, 2024, totaled $8.626 million, which includes Future Receivables Financing of $4.617 million and a secured bridge loan of $2.656 million [93][101]. - The company received approximately $3.9 million in cash from Future Receivables Financing in 2023, with a total repayment amount of approximately $4.5 million scheduled [94]. - On October 29, 2024, the Company entered into an Exchange Agreement to exchange $4,617,307 of debt for new Senior Subordinated Notes of $4,000,000, reducing outstanding indebtedness by approximately $617,000 [143]. Operating Leases - The total minimum lease payments under operating leases recorded as of September 30, 2024, amounted to $1.253 million [90]. - Rent expense under operating leases was approximately $0.3 million for the three months ended September 30, 2024, compared to $0.4 million for the same period in 2023 [90]. - The weighted average remaining lease term for operating leases was 1.3 years as of September 30, 2024 [92]. Equity and Stock - The company completed a reverse stock split at a ratio of one-for-11 effective August 5, 2024, which did not change the par value of the common stock [115][116]. - The ATM Program established in August 2021 has generated gross proceeds of $12,684,000 from the sale of Class A common stock, with net proceeds amounting to $12,303,000 [122]. - In the July 2023 Offering, the company generated gross proceeds of approximately $4.3 million and net proceeds of approximately $3.8 million from the issuance of Class A common stock and warrants [123]. Income and Loss - For the three months ended September 30, 2024, the net loss attributable to Class A common stockholders was $(3,757) thousand, compared to $(10,467) thousand for the same period in 2023, representing a 64% improvement [128]. - The net loss per share of Class A common stock for the three months ended September 30, 2024, was $(2.28), significantly better than $(20.89) for the same period in 2023 [128]. - The total equity-based compensation expense for the nine months ended September 30, 2024, was $86 thousand, compared to $31 thousand for the same period in 2023 [133]. Tax and Compliance - The Company established a full valuation allowance against its deferred tax assets, resulting in a carrying balance of $0 as of September 30, 2024 [137]. - The Company has not recognized any unrecognized tax benefits for the three and nine months ended September 30, 2024, and 2023, with no ongoing income tax audits as of the date of the financial statements [138]. - The Company did not make any payments to members of the Operating Company pursuant to the Tax Receivable Agreement during the three and nine months ended September 30, 2024, and 2023 [142]. Legal Matters - The company has filed a lawsuit against Blum Holdings Inc. for approximately $0.4 million, with a judgment received in favor of the company [112]. - The company had not taken any reserves for litigation for the nine months ended September 30, 2024, and 2023, indicating no material adverse effects expected from ongoing legal proceedings [102]. Other Financial Metrics - The total other current assets as of September 30, 2024, amounted to $2.279 million, a decrease from $3.319 million as of December 31, 2023 [106]. - As of September 30, 2024, accrued expenses and other current liabilities totaled $2,525,000, a decrease from $3,056,000 as of December 31, 2023, representing a reduction of approximately 17.4% [107]. - The accumulated other comprehensive income increased from $245,000 as of December 31, 2023, to $248,000 as of September 30, 2024, indicating a slight improvement [110].

Industry Overview - The cannabis industry is experiencing significant growth, attracting more investors due to increasing public approval and legalization measures in regions like the USA, Europe, and Canada [1][2] - The landscape for cannabis stocks is complex and unpredictable, with volatility creating small windows for profit-taking [2] Investment Strategy - Preparation is essential for investing in marijuana stocks, including building a watchlist and developing a trading plan to improve the odds of better gains [3] Company Highlights Trulieve Cannabis Corp. - Trulieve reported Q3 2024 revenue of $284 million, a 3% increase year over year, with 95% of revenue from retail sales [5] - The company achieved a gross margin of 61%, with a GAAP gross profit of $173 million, but reported a net loss of $60 million [5] - Adjusted EBITDA was $96 million, representing 34% of revenue, up 24% year over year [5] Jushi Holdings Inc. - Jushi reported total revenue of $61.6 million for Q3 2024, with a gross profit of $28 million and a gross profit margin of 45.4% [8] - The company experienced a net loss of $16 million and an adjusted EBITDA of $10.3 million, with an adjusted EBITDA margin of 16.8% [8] - Cash and cash equivalents stood at $22.9 million at the end of the quarter, with net cash flows from operations of $2.4 million [8] Greenlane Holdings, Inc. - Greenlane focuses on the development and distribution of cannabis accessories and vape devices across the US, Canada, and Europe [9] - The company has made significant updates, including a non-binding letter of intent to distribute Curb Lifestyle, Inc. and an exclusive distribution agreement with Safety Strips Tech Corp. for detection test strips in the US [10]

Core Insights - Safe Supply Streaming Co. Ltd. is advancing its portfolio through a multi-year distribution agreement with Greenlane Holdings Inc. for Safety Strips Tech Corp.'s test strips, which are designed to detect dangerous substances like fentanyl and xylazine, addressing the opioid crisis [3][4][6] Product Overview - Safety Strips Tech Corp. specializes in medical testing technologies and harm reduction solutions, offering low-cost test strips that are ISO 13485 validated and capable of detecting trace amounts of synthetic opioids [4][6] - The testing process involves mixing a small sample with water and using the test strip for 15 seconds, with results available in approximately five minutes [5] Market Strategy - The company aims to leverage strategic partnerships and robust distribution networks to maximize the reach of its high-demand, high-margin products [1][6] - Plans are underway to explore opportunities within educational institutions and government programs to expand the impact of Safety Strips Tech Corp. [2] Management Statements - The CEO of Safety Strips Tech Corp. emphasized the growing demand for reliable and economical substance testing methods to prevent accidental overdoses and drug-related crimes [4] - The CEO of Safe Supply highlighted the unmatched quality and cost-efficiency of Safety Strips' technology, viewing the partnership with Greenlane as a cornerstone of its product expansion strategy [7] Company Background - Safe Supply Streaming Co. Ltd. focuses on harm reduction, wellness technology, and innovative solutions that address critical public health needs, aiming to enhance accessibility and awareness of products that mitigate risks associated with substance use [8]

Industry Overview - The cannabis sector has experienced a significant drop in trading recently, attributed to the failure of cannabis reform in Florida during the presidential election and Donald Trump's victory [1][2] - There is growing concern that the newly elected president may not support cannabis reform, which could increase volatility and uncertainty in the market [2] - Despite current challenges, there is optimism for future federal reform, and investors are encouraged to focus on long-term opportunities as prices in the sector are low [2] Company Highlights - **Greenlane Holdings, Inc.**: Engages in the development and distribution of cannabis accessories and lifestyle products across the U.S., Canada, and Europe. Recently announced an exclusive distribution agreement with Safety Strips Tech Corp for fentanyl and drug detection test strips in the U.S. [4][5][6] - **WM Technology, Inc.**: Provides e-commerce and compliance software solutions for cannabis retailers and brands. The company is set to report its Q3 2024 financial results on November 12 [8] - **Leafly Holdings, Inc.**: Operates a platform connecting consumers with cannabis information and brands. Recently reported Q3 2024 financial earnings, showing a revenue decline to $8.4 million from $10.6 million in Q3 2023, with a gross margin of 89% [9]

These Marijuana Stocks Could Build Momentum Off Speculation Marijuana stock investors whether they know it or not are in a unique position. A bit of context first the bulk of cannabis investors are more so focused on the future. What this means is they are searching for top marijuana stocks to buy. The idea is to buy hold and grow their positions when able. Volatility has always been a factor and with it being an election year things can amp up. Both presidential candidates have spoken in favor of legal can ...

These 2 Marijuana Stocks Could Soon See Better Momentum Many marijuana stocks even in a volatile sector hold value and can present investment opportunities. If you're interested in investing in marijuana stocks there are some things to know. The cannabis sector is unpredictable and trading patterns can change without warning. From this, it can be tough to know when to buy or sell. Say you buy shares but that particular company continues to fall even more what are you to do? So there is no easy answer as lea ...

. . . Greenlane Holdings' CEO, Barbara Sher, is Featured in an Interview with SmallCapsDaily CEO Barbara Sher Dives into Greenlane's Innovative Solutions for the Opioid Crisis and Drink Spiking Prevention September 24, 2024 8:00 AM EDT | Source: SCD Media, LLC New York, New York--(Newsfile Corp. - September 24, 2024) - Greenlane Holdings, Inc. (NASDAQ: GNLN) ("the Company") CEO Barbara Sher recently sat down for an interview with SmallCaps Daily. During the interview, Sher discussed the Company's strategic ...

3 Marijuana Stocks To Start Your Trading Week Marijuana stock investors are always looking for new market opportunities. Now could be a good time to take profits and pick up even more shares. With the impact of cannabis politics and the presidential race most of the cannabis sector has been even more volatile. Inside the cannabis industry, there is another push to pass federal reform and work on other regulatory concerns. The support for legal cannabis has been growing at a fast pace. Over half of the USA h ...

Marijuana Penny Stocks Soaring with Gains Last Week The US cannabis industry is experiencing significant growth, driven by increasing legalization efforts and expanding consumer demand. In 2023, the US cannabis market reached $26.1 billion in sales, with experts projecting it could hit $45 billion by 2025. Continued legislative efforts, including a recent headline about US Senate discussions on federal marijuana reform, fuel this rapid expansion. As states like New York and New Jersey continue to roll out l ...

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - September 20, 2024) - Investorideas.com, a go-to investing platform covering cannabis stocks releases an industry snapshot looking at the battle against dangerous drugs, including fentanyl, featuring Greenlane Holdings, Inc. (NASDAQ: GNLN), one of the premier global sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products. Read the full article on Investorideas.com https://www.investorideas.com/ ...